India is looking at a mammoth $500 billion worth of investment in creating renewable energy generation capacity with tendering of 500 Gigawatt (GW) by 2028 in addition to $250 billion investment in grid expansion and modernisation required for uptake of green energy capacity, according to the Institute of Energy Economics and Financial Analysis (IEEFA). The global think-tank […]
Southeast Asian countries are turning to low-cost coal to satisfy their surging electricity demand as the West shies away from the fossil fuel under pressure from green-minded investors. Indonesia is on track for the third-largest coal-fired power capacity of new plants under development, behind China and India. Vietnam follows in fourth place, while the Philippines […]
Carbon emissions reached 33.1 gigatons last year, breaking their previous record even though the annual increase was relatively modest, at 1.7 per cent, the International Energy Agency (IEA) said in its new Global Energy & CO2 Status Report. The disheartening increase, despite an even stronger push towards a shift from fossil fuels to renewables came on […]
Gas demand is expected to grow at 3.5% CAGR between fiscals 2018 and 2023 to 191-193 MMSCMD. The main push for incremental demand is expected to come from the fertiliser and city gas distribution (CGD) sectors, ratings agency CRISIL Research said in its latest report. The conversion of naphtha-based urea plants, commissioning of new capacities […]
The fast depletion of coal, a strategic resource and India’s fuel of choice currently, has huge implications for energy costs. As much as 64 per cent of coal is used for power generation, while the rest is used for other purposes. A TERI (The Energy & Resources Institute) document of 2013 said India does not […]
While petrol and diesel prices impact consumers directly, India is plagued by concerns around another fossil fuel, coal. However, coal helps meet around 45% of India’s energy needs. Power sector is the single major consumer of coal, and 79% of our electricity generation is accounted for by fossil fuels, primarily coal. The intermittent and unreliable […]
The International Energy Agency (IEA) sounded the alarm over a “worrying” pause in the shift to clean energy after global investment in renewables fell 7% last year and fossil fuel increased their share of energy supply investment for the first time since 2014. Global energy investment totalled $1.8 trillion in 2017, a 2% decline in real […]
Major oil companies’ investments in renewables businesses are likely to provide a useful hedge to secure positions in the fledgling alternative energy industry, rather than be a radical step to transition away from traditional businesses, Fitch Ratings said. So far these investments have been incremental, especially compared to the annual multi-billion dollar capital expenditure made […]
World energy consumption is projected to increase by 28% by 2040, according to the International Energy Outlook 2017, released by the U.S. Energy Information Administration (EIA). Most of the world’s growth in energy demand is projected to take place in countries outside of the Organization for Economic Cooperation and Development (OECD). China and the other non-OECD […]
The largest coal mining company in the world, Coal India, has announced plans to decommission a total of 37 mines which are no longer economically viable in India. Coal India, which accounts for over 80 per cent of the India’s coal production, produced an average of 1.42 tonnes of coal per day in June last […]
