Energy News 16th March 2022
WEC India Energy News
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WEC India Energy Handbook Mobile Application
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| Climate change and Green Economy in India: Decoding challenges and opportunities | No power crisis, generation capacity greater than peak demand: Power min | Govt to make calibrated interventions to keep fuel prices under control: MoS Finance | |||
Climate change is unarguably the biggest global challenge that we face today. India has made huge commitments to cut its emissions and transition itself to a more green economy. This presents one of the biggest opportunities for growth for investors and companies. From meeting the country's ambitious targets of renewable energy production to ushering in an electric vehicle revolution to emerging opportunities of green hydrogen, a massive amount of capital is needed Read more... | India is not facing any power crisis as the installed electricity generation capacity stood at 395.6 gigawatts (GW) against the peak demand of 203 GW recorded in 2021-22, Parliament was informed on Thursday. "There is no power crisis in the country. As on February 28, 2022, the installed generation capacity is around 395.6 GW, which is sufficient to meet the demand of electricity in the country. The peak demand experienced Read more... | The government on Tuesday said it is keeping a close watch on evolving geopolitical developments and would make 'calibrated interventions' to keep fuel prices under control to safeguard the interest of the common man. Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel & power subgroup in the Wholesale Price Index (WPI) is directly related to the fluctuations in the prices of crude oil. To a question in the Rajya Sabha Read more... | |||
| Amazon rainforest reaching tipping point, researchers say | World Bank has portfolio of Rs 3,160 crore in state: Himachal Pradesh CM | Crude falls below $100, eases pressure on oil companies | |||
The Amazon rainforest is moving towards a "tipping point" where trees may die off en masse, say researchers. A study suggests the world's largest rainforest is losing its ability to bounce back from damage caused by droughts, fires and deforestation.Large swathes could become sparsely forested savannah, which is much less efficient than tropical forest at sucking carbon dioxide from the air.The giant forest traps carbon that would otherwise Read more... | SHIMLA: The cooperation between the State of Himachal Pradesh and World Bank has been increasing by leaps and bounds since last few years as today World Bank has total portfolio of close to Rs 3160 crores. This was stated by the Chief Minister Jai Ram Thakur while interacting with the team of World Bank led by its Regional Vice President (RVP), World Bank Hartwig Schafer at Oak Over in Shimla on Tuesday. Chief Minister said that World Bank and Himachal Pradesh Read more... | NEW DELHI: After staying above $100 per barrel for two weeks, international oil prices fell to $99.84 on Tuesday, easing margin pressure on fuel retailers who have been holding petrol and diesel prices despite a spike in the cost of raw material. Brent crude oil prices, which soared past $100 per barrel on February 28 and touched a 14-year high of $139 per barrel on March 7, fell over 7 per cent on Tuesday. Read more... | |||
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| Part of Asia’s largest coal conveyor belt has become operational: NTPC | High Commissioner Moragoda meets India’s Minister of Power and New and Renewable Energy to discuss further cooperation | Optimizer tool designs, evaluates, maximizes solar-powered cooling systems | |||
Ranchi: At a time when efforts are on for gradual phasing out of coal, India’s largest thermal power producer, the National Thermal Power Station (NTPC), has decided to make coal and associated operations in Jharkhand as clean as possible. As part of the move, the coal and power major has started operating on a part of Asia’s longest conveyor belt — 21km long and 12-feet wide — to ferry coal from its Pakri-Barwadih mines in Hazaribag to the Banadag railway Read more... | Sri Lanka’s High Commissioner to India, Milinda Moragoda sought ways and means of further enhancing cooperation with India in the power and renewable energy sector, when he met the Minister of Power and New and Renewable Energy of India Shri Raj Kumar Singh in New Delhi. Minister Singh, recalling the age-old close relations between India and Sri Lanka, extended a warm welcome to High Commissioner Moragoda. The Minister of Power Read more... | Solar-powered adsorption cooling systems (SACS) have gained traction as a renewable energy technology that could provide clean power for air conditioning and refrigeration while significantly reducing the load on the electric grid. But these systems lack energy efficiency. In the Journal of Renewable and Sustainable Energy, researchers from Anna University in India developed an optimizer tool to design, evaluate, and maximize the performance of different types of SACS under various operating scenarios. .Read more... | |||
| Rooftop Solar Cost Down by 50 Per Cent in Last 7-8 years: MNRE | Materials scientists finding solutions to biggest hurdle for solar cell technology | ||||
Overall cost of the rooftop solar system has come down by 50 per cent during the last seven-eight years, making it more competitive, Parliament was informed on Tuesday. “The cost of the rooftop solar systems in the country has become competitive with the reduction of cost of Solar PV panels and the overall cost of these systems has reduced by around 50 per cent during the last 7-8 years,” New & Renewable Energy Minister R K Singh said in a written reply to the Rajya Sabha.Read more... | Materials scientists at the UCLA Samueli School of Engineering and colleagues from five other universities around the world have discovered the major reason why perovskite solar cells -- which show great promise for improved energy-conversion efficiency -- degrade in sunlight, causing their performance to suffer over time. The team successfully demonstrated a simple manufacturing adjustment to fix the cause of the degradation, clearing the biggest hurdle Read more... | ||||
WEC India Energy Handbook mobile application is a compendium of Indian and Global energy sector. The handbook is conceptualized as a ready reference for the energy professionals, covering key energy indicators, trends, source wise electricity generation, fossil fuel prices, top producers of electricity and reserves in the form of user interactive charts and graphs. The handbook also gives insight to global and Indian scenarios by organisations like IEA, EIA and WEC till 2040."