According to statistics issued by the government on Tuesday, the growth of India’s eight key sectors fell to a four-month low of 8.1% in September from a 14-month peak of 12.5% in August. This was mainly because of a dramatic fall in the increase in the production of power, crude oil, and refinery products. September…
In order to reach net zero emissions by 2040, Oil India Ltd. (OIL) chairman and managing director Ranjit Rath announced on Thursday that the state-owned corporation wants to invest Rs.25,000 crore in renewable energy. The corporation has made the decision to invest in projects to end flaring as well as green hydrogen, solar, geothermal energy,…
Eight core industries’ combined output increased by 6% in February as compared to 5.9% in the same month last year. It’s interesting to note that the Commerce and Industry Ministry increased the core sector growth estimate for January 2023 from 7.8 to 8.9 percent. An official statement stated that the core industries’ overall growth rate from…
The state-owned power producer NTPC announced on Monday that its electricity production increased by over 12% between April – February of last year to 364.2 billion units. NTPC Ltd. “recorded 11.92% rise in generation, i.e. 364.2 BU in FY23 through February month, compared to the country’s generation growth of 9.56%,” according to a company release….
India’s government is analyzing a slower retirement of maturing coal-fired power plants as it also adds newer sites, a move that would keep fossil fuel capacity higher for years and potentially stall efforts to hit climate goals. Officials are considering a proposal to shutter less than 5GW of existing capacity by the end of the…
The supply of coal to electricity generating plants increased by 17.09 percent to 58.45 million tonnes in July due to a rise in power demand, the government data said. The government in the last few months has taken various measures to ensure the sufficient availability of coal for power stations. The total coal dispatch to power utilities…
Power Minister RK Singh on Wednesday introduced the Energy Conservation (Amendment) Bill, 2022 in Parliament, which provides for setting up Carbon markets. Further, the Bill also seeks to mandate the use of non-fossil sources, including green hydrogen, green ammonia, biomass, and ethanol for energy and feedstock. The amendments aim to promote renewable energy and the…
Three of India’s most industrialised States (Tamil Nadu, Maharashtra, Gujarat) plan to import 10.5 million tonnes (mt) of coal in the coming months as officials scramble to stop power cuts, a move that could force international coal prices to new highs. Maharashtra plans to import 8 mt for “merging purposes”, while Gujarat will place orders…
