Central public sector enterprises (CPSEs) have registered 45 per cent growth in investment on capital expenditure over the previous year, the power ministry has said. For FY2021-22, the capital expenditure (capex) target of the CPSEs, under the Ministry of Power, is Rs 50,690.52 crore, a power ministry statement said. Power sector CPSEs incurred a capex […]
New restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market, and potentially slow progress towards India’s national target of 450 gigawatts (GW) of installed renewable capacity by 2030, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. Banking […]
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 […]
Analysts at rating agency ICRA have revised the country’s energy demand growth outlook for the ongoing fiscal upward to 8.5 per cent on a year-on-year (y-o-y) basis, from 6 per cent estimated earlier. The expectation of higher power demand growth is based on electricity requirement rising 12.7 per cent y-o-y in the first six months […]
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 […]
