PARIS: The coronavirus crisis has sparked talk that the world might have reached peak oil demand but the OPEC group sees crude consumption continuing to grow during the next quarter century, driven in large part by greater use of cars in developing countries. In its latest forecasts, released on Thursday, OPEC sees surprisingly little […]
India to replace coal fired power plants with renewables: R K Singh
India is the world’s second largest coal consumer after China, and the third largest emitter of greenhouse gases. Coal-fired plants currently account for over half its nearly 373 gigawatt (GW) power generating capacity NEW DELHI: India is planning to replace retiring coal-fired power plants with renewable generating capacity in a bid to cut the nation’s […]
COVID-19: Post-crisis clean energy progress will need reliable supplies of critical minerals, says IEA
According to the IEA study, clean energy technologies generally require more minerals than fossil fuel-based counterparts. An onshore wind plant requires eight times as much minerals as a gas-fired plant of the same capacity New Delhi: The global clean energy sector would require a reliable supply of critical minerals to continue a smooth progress after the COVID-19 crisis, […]
Lockdown pulls down power consumption by 22.75 pc to 85.05 BU in Apr
The government had imposed lockdown from April 25 to fight the deadly coronavirus in the country. This resulted in lower commercial and industrial demand in April New Delhi: Power consumption in April dipped 22.75 per cent to 85.05 billion units (BU) compared to 110.11 BU in the same month a year ago, mainly due to […]
Lockdown to balloon discom losses, electricity demand to fall in decades
The Covid-19 outbreak and the subsequent lockdown has squeezed power demand sharply in March and April and the fall has been such sharp that demand for full year 2020-21 is set to report a 1 per cent decline, first time in almost 36 years New Delhi: One month of nationwide lockdown has done more damage […]
Average spot power price remains low at Rs 2.36 a unit during lockdown
The IEX has witnessed heightened activity among power distribution companies (discoms) since the coronavirus-induced nationwide lockdown on March 25, according to a statement by the Exchange New Delhi: Average spot power price has remained as low as Rs 2.36 per unit on the Indian Energy Exchange (IEX) during the lockdown period so far, which began […]
Partial easing of lockdown fails to perk up power demand, cool weather plays spoil sport
The experts said that the maximum temperature in second half of April can go as high as 40 degree celsius but it remained around 35 degree celsius on an average during last week New Delhi: Partial relaxation in lockdown for certain economic activities from April 20 onwards could not perk up power demand, which remained […]
Indonesia’s state utility cuts 2020 revenue target by nearly 15 per cent on coronavirus woes
Electricity demand in the world’s fourth most populous country has declined because of efforts to curtail the spread of the coronavirus that has shuttered some businesses and required residents to stay indoors JAKARTA: Indonesia’s state electricity company, Perusahaan Listrik Negara (PLN) cut its 2020 revenue target because the coronavirus outbreak is expected to cut power […]
Discoms to suffer Rs 30K cr revenue loss, face Rs 50K cr liquidity crunch due to lockdown: CII
According to the report, power sector, one of the essential services under the lockdown till May 3, is battling the twin issues of demand and liquidity compression New Delhi: Industry body CII on Friday said discoms are likely to suffer a net revenue loss of around Rs 30,000 crore and liquidity crunch of about Rs […]
Thermal power PLF could fall below 55 pc level in FY21
The rating agency estimates the pandemic could lead to the thermal plant load factor (PLF) falling below 55 per cent for 2020-21, closer to the technical minimum standards, on account of a gradual ramp-up in industrial load and the muted electricity demand New Delhi: Thermal power plant load factor or capacity utilisation could fall below […]