He said that this is an opportunity to move away from high carbon businesses in order to reduce emissions and move to sustainable energy New Delhi: The government should encourage renewables and ensure that states taking the economic stimulus package to minimise the impact of COVID-19 are not biased against renewable energy (RE) projects, according […]
Lockdown to increase discoms’ book losses to Rs 200 bn: ICRA
The demand slowdown amid the lockdown is likely to lead to a de-growth of 1.0% in electricity demand for the full year of FY2021. The nation wide lockdown to control Coronavirus outbreak is likely to increase the book loss level for the discoms at all India level by Rs 200 billion in FY2021 as it […]
India’s annual power demand seen falling for first time in almost four decades: Moody’s unit
Power usage has fallen by almost a quarter since Prime Minister Narendra Modi enforced a nationwide lockdown starting March 25, forcing all industries except those deemed essential to shut down CHENNAI: India’s electricity demand during the current financial year is seen falling for the first time in at least 36 years, ratings agency Moody’s unit […]
World’s Largest Solar Project Will Also Be Its Cheapest
A consortium comprising EDF and JinkoSolar emerges as the leading bidder in Abu Dhabi’s latest solar tender. Abu Dhabi has set a global record-low solar price as authorities confirmed the winning bid in a 2-gigawatt tender. Upon its expected completion in mid-2022, it is slated to be the largest single-site solar energy project in the […]
Vijayawada: Discoms succeed in reducing power procurement cost
Vijayawada: In spite of the adverse conditions due to the lockdown following the outbreak of coronavirus, the AP Transco is continuously taking steps to reduce the power procurement cost. A communiqué from the office of the Transco CMD Nagulapalli Srikanth said that during the lockdown all bulk consumers were shutdown. Only critical healthcare, government machinery, […]
Portugal’s Galp sees further pandemic damage, Q3 recovery still uncertain
The company said recovery relied on a number of factors, including government policies, the impact of the pandemic on the wider economy and supply and demand for oil LISBON: Portugal’s Galp Energia said on Monday the collapse in demand caused by the coronavirus pandemic was set to further impact its performance in the second quarter […]
Germany, Britain call for ‘green recovery’ from pandemic
Schulze suggested that one way to do this would be to help care workers buy electric vehicles for house calls. “These are many, many vehicles,” she told The AP. “It would help the economy and it would move us forward (in curbing emissions)” BERLIN: Germany and Britain said Monday that efforts to revive the global […]
Delhi’s Peak Power Demand Reduces By Up To 49% During Lockdown
Delhi’s peak power demand has reduced by up to 49 percent with commercial and industrial activities virtually at a standstill due to the lockdown imposed to contain the spread of coronavirus, discom and power department officials said. According to official data, the peak power demand during the day has reduced by 40-50 percent, while the […]
Inox Wind resumes production at all three manufacturing plants
Wind turbine maker Inox Wind Ltd on Monday said it has resumed operations at all three manufacturing plants. These plants are locatedat Barwani (Madhya Pradesh), Ahmedabad (Gujarat) and Una (Himachal Pradesh). In a regulatory filing Inox Wind said it has resumed operations at its three plants. “… after obtaining requisite permission from concerned district administration, […]
U.N. agency calls for $1 trillion developing world debt write-off
JOHANNESBURG: Around $1 trillion of debt owed by developing countries would be cancelled under a global deal proposed by the United Nations Conference on Trade and Development (UNCTAD) on Thursday to help them overcome the impact of the coronavirus pandemic. The world’s developing economies, which were already struggling with a rapidly growing debt burden, must […]