Indian renewable power generators face modest gains from spiking power demand, says Fitch

Supply factors are likely to limit near-term growth opportunities for Indian renewable power generators stemming from the country’s current heat wave and high fossil-fuel prices, Fitch Ratings said adding that nonetheless, their medium-term prospects remain strong and are supported by government policies to diversify India’s energy base away from fossil fuels. Rising power demand as […]

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Renewables set to break another global record in 2022 despite headwinds – IEA

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New capacity for generating electricity from solar, wind and other renewables increased to a record level worldwide in 2021 and will grow further this year as governments increasingly seek to take advantage of renewables’ energy security and climate benefits, according to the International Energy Agency. The world added a record 295 gigawatts of new renewable […]

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India to face supply challenges, rising electricity demand

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India’s increasing electricity demand for cooling as summer approaches, as well as strong economic growth and challenges in increasing power generation will likely keep short-term electricity rates high in the near term, Fitch Ratings says. Electricity demand in India generally peaks during the warmer months of April to August, subject to weather patterns. “We expect […]

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Subsidies not optimal solution for clean steel, aluminum: OECD panel

Government subsidies in the steel and aluminum industries do not represent the best approach for achieving decarbonization initiatives because they instead pose the risk of counterintuitively contributing to environmental concerns, industry representatives and observers said. “We’re increasingly seeing subsidies claiming to encourage better environmental practices,” Julia Nielson, deputy director of trade and agriculture for the […]

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Wood Mackenzie predicts 2022 to be a year of rebalancing for metals and mining industry

If 2021 was the year of rebound for metals and mining (M&M) commodities, then 2022 is shaping as the year of rebalance, predicts global commodity research firm, Wood Mackenzie, Wood Mackenzie vice chair Julian Kettle said: “The most likely outcome is an environment where commodity prices can settle from the extraordinary highs of 2021. But […]

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Odisha to receive Rs 441.66 crore investment for demand side management of electricity programme

Odisha will get a total investment of Rs 441.66 crore for demand side management (DSM) programme launched by ISC and EESL in partnership with four DISCOMs in the state. Energy Efficiency Services Limited (EESL), a JV under the Union Ministry of Power along with Institute for Sustainable Communities (ISC), with support from P4G launched a […]

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Normalising economies are leading to rampant demand for coal globally – report

Care Advisory & Research said economies are coming back to normalcy leading to rampant demand and that is driving energy prices reflecting in the demand-supply mismatch. In an interview with CNBC-TV18, CARE’s director Tushar Shah said, “Australia and Indonesia are the two countries which are the biggest exporters of coal. India is one of the […]

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India’s power consumption dips by 2% to 72 million units; crisis not yet over

Power consumption dipped by nearly 2 per cent or by 72 million units (MU) to 3,828 MU on Saturday compared to 3,900 MU on Friday, showing slight improvement in supply situation across the country amid coal shortage crisis, according to the power ministry data. According to the data, the power consumption of 3,900 MU on Friday or October 8 was […]

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