Page 9 - Energy

Indian Energy Exchange trade volume falls 7% to 8,200 mn units in February

The total trade volume at the Indian Energy Exchange (IEX) declined seven per cent to 8,200 million units in February on an annual basis, due to lower availability of electricity. Sell side liquidity continued to be affected due to high input costs, the IEX said in a statement. According to the bourse, supply constraints are expected to ease in the coming months due to the conducive policy and regulatory initiatives that will lead to an increase in coal and gas-based generation. This will also provide cost optimisation opportunities to discoms and open access consumers. The overall trade volume on the IEX in February was 8,200 Million Units (MU), a de-growth of 7 per cent on a year-on-year basis. The 8,200 MU included 7,673 MU of conventional power, green power trade of 341 MU, 3.74 lakh of Renewable Energy Certificates (equivalent to 374 MU) and 1.54 ESCerts (equivalent to 154 MU). ESCerts are Energy Saving Certificates. In February 2022, the trade volume stood at 8,760 MU, ...

'Developing, developed nations must have different goals on sustainability'

India's partnership with the UK and the EU is significant in the global effort to make the planet safer and greener, Piyush Goyal said

Explained: Why is govt focussed on creating a global biofuel alliance?

The United States and Brazil has been among the early proponents of the alliance

This isn't time for war, says Hardeep Puri on Russia Ukraine conflict

Puri quoted the European ambassador's statement, "we don't care where India buys energy from but think India can help in bringing resolution to what's going on"

Govt mulling fresh bid for one vacant slot in advanced cell PLI

The slot was vacated when Hyundai pulled out

Traders can adopt buy-on-dips strategy for Nifty Energy index: Ravi Nathani

According to the technical analyst, the best trading strategy for short-term and swing traders would be to buy the Nifty Energy index on dips, with the expectation of outperformance in the near future

Fyn Mobility partners Exponent Energy to roll out 1,500 electric vehicles

Electric vehicle ecosystem platform Fyn Mobility on Thursday said it has partnered with Exponent Energy to roll out 1,500 Altigreen manufactured electric three-wheelers, which could be fully charged in 15 minutes. The new fleet of Altigreen's three-wheeler, neEV Tez, along with Exponent Energy's e-pump charging network will make the company the world's first logistics player to operate a fleet of EVs that can be fully charged in 15 minutes, Fyn said. With this partnership, Fyn plans to roll out these EVs to be cross-utilised, making the overall cost of operations to businesses much more affordable, and open up new opportunities within the industry, it said. The company claims it helps businesses and delivery agglomerates in the e-commerce, quick-commerce, grocery, pharma and courier sectors in solving their last mile and micro mobility challenges in Bengaluru, Chennai and Hyderabad. The rise in the e-commerce and logistics sector has propelled the demand for dependable last-mile ..

OPEC chief tells climate negotiators to 'look at the big picture'

OPEC's top official said climate policies need to be more "balanced and fair."

Chennai-based Invenire Energy to invest $550 mn in hydrocarbons by 2026-27

Aims to increase output from 4,900 barrels of oil equivalent per day (boepd) to 35,000 boepd; is also lining up $500 mn for coal-bed methane block in MP, where it plans to drill 500 wells

Charts suggest Nifty Energy index could bounce back, says Ravi Nathani

According to the technical analyst, in the past four days, the Nifty Energy index appears to be encountering resistance at 22,650, and a violation of this level could signal the start of accumulation

PM round table: Green hydrogen, finance and technology top agenda

Green H2, tech transfer, and financing discussed at the round table

Infosys to partner with GE Digital for grid transformation solutions

Work will help operators realise a more reliable and sustainable grid, say companies

Nations reach a common understanding on fossil fuel usage at G20 meeting

The first ever Energy Transition meet in India has seen a consensus emerge on nations needing separate pathways to energy transition

India needs $10 trillion till 2070 for energy transition at G20 meeting

Policy on carbon capture likely in next 3 months

Adani exposure 2.4%, followed Indian laws, says France's Total Energies

The company also said that said it has not performed any re-evaluation of its holdings because of volatility in stock prices in Adani stocks

India's electricity consumption grows nearly 13% to 126.16 bn units in Jan

India's power consumption logged a double-digit year-on-year growth of nearly 13 per cent to 126.16 billion units in January 2023, according to government data. The robust growth of power consumption indicates sustained momentum of economic activities in January. Experts earlier said the power consumption and demand would increase in January due to the use of heating appliances, especially in the northern parts of the country, and a further improvement in economic activities. In January 2022, power consumption stood at 111.80 billion units (BU), higher than the 109.76 BU in the same month of 2021, the data showed. Electricity consumption in January 2020 stood at 105.15 BU. The peak power demand met, which is the highest supply in a day, rose to 210.61 gigawatt (GW) in January 2023. The peak power supply stood at 192.18 GW in January 2022 and 189.39 GW in January 2021. The peak power demand met was 170.97 GW in the pre-pandemic January 2020.

Oil prices rise as US recession fears over rate hikes ease, dollar weakens

Tamer rate hike expectations helped lower the dollar index, which supported oil prices as a weaker greenback makes the commodity cheaper for buyers holding other currencies

Energy transition in numbers

It is a mixed bag for clean tech in 2023. The number of charging stations and solar installations are set to rise, but higher battery prices could delay EV adoption

Energy strategies in India, China contest for hegemony on Brahmaputra: Rpt

The interlinkages between the energy transition and the contest for political power are particularly visible in South Asia, especially between India and China, according to EFSAS

PNGRB to halt action against city gas distributors until Act's amendment

Officials said the regulator's move to recognise 54 gas pipelines as common carriers has faced multiple litigations till now from private entities, such as Adani Total Gas and even state run-GAIL