The historic decision by the Organization of Petroleum Exporting Countries (OPEC) in Vienna to not over-comply on production cuts beginning next month could be marginally positive for India which has been grappling with its inflated oil import bill
Over 60 prospective bidders from across the country attended the second pre-bid meeting here on Friday convened by the Madhya Pradesh government for its 28 mega watt peak (MWp) rooftop solar project, according to a Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) statement.
German utility RWE is earmarking 1.5 billion euros ($1.75 billion) a year for investments in green energy following a deal to break up its Innogy unit, its chief executive told a German newspaper.
The wind and solar industries hope demand for carbon-free power from U.S. cities, states and corporations can offset headwinds from President Donald Trump’s tax policy and tariffs, developers said this week.
Indian Railways is ready to undertake its largest ever divestment exercise as the ministry has set a target of raising at least Rs 25,000 crore through monetisation of its power transmission lines, also known as overhead equipment network.
The power ministry has advised companies to regulate default air conditioner (AC) settings to promote energy efficiency in the area which is expected to be a key driver of global electricity demand in the coming decades.
Reliance Industries in partnership with JM Financial ARC is set to take over bankrupt Alok Industries at less than a third of the total loan value, with 72% of the lenders voting in favour of the deal.
The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration’s proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.
The Organization of the Petroleum Exporting Countries agreed in principle on Friday to raise output enough to match a production target it introduced at the beginning of 2017, but which it has undershot ever since.
OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage.