New restrictions on banking of power sector to hit country’s renewable energy prospects: JMK Research

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 […]

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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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Aluminum makers in India desperate for coal as power supply gets erratic

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, […]

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Coal India subsidiary, Northern Coalfields Ltd. dispatches highest ever coal of 3.87 lakh tonnes in a single day

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 […]

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India’s oil products demand to grow by an average of around 250,000 barrels per day every year over the next decade: S&P Global Platts

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 […]

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Losses of India’s power distribution firms seen rising 40% on limited tariff hike, high interest outgo – CRISIL

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 […]

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