In the last four weeks, crude oil market collapsed by 12-15 per cent; and last week, Brent briefly traded below the psychological $60 a barrel, a five-month low. This is notwithstanding the current supply tightness following US sanctions on Iran oil and involuntary outage in Venezuela.
Media reports have recently highlighted worsening of financial health of Oil and Natural Gas Corporation (ONGC), India’s state-owned hydrocarbon explorer that alone contributes 61 per cent of the country’s crude oil output.
Wind power tariffs remained unchanged from the beginning of the year in the 745 MW of capacity awarded through auction by Gujarat’s state utility on Monday, several developers told ET.
Among the many applications of solar power, stand-alone solar lighting systems are a versatile application as it helps to serve many purposes. A solar lighting kit uses a dedicated solar panel which can provide enough energy to power a single or several bulbs.
Ethanol blending with petrol is estimated to touch 7.2 per cent in 2018-19 marketing year as record 237 million litre of supplies have been contracted, according to sugar industry body ISMA.
Public sector hydro power major Satluj Jal Vidyut Nigam (SJVNL) today announced it has appointed Surinder Pal Bansal as the new Director-Civil of the company.
Moody’s Investors Service has assigned a Baa2 rating signifying stable outlook for the proposed senior unsecured Dollar notes to be issued by power generator NTPC Ltd. The notes will be issued under the company’s existing $6 billion medium-term note (MTN) program.
State Bank of India’s Chairman Rajnish Kumar would not be surprised about Norway’s recent decision to divest from a selected group of fossil fuel companies. He had recently declared 31 gas-based power plants across India as already stranded and uncompetitive against the new low-cost renewables.
Chief Minister Sarbananda Sonowal on Wednesday laid the foundation stone of a 70 MW Solar Park at Japisajia village of Amguri in Sibsagar district in a bid to boost power production and promoting clean energy in the state.
The global energy demand is set to rise by around a third by 2040, driven by improvement in living standards, particularly in India, China and across Asia. Also, renewables will become the largest source of global power generation by then.