MNRE scraps AJAY Phase-II scheme; experts say result of fiscal constraints

Due to the outbreak of COVID-19, the government has decided not to operate Member of Parliament Local Area Development Scheme for two years -- for 2020-21 and 2021-22... Accordingly, the ministry has decided to close the Phase-II of AJAY Scheme from 1 April, 2020

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3f9YHdK

COVID-19: Labour migration to pose short-term challenges for power, renewable energy sectors

The exodus of migrant labourers from major metro cities has given rise to a shortage of non-technical workers working in the energy industry and even if the government opts for a staggered lifting of the lockdown, the process of remobilisation would pose challenges for companies

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2SmoEwY

Daily coal sale to power sector halves

Total supplies to the sector have slumped almost 70% this month as against April 2019. Total sales are down 26%, production has declined 11% and stocks increased 60% to touch 76 million tonnes in April. Power companies refuse to take deliveries since their stockyards are almost full because of weak demand. Other consumers also have huge stocks as many plants are shut.

from Energy-Industry-Economic Times https://ift.tt/2Yi1yeC

CCI okays RIL-BP joint venture in retail fuel business

RIL and BP signed a definitive agreement in December to form the new Indian fuels and mobility joint venture after an initial agreement in August. RIL will hold 51 per cent in the joint venture and BP, the balance 49 per cent stake.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bULqDE

IEA: Renewables only energy source resilient to steepest fall in demand since WW-II

In absolute terms, this is unprecedented and equivalent of losing the entire energy demand of India, the world’s third-largest energy consumer. Each month of worldwide lockdown at the levels seen in early April is seen reducing annual global energy demand

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2WfaazZ

Roof solar capacity growth falls 7 per cent in 2019

The ‘India Solar Rooftop Map Report’ says India’s rooftop installed capacity stood at 5,440 mw on December 31, 2019, adding only 1,534 mw that year

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2yXYuK4

CERC proposes draft regulation for tariff determination from renewable energy sources

The tariff for renewable energy sources will consist of components such as Return on equity, Interest on loan, Depreciation, Interest on working capital, and Operation and Maintenance expenses

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VRdke7

MNRE scraps AJAY Phase-II scheme; experts say result of fiscal constraints

Due to the outbreak of COVID-19, the government has decided not to operate Member of Parliament Local Area Development Scheme for two years -- for 2020-21 and 2021-22... Accordingly, the ministry has decided to close the Phase-II of AJAY Scheme from 1 April, 2020

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2SnU5Ha

Tokyo 2020 targets 100 per cent renewable energy

In the 270-page report, Tokyo 2020 said that medal podiums will be made from post-consumer plastic packaging collected throughout Japan and will "be utilized' after the Games, Xinhua news agency reports

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3f95tjS

IEA: Renewables only energy source resilient to steepest fall in demand since WW-II

In absolute terms, this is unprecedented and equivalent of losing the entire energy demand of India, the world’s third-largest energy consumer. Each month of worldwide lockdown at the levels seen in early April is seen reducing annual global energy demand

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cYj7V0

Governments’ recovery programmes should invest in nuclear for cleaner energy

The report also raises the spectre of a sharp rebound in greenhouse gas emissions as economies recover unless governments ensure that stimulus packages are invested in projects that will bring long-lasting benefits, including a cleaner and more resilient energy system

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3dg93XR

Rooftop solar power capacity growth fell 7 per cent in 2019

The ‘India Solar Rooftop Map Report’ says India’s rooftop installed capacity stood at 5,440 mw on December 31, 2019, adding only 1,534 mw that year

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/35kxD6Z

Roof solar capacity growth falls 7% in 2019

Demand is likely to fall further in 2020 owing to disruptions caused by Covid-19, according to a report by consultancy firm Bridge to India. This is a cause for concern for the government, which has declared renewable power an essential service amid the lockdown to keep up growth.

from Energy-Industry-Economic Times https://ift.tt/2WdylPj

Haryana restores VAT on petrol and diesel as prices slide

A decision to this effect was taken in the Haryana Cabinet which met under the Chairmanship of Chief Minister, Manohar Lal here today. The increase in rate of tax would be Rs 1 per litre in case of Petrol and Rs 1.1 per litre in case of Diesel.

from Energy-Industry-Economic Times https://ift.tt/2WclInv

Ending the daily work commute may not cut energy usage as much as one might hope

A mass move to working-from-home accelerated by the coronavirus pandemic might not be as beneficial to the planet as many hope, according to a new study.

from Energy Policy News -- ScienceDaily https://ift.tt/2KP8hVu

Lockdown to cause time and cost overrun for 6k crore hydroproject in Sikkim

The lockdown is there on a greater cause. But it has put this near 6 k crore project under an unusual situation," said D. Chattopadhyay, Executive Director, NHPC Limited. According to him, the contract for large portion of civil works have already been awarded to the contractors with a targeted time frame for the work.

from Energy-Industry-Economic Times https://ift.tt/3aXICVi

Including hydropower in RPO target for states to boost grid flexibility, address variability of solar and wind energy

The draft amendment also provides for Renewable Generation Obligation (RGO) and lays down the modalities for bundling of renewable energy including hydro with thermal energy

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/35qRVvK

Including hydropower in RPO target for states to boost grid flexibility, address variability of solar and wind energy

The draft amendment also provides for Renewable Generation Obligation (RGO) and lays down the modalities for bundling of renewable energy including hydro with thermal energy

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/35pLkS7

Namrup Replacement Thermal Power Plant with production capacity of 100 MW will be commissioned by end of next month

Assam Power Generation Corporation Limited (APGCL) informed this to Chief Minister Sarbananda Sonowal during his visit to the project site at Namrup in Dibrugarh district on Thursday. The commissioning of the Replacement Plant will augment generation capacity of Namrup Thermal Power Station up to 127 MW.

from Energy-Industry-Economic Times https://ift.tt/2KOJXmE

Leaders in an open letter call for solarisation of clinics in rural areas

The signatories were from various think-tanks, research groups, renewable energy firms, sustainable development organisations, industry associations, and healthcare services

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2YkacZT

Reliance to hive off $75 bn O2C business into separate unit for sale to Aramco

After the approval, the oil-to-chemical (O2C) business will become a separate vertical with independent balance sheet just like the conglomerate's digital arm, Jio Platforms. RIL had organised all its digital businesses including Reliance Jio that has 388 million telecom subscribers, into Jio Platforms.

from Energy-Industry-Economic Times https://ift.tt/2VQKcE4

CCI approves combination between BP Global Investments, Reliance BP Mobility

Subsequently, the proposed transaction would involve acquisition of an aggregate 49 per cent of the fully diluted paid-up equity share capital and voting rights in and of RBPML by BP Global, it added.

from Energy-Industry-Economic Times https://ift.tt/2Yi1QSy

CERC proposes draft regulation for tariff determination from renewable energy sources

The tariff for renewable energy sources will consist of components such as Return on equity, Interest on loan, Depreciation, Interest on working capital, and Operation and Maintenance expenses

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2yRUryN

Solar power can improve healthcare in rural India, say leaders

In a letter to the government of India, they called for action, making the case for solarising all unelectrified sub-centres in rural India

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3f9t9oq

Global energy demand to fall 6 per cent in 2020, largest drop in 70 years: IEA

All fuels except renewables are set to experience their greatest contractions in demand for decades. In some cases, annual declines will be stronger than those in the first quarter, IEA noted.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VNK34c

China’s Trina Solar secures 100-MW contract with SunSource Energy

The firm would start the shipment of modules in the fourth quarter of 2020

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2YjrWVf

Shell cuts dividend for first time since World War Two

Shell also suspended the next tranche of its share buyback programme and said it was reducing oil and gas output by nearly a quarter after its net profit almost halved in the first three months of 2020

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aPNJqn

Solar power can improve healthcare in rural India, say leaders

In a letter to the government of India, they called for action, making the case for solarising all unelectrified sub-centres in rural India

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2yg8j5Q

Coal set for largest decline since World War II, says IEA

Nuclear power is less affected, while renewables are the only energy source on the rise in 2020, thanks to priority access to grids and low operating costs

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aNgB2j

India set to take a Rs 40,000 crore blow on account of oil revenue loss

Consumption of fuel products probably declined at least 80 per cent in April, which would lead to a revenue loss of as much as Rs 40,000 crore ($5.3 billion), according to estimates from Madan Sabnavis, an economist at Care Ratings Ltd

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VP0pth

India's electricity demand to fall by 1 per cent, register 54 per cent PLF in 2020-21

The nationwide lockdown is likely to increase the book loss level for the discoms at all India level by Rs. 200 billion in 2020-2021, with further downside risks arising from any extension, said ICRA

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aJcK6A

COVID-19 to cause record emissions fall in 2020: IEA

The IEA's Global Energy Review was based on an analysis of electricity demand over more than 100 days, during which much of the world has entered lockdown in a bid to control the pandemic

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aN8xik

India's annual power demand seen falling for first time in almost four decades: Moody's unit

Power usage has fallen by almost a quarter since Prime Minister Narendra Modi enforced a nationwide lockdown starting March 25, forcing all industries except those deemed essential to shut down

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KLSaI5

Nagaland impose Covid-19 cess on petrol and diesel sales

While Nagaland is the first state to impose a Covid-specific cess, Assam recently increased taxes on petrol by Rs 6 and on diesel by Rs 5, while Meghalaya is charging sales tax surcharge on motor spirit such as petrol at 2%.

from Energy-Industry-Economic Times https://ift.tt/2VNglw4

Navigating the clean energy transition during the COVID-19 crisis

In a Commentary published April 29 in the journal Joule, energy and climate policy researchers in Switzerland and Germany provide a framework for responsibly and meaningfully integrating policies supporting the clean energy transition into the COVID-19 response in the weeks, months, and years to come.

from Energy Policy News -- ScienceDaily https://ift.tt/2KILWbR

Engineers make a promising material stable enough for use in solar cells

A research team has found a way to make halide perovskites stable enough by inhibiting the ion movement that makes them rapidly degrade, unlocking their use for solar panels as well as electronic devices.

from Solar Energy News -- ScienceDaily https://ift.tt/2Yp106R

Are salt deposits a solution for nuclear waste disposal?

Researchers testing and modeling to dispose of the current supply of waste.

from Renewable Energy News -- ScienceDaily https://ift.tt/2WaxYoI

MRI scanning assists with next generation battery design

Magnetic resonance imaging (MRI) can provide an effective way of supporting the development of the next generation of high-performance rechargeable batteries, according to new research.

from Batteries News -- ScienceDaily https://ift.tt/2W9XAlt

Lockdown to increase discoms' book losses to Rs 200 bn: ICRA

The demand slowdown amid the lockdown is likely to lead to a de-growth of 1.0 per cent in electricity demand for the full year of FY2021, considering the full lockdown till May 3, 2020, partial lifting of lockdown in the non-red zones in May and June 2020

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3f1uVrt

Top 10 players consolidating solar market in India: Report

The 'India Solar Market Leaderboard, 2020' report puts ReNew Power as the top utility-scale developer during 2019, while Azure Power owns the largest project pipeline

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3f4qkVg

COVID-19: States taking economic package must not act biased against RE, says Tata Power CEO Praveer Sinha

He said that this is an opportunity to move away from high carbon businesses in order to reduce emissions and move to sustainable energy

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2YgUWNm

Lockdown to increase discoms' book losses to Rs 200 bn: ICRA

The demand slowdown amid the lockdown is likely to lead to a de-growth of 1.0% in electricity demand for the full year of FY2021.

from Energy-Industry-Economic Times https://ift.tt/3aP2vOa

India adds 7.3 GW solar energy capacity in 2019: Report

The report covers market share and shipment rankings across the Indian solar supply chain in 2019. During the calendar year (CY) 2019, India installed 7.3 GW of solar power across the country, consolidating its position as the third-largest solar market in the world, it said.

from Energy-Industry-Economic Times https://ift.tt/2xm0sn2

India installed 7.3 GW of solar power in 2019: Report

The report added that the country also had a robust pipeline of utility-scale under-development projects of 23.7 GW capacity by the end of CY19, with 31.5 GW capacity tenders pending under auctions

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2WcZVfH

India installed 7.3 GW of solar power in 2019: Report

The report added that the country also had a robust pipeline of utility-scale under-development projects of 23.7 GW capacity by the end of CY19, with 31.5 GW capacity tenders pending under auctions

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cVQRCu

Iberdrola bets on cash pile, investments to defy coronavirus

Powering more than 30 million homes and businesses in Spain, the United States, Brazil and Britain brought in net profit of 1.26 billion euros ($1.37 billion) in the first quarter versus a Refinitiv SmartEstimate of 1.20 billion

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eZ2aLX

ADB gives $ 346 mn loan for power sector in rural Maharashtra

The loan will support the state government's high voltage distribution system (HVDS) program for new grid-connected rural agricultural customers across the state, said the Manila-headquartered multi-lateral funding agency

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VKtExq

Sale of fuel dropped 10 per cent more than normal due to COVID-19:CIPD

​​CIPD President M Narayana Prasad said the Oil Marketing Companies HPCL, IOCL, BPCL had neglected to revise the dealer margins since August 2017 which subsequently led to retail outlet operations becoming 'exceptionally challenging'

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2YfxGj1

Offshore wind firm Orsted beats profit forecasts

The Danish company is in the midst of a $30 billion investment programme as it seeks to become one of a handful of future "renewable majors" leading a shift away from fossil fuels

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2W1Eii0

World has historic opportunity for green technology boost: IEA

Fatih Birol, executive director of the International Energy Agency (IEA), said support from governments could drive rapid growth in battery and hydrogen technology to help the world to reduce its reliance on fossil fuels

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cVoJiS

Mysun raises Rs 32 crore from investors

The main idea is to deploy these funds to increase the focus on capturing the segment of the market represented by SMEs and MSMEs and also push our technology platform

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/35dEEX2

Iberdrola forecasts 2020 profit growth as Q1 meets expectations

Powering more than 30 million homes and businesses in Spain, the United States, Brazil and Britain brought in net profit of 1.26 billion euros ($1.37 billion) in the period versus a Refinitiv SmartEstimate of 1.20 billion

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KJS18g

Mysun raises Rs 32 crore from investors

The main idea is to deploy these funds to increase the focus on capturing the segment of the market represented by SMEs and MSMEs and also push our technology platform

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KFsrkH

Moody's lowers WTI, brent oil price assumptions through 2020-21

Moody's price assumption for brent and WTI in 2021 is $45 and $40 per barrel respectively. The agency highlighted that Oil production will decline in 2020-21 because of both the agreed OPEC+ deal and production shut-ins in the US and Canada

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cRlIQy

In a first, India to launch natural gas trading on electronic platform next month

Rajesh Mediratta, Director at IGX said in a virtual event today the company hoped to launch the platform in March itself, however, lockdown measures in-place to deal with the Covid-19 pandemic has led to delay.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2ySFFrH

The coronavirus pandemic is accelerating coal’s demise

In much of the world coal power is currently more expensive than gas and renewables, which explains why its share in the electricity mix has fallen in Europe, India, China, and parts of the US

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2yXAJl5

Govt clears Shrikant Madhav Vaidya as next IOC chairman

Shrikant Madhav Vaidya will steer India’s largest state-run oil refiner and fuel retailer IndianOil as the oil industry grapples with an unprecedented market volatility and demand crash due to the coronavirus pandemic.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VMES4A

Rs 90,000 crore scheme in offing for power companies

The loans are sought to be made available to Power Finance Corp (PFC) and REC Ltd, the two sectoral lending institutions in Indian power sector, for onward concessional lending to state electricity distribution utilities to help them clear bills of power generating companies.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Sch6wD

Oil prices climb as storage fills less rapidly than feared

U.S. West Texas Intermediate (WTI) crude futures jumped to a high of $13.85 and were up 8.8%, or $1.09, at $13.43 at 0038 GMT, paring a 27% plunge over the first two days of this week

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3d3qmeB

Next-generation batteries take major step toward commercial viability

A group of researchers has found a way to stabilize one of the most challenging parts of lithium-sulfur batteries, bringing the technology closer to becoming commercially viable.

from Fuel Cells News -- ScienceDaily https://ift.tt/2Ygyp3o

New opportunity to develop high-energy batteries

In recent years, lithium-ion batteries have become better at supplying energy to soldiers in the field, but the current generation of batteries never reaches its highest energy potential. Researchers are extremely focused on solving this challenge and providing the power soldiers demand.

from Fuel Cells News -- ScienceDaily https://ift.tt/2zCwrjv

Next-generation batteries take major step toward commercial viability

A group of researchers has found a way to stabilize one of the most challenging parts of lithium-sulfur batteries, bringing the technology closer to becoming commercially viable.

from Batteries News -- ScienceDaily https://ift.tt/2Ygyp3o

New opportunity to develop high-energy batteries

In recent years, lithium-ion batteries have become better at supplying energy to soldiers in the field, but the current generation of batteries never reaches its highest energy potential. Researchers are extremely focused on solving this challenge and providing the power soldiers demand.

from Batteries News -- ScienceDaily https://ift.tt/2zCwrjv

Researchers make key advance toward production of important biofuel

An international research collaboration has taken an important step toward the commercially viable manufacture of biobutanol, an alcohol whose strong potential as a fuel for gasoline-powered engines could pave the path away from fossil fuels.

from Renewable Energy News -- ScienceDaily https://ift.tt/2yMPcAp

Researchers make key advance toward production of important biofuel

An international research collaboration has taken an important step toward the commercially viable manufacture of biobutanol, an alcohol whose strong potential as a fuel for gasoline-powered engines could pave the path away from fossil fuels.

from Fuel Cells News -- ScienceDaily https://ift.tt/2yMPcAp

Rs 90,000 crore scheme in offing for power companies

The loans are sought to be made available to Power Finance Corp (PFC) and REC Ltd, the two sectoral lending institutions in Indian power sector, for onward concessional lending to state electricity distribution utilities to help them clear bills of power generating companies.

from Energy-Industry-Economic Times https://ift.tt/3eZwyGg

Nagaland levies COVID-19 cess of Rs 5 per litre for diesel and Rs 6 for petrol and motor spirit

This notification shall come into force with effect from midnight of April 28.

from Energy-Industry-Economic Times https://ift.tt/2ShdJ7v

Renewable is as good as an IT industry for India: Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power Renewables

He added that India is not taking advantage of it at the current level

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/35hCHZY

Renewable is as good as an IT industry for India: Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power Renewables

He added that India is not taking advantage of it at the current level

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2xVyGOB

Average spot power price remains low at Rs 2.36 a unit during lockdown

​​ The IEX has witnessed heightened activity among power distribution companies (discoms) since the coronavirus-induced nationwide lockdown on March 25, according to a statement by the Indian Energy Exchange (IEX).

from Energy-Industry-Economic Times https://ift.tt/3bWkUtT

Top India energy analyst says demand issue messes up forecasts

That’s because demand for fuels disrupted by global lockdowns has become extremely difficult to forecast, according to Aditya Suresh, Macquarie Capital Ltd.’s co-head of Asian energy research, who is the top-ranked analyst for India’s Reliance Industries Ltd

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cXgcvE

Discoms owe Rs 92,693 cr to power producers in Feb

In February 2020, the total overdue amount, which was not cleared even after 60 days of grace period offered by gencos, stood at Rs 80,616 crore as against Rs 53,703 crore in the same month of the preceding year

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3f2bOOa

Discoms owe Rs 92,693 cr to power producers in February

Gencos give 60 days to discoms for paying bills for the supply of electricity. After that, outstanding dues become overdue and generators charge penal interest on that in most cases. In order to give relief to gencos, the Centre enforced a payment security mechanism from August 1, 2019. Under this mechanism, discoms are required to open letters of credit for getting power supply.

from Energy-Industry-Economic Times https://ift.tt/2xY3n5M

India's Reliance Industries to consider first rights issue in three decades

In an exchange filing late on Monday the oil-to-retail conglomerate said a rights issue would be on the table at the meeting although it gave no details of what exactly was under consideration

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2zA40mh

Don’t expect oil prices to go above $20 in near term: David Lennox

Prices will continue to be under pressure on the downside until demand picks up, says Resource Analyst, Fat Prophets

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VMGZ8B

Global subsidies for fossil fuels will drop 70 percent to $139 billion by 2050

Countries are supposed to phase out their fossil fuel subsidies over time, per unit of energy subsidies for fossil fuels are assumed to decline rapidly to 2030 and thereafter decline at a slower rate to 2050.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eZI7wO

COVID-19 Impact: Turbulent times for power distribution sector

According to an estimate by CII, the lockdown until 3 May 2020 could result in total demand compression of upto 36 billion units of electricity, implying a net revenue loss of around Rs 30,000 crores at the discom level

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Su5yoL

Numaligarh Refinery Limited has resumed work on project worth Rs 2043 crore

An official in NRL said, “These projects will generate 6.8 lakh man days. Monthly payment to manpower will be to the tune of Rs 2.5 Crore"

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KGP0FG

Poland expects solar energy to help meet demand in summer heat

Poland generates most of its electricity from burning coal in power stations, some of which use river waters for cooling. The country's total installed electrical capacity is almost 47 GW

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2y87ITV

Adani Power reports Rs 1,312 cr loss in Q4; FY20 loss widens to Rs 2.2k cr

The company said that its average plant load factor (PLF) or capacity utilisation achieved during 2019-2020 was 68 per cent as compared to 64 per cent achieved in the previous year

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aHMt8O

Oil prices slide again as world runs low on storage capacity amid plunge in demand

U.S. West Texas Intermediate (WTI) crude futures dropped by as much as 7.1 per cent and were off 6 per cent, or 77 cents, at $12.01 a barrel as of 0110 GMT. WTI plunged 25 per cent on Monday

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3d4YXJh

Numaligarh Refinery Limited has resumed work on project worth Rs 2043 crore

These projects include bio refinery project, Indo-Bangladesh pipeline project and work of an office in Guwahati.

from Energy-Industry-Economic Times https://ift.tt/3bHqYpX

Germany, Britain call for 'green recovery' from pandemic

Schulze suggested that one way to do this would be to help care workers buy electric vehicles for house calls. ``These are many, many vehicles,'' she told The AP. ``It would help the economy and it would move us forward (in curbing emissions)"

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cT3aQ4

BS-VI norms in but India needs auto-LPG to curb vehicular emissions: Autogas suppliers' body

Even as the BS-VI norms are rolled out, the next thrust of the government is on the electric vehicles (EVs) that are still a decade away from commercial viability, the association said in a statement

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aCdeLG

Fuel prices remain unchanged for 42 days in unprecedented freeze

The price of petrol in the national capital stands at Rs 69.75 per litre while diesel costs Rs 62.44 per litre.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2W5s0W7

Portugal's Galp sees further pandemic damage, Q3 recovery still uncertain

The company said recovery relied on a number of factors, including government policies, the impact of the pandemic on the wider economy and supply and demand for oil

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VV0daA

Hydrogen fuel cell-based electric buses, cars for Leh and Delhi soon

The move to procure Hydrogen Fuel Cell based vehicles is first of its kind project in the country, wherein a complete solution from green energy to the fuel cell vehicle would be developed

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VI5ZO5

Govt simplifies oil, gas block processes; provides for self-certification, deemed approval

The Directorate General of Hydrocarbons (DGH) has issued a detailed notification, simplifying procedures and process under Production Sharing Contract (PSC) for pre-NELP and NELP oil and gas blocks

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KF44Dw

Greencoat UK Wind to buy 320 mln stg wind UK wind project from Vattenfall

Britain has a climate target to reach net zero emissions by 2050 which will require it to build several more power renewable power plants

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KD9Aqm

Inox Wind resumes production at all three manufacturing plants

These plants are located at Barwani (Madhya Pradesh), Ahmedabad (Gujarat) and Una (Himachal Pradesh).

from Energy-Industry-Economic Times https://ift.tt/2Y9162j

Mideast economies take massive hit with oil price crash

The economies of all the Arab Gulf oil exporters are expected to contract this year, as much as 5 per cent in Iraq, according to the International Monetary Fund

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2W0teSu

Solar installation company Swelect Energy Systems resumes operations at Bengaluru plant

"In order to execute an energy supply project to Airport Authority of India, we had requested the DIC office for granting us permission to run our facility with a skeletal strength as per MHA (Home Ministry) guidelines," a regulatory filing said

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2x8Q5mi

Delhi HC restrains IOCL from invoking bank guarantee furnished by Punj Lloyd

The judge, in his order on April 17, also directed both the parties to renotify the case on June 10 to an appropriate bench of the High Court

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cIvWmm

KKR to buy five solar assets from SP Group for $200 million

KKR began to focus on Asia’s infrastructure sector with a series of hires beginning about a year ago, and launched its fundraising in 2019. About 50 per cent of its maiden fund has just been raised

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VJLbWF

KKR to buy five solar assets from SP Group for $200 million

KKR began to focus on Asia’s infrastructure sector with a series of hires beginning about a year ago, and launched its fundraising in 2019. About 50 per cent of its maiden fund has just been raised

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cR36jC

Inox Wind resumes production at all three manufacturing plants

"... after obtaining requisite permission from concerned district administration, the company has now resumed operations at all its three manufacturing plants in compliance with all the safety guidelines/ directives issued by the central/state governments"

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2yOqlfq

KKR to buy five solar assets from SP Group for $200 million

KKR began to focus on Asia’s infrastructure sector with a series of hires beginning about a year ago, and launched its fundraising in 2019. About 50% of its maiden fund has just been raised. It made its first investment in May via a $400-million deal to take control of India Grid Trust (IndiGrid), the infrastructure investment trust of Sterlite Power Transmission.

from Energy-Industry-Economic Times https://ift.tt/2y34DUX

MNRE urges Haryana to honour signed green contracts

In the past few months, Haryana has been reluctant to give connectivity to 1000 MW of ‘open access’ solar projects whose construction it had earlier okayed

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aFVMGb

MNRE Urges Haryana to Honour Signed Green Contracts

In the past few months, Haryana has been reluctant to give connectivity to 1000 MW of ‘open access’ solar projects whose construction it had earlier okayed.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VGEZyq

The next chapter of the oil crisis: The industry shuts down

Now shipping prices are surging to stratospheric levels as the industry runs out of tankers -- a sign of just how distorted the market has become

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eSbeSQ

Bharat Coking Coal's 42,000 employees may not get April salary

Inability to pay royalty will force the company to suspend operations as the levy falls due once coal is produced

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Y81qOH

CERC to fix provisional tariff hike

However, lenders and power companies have said that most projects have not placed orders for the equipment and hence it was not possible for them to complete retrofitting these equipment by 2022

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cOnbqJ

Unsung mining heroes brave odds to produce coal, keep power plants running

"I don't want that a situation arises when in the absence of coal, the country's power houses come to a standstill, and in the absence of electricity, the hospitals which are treating corona virus patients collapse," Khan told over phone

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eTZBuD

Oil falls as crude in U.S. storage nears all-time high

U.S. oil futures led losses after U.S. crude inventories rose to 518.6 million barrels in the week to April 17, near an all-time record of 535 million barrels set in 2017

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2zwdm2p

Environment-friendly compound shows promise for solar cell use

A team of engineers, material scientists, and physicists demonstrated how a new material -- a lead-free chalcogenide perovskite -- that hadn't previously been considered for use in solar cells could provide a safer and more effective option than others that are commonly considered.

from Solar Energy News -- ScienceDaily https://ift.tt/2Ye1Fbb

Environment-friendly compound shows promise for solar cell use

A team of engineers, material scientists, and physicists demonstrated how a new material -- a lead-free chalcogenide perovskite -- that hadn't previously been considered for use in solar cells could provide a safer and more effective option than others that are commonly considered.

from Renewable Energy News -- ScienceDaily https://ift.tt/2Ye1Fbb

CERC to fix provisional tariff hike

Lenders and power companies have said that most projects have not placed orders for the equipment and hence it was not possible for them to complete retrofitting these equipment by 2022. Some financial institutions have sought the government’s intervention in advancing the deadlines by two years.

from Energy-Industry-Economic Times https://ift.tt/2S8BGOa

MNRE asks Haryana to honour renewable energy contracts

MNRE’s letter had attached with it a representation made by Connect Solar, an association consisting of solar developers of Haryana. “Initially in the name of wrongly anticipated technical and economic impact of renewable on system and state, later on by changing entire definitions, connections are being denied after making massive investments in the state in land and solar infrastructure,” the letter said.

from Energy-Industry-Economic Times https://ift.tt/3bRm5dG

Delhi HC restrains IOCL from invoking bank guarantee furnished by Punj Lloyd

“…till the expiry of the period of one week from the lifting of the lockdown, imposed by the central government consequent to an n-Covid-2019 pandemic, IOCL shall remain injuncted from encashing/invoking the aforesaid three bank guarantees,” the court said while dealing with one of two petitions filed by Ashwini Mehra, resolution professional of Punj Lloyd.

from Energy-Industry-Economic Times https://ift.tt/3cPN4qs

Bureaucratic reshuffle: Indu Shekhar Chaturvedi is new MNRE Secretary; Tarun Kapoor gets Oil & Gas

Chaturvedi will replace Anand Kumar who has been shifted to the Ministry of Culture.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KxjOZi

Bureaucratic reshuffle: Indu Shekhar Chaturvedi is new MNRE Secretary; Tarun Kapoor gets Oil & Gas

Chaturvedi will replace Anand Kumar who has been shifted to the Ministry of Culture.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2S9kuIs

NTPC to procure hydrogen fuel bus and cars for Leh and New Delhi

The EoI for 10 such buses and cars has been issued by NTPC's wholly owned subsidiary, NTPC Vidyut Vyapar Nigam (NVVN) Limited, an official statement said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Y5yDub

NTPC to procure hydrogen fuel bus and cars for Leh and New Delhi

The EoI for 10 such buses and cars has been issued by NTPC's wholly owned subsidiary, NTPC Vidyut Vyapar Nigam (NVVN) Limited, an official statement said.

from Energy-Industry-Economic Times https://ift.tt/3cHZPDc

Govt simplifies oil, gas block processes; provides for self-certification, deemed approval

Work programme and field development plan or their revisions will be deemed to be approved on expiry of 30 days of submission of documents under self-certification. Only issues requiring government nod will be grant of petroleum exploration or mining license, transfer of stake and extensions.

from Energy-Industry-Economic Times https://ift.tt/3eKNPTg

Unsung mining heroes brave odds to produce coal, keep power plants running

​​ With the country confronted with an unprecedented situation, mining workers in the Kamptee open cast mine of Coal India arm WCL, said it was time to serve the nation "the way a soldier fearlessly keeps his life at stake to guard his country against the enemies."

from Energy-Industry-Economic Times https://ift.tt/2SamQXD

On climate, it's Biden's green revolution versus Trump's war on red tape

President Donald Trump, a Republican, has focused on tearing down former President Barack Obama's climate agenda to free the energy and auto industries from the costs of regulation meant to protect the environment and human health.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aFHdSO

Covid-19: Disruption in DRE supply chain will impact several development outcomes

Disruption in supply of clean energy products and services by DRE enterprises will impact reliable energy supply and energy-dependent sectors like healthcare, agriculture, livelihoods, and others.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eQOx1r

Covid-19: Disruption in DRE supply chain will impact several development outcomes

Disruption in supply of clean energy products and services by DRE enterprises will impact reliable energy supply and energy-dependent sectors like healthcare, agriculture, livelihoods, and others.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aCEw4D

Falling oil prices amid coronavirus pandemic: What it means for India and other players

The US itself is groaning under the weight of its own oil. Shale producers, who have, for the past five years run rings around traditional oil producers like Saudi Arabia, are facing unprecedented production cuts, storage glut and crashing demand.

from Energy-Industry-Economic Times https://ift.tt/2S80Hco

Providing uninterrupted power supply amid lockdown: NTPC

"The corona pandemic has failed to dent the spirit of NTPC. NTPC is providing uninterrupted power supply despite lockdown. The company's all plants are following to lockdown and social distancing guidelines. NTPC Vindyachal achieved 100 per cent plant load factor on April 13, 2020," it said.

from Energy-Industry-Economic Times https://ift.tt/3cJjhzB

Price crash brings no relief: Oil cos keep fuel prices unchanged for 40 days

The auto fuels today maintain almost the same price levels at pumps that was existing on March 14, when government raised the excise duty on petrol and diesel by Rs 3 per litre on the back of a single day more than 30 per cent fall in crude to $35 a barrel.

from Energy-Industry-Economic Times https://ift.tt/2S5rciQ

Put clean energy at heart of stimulus plans: IEA's Birol

"Putting clean energy at the heart of stimulus plans is an excellent strategy for revitalising economies while building a more secure and sustainable energy future," Birol said after co-hosting an online global ministerial meeting with Denmark

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VTWtGB

SECI reschedules pre-bid meeting for 2,000-MW ISTS-connected wind project

RfS for selection of wind power developers for setting up of 2,000-MW ISTS-connected wind power projects in India under tariff-based competitive bidding under tranch-IX dated 20 March, 2020 has been rescheduled to 30 April, 2020 at 14:00 hr

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cMHHYZ

Madhya Pradesh: Govt scraps Maheshwar hydel power project

Prior to the sudden termination order issued on April 18 this year, in 2014, the comptroller and auditor general had criticized the government for not terminating the project despite undue delay in its completion. The project was also marred by controversies related to financial irregularities

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Y1Vzug

Put clean energy at heart of stimulus plans: IEA's Birol

"Putting clean energy at the heart of stimulus plans is an excellent strategy for revitalising economies while building a more secure and sustainable energy future," Birol said after co-hosting an online global ministerial meeting with Denmark

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2S2XJFZ

SECI reschedules pre-bid meeting for 2,000-MW ISTS-connected wind project

RfS for selection of wind power developers for setting up of 2,000-MW ISTS-connected wind power projects in India under tariff-based competitive bidding under tranch-IX dated 20 March, 2020 has been rescheduled to 30 April, 2020 at 14:00 hr

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2xYoSDd

India Ratings downgrades rating for NTPC BHEL Power Projects, terms outlook negative

The company’s revenue has successively declined to Rs 0.7 billion in financial year 2019 (FY19) from earlier Rs 1.3 billion in FY18 and Rs 6.7 billion in FY17, led by the slow project execution and the absence of new orders

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eNdTNF

Electronic skin fully powered by sweat can monitor health

Electronic skin monitors body's vitals signs while being powered by sweat.

from Solar Energy News -- ScienceDaily https://ift.tt/3bzTPwl

Electronic skin fully powered by sweat can monitor health

Electronic skin monitors body's vitals signs while being powered by sweat.

from Batteries News -- ScienceDaily https://ift.tt/3bzTPwl

Atmospheric tidal waves maintain Venus' super-rotation

An international research team has revealed that the 'super-rotation' on Venus is maintained near the equator by atmospheric tidal waves formed from solar heating on the planet's dayside and cooling on its nightside.

from Solar System News -- ScienceDaily https://ift.tt/2x59y7z
via IFTTT

Microwaves power new technology for batteries, energy

New battery technology involving microwaves may provide an avenue for renewable energy conversion and storage. Researchers created a technique to turn waste polyethylene terephthalate, one of the most recyclable polymers, into components of batteries. They use an ultrafast microwave irradiation process to turn PET, or polyethylene terephthalate, flakes into disodium terephthalate.

from Batteries News -- ScienceDaily https://ift.tt/2x5abOt

Microwaves power new technology for batteries, energy

New battery technology involving microwaves may provide an avenue for renewable energy conversion and storage. Researchers created a technique to turn waste polyethylene terephthalate, one of the most recyclable polymers, into components of batteries. They use an ultrafast microwave irradiation process to turn PET, or polyethylene terephthalate, flakes into disodium terephthalate.

from Fuel Cells News -- ScienceDaily https://ift.tt/2x5abOt

Global oil supply to fall 6 per cent by 2030 due to delayed projects: data

It estimates that $195 billion worth of non-shale projects are being delayed, most of which are gas and gas condensate field developments. Geographically the biggest slump is in the Middle East in that group

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VXbTto

Cheaper oil, foreign flows a tailwind for rupee

The partially convertible Indian rupee has lost nearly 7 per cent against the dollar so far this year, despite heavy dollar supplying intervention by the central bank. It hit a life low of 76.92 to the dollar on Wednesday

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2S4PSIb

Indian oil refiners stare at Rs 25,000 cr inventory loss: Crisil

Crude prices nosedived from an average $55 per barrel in February to $33 in March and closed at around $20 end of March as demand slumped because of the pandemic

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2yKqPTN

India missed utility-scale solar capacity addition target for FY20 by 24 per cent

About 2.1 GW of new wind capacity was added in FY20, which is about 30 per cent less than the target of 3 GW set for this fiscal year

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eNT6cQ

Delhi's peak power demand reduces by up to 49% during lockdown

Delhi's peak power demand has reduced by up to 49 per cent with commercial and industrial activities virtually at a standstill due to the lockdown imposed to contain the spread of coronavirus, discom and power department officials said.

from Energy-Industry-Economic Times https://ift.tt/3eSN8Yn

Oil prices rise more than $1 after week of turmoil amid viral outbreak

But barring a sharp jump later in the session, prices are heading for their eighth weekly loss in the last nine, capping one of the most tumultuous weeks in the history of oil trading

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aB6RYU

India’s crude oil production falls 6 per cent in FY20

Refineries processed 1 per cent less crude in 2019-20 mainly due to run rates dropping in March by 6 per cent as the COVID 19 pandemic destroyed demand

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Y3BZxE

We plan to scale up our capacity to 2 GW in medium term: Pinaki Bhattacharyya, CEO and co-founder, Amp Energy India

"Out of the 2 GW target, we will roll out 300-500 MW capacity per year for an investment of about Rs 1,500 crore"

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eJ0JBr

NHPC raises Rs 750 crore through private placement of bonds

“The issue was taken very overwhelmingly by the market and oversubscribed 3.87 times i.e. for Rs 2,899 crore amid outbreak due to COVID-19,” it said in a press release

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2S0zJDK

MNRE should make 30-day extension for renewable energy more flexible, says industry

Industry players added that the time period should have been more flexible but, however, hailed it as a much needed step to normalise the activities that have been disrupted due to this force majeure

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aD2j4d

India’s natural gas production falls 14% in March as demand dries up, 2019-2020 production lowest in 18 years

According to a report by the oil ministry natural gas production by Indian E&P players had been impacted in March on account of decreased production in response to less off take by consumers

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VvpXeF

A new way to cool down electronic devices, recover waste heat

Using electronic devices for too long can cause them to overheat, which might slow them down, damage their components or even make them explode or catch fire. Now, researchers have developed a hydrogel that can both cool down electronics, such as cell phone batteries, and convert their waste heat into electricity.

from Fuel Cells News -- ScienceDaily https://ift.tt/2RVGuqj

A new way to cool down electronic devices, recover waste heat

Using electronic devices for too long can cause them to overheat, which might slow them down, damage their components or even make them explode or catch fire. Now, researchers have developed a hydrogel that can both cool down electronics, such as cell phone batteries, and convert their waste heat into electricity.

from Batteries News -- ScienceDaily https://ift.tt/2RVGuqj

Reliance cuts crude processing at Jamnagar SEZ refinery by 24 per cent

Refiners started to cut down on crude processing only in the latter half of March after travel restrictions first imposed by states followed by a nationwide lockdown beginning March 25 evaporated fuel demand

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VwAGWh

CIL to produce 710 MT coal in current FY: Pralhad Joshi

Coal minister Pralhad Joshi set these targets for the state-run company while reviewing its performance through video conference on Wednesday, an official statement said

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2S46eRs

Reliance cuts crude processing at Jamnagar SEZ refinery by 24 per cent

Refiners started to cut down on crude processing only in the latter half of March after travel restrictions first imposed by states followed by a nationwide lockdown beginning March 25 evaporated fuel demand. Fuel demand in nations where Indian refiners exported products like diesel and petrol has also stalled following the outbreak of the pandemic.

from Energy-Industry-Economic Times https://ift.tt/2xK4ANY

OMCs to benefit from crude crash

On Monday, WTI crude oil dived into the negative zone – much like trillions of dollars of outstanding bonds – on concerns that crude storage capacities were running out, with vast consuming nations under protracted lockdowns

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3avaLmh

Lockdown puts India in similar position that led to US oil WTI crash

To add to the problem is almost full storage capacity at fuel stations and at sites created by refiners. Analysts estimate that almost entire 85 million barrel storage capacity with the state-run companies is full

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2xSO8e3

Sterlite Power commissions 765-kV Khandwa substation in Madhya Pradesh

So far, Sterlite Power has commissioned 5 out of 6 elements in the project -- 765-kV substation at Khandwa, 765-kV DC Khandwa-Indore transmission line, 400-kV DC Khandwa-Khargone transmission line, 400-kV line-in line-out (LILO), and Dhule Bay Extension.

from Energy-Industry-Economic Times https://ift.tt/2VPDkpc

Triveni Turbine partially resumes operations at Bengaluru plants

Steam turbine maker Triveni Turbine Ltd (TTL) on Thursday announced the partial resumption of the operations of its plants in Bengaluru and stressed that all necessary precautions are being taken to ensure health and safety of its staff and other stakeholders.

from Energy-Industry-Economic Times https://ift.tt/34YoP6x

Tamil Nadu CM Palaniswami writes to Modi, seeks aid to bail out Tangedco

In a letter addressed to Prime Minister Narendra Modi, chief minister Edappadi K Palaniswami said, Tangedco would not be able to make timely payments for power being purchased from Central generating stations and independent power producers

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34YoeSl

RIL-BP Unlikely to commence KG Basin production in may

Reliance Industries (RIL) said it was striving to complete its KG-D6 projects in time. “KG-D6 projects are currently on track. Covid-19 situation has impacted our normal functioning and all efforts are being made for timely completion of the KG-D6”

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2zpsv5J

Jio accepts FB friend request, sells 10% stake for record Rs 43,574 crore

The transaction gives Mark Zuckerberg, Facebook CEO and the world’s seventh richest man according to Forbes, an opportunity to deepen FB’s presence in India, which is its largest market in terms of users

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eMjiV2

India missed utility-scale solar capacity addition target for FY20 by 24 per cent

About 2.1 GW of new wind capacity was added in FY20, which is about 30 per cent less than the target of 3 GW set for this fiscal year

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KtZCaN

Oil rises for second day as producers trim output to respond to demand loss

In the United States, the world's biggest oil producer, Oklahoma's energy regulator said companies could shut wells without losing their leases, an initial victory for struggling US producers seeking relief from the market crash after a surge in production

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2XYTuPS

RIL-BP Unlikely to commence KG Basin production in may

RIL says though Covid-19 has impacted normal functioning, efforts are on for timely completion

from Energy-Industry-Economic Times https://ift.tt/3eKUflu

COVID-19: SECI to take pre-bid queries online for 15-MW floating solar plant at SCCL

Earlier this month, SECI had issued the tender inviting bids for setting up of 15 MW floating solar PV power plant at different sites at the SCCL in Telangana

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2XVA9yK

Saudi Aramco-RIL deal at risk as oil prices fall

The collapse in oil prices has raised the risk that Saudi Aramco’s plan to buy $15-billion stake in Reliance Industries’ (RIL) hydrocarbon business may not go through, US-based brokerage Bernstein has warned.

from Energy-Industry-Economic Times https://ift.tt/2XZuuI6

Govt's Rs 10,000-cr scheme to promote electric vehicles fails to take off in its first year

Of the amount earmarked for the scheme, a sum of Rs 8,596 crore was allocated for demand incentive in the form of direct subsidy. Roughly 10 per cent of this was expected to be spent in the first year

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cK1LeB

Indian refineries scale back output as virus chokes demand

​​Many refineries have curbed output with fuel demand hammered by travel restrictions as the pandemic forced people to stay home and stalled economic activity. India on March 24 announced a three-week lockdown to fight the coronavirus

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2x50hfM

Shell delays decisions on deepwater projects amid oil price rout: source

The Anglo-Dutch company slashed its 2020 spending plans by a fifth as measures to halt the spread of the virus led to an unprecedented drop in oil demand and sent oil prices to their lowest in two decades

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aw2Vcb

Govt readies lifeline for producers as Brent hits 21-year low

Government sources said the oil ministry has proposed a set of measures to help domestic oil producers tide over the oil price crash that has led them to lose money heavily on each barrel they produce and will turn their projects into white elephants

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2x1buxL

First-ever comprehensive geologic map of the moon

For the first time, the entire lunar surface has been completely mapped and uniformly classified. The lunar map, called the 'Unified Geologic Map of the Moon,' will serve as the definitive blueprint of the moon's surface geology for future human missions and will be invaluable for the international scientific community, educators and the public-at-large.

from Solar System News -- ScienceDaily https://ift.tt/2VQ5JLN
via IFTTT

COVID-19: SECI to take pre-bid queries online for 15-MW floating solar plant at SCCL

Earlier this month, SECI had issued the tender inviting bids for setting up of 15 MW floating solar PV power plant at different sites at the SCCL in Telangana

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KsfpXD

Physicists develop approach to increase performance of solar energy

Experimental condensed matter physicists have developed an approach to circumvent a major loss process that currently limits the efficiency of commercial solar cells.

from Solar Energy News -- ScienceDaily https://ift.tt/2xPz550

Assam hikes fuel prices to make up for some of the lockdown losses

The price of petrol increased from Rs 71.61 to Rs 77.46 per litre and of diesel from Rs 65.07 to Rs 70.50 per litre. The revised rates will be effective from April 22 midnight

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KpDher

Physicists develop approach to increase performance of solar energy

Experimental condensed matter physicists have developed an approach to circumvent a major loss process that currently limits the efficiency of commercial solar cells.

from Renewable Energy News -- ScienceDaily https://ift.tt/2xPz550

A clear semiconductor based on tin could improve solar power generation

Mobility is a key parameter for semiconductor performance and relates to how quickly and easily electrons can move inside a substance. Researchers have achieved the highest mobility among thin films of tin dioxide ever reported. This high mobility could allow engineers to create thin and even transparent tin dioxide semiconductors for use in next-generation LED lights, photovoltaic solar panels or touch-sensitive display technologies.

from Solar Energy News -- ScienceDaily https://ift.tt/34TtuH1

Assam hikes fuel prices to make up for some of the lockdown losses

The state government was losing revenue as fuel purchase by consumers had come down drastically and "we had to increase the prices to cover some of the losses", Finance and Health minister Himanta Biswa Sarma said. "We will be doubly hit as international prices have come down and our royalty from OIL India and ONGC will also come down drastically."

from Energy-Industry-Economic Times https://ift.tt/2XWXpwA

Power min asks states to allow construction activities at thermal, hydro plants outside municipal limits

In an advisory to states, the Ministry of Power stated, "It is requested to allow the construction activities in thermal/hydro power generation projects outside the limits of municipal corporations and municipalities as per para 16(i) of the MHA order on April 15"

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2RYTco4

Oil price crash to hurt Indian oil companies profitability

US benchmark WTI prices traded in the negative territory for the first time on April 20 with May future contracts for WTI oil crashing to historic low of -$37.6 per barrel, ahead of expiry day

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cz2JtO

Power ministry asks states to allow construction activities at thermal, hydro plants outside municipal limits

The Ministry of Home Affairs (MHA) has allowed construction of hydro power plants outside the municipal limits in the states from April 20 in its directive issued on April 15, 2020.

from Energy-Industry-Economic Times https://ift.tt/2VUwqiC

ONGC asks govt to waive cess, royalty as plummeting oil prices not enough to cover operating cost

Sources said Oil and Natural Gas Corp (ONGC) management has told the government its average price realization of USD 22 per barrel in April is not enough to cover even the operating cost

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2xONmyR

Repsol starts building first solar farm with workers spaced apart

Traditionally fossil fuel-focused European energy firms are buying or building clean energy plants as part of ambitious targets to cut global emissions

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2RU4n1m

ONGC asks govt to waive cess, royalty as plummeting oil prices not enough to cover operating cost

While the slump in international oil prices to more than two-decade low is good news for fuel consumers, it is spelling economic havoc on oil and gas producers.

from Energy-Industry-Economic Times https://ift.tt/2KromAt

Crude in favourable zone for another excise hike on fuel

Official sources said that the present global oil market could easily allow the government to increase excise duty on petrol and diesel by Rs 3-5 per litre without impacting their pump prices

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cHTfg9

MNRE asks stakeholders for strict compliance of ALMM Order for solar PV modules, cells

The ministry has also extended the effective dates for implementation of ALMM for solar PV modules and solar PV cells to 30 September 2020 due to the COVID-19 pandemic

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Y2vfQu

Total awarded 135 MW of solar power projects in France

The largest project in the lot is a 50 MW ground-mounted solar project at the site of the company's former refinery in Valenciennes in northeast France. It is expected to be completed in 2022

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2RSme91

Two Indian refiners cut Mideast crude purchases in May - Sources

This is the second consecutive month that Indian refiners have sharply cut imports of term crude supplies as space to store excess oil ran out and as stay-home measures to curb the spread of the virus slashed fuel demand.

from Energy-Industry-Economic Times https://ift.tt/2Vteexy

IOC, BPCL resume work on select projects, gear up to ramp up operations post-lockdown

State-owned oil firms have decided to resume as many as 511 projects involving over Rs 42,000 crore of investment with immediate effect. These projects are either in rural areas or have in situ labour for the resumption of work.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cEDIxC

Power industry gives thumbs up to proposed Electricity Act Amendments

According to Khurana, in order to avoid any jurisdictional issues between CERC and the new Electricity Contract Enforcement Authority, bifurcation of their functions should be spelt out clearly

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2yv6vWH

Oil prices recover ground after market turmoil fuels price plunge

After falling into negative territory for the first time in history amid record trading volumes, U.S. crude futures rose 20 per cent as contracts for May delivery expired and the June contract became the front month

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cFzOnU

Wartsila says share of renewable energy up rapidly amid COVID-19

The pandemic has caused demand for electricity to fall across Europe, Wartsila said, according to data it collected and analysed

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3anKWEt

Covid-19: 150 GW renewable energy projects at risk in Asia Pacific

If the coronavirus outbreak evolves into a financial crisis, funding may be harder to secure, leading to reduced competitiveness of renewables.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Y1KzND

Explainer: Why Brent oil won't follow U.S. WTI futures below zero

The frenzied selling was driven by a lack of storage space to hold a glut of crude, meaning traders were willing to pay buyers to take oil off their hands

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2wWDAdt

Covid-19: 150 GW renewable energy projects at risk in Asia Pacific

If the coronavirus outbreak evolves into a financial crisis, funding may be harder to secure, leading to reduced competitiveness of renewables.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bsCk0X

Advancing high temperature electrolysis: Splitting water to store energy as hydrogen

Recently, researchers developed a new electrode material for an electrochemical cell that can efficiently convert excess electricity and water into hydrogen. When demand for electricity increases, the electrochemical cell is reversible, converting hydrogen back into electricity for the grid. The hydrogen could also be used as fuel for heat, vehicles or other applications.

from Fuel Cells News -- ScienceDaily https://ift.tt/3cCQCw6

IOC, BPCL resume work on select projects, gear up to ramp up operations post-lockdown

State-owned oil firms have decided to resume as many as 511 projects involving over Rs 42,000 crore of investment with immediate effect. These projects are either in rural areas or have in situ labour for the resumption of work.

from Energy-Industry-Economic Times https://ift.tt/2Kkbtbp

Renewable energy projects get 30 days extension for commissioning beyond lockdown period

This will be a blanket extension and there will be no requirement of case to case examination, as also there will be no need to ask for any evidence for extension due to lockdown, it said. The ministry has also said that all implementing agencies of the MNRE will treat lockdown due to COVID-19, as force majeure.

from Energy-Industry-Economic Times https://ift.tt/2Y0ySqt

COVID-19: MNRE grants 30-day extension for renewable energy projects beyond lockdown

The ministry said that all its RE implementing agencies will treat lockdown due to COVID-19, as Force Majeure

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VrlERD

COVID-19: MNRE grants 30-day extension for renewable energy projects beyond lockdown

The ministry said that all its RE implementing agencies will treat lockdown due to COVID-19, as Force Majeure

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cEIJX4

MNRE asks stakeholders for strict compliance of ALMM Order for solar PV modules, cells

The ministry has also extended the effective dates for implementation of ALMM for solar PV modules and solar PV cells to 30 September 2020 due to the COVID-19 pandemic

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VQ3RTa

Project developers may use solar equipment of their choice till September: MNRE

Last year, the ministry had set March 31, 2020 as the effective date beyond which the developers would have to source equipment as per the approved list of models and makers of solar modules and cells.

from Energy-Industry-Economic Times https://ift.tt/2VtKP6p

Lockdown: India's avoidable coal imports to be brought down to zero

The government is planning to reduce "this avoidable coal import by 25-30 per cent in the ongoing fiscal', the source said

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aqotqn

Tullow Oil appoints Rahul Dhir as CEO

In a statement, Tullow said Rahul Dhir will take over as the company's chief executive officer and executive director of the group from July 1.

from Energy-Industry-Economic Times https://ift.tt/3cywBGS

Why will India remain largely unaffected by the unreal oil price fall?

At the heart of the problem is weak transportation demand. The exponential growth of the coronavirus pandemic has resulted in grounding of planes and cut in vehicle usage that ultimately collapsed the demand for oil worldwide

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eBzGHX

I do not think you will see another round of negative oil price: Jom Rogers

I do not think oil is going to stay at zero. It was only one night for one special reason.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2yxw6Oq

Despite a global crude oil shock, Indian retail prices of petrol & diesel unchanged for 36th day straight

Petrol price in Delhi continued at Rs 69.59 per litre for the 36th day while diesel prices stood at Rs 62.29 per litre. Petrol and diesel prices are revised daily. Fuel prices are the cheapest among all metros in Delhi due to lower taxes

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cArQMZ

Safeguard duty has not been effective: Ranjit Gupta, CEO, Azure Power

We do not believe that the current safeguard duty scheme has been effective and we are wary that the proposed Basic Custom Duty will have much of an impact as well, said Gupta

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3buHsl2

Safeguard duty has not been effective: Ranjit Gupta, CEO, Azure Power

We do not believe that the current safeguard duty scheme has been effective and we are wary that the proposed Basic Custom Duty will have much of an impact as well, said Gupta

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34SoHp6

SunPower idles factories as coronavirus hits solar demand

The company, which primarily makes panels for the rooftop solar market, idled facilities in France, Malaysia, Mexico, the Philippines and the United States, it said in a filing with the US Securities and Exchange Commission

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VMp8x4

Softbank, O2, Axis Energy, EDEN, Avaada emerge successful bidders for 2 GW solar projects

SoftBank got the maximum 600 MW in the auction conducted by state-run NHPC followed by Axis Energy Ventures (Brookfield promoted) at 400 MW, O2 (Temasek promoted) at 380 MW and EDEN Renewables at 300 MW at a tariff of Rs 2.55 per unit each

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Vq9nNe

Too much oil: How a barrel came to be worth less than nothing

Demand for oil is collapsing, and despite a deal by Saudi Arabia, Russia and other nations to cut production, the world is running out of places to put all the oil the industry keeps pumping out — about 100 million barrels a day

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2XPNCbu

SunPower idles factories as coronavirus hits solar demand

The company, which primarily makes panels for the rooftop solar market, idled facilities in France, Malaysia, Mexico, the Philippines and the United States, it said in a filing with the US Securities and Exchange Commission

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cx5HPC

Despite a global crude oil shock, Indian retail prices of petrol & diesel unchanged for 36th day straight

Petrol price in Delhi continued at Rs 69.59 per litre for the 36th day while diesel prices stood at Rs 62.29 per litre. Petrol and diesel prices are revised daily.

from Energy-Industry-Economic Times https://ift.tt/3aiYnWo

No big profits, but oil companies making record margins

Brent crude oil fell to $27.10 a barrel on Monday, down 46 per cent since the beginning of March as the Covid-19 pandemic has destroyed about 30 per cent of global oil demand

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KxTzlH

Andhra Pradesh plans new export policy for renewable energy projects

The state government is planning to launch an export policy aimed at large-scale promotion of renewable energy projects. The policy will enable the state to export power without obligation to discoms, stated a statement by the energy department on Sunday.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eETUk4

Oil crashes, ends negative for the first time in history

The May U.S. WTI contract fell $55.9, or 306 per cent, to settle at a discount of $37.63 a barrel after touching an all-time low of -$40.32 a barrel. Brent was down $2.51, or 9 per cent, to settle at $25.57 a barrel

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Y3qDdh

Oil PSUs to re-start over Rs 42,000 cr of projects as lockdown restrictions ease

The government had last week allowed makers of information technology hardware, farmers and industries in rural areas to resume operations as it looked to revive the economy that got stalled because of the outbreak of coronavirus pandemic

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2zfyjOZ

Transforming energy systems can create 42 million renewable energy jobs by 2050: IRENA

The report added that while a pathway to deeper decarbonisation requires total energy investment up to $130 trillion, the socio-economic gains of such an investment would be massive

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2xzN52P

Fuel prices remain unchanged for 35 days in unprecedented freeze

Fuel prices have remained unchanged since 17 March even as global oil and commodity prices have collapsed in the past two months.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2RSRfti

The Electricity (Amendment) Bill, 2020: An Overview

Whereas the provisions of the Amendment are of a permanent nature, with long term planning and large-scale impact, it will be interesting to see the strategy of the Ministry of Power in terms of implementation of the new regime.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34Ot4Bu

Avaada Energy bags 2,000 Mw solar power project by NHPC

Other winners in the auction conducted through e-reverse bidding included SoftBank, Axis Energy Ventures (Brookfield promoted), O2 Power (Temasek promoted) and EDEN Renewables

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2XPsxOn

Covid-19: Oil & Gas M&A deal activity collapses amid oil price crash

International upstream M&A deal value dropped to $5.7 billion in the first quarter (Jan-March) this year in comparison to the 3-year Q1 average of around $17.3 billion.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VJGs60

Transforming energy systems can create 42 million renewable energy jobs by 2050: IRENA

The report added that while a pathway to deeper decarbonisation requires total energy investment up to $130 trillion, the socio-economic gains of such an investment would be massive

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bpLsDt

Fuel supply by Coal India to power sector rises 6 per cent to 43 MT in February

The development assumes significance as Coal India Ltd (CIL), which accounts for over 80 per cent of domestic coal output, has ample availability of dry stock. In February 2019, CIL supplied 40.10 million tonnes (MT) to the power sector, according to the recent government data.

from Energy-Industry-Economic Times https://ift.tt/2RUiyUh

ABB Power Grids wins Rs 165 crore order from Indian Oil

ABB Power Grids has been awarded the project to ensure reliable grid connection at its Barauni refinery in Bihar. It has bagged Rs 165 crore order from state-run refiner Indian Oil Corporation.

from Energy-Industry-Economic Times https://ift.tt/2Vo7PmU

Force Majeure should have built-in relief for incurred costs: Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power Renewables

"The entire industry, not just Tata Power Solar is importing Chinese equipment and since we are an EPC contractor, we are importing even for clients"

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2S7U5Lp

INNOVATION: DST scientists use fish gills to make effective rechargeable batteries

This bio-inspired carbon nanostructure can help overcome the bottleneck in the realisation of several renewable energy conversion and storage technologies such as fuel cell, biofuel cell, and metal−air batteries

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2XM5PGV

Covid-19: India must use power exchanges to manage demand variation, says IEX

The flexibility of trading in blocks of 15-minutes helps the ecosystem stabilise demand-supply schedule using IEX's forecasting techniques on a real-time basis.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2KhqoCW

Oil prices fall further, WTI hits $15/barrel on low demand

The fall in oil prices comes on the back of weak demand amid the coronavirus crisis. The pandemic has almost brought the global travel industry to a halt, limiting demand for the commodity which has fallen by almost a third this year

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2za0Jda

Coronavirus accelerates decline of slumping coal industry

Coal demand has tanked over the past decade amid competition from cheap natural gas and expanded renewable energy sources

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2za0FtW

Cabinet likely to okay package for power discoms reeling under revenue loss in lockdown

The package may also include steps like directions to the state and central power regulators to reduce electricity tariff, the source sai

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3coYd18

CIL seeks lower railway freight rate

The lockdown has reduced demand for coal, leaving the company with 75 million tonnes of stocks that it wants to reduce

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2VVwzCr

Renewable energy companies unlikely to restart construction post April 20

Mobilising the team will be a challenge. If people have gone across the country, they are not going to come back, a solar developer said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3cIyJMv

Force Majeure should have built-in relief for incurred costs: Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power Renewables

"The entire industry, not just Tata Power Solar is importing Chinese equipment and since we are an EPC contractor, we are importing even for clients"

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34VtG8z

New discovery settles long-standing debate about photovoltaic materials

Scientists have theorized that organometallic halide perovskites -- a class of light harvesting 'wonder' materials for applications in solar cells and quantum electronics -- are so promising due to an unseen yet highly controversial mechanism called the Rashba effect. Scientists have now experimentally proven the existence of the effect in bulk perovskites.

from Solar Energy News -- ScienceDaily https://ift.tt/3eD2bF4

PFC, REC to directly repay discom loans

The government will not offer the loans to distribution companies under working capital heads and state guarantees to these loans will be within the powers of state legislature

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2RLG9q7

US crude falls below $15 a barrel as virus throttles demand

US crude crashed to below $15 a barrel on Monday, its lowest level for over two decades, as concerns about a virus-triggered demand shock and lack of storage eclipsed an output cut deal.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2wSBvzf

Renewable energy companies unlikely to restart construction post April 20

Mobilising the team will be a challenge. If people have gone across the country, they are not going to come back, a solar developer said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3brLMBy

PFC, REC to directly repay discom loans

The government’s move to give large loans to power distribution companies to help them clear ₹88,000-crore power plant bills would be finalised in a couple of days as it would no longer require the approval of Union Cabinet.

from Energy-Industry-Economic Times https://ift.tt/3aogmL3

Renewable energy companies still lack confidence to restart

Project developers said labour shortage is a worry and village panchayats may not allow external labour to enter as there would be a virus risk.

from Energy-Industry-Economic Times https://ift.tt/3anapOu

MNRE steps up efforts to attract investment from firms shifting base from China

MNRE has set up Renewable Industry Facilitation & Promotion Board to facilitate investment in the sector

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aiodJV

MNRE urges states to provide incentives to manufacturers

The proposal has so far attracted interest from Madhya Pradesh, Odisha and the Tuticorin Port Trust in Tamil Nadu to set up designated equipment manufacturing parks in the country.

from Energy-Industry-Economic Times https://ift.tt/2XNmav5

Cabinet likely to okay package for power discoms reeling under revenue loss in lockdown

The Union Cabinet is likely to approve next week a package for discoms reeling under revenue loss due to lower power demand amid the coronavirus lockdown, including setting up of an alternative investment fund to pay off their dues towards electricity generation companies, a source said.

from Energy-Industry-Economic Times https://ift.tt/2z5G8GS

BPCL Kochi Refinery takes steps to maintain petroleum products supply

The crude oil processing has been reduced now to around 60 % in view of the lower product demand. To meet the rising demand for LPG, BPCL had taken steps to improve LPG production in its refineries by appropriately modifying operations.

from Energy-Industry-Economic Times https://ift.tt/3ew29Pj

GAIL says in readiness to start project execution post lockdown

"In order to kick start the crucial infrastructure projects to enable expansion of the gas based economy, GAIL along with its subsidiary and joint venture companies has chalked out catch-up plans for various locations and work fronts to ensure timely completion and avoid any slippages," the company said in a statement here.

from Energy-Industry-Economic Times https://ift.tt/3acI3q8

MNRE urges states to set up renewable energy equipment parks, make India global hub

"MNRE has initiated action in big way towards setting up new hubs for manufacturing renewable energy equipments in the country to meet both domestic and also cater to global demand," the ministry said in a statement.

from Energy-Industry-Economic Times https://ift.tt/2VFkEZ4