Interview – India’s renewable energy sector to emerge faster from the pandemic crisis

The coronavirus pandemic has affected just about every industry segment, but Adarsh Das, Co-Founder and CEO SunSource Energy, a solar energy developer with a global presence. tells Shampa Bahadur of indoasiancommodities.com that the renewable energy sector will emerge from the lockdown-triggered economic crisis faster than many others.  Q: How seriously has the COVID-19 pandemic impacted […]

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PFC signs MoU with NBPCL to fund projects worth ₹ 22,000 crore for 225 MW hydro-electric and multi-purpose projects in Madhya Pradesh

Power Finance Corporation (PFC), the central PSU under Ministry of Power and India’s leading NBFC, today entered into an agreement with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya Pradesh,  to fund projects worth Rs.22,000 crore for 225 MW hydro-electric projects & multipurpose projects in the State of Madhya Pradesh. […]

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China unveils infrastructure plans; will boost steel, diesel demand

China has laid out plans to issue Yuan 3.75 trillion ($526.8 billion) of new local government special bonds this year, up from Yuan 2.15 trillion in 2019, which will boost infrastructure construction and benefit diesel as well as steel consumption. The announcement came during Premier Li Keqiang’s address to the National People’s Congress on May […]

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Fitch Ratings makes further cuts to global GDP forecasts, but says global recession bottoming out; India decline seen at 5%

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Fitch Ratings said it was making further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO), but added that the slump in global economic activity was close to reaching its trough. “World GDP is now forecast to fall by 4.6% in 2020 compared to a decline of 3.9% predicted in our late-April […]

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India’s April 2020 crude processing quantity sees biggest drop in nearly two decades

India’s crude oil processing in April slumped by 28.8 per cent from a year earlier, its biggest drop since at least 2003, as a nationwide lockdown weighed on fuel demand and forced refiners to cut production. Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed. The […]

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Global capital backs Indian solar power and renewable energy

Indian solar power continues to draw foreign capital as plunging tariffs offer ample opportunities to invest in clean, zero-emissions energy sources. A study jointly commissioned by US-based think tank Institute for Energy Economics & Financial Analysis (IEEFA) and JMK Research & Analytics shows that the current solar tariffs hovering at Rs 2.50-2.87 per unit is 20-30 per cent cheaper than the cost of […]

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India’s move to open commercial coal mining can halve its annual import bill, says CRISIL

India’s move to open up commercial coal mining can halve the annual expenditure incurred on importing non-coking coal because of substitution through domestic production. In fiscal 2020, India imported an estimated 180-190 million tonne (MT) of non-coking coal costing over Rs 90,000 crore. The government earlier this month approved the liberalisation of coal mining by […]

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