Page 37 - Energy Sector

Hitachi Energy to supply transformers for NTPC renewable energy park

The NTPC REL facility in Kutch produce electricity to support 8 million people

PM Modi calls upon industry, research bodies to address energy needs

Prime Minister Narendra Modi on Saturday called upon the industry, academic and research organisations to work seamlessly with greater integration to address India's energy needs and foster circular economy for sustainable development. He also highlighted the need to use scientific approach and technology such as artificial intelligence in various fields ranging from traditional knowledge to mapping students to their interest, skill sets and competencies to make them better suited to meet the demands of future India and the world. Prime Minister Modi, who is President of the Council of Scientific and Industrial Research (CSIR), made the comments at the meeting of CSIR Society here on Saturday. Modi asked the scientific community to move towards Vision 2047 with the aim of India being a global leader, according to an official statement. He called upon the scientific community to come up with technological solutions to increase protein content in cereals and new varieties of millets

Financials, IT, energy see highest FPI selloff in last fortnight of Sept

The selling dragged the BSE Financial Services index by 4.7 per cent in the last two weeks of September.

How wind power fell behind solar in India?

Wind power, which had an impressive head start in India, has reported moderated growth in the last few years, with solar dominating the renewable energy mix. Why is it so? Let us find out

German expert panel proposes 2-stage energy subsidy to ease high rates

A government-appointed expert panel is proposing a two-stage system for distributing up to 200 billion euros ($195 billion) in subsidies Germany has announced to ease the strain of high energy prices. German news agency dpa reported Monday that the panel will suggest one-off payments to natural gas customers equivalent to a single monthly bill this year, followed by a price subsidy for part of people's consumption next year. Citing unnamed officials, dpa reported that from January businesses would pay 0.07 euros per kilowatt hour for the first 70% of their gas bill, based on the previous year's consumption. Private gas customers would pay 0.12 euros for the first 80%, starting in March. The proposal put together by a panel made up of representatives from industry, trade unions, scientists and lawmakers is due to be publicly announced later Monday. Many European countries have proposed similar subsidies on fossil fuels, prices for which have increased sharply worldwide in the wake

MoUs, LoIs worth Rs 10.4 trillion signed ahead of Rajasthan summit

Energy sector has emerged as the main investment sector with 57 per cent of the proposed being implemented.

Austria govt unveils aid package for companies amid energy crisis

The Austrian government has unveiled a new aid package worth 1.3 billion euros for companies struggling with the worsening energy crisis

Total CEO pushes spending on renewable energy amid global energy crisis

The French oil major is increasing spending on renewable energy and on reducing its emissions next year to 33% of annual capital expenditure, compared with 25% going into clean power this year

Electricity Bill will pave the path for privatisation: AIPEF chairman Dubey

"The AIPEF is opposing the Electricity (Amendment) Bill, 2022, in the larger interest of the consumer and the power sector itself," said Dubey

India working to transform its energy landscape: Minister Jitendra Singh

India is working to transform its energy landscape with a significant clean energy share, Science and Technology Minister Jitendra Singh has told the international community while asserting the country will achieve net zero emissions by 2070. By 2030, India has agreed to reach 500GW non-fossil energy capacity, shift 50 per cent of energy its requirements to renewable sources, lower overall anticipated carbon emissions by one billion tonnes and reduce carbon intensity of the economy by 45 per cent over the 2005 levels. "India is continually working towards transforming the energy landscape of the country with significant clean energy share," Singh said at the Global Clean Energy Acceleration Forum, the joint convening of the 7th Mission Innovation and 13th Clean Energy Ministerial, here. Highlighting the need to strengthen long-term private sector engagement, he said the transition to bioeconomy is based on projects under development and deployment with high investment and high-risk

How small modular nuclear reactors may help India to meet energy goals

The adoption of the SMR route could also end the difficult route of developing nuclear technology India has been attempting since the 1950s

Germany nationalises country's largest gas importer for energy security

The German government agreed to nationalise the country's largest gas importer Uniper in an effort to ensure energy security against the backdrop of Russia's gas supply freeze and rocketing gas prices

Over 300 French companies urge govt to take action on surging energy prices

Over 300 French companies have alerted the country's government to the negative effects of the surging energy prices, Minister Delegate for Industry Roland Lescure has said

Russia to flood Asia with fuels as Europe ramps up sanctions: Report

Moscow plans to raise taxes on energy sector to the tune of $50 bn in 2023-25

PFC eyes new infra, net zero value chain: Chairman & MD R S Dhillon

'PFC and REC have sanctioned close to Rs 2 trillion covering 36 discoms', said Dhillon

German Chancellor Olaf Scholz betting billions of euros on securing energy

Scholz's strategy adds pressure on the country's finances at a time when Germany already risks tipping into recession

Nayara Energy seeks Centre's approval on independent directors' pay

The company said the remuneration proposed to be paid to the independent directors is comparable with the remuneration being paid for similar assignments in the industry

India considers further coal imports as concern over energy supply grows

Stockpiles of the fossil fuel at power plants have fallen about 11% since mid-August, meaning utilities have an average of 10 days supply, well below required levels of more than three weeks

UK's new PM Liz Truss to announce govt plan to ease soaring energy bills

British Prime Minister Liz Truss will announce Thursday how her new government plans to ease the burden of soaring energy bills that have left people and businesses across the U.K. facing a bleak winter. Truss is due to make a statement in the House of Commons and is expected to impose a cap on bills that are skyrocketing because of Russia's invasion of Ukraine and the economic aftershocks of COVID-19 and Brexit. The announcement, on Truss's second full day in office, comes after a summer in which the government refused to say how it would respond. Former Prime Minister Boris Johnson was not able to make major decisions after announcing in July that he would resign. Truss, who won the Conservative Party contest to replace Johnson as leader, declined to announce her plans before she was in office. Truss, a free-market conservative, has said she favours tax cuts over handouts, but has been forced to act by the scale of the crisis. She is expected to cap domestic energy bills, which ..

Oil price rises after Russia's Putin threatens to halt energy supply

Oil rebounded after President Vladimir Putin said on Wednesday that Russia will stop supplying gas and oil if price caps are imposed on Russia's energy resources