Page 4 - Energy Sector

Over 300 French companies urge govt to take action on surging energy prices

Over 300 French companies have alerted the country's government to the negative effects of the surging energy prices, Minister Delegate for Industry Roland Lescure has said

Russia to flood Asia with fuels as Europe ramps up sanctions: Report

Moscow plans to raise taxes on energy sector to the tune of $50 bn in 2023-25

PFC eyes new infra, net zero value chain: Chairman & MD R S Dhillon

'PFC and REC have sanctioned close to Rs 2 trillion covering 36 discoms', said Dhillon

German Chancellor Olaf Scholz betting billions of euros on securing energy

Scholz's strategy adds pressure on the country's finances at a time when Germany already risks tipping into recession

Nayara Energy seeks Centre's approval on independent directors' pay

The company said the remuneration proposed to be paid to the independent directors is comparable with the remuneration being paid for similar assignments in the industry

India considers further coal imports as concern over energy supply grows

Stockpiles of the fossil fuel at power plants have fallen about 11% since mid-August, meaning utilities have an average of 10 days supply, well below required levels of more than three weeks

UK's new PM Liz Truss to announce govt plan to ease soaring energy bills

British Prime Minister Liz Truss will announce Thursday how her new government plans to ease the burden of soaring energy bills that have left people and businesses across the U.K. facing a bleak winter. Truss is due to make a statement in the House of Commons and is expected to impose a cap on bills that are skyrocketing because of Russia's invasion of Ukraine and the economic aftershocks of COVID-19 and Brexit. The announcement, on Truss's second full day in office, comes after a summer in which the government refused to say how it would respond. Former Prime Minister Boris Johnson was not able to make major decisions after announcing in July that he would resign. Truss, who won the Conservative Party contest to replace Johnson as leader, declined to announce her plans before she was in office. Truss, a free-market conservative, has said she favours tax cuts over handouts, but has been forced to act by the scale of the crisis. She is expected to cap domestic energy bills, which ..

Oil price rises after Russia's Putin threatens to halt energy supply

Oil rebounded after President Vladimir Putin said on Wednesday that Russia will stop supplying gas and oil if price caps are imposed on Russia's energy resources

Euro falls below 99 cents hitting 20-year low on Russian gas halt concerns

The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia's halt on gas supply down its main pipeline to Europe sparked concerns

60% of British factories at risk of going under as energy bills soar

MakeUK, the lobby group for UK factories, said that nearly half of manufacturers have experienced a jump in electricity bills of more than 100% in the past year

Demand uptick positive for NTPC, Coal India; price uptrend may continue

The Fuel Supply Agreement (FSA) realisation was Rs 1,443 per tonne and the e-auction realisation was Rs 4,340 per tonne

Decoding Azure Power: India's first NYSE-listed renewables company

Stock tanks after new CEO's sudden resignation, whistle-blower complaint

Wind energy has huge potential in India, to cost less by 2026: GWEC

The agency analyses the factors that can reduce the levelised cost of energy over the next few years.

Reliance aims to double its value in 5 years as it gets future-ready

5G, new energy, O2C, retail, FMCG among growth engines for company, says Ambani

India's shaky energy security and growing dependency on foreign fuels

New Delhi is yet to announce a comprehensive and detailed policy across the energy spectrum to tackle this very real threat to economic growth

Telecom, energy sectors see sharpest earnings cut after Q1

The Nifty earnings per share (EPS) is estimated to grow 9 per cent year-on-year to Rs 785 in FY23, against an earlier expectation of 13 per cent growth to Rs 820

Energy crisis tearing through global stock markets leaves a trail of losers

The inflation surge has also prompted an aggressive response from the world's major central banks

India has decided to be self-reliant in energy sector in next 25 yrs: PM

Prime Minister Narendra Modi on Sunday said that India has decided to become self-reliant in energy sector in the next 25 years. Addressing a programme held to mark 40 years of Suzuki Motor Corporation in India at the Mahatma Mandir convention centre here, Modi also hailed the relationship between India and Japan. "India wants to be aatmanirbhar (self-reliant) in energy sector in the 'amrit kaal' of next 25 yerars," he said adding that transportation is one key things to achieve it. Modi said that electric two wheelers and four wheelers make no noise and are silent. "The silence of electric vehicles is bringing a new silent revolution in the country," he said. The prime minister said Gujarat-Maharashtra bullet train to Rudraksh Centre in Varanasi and many such developmental projects are examples of India-Japan friendship. Former prime minister of Japan late Shinzo Abe worked to bring the two countries closer and the present PM (Fumio) Kishida is working further for it, Modi added.

Need to diversify agriculture towards power, energy sectors: Gadkari

With India being energy deficient, there is a need for the country to diversify agriculture into energy and power sectors, Union Minister for Road Transport and Highways Nitin Gadkari said on Saturday. "We already have energy shortage. We are making an expenditure of Rs 15 lakh crore every year for importing petrol, diesel and other petroleum products. So, this is the time we can diversify agriculture towards the energy and power sector," Gadkari said while addressing the felicitation programme of National Cogeneration Awards 2022 in Mumbai. He urged the industry to focus on alternative fuels with the help of futuristic technologies. "While 65-70 per cent of our population depends on agriculture, our agricultural growth rate is only 12-13 per cent. And the next move should be cogeneration to increase revenue from sugar. The industry should produce less sugar and more byproducts, embracing the vision for futuristic technologies and using the power of leadership to convert knowledge .

Fuel crisis prompts Bangladesh to cut govt office hours to save energy

Bangladeshi government offices will cut back office hours in a bid to save energy, as the country struggles with a fuel crisis, an official said