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EU Sees electricity Production Doubling By 2050 To Reach Net Zero

The commission is currently drafting a climate roadmap for 2040 and is set to recommend a 90 per cent pollution cut from 1990 levels, according to media reports The European Union (EU) is facing the formidable task of more than doubling its electricity generation by the mid-century to meet ambitious climate neutrality goals, according to […]

Indian Companies Secure Agreements At POWERGEN Expo In The United States

Indian companies are actively seeking business and collaboration opportunities in the power generation sector, showcasing their capabilities and entering into partnerships with global entities at the ongoing POWERGEN International Expo in the United States. The expo, taking place from January 23 to 25, is organised by the Indian Chamber of Commerce (ICC) with the support […]

India Expects Fuel Demand To Grow 2.7% In The Next Fiscal Year

 India’s fuel consumption is expected to rise 2.7 per cent  in the next fiscal year beginning on 1 April, initial government estimates show In the fiscal year 2024-25, fuel consumption in India is projected to experience an uptick, reaching 238.954 million tons compared to the revised estimate of 232.561 million tons for the current fiscal […]

PTC India Initiates Power Delivery From Nikachhu Hydro Plant To Assam

According to the statement, PTC India commenced power supply from Nikachhu Hydroelectric Project, Bhutan, to Assam under the long-term PPA Power trading solutions provider PTC India announced on Thursday the commencement of power supply to Assam from the Nikachhu Hydroelectric Project in Bhutan. The execution of a Power Purchase Agreement (PPA) with Bhutan and a […]

ICRA Projects A Rise In Thermal Power Plants’ Capacity Utilisation To 69% In Fiscal Year 2025

The capacity utilisation of thermal power plants will increase by a percentage point to 69 per cent in 2024-25, led by the growth in electricity demand and limited thermal capacity addition, says rating agency ICRA   Spot power tariffs in the day-ahead market (DAM) of the Indian Energy Exchange have remained notably high at Rs […]

Embracing A Circular Economy For Unleashing Economic Potential

The global economy, as highlighted in the Circle Economy Foundation’s “Circularity Gap Report 2024,” is currently only 7.2 per cent circular, indicating untapped economic potential in this transformative shift In the imperative shift from fossil fuels to renewables, equal attention is being directed towards embracing circularity as a key sustainability strategy. Sustainable material management is […]

Joshi Aims to Eradicate Coal Imports by Fiscal Year 2026

Union Minister Prahlad Joshi aims to eliminate coal imports by 2025-26, with plans to reduce the share to 2 per cent in the upcoming fiscal year, emphasising increased coal production and private sector involvement Union Minister for Coal and Mines, Prahlad Joshi, stated on Wednesday that the country’s energy security necessitates the continued use of […]

Report Highlights Failure Of Indian Financials To Recognise Water Management As Material, Underscoring Negative Consequences

The report raises concerns about the rising water consumption in water-stressed regions by corporations operating there Despite an increase in water consumption year-on-year (YoY), financials in India have not identified water management as material or any negative financial implications from it, revealed a report by cKinetics. The report titled, ‘State of Sector: Climate Action by […]