Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions observed in the US (23.6%), Indonesia (13.1%), Russia (8.1%) and Australia (5.5%). These were only partially offset by increases in China (4%) and India (0.7%). Additionally, during the last year, there was an estimated […]
State-owned NLC India Ltd. (NLCIL), earlier known as Neyveli Lignite Ltd., has made a capacity addition of 517.5 MW in 2020-21. This includes 500 MW of lignite-based thermal power and 17.5 MW of solar with battery energy storage system. With this, NLCIL and its subsidiaries’ installed power generating capacity has increased to 6,061.06 MW. During the year, […]
State-owned hydropower giant NHPC is going to form a joint venture with, Jammu and Kashmir State Power Development Corporation Ltd (JKSPDCL) under the name of ‘Ratle Hydroelectric Power Corporation Ltd’, to implement an 850-megawatt (MW) hydroelectric project in Chenab river basin, according to a BSE filing. To that effect, “a promoters agreement has been signed on April […]
Natural gas production in member nations of the Organisation for Econonic Co-Operation and Development fell by 3.2% on year in January, according to the International Energy Agency (IEA). The fall was led by the United States, where production declined by 2.8% amid the Covid outbreak. Production of European members fell by 5.9% mostly due to […]
The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the “major” category, which ranges between Rs […]
Ingka Group, the owner of most IKEA stores worldwide, agreed to buy a 49-percent stake in eight solar parks in Russia from Solar Systems LLC, marking its first investment in renewable energy in the country, according to a Reuters report. The total book value for the eight parks is more than 21 billion roubles ($272.16 million), […]
Gurugram-based Amplus Solar, Asia’s leading distributed energy company providing low carbon energy solutions to industrial and commercial customers, has bought 17 solar rooftop assets of Sterling and Wilson, adding 7.2 megawatt (MW). A part of the Petronas group of Malaysia, Amplus Solar already has 800 MW plus projects operational in the distributed solar segment and under construction […]
Two of the world’s prominent energy organisations—Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA)—have revised upwards their demand forecast for oil this year, which could help sustain a price rally. Demand will increase by 5.95 million barrels per day this year, which is around 70,000 barrels per day more than last […]
State-owned Oil and Natural Gas Corporation (ONGC) has invited bids for the sale of initial 2 million standard cubic meters per day of gas from its KG basin fields at a minimum price of $6.6 per mmBtu. According to the tender document, ONGC intends to start natural gas sale from its KG-DWN-98/2 block, located in the east […]
State-owned major sector oil refiner Bharat Petroleum Corporation (BPCL), slated to be disinvested, plans to further reduce its dependence on crude oil from West Asia to 50 per cent from 65 per cent. The company plans to increase its sourcing from countries in West Africa, Far East, and Latin America. The plan, to be implemented in […]
