Global electricity review 2024
Renewables generated a record 30 percent of global electricity in 2023, driven by growth in solar and wind especially from China, according to the Global Electricity Review 2024 released by the global
Energy
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Energy audit for Govt buildings
The Delhi government has ordered an energy audit for prominent government buildings. The order was issued in the last week of December after which seven government buildings have been identified as
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Lanco group to set up power project in Chhattisgarh
The Lanco group, having diversified interests in power generation, manufacturing, IT and engineering and construction, has promoted an SPV to develop a 250 MW coal-based power project near Korba in
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Venezuela, Opec take crude prices to new one-year highs
Oil prices forged new one-year highs as concerns political strife in Venezuela could spin out of control combined with expectations that OPEC will keep its vows to cut output next
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Reliance, oil PSUs end supply deal
Reliance Industries is not seeking to extend its long-term marketing contract with the public sector oil retailers, Indian Oil, Hindustan Petroleum and Bharat Petroleum, beyond March 31. Reliance is
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PetroChina upbeat on pipeline operation
Top Chinese oil firm PetroChina (0857.HK: Quote, Profile, Research) said revenues would get a boost when full commercial operations at its mammoth $8 billion West-To-East gas pipeline begin ahead of
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Iran offers to bear 50 p.c. of gas pipeline project cost
Teheran has offered to bear half the cost of a gas pipeline from Iran to India, a leading Iranian energy expert, Narsi Ghorban, said. Arguing in favour of an overland pipeline as opposed to an under
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Spot trading of power may start soon
A wholesale market for electricity is taking shape in the country, with at least three new power exchanges being planned by different players. Power Trading Corporation (PTC) is awaiting a response
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Regulatory certainty needed for financial confidence in wind farms
Wind power needs a long period of regulatory certainty to maintain financial confidence in the industry, Jake Ulrich, Managing Director of Centrica said this week. Speaking at the British Wind Energy
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Mayor launches energy strategy for London
The London Energy Strategy was officially launched this week, by Mayor Ken Livingstone, with a variety of proposals to encourage energy efficiency and combat fuel poverty. Under the strategy, London
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IOC ties up with LNG customers for 5 years
The Indian Oil Corporation Ltd, a co-promoter of Petronet LNG Ltd, has tied up for complete sale of 2.52 mmscmd of gas allotted to it through strategic gas sales agreements (GSAs) with key customers