Page 2 - Power Crisis

Europe's energy concerns drag euro to 20-year low, stokes recession fears

"No surprise then to see the USD at near multi-decade highs against a falling EUR and GBP."

Energy crisis deepens in Europe as high temp, drought hits power supply

From January to May, hydroelectricity production fell by nearly 40 per cent compared to the same period last year, according to Utilitalia, Italy's federation of water companies

Bangladesh to cut school and office hours as it battles power shortage

The South Asian country last month shut down all 10 of its diesel power plants after Russia's invasion of Ukraine drove up the cost of imported fuel

China extends power rationing for factories in drought, losses to deepen

Power rationing that forced factories in China's southwest to shut down has been extended through at least Thursday due to low water at hydroelectric dams, according to a notice reported by news outlets and a company announcement, adding to losses from the hottest, driest summer in decades. The tense situation of power supplies in Sichuan province has further intensified, Tencent News reported Monday. There was no public announcement, but the report included a photo of the government notice to companies. The drought and heat have wilted crops and caused rivers including the giant Yangtze to shrink, disrupting cargo traffic. State media say the government will try to protect the autumn grain harvest, which is 75% of China's annual total, by using chemicals to generate rain. The disruption adds to challenges for the ruling Communist Party, which is trying to shore up sagging economic growth before a meeting in October or November when President Xi Jinping is expected to try to award .

Power crunch in Sichuan province adds to manufacturers' woes in China

High temperatures, record electricity demand cause gaps in power supply

Poorer nations face unrest as wealthy nations snap up fuel: Report

Shops in Bangladesh are closing at 8 pm as part of energy austerity measures, while Mexico's government has bolstered subsidies to cushion residential electricity costs

India may delay coal plant closures amid crisis in blow to climate action

India's government is studying a slower retirement of aging coal-fired power plants as it also adds newer sites, a move that would keep fossil fuel capacity higher for years

Norsk Hydro shuts aluminum plant in Slovakia as Europe's power woes deepen

Aluminum is one of the most energy-intensive metals to produce, and closure of the Slovalco facility adds to growing signs of stress in Europe's industrial economy as power prices surge to record high

Rooftop solar system on your mind? Check benefits, cost, and how to apply

In a rooftop solar plant, solar panels are mounted on top of a residential or commercial building

Japan begins 3-month energy saving period for first time in 7 years

The Japanese government for the first time in seven years has requested that businesses and households begin a three-month period of conserving electricity to avoid a power crunch

India's power consumption grows 17.2% to 134.13 billion units in June

Power consumption in the country grew by 17.2 per cent year-on-year to 134.13 billion units (BU) in June, amid severe heat and spurt in economic activities

India continues to grapple with power crisis after coal price surge: Report

India is continuing to grapple with a "severe and protracted" power crisis after a sustained surge in global coal prices in late-2021 was further aggravated by Russia's invasion of Ukraine in February, S&P Global Commodity Insights said.

Japanese govt warns Tokyo of power crunch as country endures heat wave

The Japanese government warned of possible power shortages Monday in the Tokyo region, asking people to conserve energy as the country endures an unusually intense heat wave

Pakistan faces escalation of power crisis as LNG tenders scrapped

Pakistan is again facing an escalation of power crisis after it failed to agree on a deal for natural gas supply next month

Pakistan energy crisis: Karachi markets to shut at 9 pm to save electricity

The vibrant nightlife in Pakistan's biggest city Karachi has been hit with the Sindh province govt directing all shopping malls, markets, wedding halls and restaurants to close down early to save fuel

Pakistan FinMin warns of default if fuel subsidies not abolished

Ismail claimed that the government was still giving Rs 19 subsidy on petrol and Rs 53 subsidy on diesel

CIL issues import tender for 2.4MT of coal, identifies 26 beneficiaries

The imported coal would be supplied to state government-owned gencos and independent power producers (IPPs), 1.2 mt each

Power crisis: Pakistan to shut markets at 8:30 pm, puts curbs on weddings

Pakistan, which is facing a worsening power crisis, has taken various steps to bring down the consumption of electricity to reduce load shedding

India's power crisis deepens as policy issues eclipse rooftop solar

A streamlined policy could have helped save coal reserves, cut emissions & averted embarrassment of dealing with frequent power crises

Power shortages may persist as thermal capacity lags power demand: Report

Thermal power contributes as much as 75 per cent of the country's total power generation