Hello Energy Edit readers,Welcome to your fortnightly wrap-up.Over the past two weeks, the energy sector faced a triple squeeze: intense summer heatwaves pushing Asian power grids to their absolute breaking points, a sudden re-closure of the critical Strait of Hormuz choking oil transits, and massive new clean infrastructure deployments.Let’s get started!Richa MishraFortnight that was:PFC-REC merger gets board approval, creating India’s largest power sector NBFC. The merger will create a financial entity with a loan book of ₹11 lakh crore. businesslineIndia’s LPG consumption declined by 8 per cent Y-o-Y to around 14.74 million tonnes during the first half of the current calendar year as the West Asia conflict and the resultant closure of the Strait of Hormuz (SoH) completely blocked off supply of the key cooking fuel, according to the Petroleum Planning and Analysis Cell (PPAC). businesslineTrump biofuel goals hit reality as US plants lag. ReutersAs India advances its low-carbon transition, the country faces a central financing challenge: how to support deep industrial decarbonization while also protecting workers, communities, and state economies that remain closely tied to fossil fuels, Asia Society Policy Institute’s new report Carbon Credit Trading Scheme & Energy Transition Finance: Preparing India for Optimal Use of Compliance CCTS Revenue.Trending topics:Project Samridhi helps HPCL increase earnings by $0.54/bbl in FY26. Rishi Ranjan KalaClick here to read moreUPERC denies permission to Noida Power to procure hybrid power. M RameshClick here to read moreAs crude oil cargoes flush market, Indian refiners book supplies for next 45 days. Rishi Ranjan KalaClick here to read moreEV-ready homes critical for grid resilience, energy planning. Rishi Ranjan KalaClick here to read moreGovt removes restrictions on sale of diesel, petrol at PSU OMC retail outlets. Rishi Ranjan KalaClick here to read moreExpert insights:Building a clean, reliable, flexible, secure, and resilient grid is an urgent national priority that policy makers cannot put off. Richa MishraClick here to read morePodcasts:India’s EV push opens new doors for MSMEs | MSME Growth Conclave Coimbatore 2026. M RameshClick here to watchEl Niño 2026: Can a positive Indian Ocean dipole save India’s monsoon? Subramani Ra MancombuClick here to watchStay tuned in!Follow us for the latest updates, news, and insights on the energy sector!Published on July 2, 2026