Power Crisis

Pakistan's power crisis lingers, paralyses economic activities

The crisis forced the government earlier this month to order shopping malls and markets to close by 8.30 p.m. for energy conservation purposes

Russia attacks Ukrainian energy systems leading to power emergency

According to Klitschko, in Kyiv, even after hours of repairs, about two-thirds of the residents were left without heat and water and about 60% were left without electricity

Zelenskyy calls for aid of 50 mn LED lightbulbs to cope with energy crisis

In the wake of Russian attacks on Ukraine's fragile energy infrastructure, President Volodymyr Zelensky has called for 50 million LED lightbulbs which would save around one gigawatt of power

Ukraine schedules power cuts in Kyiv, three other regions from today

The development comes as millions of Ukrainians have been experiencing power cuts after repeated Russian strikes on the country's critical energy infrastructure

Swedes may face 'even worse' energy situation next winter: Expert

The energy situation will be even worse next winter in Sweden, an expert from the Swedish Energy Agency warned.

EU set to adopt emergency package in Nov to tackle current energy crisis

A package of emergency energy measures proposed by the European Commission last week to mitigate the effects of the current energy crisis should be adopted by November end, senior officials said

EU leaders agree on roadmap to protect consumers from rising energy prices

Leaders of the European Union (EU) member states have agreed on a 'roadmap' of measures to protect European consumers from soaring energy prices

Ukraine to restrict energy supplies as Russia knocks out more power plants

Ukraine said they will introduce restrictions on electricity supplies across the country and scheduled blackouts nationwide after losing at least 40 per cent of the nation's power generating capacity

EU leaders united against Russia, divided over today's energy summit

The European Union has shown rock-solid unity in confronting Russia over its war in Ukraine, but EU leaders lack that common purpose heading into Thursday's summit to seek joint measures to contain an energy crisis that has already dented their economy and threatens to spread hardship among the bloc's 450 million people this winter. Natural gas prices spiraled out of control over the summer as EU nations sought to outbid one another to fill up their reserves for winter. Now EU leaders will seek to increasingly pool their purchases of gas and set a temporary price cap to make sure an overheated energy market does not return to haunt them again. The 27-nation bloc hit Russia with a series of economic sanctions since the Feb. 24 invasion of Ukraine. Russian President Vladimir Putin has responded by choking off pipelines that used to send plentiful oil and gas to stoke the wheels of industry across much of the EU. Russia has systemically tried to blackmail us through energy, said EU ...

Energy rate, availability among short-term challenges for India: Sitharaman

Energy prices and availability are among the biggest problems facing the Indian economy in the near future, Finance Minister Nirmala Sitharaman said

Germany to set up $196 billion stabilisation fund to fight energy crisis

Germany is putting up a "defensive umbrella" of up to 200 billion euros ($196 billion) to stabilise the country's economy during the energy crisis, Chancellor Olaf Scholz announced

With comfortable coal stocks, no power crisis likely this festive season

India is unlikely to see a repeat of the 2021 energy crisis this festive season as coal-fired power stations across the country have comfortable levels of the fuel stock to meet electricity demand of the world's fastest expanding major economy. Learning lessons from the October 2021 energy crisis, when power stations were put on outage alert, due to coal stocks falling to the lowest level in years, the ministries of coal and power as well as railways this year have worked out a plan to ensure adequate fuel stocks at electricity generating units, officials said. With coal used to produce almost 70 per cent of electricity, officials are confident that the 2021 crisis will not be repeated this festive season that kicks in a week's time. Electricity demand in India has soared with a rebound in industrial activity after easing of pandemic-related curbs. And the increased lightning needs during the festive season is likely to send the demand shooting. According to a coal ministry officia

S Africa: Prez Cyril calls meet on electricity crisis, nationwide blackouts

South African President Cyril Ramaphosa had an urgent meeting scheduled with his Cabinet on Wednesday to discuss the country's electricity crisis, which has led to unprecedented levels of nationwide power blackouts in Africa's most developed economy. The troubled state-owned power utility Eskom, which produces about 95% of the country's electricity, is implementing scheduled, rolling blackouts in an attempt to save electricity while struggling to keep its ageing and poorly maintained coal-fired power stations operational. Ramaphosa returned home to chair the meeting with his ministers after attending the funeral of Queen Elizabeth II in London. He cancelled his trip to New York to attend the United Nations General Assembly. Eskom had started implementing Stage 6 power cuts, a level that means businesses and homes go without electricity for more than 10 hours a day. The company has since reduced the level to Stage 5, which requires South Africans to go without power for up to eight .

Greek PM announces more measures to tackle energy crisis, inflation

Greek PM Kyriakos Mitsotakis has announced a package of measures including raising the minimum wage and pensions to further help households and businesses tackle the energy crisis and high inflation

UK PM contender Truss promises to address energy bill problems if elected

UK PM contender Liz Truss promised to address energy bill problems right away if elected

Tens of thousands rally in Prague to demand action on surging energy prices

Tens of thousands took to the streets of the Czech capital to protest the government's inaction as the deepening energy crisis continues to batter the central European economy

Fracking giant Liberty Energy says fossil fuels to rule for decades

"We're investing a lot of money in some new energy technologies; some of this is great, but it's not an energy transition," Wright, chief executive officer at Denver-based Liberty Energy said

Coal crisis, supply crunch hasten metal makers' switch to renewable energy

The increased expenses slashed profits of some of the biggest mills in India at a time when commodity prices were rallying to multi-year highs

More UK energy aid to come under incoming leader, says Nadhim Zahawi

Zahawi's remarks come as economic headwinds build against the UK, with the Bank of England predicting a recession lasting more than a year amid surging inflation

No hot showers, street lights; here's how Europe is slashing energy use

As the Kremlin slashes gas deliveries and power-plant outages intensify a supply squeeze, Europe has little alternative but to curtail demand