Aluminium prices have peaked, climbing to its highest level in more than 13 years, driven by concerns over supply in China, the world’s biggest consumer and producer of the metal. The most-traded October aluminium contract on the Shanghai Futures Exchange (ShFE) rose as much as 5.1% to 23,770 yuan ($3,683.27) a tonne, the highest level […]
India’s aluminum makers are calling on state-run Coal India Ltd. to restore supplies of the fuel, after the producer cut back shipments to prioritize deliveries to power plants amid surging electricity demand. The producers, typically among the largest industrial electricity consumers, face severe disruption if smelters experience outages and have few alternatives to domestic coal, […]
India’s power consumption grew by 18.6 per cent in August to 129.51 billion units (BU) and remained higher than the pre-COVID level due to improved economic activities amid easing of lockdown curbs by states, according to power ministry data. The country’s power consumption in August last year stood at 109.21 BU, lower than 111.52 BU […]
Coal India-led subsidiary, Northern Coalfields Limited (NCL) has dispatched the highest ever coal in a single day last week on 27 August, 2021. NCL’s offtake grew to a whopping 3.87 lakh tonnes. As per the Coal Ministry data, NCL has also sent the highest ever, 38 Coal Rakes of Indian Railway to upcountry coal consumers […]
S&P Global Platts Analytics expects India’s oil products demand to grow by an average of around 250,000 barrels per day (bpd) every year over the next decade, supported by population growth and a steady rise in disposable personal incomes. The International Energy Agency recently said that India could witness the biggest increase in energy demand […]
Cash losses of India’s power distribution companies (discoms) will remain elevated at around Rs 46,000 crore this fiscal, or 40% higher than the Rs 33,000 crore seen in the pre-pandemic levels of fiscal 2020, ratings agency CRISIL said in a report. This is because revenues will remain constrained as demand from high-paying, commercial and industrial […]
India’s power consumption grew by 9.3 per cent in the first week of August to 28.08 billion units (BU) due to improved economic activities after easing of lockdown curbs by states, according to power ministry data. During August 1-7 in 2020, the power consumption was 25.69 BU. It was 25.18 BU during August 1 to […]
Improving industry demand is expected to prop up India’s energy consumption by over ~75 billion units (BUs) this fiscal, or 5 per cent on-year – the fastest growth in the past three fiscal, says a CRISIL Ratings report. Thermal plants will continue to be the mainstay generator of power to meet the higher demand of […]
India’s wind, solar, hybrid (WSH) project capacity is poised to grow from 310 megawatts (MW) at present to about 9,500 MW by 2025, according to a recent report by Bridge to India. In recent years WSH projects have garnered significant interest due to the growing demand for firm green power from both DISCOMs and corporate […]
India’s power generator company, JSW Energy Ltd. has laid out a Rs 75,000 core ($ 10 billion) plan to shift away from coal, joining other Indian thermal producers who are beginning to seek growth in renewable power. The company will add about 15.4 gigawatts of solar, wind and hydropower plants by March 2030, the company […]
