Tamil Nadu’s power demand has increased by more than 3,000MW this December, compared to the same period last year. The demand has been 14,500MW in recent days, mostly owing to higher consumption in the industrial sector.
Rising fuel prices and waning business activities in the region has begun haunting the ruling Bhartiya Janta Party (BJP) ahead of the assembly elections with industrialists blaming the government for not fulfilling the promises and ignoring small scale industries.
Domestic stainless steel players have urged the government against giving any tariff concessions to China as a part of Regional Comprehensive Economic Partnership (RCEP) negotiations.
India is fast-tracking environmental clearances for projects like power plants and coal mines in a bid to propel growth, setting off alarm bells among environmentalists and affected residents who say the decisions are being made too quickly.
The government said on Friday the recent spurt in global rates is a matter of concern as it could inflate import bill by as much as $ 50 billion and impact current account deficit (CAD). However, it remained non-committal on cutting excise duty to ease the burden from rising oil prices.
The total number of people employed in the renewable energy sector including large hydropower grew 5.3 per cent to 10.3 million globally from 9.79 per cent in the previous year, according to International Renewable Energy Agency (IRENA).
BHP has a workforce of about 65,000, including contractors, of which 18% are female. Based on these numbers, its target would mean an additional 21,000 women employed by the middle of the next decade, including both its own staff and contractors
Rock-bottom solar power tariffs might spell good news for consumers and the environment alike, but for developers, it is now a matter of concern. Ironically, the problem is of their own making to a large extent. With aggressive bidding, solar power tariffs have been pulled down to Rs 2.42-2.65 per unit in the latest rounds, and this has made it difficult for companies to stay afloat. As a result, they have been sourcing inferior quality equipment like rooftop solar panels, inverters and mounting structures.
Interfering in the pricing of the commodity is the most anti-consumer step a government can take. Let the competition decide the price as in the open market.
India’s state oil refiners – long focused on churning out transport and cooking fuels – are planning a $35 billion push into petrochemicals to meet an expected surge in demand for goods ranging from plastics to paints and adhesives.