After enjoying the benefits of low oil prices, we should also be ready to shell out more on trend reversal
Demand for new LNG carriers is expected to pick up over 2017-21 period as supplies begin from new projects in coming up in Australia, Russia, East Africa, the US and Canada and the ranks of gas-importing countries swell .
India which aims to go 100% electric vehicles by 2030, has its tasks cut out as this target is an ambitious one. However, with the cost of batteries plunging by 60% by 2020, right policy framework could help meeting this target.
Exclusive Opinion Piece : Has Saudi Arabia abandoned its role as a Swing Producer?, Asks Manish Vaid
Given its own economic conditions and plans for upcoming Saudi Aramco’s IPO next year Saudi Arabia cannot escape its role as swing producer, even though unwittingly.
The resilient U.S. shale output and sluggish demand from American drivers have kept U.S. stockpiles at historically high levels making efforts of OPEC and non-OPEC to cut oil production a futile exercise. These developments has forced experts to rethink about Saudi Arabia’s role as a ‘Swing Producer’ in rebalancing the oil markets. This article therefore explore the current oil market scenario alongside evaluating if actually Saudi Arabia has abandoned its role as a Swing Producer.
Replying to a query attributing the cabinet ministers’ visit as nervousness of BJP during elections, the power minister said
ear 2016 has witnessed some of the landmark decisions in the oil market, which has reversed the trend of oil disagreements within the OPEC and non-OPEC countries
The transmission project will increase power supply by 2,000-3,000 MW to the energy starved region and strengthen the transmission network. The financial closure was achieved by YES BANK by underwriting Project Finance Facility of Rs 800 Crores for a period of 15 years for the project.
Sterlite Power Transmission Limited (Sterlite Power) has achieved financial closure for its transmission Project that will increase electricity supply to residential, commercial and industrial establishments in parts of Haryana
On the back of surplus power state, NTPC signs agreement to sell 160 mw power to Nepal from Jan-May 2017
NVVN is the only government company in the power sector engaged in the business of power trading. The power will be supplied through the Muzaffarpur-Dhalkebar transmission line.
India’s largest power generating company, NTPC Lt’d wholly owned arm—NTPC Vidyut Vyapar Nigam Limited (NVVN) has signed Power Purchase Agreement(PPA) with Nepal Electricity Authority (NEA) for supply of up to 160 MW power for the period January 2017 to May 2017.
A diesel-electric multiple unit (DEMU) train between Peddapalli and Morthad is all set to chug on from December 29, indicating that long-awaited Peddapalli-Karimnagar-Nizamabad railway line is expected to be thrown open for commuter and goods trains in the near future.
In what would further encourage investments in renewable energy projects, the state government has exempted electricity duty of 40 paise per unit for rooftop solar and captive units.