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Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy. With coal prices skyrocketing to a record, Adani’s conglomerate is expanding a controversial mine in Australia to meet demand.
While natural gas makes up just a small portion of India's power mix, a scarcity of coal and hot weather has triggered scheduled blackouts, threatening to upend the economy
According to the report, pre-construction coal power capacity between 2015 to 2021 decreased nearly 90 per cent in India. From approximately 238.6 gigawatt (GW) in 2015,
India has asked utilities to step up coal imports to address a domestic shortfall. However, expensive imports could add to the financial woes of state government-owned, debt-laden power distributors, which have overdue payments of nearly $15 billion to power generators.
On March 12, 2022, the company produced 7.62 lakh tonne of dry fuel which is the highest in a day during the current financial year reaching 157.7 MT with a growth of around 16 per cent over the last financial year, the company released said.
Any invasion of Ukraine by Russian troops could trigger sanctions and reprisals that would disrupt the movement of fuels and impact energy security affecting buyers even thousands of miles away, analysts warned.
China will help run its coal-fired power plants at full capacity in a bid to ensure energy security, despite the climate goals of the world's largest polluter. The Chinese government will support industrial sectors in "special difficulty," state news agency Xinhua reported this week, noting that "Food and energy security must be safeguarded."
Coal India's second interim dividend will make the government richer by Rs 2,037.8 crore as it is holding a 66.1 percent stake in the Maharatna PSU. The company on Monday announced a dividend of Rs 5 per share of Rs 10 each and the total payout will be Rs 3,087 crore.
"The government is continuing all efforts to further enhance the coal production in the country as availability of additional coal will aid in import-substitution of coal," the coal ministry said in a statement.
Union Coal Minister Prahlad Joshi said in Rajya Sabha on Monday that during 2020-21, 34 mines in Singareni Collieries Company Limited (SCCL) had incurred losses.
U.S. coal stockpiles fell in September 2021 to the lowest level of total monthly coal stocks at the electric power sector since at least 2001, the Energy Information Administration (EIA) said in an Electricity Monthly Update of its November report this week. High natural gas prices have been driving increased use of coal for power generation at utilities in recent months, while the supply response has been muted due to closures of coal mines in recent years. So in September, total U.S. coal stockpiles saw a month-over-month decrease of 4.8 percent, reaching 80 million tons, the EIA said.
According to a new report published on Thursday, Maharashtra could save as much as ₹75,000 crore in the next decade by implementing three steps in its energy sector: shutting down old coal power plants by 2022, halting the construction of a new unit at the Bhusawal thermal power plant (which is in surplus to the state’s requirements) and replacing coal contracts with cleaner alternatives over the next 10 years.
State-owned enterprise Coal India is the largest coal mining company worldwide. In 2019, the states of Gujarat and Chhattisgarh, announced that they will not build any new coal generating facilities. India's Ministry of Power appeared to backtrack last month on commitments to shutter existing coal facilities by proposing to allow relinquished plants to continue selling power.
On Tuesday, the International Energy Agency (IEA) informed that by 2030, natural gas might become the second largest energy source overtaking coal. The reasons behind this huge change would be an urge to bring down the air pollution and rise in the use of LNG. The organization also mentioned in its World Energy Outlook 2018 that the energy demand will jump more than a quarter between 2017 and 2040.
National Energy Administration released a report of China’s energy consumption in a press conference on Monday. According to the report, natural gas demand climbed up to 16.8 percent, while consumption of crude oil has increased up to 2.5% in the first half of 2018. There has been an increase of 3.1% in the coal consumption. Furthermore, investments have decreased in thermal power utilities and increased in gas-related utilities.
Pertamina has terminated the construction of $800M Bojonegara LNG receiving terminal in Indonesia. The Indonesian oil major had joined hands with the Bumi Sarana Migas (BSM) for the construction of the project while Tokyo Gas had to carry out the engineering and design. Pertamina’s forecast of a sharp increase in gas demand after 2020 was proven wrong with the country still relying on cheap coal.