The Ministry of Power has issued an order allowing thermal power generators to use coal linkage for a period of two years even if they terminate a power purchase agreement on defaults by distribution utilities.
An almost 7% growth in India’s electricity demand at a time when economic expansion has cooled to its weakest in six years may appear as a paradox at first glance. Clarity emerges with a closer look. Power requirement growth in the nation’s most industrialized states decelerated in the April-July perio
India has extended a deadline to submit bids for building solar power equipment factories in the South Asian nation, in another delay to its efforts to boost its nascent domestic manufacturing capacity.
Oil slid as escalating trade tensions between the U.S. and China prompted investors across financial markets to flee risk assets, though West Texas Intermediate pared losses after a report signaled an inventory drop at America’s main storage hub.
India’s Andhra Pradesh has asked developers of all renewable energy projects in the southern state to cut the price of green power and disregard existing contracts, according to people
The downing of an Iranian drone in the Strait of Hormuz wasn’t enough to lift oil prices, which slid to the lowest in almost a month amid pessimism about the global economy.
The Indian billionaire behind the controversial Carmichael coal mine in Australia is hitting back at criticism the endeavor will be both unprofitable and too dirty.
Oil edged higher as rising tension in the Middle East kept investors wary, while expectations the U.S. and China can make a quick breakthrough following the resumption of trade talks are low.
OPEC’s oil production cuts, designed to buoy global prices, are sinking beneath soaring U.S. production and flat global demand. With U.S. output forecast to continue increasing, and tensions in the Persian Gulf providing only mild upside,
India, which is heavily dependent on Middle Eastern oil, is looking on with increasing apprehension as the U.S. and Iran flirt with war. The country imported 84% of its crude in the last financial year