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SINGAPORE, June 6 (Reuters) - GAIL (India) Ltd (GAIL.NS), opens new tab has re-sold one liquefied natural gas (LNG) cargo this week, said three market sources on Friday, as the state-run firm's storage tanks for the fuel are full amid weak power demand in India. Fewer LNG imports by GAIL, the country's largest gas distributor, could reduce India's overall appetite for the super-chilled fuel. India is the world's fourth largest LNG buyer, importing about 26 million metric tons last year as it go ...Read More >
New Delhi [India], June 4 (ANI): According to a joint report by Moody's Ratings & ICRA, highlights that India will require a huge investment in order to meet ambitious 2070 net-zero emissions norms particularly in the power sector. The report projects that over the next decade, these investments are projected to constitute 2 per cent of country's real GDP for the electricity value chain, encompassing power generation, storage, transmission and distribution.The report also suggests that the coun ...Read More >
After India suspended the Indus Waters Treaty (IWT) following the deadly terror attack in Pahalgam on April 22, China has now taken a new step to support its ally Pakistan by deciding to fast-track work on a major dam project in the country. According to the South China Morning Post, a Chinese government-owned company, China Energy Engineering Corporation, has been building the Mohmand Hydropower Project in Pakistan's Khyber Pakhtunkhwa province, located in the northwest of the country, since 20 ...Read More >
New Delhi: Nepal's Prime Minister KP Sharma Oli's decision to visit China before India after assuming office in 2024 had reignited speculations about the trajectory of India-Nepal bilateral ties. While some analysts see this as a shift in Kathmandu's diplomatic priorities, New Delhi has downplayed concerns, maintaining that relations between the two South Asian neighbours remain strong. "I can tell you that the relations between the two countries remain good and strong and we want to further st ...Read More >
PNN New Delhi [India], December 12: In the 21st century, the world is going green in phases, and therefore using renewable sources of energy isn't going to harm the environment, but it's going to benefit your pocket. On average, the IEA has anticipated an increase of renewable energy sources' capacity by 75% from 2022 to 2027, spearheaded by solar and wind energy. Renewable energy investment is already at more than $50 billion annually in the United States. It is projected to climb even higher ...Read More >
KSEB Chairman and Management Director Biju Prabhakar has painted a grim picture of the finances of the State power utility, observing that it now has to spend ₹900 crore on power purchases and ₹300 crore on loan repayment every month. The observations are part of a note circulated among the officers' associations of the KSEB for their feedback and suggestions. Loans and overdraft together constitute around ₹10,874.26 crore. While the monthly revenue stands at ₹1,750 crore, the expenditure is ₹ ...Read More >
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