Page 38 - Energy Sector

Euro falls below 99 cents hitting 20-year low on Russian gas halt concerns

The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia's halt on gas supply down its main pipeline to Europe sparked concerns

60% of British factories at risk of going under as energy bills soar

MakeUK, the lobby group for UK factories, said that nearly half of manufacturers have experienced a jump in electricity bills of more than 100% in the past year

Demand uptick positive for NTPC, Coal India; price uptrend may continue

The Fuel Supply Agreement (FSA) realisation was Rs 1,443 per tonne and the e-auction realisation was Rs 4,340 per tonne

Decoding Azure Power: India's first NYSE-listed renewables company

Stock tanks after new CEO's sudden resignation, whistle-blower complaint

Wind energy has huge potential in India, to cost less by 2026: GWEC

The agency analyses the factors that can reduce the levelised cost of energy over the next few years.

Reliance aims to double its value in 5 years as it gets future-ready

5G, new energy, O2C, retail, FMCG among growth engines for company, says Ambani

India's shaky energy security and growing dependency on foreign fuels

New Delhi is yet to announce a comprehensive and detailed policy across the energy spectrum to tackle this very real threat to economic growth

Telecom, energy sectors see sharpest earnings cut after Q1

The Nifty earnings per share (EPS) is estimated to grow 9 per cent year-on-year to Rs 785 in FY23, against an earlier expectation of 13 per cent growth to Rs 820

Energy crisis tearing through global stock markets leaves a trail of losers

The inflation surge has also prompted an aggressive response from the world's major central banks

India has decided to be self-reliant in energy sector in next 25 yrs: PM

Prime Minister Narendra Modi on Sunday said that India has decided to become self-reliant in energy sector in the next 25 years. Addressing a programme held to mark 40 years of Suzuki Motor Corporation in India at the Mahatma Mandir convention centre here, Modi also hailed the relationship between India and Japan. "India wants to be aatmanirbhar (self-reliant) in energy sector in the 'amrit kaal' of next 25 yerars," he said adding that transportation is one key things to achieve it. Modi said that electric two wheelers and four wheelers make no noise and are silent. "The silence of electric vehicles is bringing a new silent revolution in the country," he said. The prime minister said Gujarat-Maharashtra bullet train to Rudraksh Centre in Varanasi and many such developmental projects are examples of India-Japan friendship. Former prime minister of Japan late Shinzo Abe worked to bring the two countries closer and the present PM (Fumio) Kishida is working further for it, Modi added.

Need to diversify agriculture towards power, energy sectors: Gadkari

With India being energy deficient, there is a need for the country to diversify agriculture into energy and power sectors, Union Minister for Road Transport and Highways Nitin Gadkari said on Saturday. "We already have energy shortage. We are making an expenditure of Rs 15 lakh crore every year for importing petrol, diesel and other petroleum products. So, this is the time we can diversify agriculture towards the energy and power sector," Gadkari said while addressing the felicitation programme of National Cogeneration Awards 2022 in Mumbai. He urged the industry to focus on alternative fuels with the help of futuristic technologies. "While 65-70 per cent of our population depends on agriculture, our agricultural growth rate is only 12-13 per cent. And the next move should be cogeneration to increase revenue from sugar. The industry should produce less sugar and more byproducts, embracing the vision for futuristic technologies and using the power of leadership to convert knowledge .

Fuel crisis prompts Bangladesh to cut govt office hours to save energy

Bangladeshi government offices will cut back office hours in a bid to save energy, as the country struggles with a fuel crisis, an official said

German chancellor Olaf Scholz in Canada to diversify energy supply

German leader Olaf Scholz said Monday he's working as fast as he can to reduce Germany's dependence on Russia for energy, but Canadian Prime Minister Justin Trudeau said a business case would be needed to send gas from Canada to Europe. Scholz, who took over from Angela Merkel late last year, is in Canada this week and will sign a deal with Trudeau to supply clean hydrogen to Germany. Canada plays a really, really central role for the development of green hydrogen, Scholz said. That's why we are very glad to be able to expand our cooperation in this area on this occasion too. He said Germany would like to be a partner of Canada in the future export of green hydrogen, but in the meantime natural gas will be needed. Trudeau, however, played down the likelihood of direct gas exports to Germany due to logistical constraints and costs. Trudeau said it would need to make business sense. There are a number of potential projects that are in the books for which there has never been a strong

India's self-reliance ambition in energy sector faces rising import hurdle

During the financial year 2021-22, India's petroleum imports was around 23.8 per cent of its gross imports and the country was dependent on imports for 86 per cent of its crude oil requirement

JSW Energy unit to buy Mytrah Energy's renewable assets for Rs 10,530 cr

This is the third-biggest acquisition in the renewable energy space in India

Should set up small modular reactors to meet energy demands: NITI member

Niti Aayog member VK Saraswat suggested that the government should focus on setting up small modular reactors as it would help meet country's energy needs and in replacing aging thermal power plants

India among leaders in annual renewable energy investment: UN report

The report mentions WFP estimates of an increase of 47 million acutely hungry people in 2022 across 82 countries due to the lingering effects of Covid-19 and the continuing Russian-Ukraine war

PM Modi asks states to clear payments to electricity distributors

Prime Minister Narendra Modi on Saturday urged state governments to clear their bills and dues to power distribution firms to help ensure stability in the energy sector

EU embargo on Russian gas 'impossible', says Austrian Chancellor Nehammer

Austrian Chancellor Karl Nehammer has said that an embargo on Russian gas in the European Union (EU) is "impossible" due to EU countries' heavy dependence on Russian energy

IL&FS sells 2 firms in energy business for Rs 77.5 cr to reduce debt

IEDCL sold 27.75 per cent of its stake in Urjankur Nidhi Trust, where Maharashtra Energy Development Agency has a 50 per cent stake and Shree Datta Shetkari Sakhar Karkhana Ltd holds 22.25 per cent.