Jet fuel price slashed by Rs by Rs 1,887 per kilolitre

from Energy-Industry-Economic Times https://ift.tt/31yrh2S

India's power consumption grows 24.35% in March

During March this year, peak power demand touched the highest level of 186.03 GW on March 11, 2021, and recorded a growth of 9.3 per cent over 170.16 GW a year ago.

from Energy-Industry-Economic Times https://ift.tt/2PQ1AIf

India's annual electricity use down first time in at least 35 years

India's power generation fell 0.2% during the year 2020/21 compared with the previous year, the data showed, mainly due to the imposition of lockdowns that resulted in a decline in electricity production for six straight months ending in August.

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Power use often becomes theft, puts industrial units in trouble

A Bescom official admitted the utility has received several complaints on this, but has not been able to do much as section 135 of the Electricity Act, 2003 is worded that way. The vigilance teams invoke this section as it can inflict maximum damage, but it throws a well-run industrial unit off the gear for weeks or months.

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Andhra Pradesh's single largest floating solar project launched at NTPC in Vizag

The project is being developed in its own resorvoir spread over 150 acres and the first 5 MW block was completed and inaugurated by Diwakar Kaushik, head of the Simhadri unit.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fDT1uW

South African start-up raises $1.4 million in crowd sale of Zimbabwe solar project

Investors were invited to purchase individual solar cells in the project. In exchange, they will earn a rental income in cryptocurrency from the electricity generated.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2ObF7VP

Jet fuel price cut by 3%

Aviation turbine fuel (ATF) price was reduced by Rs 1,887 per kilolitre, or 3 per cent, to Rs 58,374.16 per kl in the national capital, according to a price notification of state-owned fuel retailers.

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Gas price for ONGC remains at decade low of $1.79, falls 11% for Reliance-BP

The government on Wednesday left the price of natural gas produced by companies such as ONGC unchanged at a decade-low rate of USD 1.79 while the same for difficult fields like the one operated by Reliance-BP was cut by 11 per cent.

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

Andhra Pradesh's single largest floating solar project launched at NTPC in Vizag

The project is being developed in its own resorvoir spread over 150 acres and the first 5 MW block was completed and inaugurated by Diwakar Kaushik, head of the Simhadri unit.

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

In major relief, Shapoorji Pallonji Group's restructuring package cleared by KV Kamath Committee

Shapoorji Pallonji and Company Private Ltd (SPCPL), the holding company of the 150-year-old SP Group, had sought the OTR for its obligations under the Covid-19 relief framework regulations of the Reserve Bank of India (RBI).

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PFC, REC reduce lending rates by up to 2 percentage points from Apr 1

This initiative was undertaken to offer competitive rates, in line with the rates being offered by peers in the market, it said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fuZR5Y

Domestic natural gas price kept unchanged at $1.79 per mmBtu for April-September

Oil producers such as ONGC, Oil India, Reliance, and BP have been clamouring for higher prices as they believe low prices discourage investments in new gas production.

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

Apple to build battery-based solar energy storage project in California

Apple said the project will store 240 megawatt-hours of energy, or enough to power more than 7,000 homes for one day.

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Cost of domestic LPG cylinder reduced by Rs 10

This is the first reduction in prices that have risen by Rs 225 since November. A refill will now cost Rs 809 per cylinder in Delhi. Most cooking gas customers no more receive subsidies.

from Energy-Industry-Economic Times https://ift.tt/3m7o6sa

Benefits of softening in international oil prices will be quickly passed on to consumers: Petroleum Secy

Domestic prices of petrol, diesel, and cooking gas are linked to international rates of the respective fuels that seem to be all trending downwards now.

from Energy-Industry-Economic Times https://ift.tt/3sGHGy1

The global race to develop 'green' hydrogen

Europe in particular is anxious to get a handle on the new and still costly fuel, having missed the boat on solar and battery technology, which is dominated by China.

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

China’s mega-refineries are throttling other Asia oil processors

China’s refining capacity has nearly tripled since the turn of the millennium and the International Energy Agency forecasts it will overtake the U.S. this year

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

Rooftop solar combined with batteries, EVs is key for India: IEEFA

It added that policymakers need to make the technical integration of these distributed energy resources a priority

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3m5uK2p

The global race to develop 'green' hydrogen

Europe in particular is anxious to get a handle on the new and still costly fuel, having missed the boat on solar and battery technology, which is dominated by China.

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

Sterling and Wilson Solar’s arm wins Rs 890-crore order in United States

The project is scheduled to be commissioned by the fourth quarter of financial year 2021-22

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Google, 23 others urge round-the-clock clean energy for federal facilities

Google made a round-the-clock clean energy by 2030 pledge last year, meaning it must figure out how to power its data centers when the wind is not blowing or the sun is not shining

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

BPCL dealers seek exit window before privatisation

Bharat Petroleum Corporation Ltd (BPCL) petrol pump owners have sought the provision of an exit window before India’s second-largest state-run oil refiner and fuel retailer is privatised.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/39trit3

Italy's Saras plans to spin off renewable energy business

Saras, which operates one of Italy's biggest refineries in Sardinia, is developing a clean energy business that includes wind and solar plants, biofuels and hydrogen

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3rE3glB

Energy trader Gunvor to cut emissions by 40 per cent, sets up renewables arm

Its new unit will invest in biofuel, renewable power projects such as solar and biomass, and the commercialisation of alternative fuels like hydrogen and ammonia, it said

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3djfn2c

1st all-electric Kia car can do 500 kms on single charge

The EV6 is the first of 11 fully electric vehicles (EV) Kia plans to roll out by 2026 as part of its EV drive

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2QI0Pl1

Xiaomi to invest $10 billion in new EV unit over 10 years

The firm will initially invest 10 billion yuan ($1.52 billion) in the wholly-owned subsidiary, with a total investment goal of $10 billion over the next ten years

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3m4MVoV

Meeting 175-GW renewable energy target: Why India needs to pull up its socks

India needs to invest Rs 2.6 lakh crore by December 2022 to meet its 175 GW RE target

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/39rRDIc

Meeting 175-GW renewable energy target: Why India needs to pull up its socks

India needs to invest Rs 2.6 lakh crore by December 2022 to meet its 175 GW RE target

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/39u2gdp

India, United States to revamp energy ties; to focus on cleaner energy sectors

The two nations will intensify efforts to take advantage of advanced US technologies and India's rapidly growing energy market, the statement said

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Tata Power to develop 60 -MW solar project for Gujarat Urja Vikas Nigam

Tata Power had won this capacity in a GUVNL bid in January this year

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Tata Power bags orders to develop 60 MW solar project in Gujarat

The energy will be supplied to GUVNL under a power purchase agreement (PPA), valid for a period of 25 years from scheduled commercial operation date, the company said

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31vKz8T

Cairn to file lawsuits to pierce corporate veil, seize PSU assets to enforce $1.2 billion arbitration award

These assets can potentially be non-diplomatic ones and those owned by entities or companies controlled by the Indian government in those nine countries

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3u0cHNE

HPCL following repealed law to make scheme for allotting dealerships to disabled: Plea in HC

The plea said that the oil-PSU was adhering to the older Persons with Disabilities Act of 1995 which has been repealed and replaced by the Rights of Persons with Disabilities Act, 2016.

from Energy-Industry-Economic Times https://ift.tt/3dg0fCN

India, United States to revamp energy ties; to focus on cleaner energy sectors

The two nations will intensify efforts to take advantage of advanced US technologies and India's rapidly growing energy market, the statement said

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

Petrol price cut by 22 paise, diesel by 23 paise

Fuel prices were reduced for the first time in six months on March 24, and thereafter on March 25 as well after international oil prices fell on prospect of speedy recovery in consumption getting clouded by the second wave of COVID-19 cases.

from Energy-Industry-Economic Times https://ift.tt/39rtilT

Torrent Gas signs pact to take over Sanwariya Gas

"The Sanwariya Gas acquisition is our fourth acquisition in the CGD sector in three years and is a demonstration of Torrent's commitment to contributing towards the achievement of Prime Minister's vision of creating a gas-based economy and increasing the share of natural gas in the Indian energy basket," said Jinal Mehta, Director, Torrent Gas.

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Coal India clocks record single day rake loading

It added that till 26 March, CIL loaded an average of 312 rakes per day recording 24.6 per cent growth compared to the same date of March last year when the loading was 250.3

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3dhy9an

Petrol prices down 19-22 paise across metros

In the other key cities of Mumbai, Chennai and Kolkata, the fuel was priced at Rs 96.98, Rs 92.58 and Rs 90.77 per litre, respectively, against the previous levels of 97.19, Rs 92.77 and Rs 90.98

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/39tK8k1

Solar installations on pace for biggest growth in five years, IHS Markit says

IHS Markit said it expects mainland China, the world's biggest manufacturer of photovoltaic products to surpass 60 GW in solar installations in 2021, while the U.S. market is expected to install 27 GW

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3db56F6

Can India catch-up with the rest of Asia in EV production?

China is by far the most advanced country in Asia with regards to the production of electric cars. Globally, with the exception of Tesla, many industry observers say that it is also ahead of the US.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3m7goP4

New global solar PV installations to increase 27% to record 181 GW this year -IHS Markit

Even though prices for solar PV modules are higher than last year, along with long delivery times and rising freight costs, demand should grow in the second half of this year.

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

Global reinsurers stare at massive losses from Suez Canal blockage, Fitch says

The 400-metre (430-yard) long Ever Given got wedged diagonally across the canal in high winds early last Tuesday, blocking the path for hundreds of vessels waiting to transit the shortest shipping route between Europe and Asia.

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

Domestic fuel rates expected to fall as Covid surge dampens crude oil cost

The fall in oil prices comes after a blockage at strategic Suez Canal spooked global Impex industry, while a massive wave of Covid-19 infections continued to impact large parts of Europe.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31yMV77

AGEL acquires 100 per cent stake in Spinel Energy and Infrastructure

This acquisition is part of AGEL's overall growth strategy where the company is planning to build a capacity of 25 GW by 2025.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3m21cTf

Karnataka: 20 per cent of daily power needs met by solar energy

Solar energy plants meet about 20 per cent of Karnataka’s daily power requirements as the overall share of renewables continues to climb. At 7,346 megawatts (MW), the state has the largest installed capacity of solar power in the country, and the biggest local plant is in Pavagada (Tumakuru).

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

Failure to settle tax rendered 128 solar power plants at police establishments non-functional: CAG

The CAG has asked the J&K Home Department to settle works contract tax (WCT) on priority and ensure rectification of defects in the non-functional plants, so that the investment made is utilised.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3rwL0ud

Sinopec aims for carbon neutrality by 2050, plans pivot to hydrogen

As China's largest hydrogen producer, Sinopec will focus on fossil fuel-based hydrogen production over the next five years and also start introducing "green" hydrogen using solar and wind power, Chairman Zhang Yuzhuo said in an earnings call.

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India can hold electricity-sector emissions by increasing clean power capacity: Report

A new study recently published in PNAS from researchers at Berkeley Lab, University of California, Santa Barbara, and University of California, Berkeley, shows India can aim even higher with its renewable energy goals.

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Biden targets big offshore wind energy expansion to fight climate change

The plan is part of Biden's broader effort to rapidly transition the U.S. economy to net zero greenhouse gas emissions to fight climate change

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

Global wind industry could install almost 1 TW of new capacity by 2030, report says

China's target of having 1,200 GW of wind and solar by 2030 could result in 408 GW of new wind capacity from 2021 to 2030, almost half of the global total, the report said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Pg1jP3

New global solar PV installations to increase 27% to record 181 GW this year -IHS Markit

Even though prices for solar PV modules are higher than last year, along with long delivery times and rising freight costs, demand should grow in the second half of this year.

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

"She's free": Traffic in Suez Canal resumes after stranded ship refloated

The 400-metre (430-yard) long Ever Given became jammed diagonally across a southern section of the canal in high winds early last Tuesday, halting traffic on the shortest shipping route between Europe and Asia.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3u1uaFu

Import duty won’t make solar tariffs go through the roof, say experts

​​At present, India levies a safeguard duty of 14.5% on solar components imported from abroad while there is no customs duty

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3w7Offa

Renewable Power Capital enters venture to develop 3.4 GW of Spanish solar

RPC will be a 50:50 joint venture partner with Spanish photovoltaic developer Benbros Solar S.L.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3w89Hk5

India, U.S agree to revamp strategic partnership to focus on clean energy

The two countries will intensify efforts to take advantage of advanced U.S. technologies and India's rapidly growing energy market

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2O7vrf0

Domestic fuel rates expected to fall as Covid surge dampens crude oil cost

The fall in oil prices comes after a blockage at strategic Suez Canal spooked global Impex industry, while a massive wave of Covid-19 infections continued to impact large parts of Europe.

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

Parliamentary panel asks MNRE to increase solar capacity addition target under CPSU scheme

"Since only a few CPSUs have participated in the scheme till date, the Ministry should take pro-active steps and encourage more CPSUs/government organizations to participate in the scheme," said the Committee.

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

Import duty won’t make solar tariffs go through the roof, say experts

​​At present, India levies a safeguard duty of 14.5% on solar components imported from abroad while there is no customs duty

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sBDa3S

Adani, Torrent submit EoIs for South East UP Power Transmission Company

​​The transmission infrastructure is partially complete. The Madridbased company has built lines and sub-stations within a 600 km stretch near Aligarh, in Uttar Pradesh, which are already operational.

from Energy-Industry-Economic Times https://ift.tt/3m0iQXn

Import duty won’t make solar tariffs go through the roof, say experts

​​At present, India levies a safeguard duty of 14.5% on solar components imported from abroad while there is no customs duty. India is chasing an aggressive target of building 175 gigawatts of renewable energy capacity — including 100 gw of solar energy — in the country by 2022.

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

What happened to Suez Canal ship? How a desert wind blew $10 billion of global trade off course

Its grounding would not only lay bare the intricacies of navigating a man-made trench of water in a vessel the size of the Eiffel Tower, but also the fragility of a global network of markets and economies that takes for granted the flow of goods through it.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3srn8JM

Rooftop solar power project fails to take off at Jaipur Metro Rail

Despite initiating twice, the project to make Jaipur Metro Rail Corporation (JMRC) self-sufficient in energy by installing rooftop solar plants, failed to take off in absence of the state government’s will.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3djyn0K

Saudi Arabia unveils campaign to tackle climate change, cut emissions

The OPEC kingpin seems an unlikely champion of clean energy, but the "Saudi Green Initiative" aims to reduce emissions by generating half of its energy from renewables by 2030, de facto ruler Crown Prince Mohammed bin Salman said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31qYQDW

AGEL acquires 100 per cent stake in Spinel Energy and Infrastructure

This acquisition is part of AGEL's overall growth strategy where the company is planning to build a capacity of 25 GW by 2025.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/39m3Qht

INNOVATION: Harvesting energy from radio waves to power wearable devices

A team of researchers have developed a way to harvest energy from radio waves to power wearable devices.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3u14jO1

IndiGrid acquires NER-II Transmission from Sterlite for Rs 4,625 crore

IndiGrid completed the largest transmission project deal by acquiring NER-II Transmission Ltd at an enterprise value of Rs 4,625 crore, the company said in a statement.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3floO3W

Adani Transmission to acquire transmission asset from Essel Group for an enterprise value of Rs 3,370 crore

With this acquisition, ATL’s total portfolio will be at 17,200 circuit km (ckt km), out of which around 12,350 ckt km is operational and 4,850 ckt km is in various stages of execution.

from Energy-Industry-Economic Times https://ift.tt/3sv4xwz

India terms Saudi Arabia response to call for more oil supplies 'undiplomatic'

Pradhan has criticised OPEC and Saudi output cuts aimed at supporting prices and suggested India will have to look for energy alternatives to Gulf oil, its main source of crude.

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

NHPC, BHU join hands to research on hydrogen energy development

The NHM initiative will capitalise on one of the most abundant elements on earth (Hydrogen) for a cleaner alternative fuel option

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100 per cent green energy option at 66 paise extra for a unit in Mumbai

MERC’s order said all users (extra high voltage, high voltage and low voltage) will be eligible to opt for 100% renewable energy (RE).

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

ReNew Power commissions 300-MW wind farm in Gujarat

The project would provide clean power to Haryana and Orissa at a rate of Rs 2.44 per unit

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3csV6rC

All-India energy demand to be higher in January-March: India Ratings and Research

Ind-Ra has published the March 2021 edition of its credit news digest on the power sector. The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by Ind-Ra.

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JSW Energy arm plans to raise $750 million via green bonds

Funds up to $750 million will be raised through issuance of non-convertible, senior, secured, fixed rate green bonds in the international markets, subject to market conditions and receipt of necessary approvals by JSWHEL.

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

BPCL sells 54.16% stake in NRL to OIL; 4.4% to EIL

OIL bought a 54.16 per cent stake to raise its shareholding in the refinery to 80.16 per cent, the company said in stock exchange filings.

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

Suez blockage sets shipping rates racing, oil and gas tankers diverted away

The 400-metres long Ever Given has been stuck in the canal since Tuesday and efforts are under way to free the vessel although the process may take weeks amid bad weather

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3ru5hR8

ReNew Power commissions 300-MW wind farm in Gujarat

The project would provide clean power to Haryana and Orissa at a rate of Rs 2.44 per unit

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3w10iL7

IndiGrid acquires NER-II Transmission for Rs 4,625 crore

IndiGrid completed the largest transmission project deal by acquiring NER-II Transmission Ltd at an enterprise value of Rs 4,625 crore, the company said in a statement.

from Energy-Industry-Economic Times https://ift.tt/3rjt9Ha

Centre can ask 10 pc more share in profits from Barmer block to extend PSC with Vedanta: HC

With these observations, the court set aside a single judge order of May 31, 2018 directing the government to extend the tenure of the contract in question for a period of 10 years

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

India terms Saudi Arabia response to call for more oil supplies 'undiplomatic'

"I politely disagree with that kind of statement. Certainly India has its own strategy, when and how to use our own storage, and we are conscious about our interests," Pradhan said at an event. Hit hard by rising oil prices, Pradhan has repeatedly called on the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to ease supply curbs.

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

U.S. pledges to slash solar energy costs by 60 per cent in a decade

The cost of generating power from the sun has dropped more than 80 per cent in the last decade, making it competitive with plants powered by fossil fuels like coal and natural gas.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/39yVZxl

Reliance-Aramco deal likely if crude oil averages USD 65

"A fall in crude price and Aramco's USD 75 billion annual dividend commitment have delayed the RIL O2C stake buy in our view," research firm Jefferies said. "Crude at USD 65 per barrel is sufficient for the transaction in our view."

from Energy-Industry-Economic Times https://ift.tt/2PcyR0i

Centre can ask 10% more share in profits from Barmer block to extend PSC with Vedanta: HC

The court also said that Vedanta does not have the right to demand extension of the PSC on unilateral terms that suit its interest, overlooking the interest of the State, which is a trustee of the natural resources under a Constitutional mandate.

from Energy-Industry-Economic Times https://ift.tt/2P0YS2V

HC sets aside single judge order asking Govt to extend oil contract with Vedanta till 2030

The central government had claimed that the PSC with Vedanta will fall under the new policy for such contracts. The contention was opposed by the company

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fk9PHk

India can increase renewable target of 2030: Researchers

The Indian government set a target of 450 gigawatts of renewable energy capacity by 2030. For comparison, the country's total energy generation capacity today is about 380 gigawatts, out of which 90 gigawatts are of renewable energy, not including large hydropower stations.

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

Sungrow ups the ante riding the wave of “Vocal for Local”

Prior to this, India had set the ball in motion and had launched its ambitious scheme “Make in India” to promote local manufacturing within the country

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3lR4zfH

HC sets aside single judge order asking government to extend oil contract with Vedanta till 2030

A bench of Chief Justice D N Patel and Justice Jyoti Singh allowed the central government's appeal against the single judge's order of May 31, 2018 order in favour of Vedanta, formerly Cairn India.

from Energy-Industry-Economic Times https://ift.tt/3d767yf

Wind industry warns not building enough to curb global warming

And the current rate of wind power deployment will not be enough to reach net-zero emissions by the middle of this century

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

Wind industry warns not building enough to curb global warming

And the current rate of wind power deployment will not be enough to reach net-zero emissions by the middle of this century

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

Oil prices rebound on fears Suez Canal blockage may last weeks

Brent crude was higher by 43 cents, or 0.7%, at $62.38 a barrel by 0028 GMT, after dropping 3.8% on Thursday.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31hAoF3

BPCL disinvestment process moving on well, to conclude sale by Sept-end: DIPAM Secy

In keeping with the Assam Peace Accord, the government had decided to keep Numaligarh Refinery Ltd (NRL) in the public sector. As part of this, BPCL was to sell its entire 61.65 per cent stake to state-owned firms

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/39g1Abn

IndiGrid’s Rs 1,284 cr-rights issue will create more room for acquisitions: CEO

The units are being offered on a rights basis to the eligible unitholders in the ratio of one lot for every five lots of 1,701 units, held in the InvIT.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fni05A

170 GW of renewable energy capacity either operational or under development: R K Singh

The statement assumes significance in view of India's ambitious target of having 175 GW installed renewable energy capacity by December 2022.

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Haryana announces subsidy on rooftop solar power plants

A subsidy of 20 per cent subsidy will be for four to 10 KW for installing solar system from listed firms.

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Suez Canal suspends traffic as ship stuck like 'beached whale'

The 400 m (430 yard) Ever Given, almost as long as the Empire State Building is high, is blocking transit in both directions through one of the world's busiest shipping channels for oil and grain and other trade linking Asia and Europe.

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CG Power and Industrial Solutions' board okays liquidation of CG Sales Network Malaysia

In another regulatory filing, it said the board has approved the appointment of P Varadarajan as company secretary and compliance officer and key managerial personnel of the company from April 1, 2021.

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

BPCL disinvestment process moving on well, to conclude sale by Sept-end: DIPAM Secy

The government is selling its entire 52.98 per cent stake in BPCL in the nation's biggest privatisation till date. Vedanta Group and private equity firms Apollo Global and I Squared Capital's Indian unit Think Gas have put in an expression of interest for buying the government's stake.

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

Blockage of shipping lines in the Suez Canal and ramifications for the Strait of Hormuz

Asian crude importers need to proactively consider remediation plans to safeguard their energy security needs should a military misadventure render the Strait of Hormuz unnavigable.

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

India may miss renewable energy capacity target: GWEC report

This is despite the fact the world's fourth largest energy consumer is on-track to achieve its Nationally Determined Contributions (NDC) target and contributing a fair share of the global effort to limit climate change.

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China to step up financial support for wind and solar power

In early March, China set a modest five-year growth target for nuclear power generation capacity and promised quicker development of alternative energy source

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Global wind capacity need to at least double every yr to limit warming-GWEC

New wind capacity rose by 53 per cent last year from the year before despite challenges due to the COVID-19 crisis

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Global wind power growth must triple over next decade to achieve net zero target: GWEC

It added that 2020 was the best year in history for the global wind industry with 93 GW of new capacity installed

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JICA signs loan agreement with TCCL for climate change project

This loan will be provided through Private Sector Investment Finance scheme of JICA and is co-financing with the Sumitomo Mitsui Banking Corporation (SMBC)

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India may miss renewable energy capacity target: GWEC report

This is despite the fact the world's fourth largest energy consumer is on-track to achieve its Nationally Determined Contributions (NDC) target and contributing a fair share of the global effort to limit climate change.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31gBQav

Petrol, diesel prices fall for 2nd consecutive day

This is the second reduction in petrol and diesel prices in as many days in 2021

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RWE to invest $4.1 billion in flagship UK offshore wind park

The 1.4 gigawatt project, to be located 195 kilometres from Britain's North East coast, represents RWE's largest offshore farm and is expected to be completed by the fourth quarter of 2026.

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UK government announces landmark deal in green energy transition

High-skilled oil and gas workers and the supply chain will not be left behind in the transition to a low carbon future, the Britain government vowed on Wednesday as a landmark North Sea Transition Deal is agreed with industry.

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Andhra HC seeks details of discom dues to renewable energy companies

The division bench headed by chief justice Arup Kumar Goswami heard a petition filed by solar and wind energy generation companies challenging the orders given by the single bench of the high court permitting the Regulatory Commission to revise the unit charge of power purchases.

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Petrol and diesel prices fall further, second cut on run

Prices which last month hit record highs including crossing Rs 100 mark in some places in Rajasthan, Maharasthra and Madhya Pradesh, had been on freeze since February-end when elections to five states including West Bengal, Assam, Tamil Nadu and Kerala were announced.

from Energy-Industry-Economic Times https://ift.tt/3reSwd6

Andhra HC seeks details of discom dues to renewable energy companies

The division bench headed by chief justice Arup Kumar Goswami heard a petition filed by solar and wind energy generation companies challenging the orders given by the single bench of the high court permitting the Regulatory Commission to revise the unit charge of power purchases.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sn4Uci

JSW Energy plans $1 billion overseas bond issue for clean energy biz

The company will likely use the proceeds to fund the acquisition of solar projects in South India and to refinance high-cost rupee debt

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

RERC relents, net metering benefits to stay till June 30 till further decision

RERC said it is clarified that ‘Rooftop and Small Solar Grid Interactive Systems’ commissioned under net metering agreements up to June 30, 2021, will continue to avail the net metering benefits.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3tQ98cS

JSW Energy plans $1 billion overseas bond issue for clean energy biz

The company will likely use the proceeds to fund the acquisition of solar projects in South India and to refinance high-cost rupee debt

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Fuel prices slashed: Petrol to be cheaper by 21 paise, diesel by 20 paise

from Energy-Industry-Economic Times https://ift.tt/31ded2K

From a commodities trader to India’s second-wealthiest person, the incredible story of Gautam Adani

Adani has plans for defense manufacturing, heeding Modi’s calls to help cut reliance on expensive imports. He is also scaling up production of solar panels and modules, again under Modi’s “Make in India” appeal.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31jkWIi

India justifies designs of hydropower projects in Jammu and Kashmir as Pakistan objects

The Pakal Dul Hydro Electric Project (1,000 MW) is proposed on the Marusudar river, a tributary of the Chenab river, in Kishtwar district in Jammu and Kashmir. The Lower Kalnai project is proposed in Kishtwar and Doda districts.

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Tata Sons restores salaries, could offer pay hikes soon

Compensation of top management executives is being restored by the end of this month and pay increases are being finalised across group companies.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3tT7bfG

Adani Green set to acquire 75 MW solar projects from Sterling & Wilson

It added that AGEL has signed definitive agreements with Sterling & Wilson to acquire 100 per cent stake in two SPVs

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/399mWr9

Study shows why India should increase renewable energy target of 2030

Researchers at UC Santa Barbara have just released a study that demonstrates why India should double down on renewables.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fb1J3Y

India needs to generate 83 per cent power from renewable means

The study highlights that to achieve net-zero by 2050 the share of electricity in India’s industrial energy use must rise three-fold, from 20.3 per cent in 2018 to 70 per cent in 2050

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3vShKS5

ABB achieves 5GW milestone of delivering solar plant automation solutions in India

It addresses the needs of the renewable energy industry and supports ABB's efforts to develop technologies that help in securing a sustainable future

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31e0qck

Centre enables discoms to relinquish legacy PPAs

A senior official in one of the distribution companies said the vintage PPAs had exit condition of 25 years or useful life of the project, whichever is later. Power distribution companies in Delhi, for example, have been seeking to surrender PPAs with state and centre-run plants citing high costs.

from Energy-Industry-Economic Times https://ift.tt/3vXKp8f

Prices of petrol, diesel cut by 18 paise and 17 paise respectively

Despite bouts of rate freeze, prices had gone up by a record Rs 21.58 per litre on petrol in the last one year. On diesel prices had increased by Rs 19.18 a litre

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3lM7kir

Not possible to bring petrol, diesel under GST for next 8-10 years: Sushil Modi

The statement assumes significance in view of the rise in petrol price for the past over one year which even touched Rs 100 per litre in some states. In the first reduction in rates in over a year, petrol price on Wednesday was cut by 18 paise per litre and diesel by 17 paise a litre as international oil prices tumbled to the lowest since early February.

from Energy-Industry-Economic Times https://ift.tt/3u2Haef

NLC India-Coal India JV to invest in 3,000 MW solar power projects

Integrated lignite mining-cum-power generation company NLC India Ltd and Coal India Ltd have plans to get into 3,000 MW of solar power generation, a top NLC India official said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fa1IgA

Ready to discuss bringing petrol, diesel under GST: FM Nirmala Sitharaman

taxes make up for 60 per cent of the present retail price of petrol of Rs 91.17 a litre in Delhi.

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

Adani Green set to acquire 75 MW solar projects from Sterling & Wilson

It added that AGEL has signed definitive agreements with Sterling & Wilson to acquire 100 per cent stake in two SPVs

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sk2TO5

ONGC for equity partnerships with global companies in tough fields

For years ONGC has struggled with some of its fields located in deep-sea or high-pressure or high-temperature areas, which require special skills and advanced technology to develop, leading to delays or suboptimal outcome. The company is now looking for allies that can help plug such gaps.

from Energy-Industry-Economic Times https://ift.tt/3cgH3p3

First Guyanese crude cargo to India on its way to Mundra Port

India has asked refiners to speed up the diversification of imports to cut their dependence on Middle Eastern crudes after OPEC+ decided this month to extend production cuts through April, two sources said.

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

Relief for consumers: Prices of petrol, diesel cut by 18 paise and 17 paise respectively

Finance minister Nirmala Sitharaman, on Tuesday, said that she would be glad to discuss the issue of bringing fuel prices under the ambit of GST in the next GST Council meeting.

from Energy-Industry-Economic Times https://ift.tt/3cij3Cd

Petrol and diesel prices to go down if crude maintains current downward trajectory

Petrol and diesel prices to go down if crude maintains current downward trajectory

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

India’s carbon neutral aim hinges on top emitters using Hydrogen

Top steelmaker China -- the biggest polluter -- has already set a 2060 net-zero target, while Japan aims to reach that goal by 2050. India’s push to cut emissions will depend heavily on the steel sector, which is the biggest carbon dioxide emitter among its industries.

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

China to inspect renewable power consumption to improve offtake

China, the world's biggest emitter of greenhouse gases, has pledged to bring emissions to a peak by 2030 and propel solar and wind power generating capacity to 1,200 gigawatts (GW) from 535 GW in 2020.

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

Study shows why India should increase renewable energy target of 2030

Researchers at UC Santa Barbara have just released a study that demonstrates why India should double down on renewables.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3tSJ3d1

NLC India-Coal India JV to invest in 3,000 MW solar power projects

Integrated lignite mining-cum-power generation company NLC India Ltd and Coal India Ltd have plans to get into 3,000 MW of solar power generation, a top NLC India official said.

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

Solar panels will be installed in 183 primary schools: Punjab Minister

Education Minister Vijay Inder Singla said that the Education Department is making continuous efforts to further strengthen the infrastructure in the government primary schools.

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Yemeni women use solar to light up homes, one village at a time

In a conservative country wracked by hunger and poverty amid a devastating war that has destroyed most infrastructure, 36-year-old Iman Hadi and her burqa-clad colleagues are achieving what many would have thought unthinkable.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31dWI28

India files appeal against Cairn arbitration award

The appeal against a three-member tribunal at the Permanent Court of Arbitration at The Hague comes weeks before UK Prime Minister Boris Johnson's visit to India.

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

Oil sector PSUs to set up InvITs for asset monetisation, resource mobilisation

As part of the exercise, gas transportation utility Gail India is expected to set up the gust InvIT in the oil sector in the next financial year. The proposed InvIT will house some of the gas pipeline infrastructure created by the company.

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

Central taxes on petrol & diesel rose by 307 per cent in last 6 years

Even when global crude prices went down, central excise duty maintained an upward trajectory touching 12.2% in 2020-21

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sh31hb

India files appeal against Cairn arbitration award

The appeal against a three-member tribunal at the Permanent Court of Arbitration at The Hague invalidating India's Rs 10,247 crore tax claim on Cairn Energy and ordering the government to return the value of shares it had sold, dividends seized and tax refunds withheld, comes weeks before UK Prime Minister Boris Johnson's visit to India.

from Energy-Industry-Economic Times https://ift.tt/3sdZ6SA

Discoms get Rs 46,321 crore under liquidity package so far out of total sanctioned loans of Rs 1.35 lakh crore

The central government had announced a liquidity infusion scheme as part of AatmaNirbhar Bharat Abhiyan on May 13, 2020, in the backdrop of the outbreak of global pandemic COVID-19 in the country.

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

Basic customs duty to cost Rs 9 billion annually for discoms: India Ratings

This amount would increase exponentially with the commissioning of new projects, till the time the duty is in place, it added

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Saudi Aramco remains in discussion to pick stake in Reliance unit

Richest Indian Mukesh Ambani had in August 2019 announced talks for the sale of 20 per cent stake in the O2C business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter. The deal was to conclude by March 2020 but has been delayed.

from Energy-Industry-Economic Times https://ift.tt/31bqKnm

Power Grid to acquire Jaiprakash Power's 74 per cent stake in transmission JV

The power transmitted is meant for distribution and consumption in states of Himachal Pradesh, Haryana, Punjab, Uttar Pradesh and Rajasthan

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3f8zJhk

Basic customs duty on solar cells, modules to push tariff upwards, cost Rs 900 cr to discoms annually: Ind-Ra

Asmita Pant, Senior Analyst at Ind-Ra, said, "The increase in tariffs will increase power purchase costs for solar off-takers by Rs 9 billion (Rs 900 crore) annually, considering that around 10 GW of solar capacity will come on stream in the next 12 months."

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3saq5ye

OPINION: How corporates can adopt a low carbon growth

Low carbon growth for corporates is a definite possibility today and is more to do with willingness and commitment than any other factors.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/39avE8i

Discoms get Rs 46,321 crore under liquidity package so far out of total sanctioned loans of Rs 1.35 lakh crore

The central government had announced a liquidity infusion scheme as part of AatmaNirbhar Bharat Abhiyan on May 13, 2020, in the backdrop of the outbreak of global pandemic COVID-19 in the country.

from Energy-Industry-Economic Times https://ift.tt/3vR9MIX

Basic customs duty on solar cells, modules to push tariff upwards, cost Rs 900 cr to discoms annually: Ind-Ra

Asmita Pant, Senior Analyst at Ind-Ra, said, "The increase in tariffs will increase power purchase costs for solar off-takers by Rs 9 billion (Rs 900 crore) annually, considering that around 10 GW of solar capacity will come on stream in the next 12 months."

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/396znE1

Gas price for ONGC to inch up to $1.82, fall below $4 for Reliance-BP

The price of gas, which is used to generate electricity, make fertiliser and convert into CNG for automobiles and cooking gas for households, is due to bi-annual revision next week.

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

Oil sector PSUs to set up InvITs for asset monetisation

As part of the exercise, gas transportation utility Gail India is expected to set up the gust InvIT in the oil sector in the next financial year. The proposed InvIT will house some of the gas pipeline infrastructure created by the company.

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

India’s carbon neutral aim hinges on top emitters using hydrogen

Top steelmaker China -- the biggest polluter -- has already set a 2060 net-zero target, while Japan aims to reach that goal by 2050. India’s push to cut emissions will depend heavily on the steel sector, which is the biggest carbon dioxide emitter among its industries.

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

India’s carbon neutral aim hinges on top emitters using hydrogen

Top steelmaker China -- the biggest polluter -- has already set a 2060 net-zero target, while Japan aims to reach that goal by 2050. India’s push to cut emissions will depend heavily on the steel sector, which is the biggest carbon dioxide emitter among its industries.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3caI02k

Scatec to invest $11.8 bln in renewable energy in the next 4 years

It maintained its goal of hitting a capacity of 4.5 GW by the end of 2021

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

Domestic fuel prices set to reduce as international crude oil rates plunge 10 per cent

Crude oil has fallen to $64 a barrel from $71 a barrel earlier this month on weakening demand recovery prospects as European cities planned mobility restrictions amid rising Covid cases

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sf1ngi

Petrol, diesel prices steady, though crude softens

Across the country as well the petrol and diesel prices remained unchanged. But the pause has not helped in bringing down fuel prices that have crossed Rs 100 per litre (petrol) mark in several parts of the country.

from Energy-Industry-Economic Times https://ift.tt/3c9KDkX

How China is winning the electric mobility play

The country aims to phase out conventional ICE car sales by 2035, with NEVs and HEVs taking equal shares of the domestic car market

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

Domestic fuel prices set to reduce as international crude oil rates plunge 10%

Oil prices had risen on producing countries’ decision to extend the supply cut pact into April. The anticipation of quicker demand recovery due to wider vaccine roll out and the big US stimulus also helped boost prices.

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

Rajasthan to develop green energy corridor, generate 6,311 Mw power by 2023

Nigam chairman and managing director Dinesh Kumar said western Rajasthan is the hub of wind and solar power production in the state

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/318zLxo

India to launch supercharged push for global electric vehicle players

The new automotive sector scheme, however, has been under discussion since mid-2020 to provide a more focused approach

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3lIt6Dn

Bharat Gas to merge with BPCL

BGRL is a 100 per cent subsidiary of BPCL and its main business is gas sourcing and retailing

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3vTmB5F

Ashok Gehlot targets Centre, links fuel price stability to Assembly polls announcement

He mentioned that there was a continuous spike in prices of petrol and diesel on a daily basis before the announcement of the Assembly polls.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fag0h5

BHEL secures order for first ever overseas solar power project

The project will be set up by BHEL at Tamarind Falls, Henrietta (Phase II), Mauritius on Engineering, Procurement and Construction (EPC) basis, BHEL said in a statement.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Ph1jOz

Goa government signs renewable energy MOU with German company

Aimed at creating a strategic unit to develop, maintain and implement the multi-sectoral energy action plan, the MoU has been inked on the advice of the Union ministry for new and renewable energy.

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

Customs duty change: First auction fetches solar bid tariff of Rs 2.20 per unit

Most industry players and agencies such as ICRA had anticipated a rise of around 25% from that benchmark, which would result in a hike of at least 45 to 50 paise per unit.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3lGnd9K

Bharat Gas to merge with BPCL

"The board of directors of the company at its meeting today, ie March 22, 2021, has considered and approved the Scheme of Amalgamation of Bharat Gas Resources Ltd (BGRL) with the company (BPCL)," the firm said in a stock exchange filing.

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

Customs duty change: First auction fetches solar bid tariff of Rs 2.20 per unit

Most industry players and agencies such as ICRA had anticipated a rise of around 25% from that benchmark, which would result in a hike of at least 45 to 50 paise per unit.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3f2pET1

OPINION: Lessons in sustainable water governance

We need to have a sustainable approach to the overall governance of water. This needs to be backed by the right policies, technology solutions and systems.

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

Renewable electricity needs to grow 55-fold to achieve zero emission in India by 2050: Study

This would mean a massive 55-fold increase in the use of non-hydro renewables in electricity generation within the coming three decades, from only 160 Terawatt-hour (TWh) (10 per cent) in 2019, CEEW said in a statement

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3tWgr2X

Renewable electricity needs to grow 55-fold to achieve zero emission in India by 2050: Study

This would mean a massive 55-fold increase in the use of non-hydro renewables in electricity generation within the coming three decades, from only 160 Terawatt-hour (TWh) (10 per cent) in 2019, CEEW said in a statement

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31bQe3H

World Water Day: Pathways for sustainable water management

Our existence, growth and development will be governed by the way we use and manage water in times to come.

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

OPINION: Creating a win-win for discoms and solar power producers alike

It is time for discoms to treat solar energy producers as allies and not a threat.

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

66 per cent customers ready to buy electric vehicles: Survey

At present, EVs contribute less than 1 per cent of total vehicles sold, but has the potential to scale up to 5 per cent within a few years

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Qt3ZJr

Adani Green Energy shares zoom on winning 300 MW wind power project

Reacting to the news, shares of the company rose to a 52-week high of 1,251.05 and were locked in 5% per cent upper circuit on BSE on Monday

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3160Gde

India's GSPC seeks LNG cargo for April delivery, say sources

It is seeking the cargo for April 17 to 25 delivery in a tender that closes on March 22, one of the sources said.

from Energy-Industry-Economic Times https://ift.tt/3sad4oq

Crude oil slips as European lockdowns impact recovery hopes

Brent crude was down 60 cents, or 0.9 per cent, at $63.93 a barrel by 0136 GMT. U.S. oil was off by 68 cents, or 1.1 per cent, at $60.74 a barrel. Both contracts fell by more than 6 per cent last week

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/312zLPh

India will have to leapfrog every major economy to reach net zero by 2050

Top Indian officials are discussing whether to set a goal of reaching net-zero greenhouse gas emissions by 2050, yet little analytical work has been done on just what the country will have to do to meet that target.

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India's crude oil throughput hits 4-month low in February

Crude oil throughput in February dropped 8.8% year-on-year to 4.87 million barrels per day (18.62 million tonnes), provisional government data showed on Friday.

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Reliance affiliate picks 3/4th of gas from own CBM block at $6 price

India Gas Solutions Private Limited, a 50: 50 joint venture of RIL and UK's bp, bought 0.62 million standard cubic meters per day out of 0.82 mmscmd gas bid out in an auction last week, three people with knowledge of the matter said.

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Adani Green Energy awarded 300 Mw wind power projects under SECI tender

AGEL’s total renewable capacity now stands at 15,165 MW, of which 3,395 MW renewable plants are operational and 11,770 MW projects are under implementation.

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Power Ministry to move SC against Andhra HC order

The ministry proposes to introduce a bill in Parliament in the Budget session proposing amendments to the Electricity Act, 2003 to decentralise power distribution business. Besides, the Centre proposes a clause in the bill to restrict electricity despatch to discoms from power plants in favour of which the utilities have not opened bank guarantees.

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Delhi govt will offer interest subvention of 5 per cent for EV policy: Gahlot

Transport Minister Kailash Gahlot on Sunday said that the Delhi government will soon introduce interest subvention of up to 5 per cent in purchase of electric-run vehicles in the city.

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Saudi oil giant Aramco to scale back spending after 2020 profit slump

The COVID-19 pandemic took a heavy toll on the company and its global peers in 2020, but oil prices have rallied this year as economies recover from last year's downturn and after oil producers extended output cuts

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Capacity utilisation at RIL and a few state-run refineries declined in February

The report did not give a reason for the slide in RIL’s run rate while attributing the decline at other domestic facilities to planned maintenance shutdown and weak demand

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Adani Green to acquire 50MW solar asset from SkyPower

With this acquisition, AGEL’s operating renewable capacity will increase to 3,395 MW, while its total renewable portfolio will touch 14,865 MW

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Goa: State signs renewable energy MOU with German company

Aimed at creating a strategic unit to develop, maintain and implement the multi-sectoral energy action plan, the MoU has been inked on the advice of the Union ministry for new and renewable energy

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Power Ministry to move SC against Andhra HC order

The ministry proposes to introduce a bill in Parliament in the Budget session proposing amendments to the Electricity Act, 2003 to decentralise power distribution business. Besides, the Centre proposes a clause in the bill to restrict electricity despatch to discoms from power plants in favour of which the utilities have not opened bank guarantees.

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Capacity utilisation at RIL and a few state-run refineries declined in February

RIL’s refining complex in Jamnagar, the largest in the world, processed 14% less crude oil in February than it did a year ago, as per the petroleum and natural gas ministry’s monthly report. Crude oil processed at RIL facilities had declined 3% year-on-year in January while increasing 1% in the month before.

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Adani arm AGEL to acquire 50 MW solar asset from SkyPower Global

Adani Green Energy on Saturday said it has signed definitive agreements with the Toronto-headquartered SkyPower Global to acquire 100 per cent stake in a special purpose vehicle (SPV) that owns 50 MW operating solar asset in Telangana.

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Reliance affiliate picks 3/4th of gas from own CBM block at $6 price

India Gas Solutions Private Limited, a 50: 50 joint venture of RIL and UK's bp, bought 0.62 million standard cubic meters per day out of 0.82 mmscmd gas bid out in an auction last week, three people with knowledge of the matter said.

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India looking for other sources of crude supply, says Nirmala Sitharaman

A government panel is monitoring food-related inflation to ensure that supply distortions due to seasonal changes or a change in crop patterns are being addressed, the finance minister said.

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Gujarat: Solar power projects worth Rs 1,500 crore hang by roof

More than 200 projects with installed capacity ranging from 10KWh to 1MW are on hold.

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UK minister's India visit focuses on joint efforts on climate change

Lord Tariq Ahmad said science and technology partnerships between the UK and India are already playing a vital role to tackle the most pressing global challenges

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South Africa plans 3 power ships, renewable energy investments to tackle crisis

Minister of Mineral Resources and Energy Gwede Mantashe announced eight preferred bidders in the government's emergency risk mitigation programme.

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Gujarat: Solar power projects worth Rs 1,500 crore hang by roof

More than 200 projects with installed capacity ranging from 10KWh to 1MW are on hold.

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Adani arm AGEL to acquire 50 MW solar asset from SkyPower Global

Adani Green Energy on Saturday said it has signed definitive agreements with the Toronto-headquartered SkyPower Global to acquire 100 per cent stake in a special purpose vehicle (SPV) that owns 50 MW operating solar asset in Telangana.

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Assam: NTPC Bongaigaon achieves more than 100% Plant Load Factor for the first time

In a statement the company stated the station also achieved the highest ever generation of 18.2499 MUs on 18th March,2021 with 101.39% PLF.

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Gram Ujala scheme to offer LED bulbs for Rs 10 per piece in rural areas

The Gram Ujala programme was launched by Power & New and Renewable Energy Minister R K Singh in Bihar

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Competition Commission approves Tata Power-NESCO deal

Tata Power is primarily engaged in the business of power generation, transmission and distribution.

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Bring policy paper to deal with discoms reluctance on RE PPAs: Par panel

The Parliamentary Standing Committee on Energy was apprised that the power ministry is looking for a possible solution to this problem and will come out with a policy paper in this regard.

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Self-reliance in energy sector must for Atmanirbhar Bharat: Ramesh Pokhriyal

While riding the Energy Swaraj Yatra Bus from his residence to his office today, Pokhriyal said, "The climate change awareness is essential to attain sustainability.

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Competition Commission approves Tata Power-NESCO deal

Tata Power is primarily engaged in the business of power generation, transmission and distribution.

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India has till mid-April to appeal against Cairn award; challenge only on limited grounds

The registration of the arbitration award was acknowledged by New Delhi on January 19, they said adding an appeal against the award can be filed in 90-days of those two dates

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India's methane emissions from coal mines rising: Report

The climate impact of methane emissions, including by India that is among the top five emitters, from proposed coal mines worldwide could rival the CO2 emissions from all the US coal plants, warned a new report by Global Energy Monitor on Friday

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India has till mid-April to appeal against Cairn award; challenge only on limited grounds

The award from a three-member tribunal at the Permanent Court of Arbitration at The Hague invalidating India's Rs 10,247 crore tax claim on Cairn Energy and ordering the government to return the value of shares it had sold, dividends seized and tax refunds withheld, was registered in the Netherlands on January 8, two people aware of the matter said.

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Process of BPCL privatisation's multiple steps remains outstanding: Fitch

The government is selling its entire 53.98 per cent stake in India's second-largest fuel retailer Bharat Petroleum Corporation Ltd (BPCL). Three firms, including Vedanta Ltd, have evinced interest in buying the stake.

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