IKEA, a Swedish home furnishing and retailing giant has announced that it will launch a programme in India, Poland and China in 2021 to help suppliers to make a transition to 100 per cent renewable energy (RE). The company plans to invest and support nearly 1,600 direct suppliers for this initiative, IKEA said in a […]
The Indian Renewable Energy Development Agency Ltd (IREDA) has asked for bids from solar module manufacturers for setting up solar manufacturing units under the government’s Rs 4,500 crore Production Linked Incentive (PLI) scheme. The Ministry of New and Renewable Energy (MNRE) has made state-owned IREDA, the implementing agency for the PLI scheme. Earlier in April, […]
The International Energy Agency expects spare capacity in the OPEC+ alliance to rise by 180,000 barrels per day (bpd) next year to 50.55 million bpd, driven by hikes from Mideast Gulf producers, Reuters reported. “Saudi Arabia and Kuwait are expected to continue to build up production in the shared Neutral Zone, the UAE raises capacity […]
India’s first CNG Mobile Refuelling Unit (MRU) was inaugurated by Petroleum Minister Dharmendra Pradhan on Tuesday. The MRU has been jointly developed by Indraprastha Gas (IGL) and Mahanagar Gas. Pradhan also inaugurated 201 Compressed Natural Gas (CNG) stations across the country during the ceremony which was conducted virtually in light of the COVID-19 pandemic. The mobile CNG […]
State-run electricity distribution companies’ (discoms’) overdues — pending receivables of 45 days or more — from private power producers increased by 8% on year to Rs 36,018 crore at April-end, even as their total overdues stood at Rs 68,330 crore, down 9.6% from a year earlier. Receivables from central government power stations fell 39% annually […]
India has announced a third round of international bidding for discovered small (oil) fields (DSF), urging officials to work at an exponential speed to monetise the country’s natural resources, a government statement said. The opening of the third round of bidding was another step towards unlocking resources, the statement quoted Dharmendra Pradhan, Minister of Petroleum […]
GAIL, India’s largest gas utility, is set to bid for a 400 megawatts (MW) solar power capacity being auctioned by SECI (formerly Solar Energy Corporation of India), making it the latest state-run company to make an entry into the renewable energy (RE) space. GAIL’s Chairman Manoj Jain told Times of India that the company will bid for three photovoltaic […]
State-owned Coal India Limited (CIL) said its e-auction sales registered a growth of 52.5 per cent at 21.5 million tonnes (MT) in the first two months of the ongoing fiscal year, FY 22. CIL’s total allocated quantity under the five auction windows was at 14.1 MT in April-May 2019-20, the coal behemoth said in a statement. Demand from Coal […]
If the world were to follow the International Energy Agency’s controversial road map, which said investment in new fields would have to stop immediately to achieve net-zero carbon emissions by 2050, “the price for oil will go to, what, $200? Gas prices will skyrocket,” said the Russian Deputy Prime Minister Alexander Novak at the St Petersburg International […]
State-owned refinery, Indian Oil Corporation (IOC) on Monday has signed up an investment pact for adding petrochemical and lube plants to its previously announced plan to expand crude oil processing capacity at its Koyali refinery at Vadodara in Gujarat. Expanding refining capacity by 4.3 million tonnes per annum to 18 million tonnes and adding plants to produce 500,000 tonnesper annum of polypropylene and 2,35,000 tonnes of lube […]
