Energy News 09th August 2023
WEC India Energy News
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WEC India Energy Handbook Mobile Application
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| Climate change: The record summer that scorched Asia | Hyundai bets big on EVs in India | Adani Ports Q1 net profit grows over 80% to ₹2,119.38 crore | |||
Rain or shine, Mohammad Shukkur Ali, a rickshaw puller in his 50s, shows up for work on the streets of the Bangladesh capital Dhaka. The work is already punishing as it requires massive physical effort. But this year, the heat has made things even worse. Temperatures in the city hit 40.6C (105.8F) in April - a record high.But Mr Ali, who lives with his wife and two children in a rented Read More...... | Hyundai Motor India Limited (HMIL), one of the largest manufacturers of cars in the country, is preparing for a new group leadership position in Electric Vehicles (EV), given that India is set to become a competitive battleground in the sector and expand its role as a hub for future mobility research, including electrification and autonomous driving Read more... | Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday posted over 80 per cent rise in its consolidated net profit at ₹2,119.38 crore during the April-June quarter, on account of higher income. It had clocked ₹1,177.46 crore net profit during the April-June period of FY23, the company said in a regulatory filing. Read more... | |||
| July 2023: Global air and ocean temperatures reach new record highs | NLCIL, CIL announce plans for new thermal power plants to meet energy demands | Natural gas trading volumes at IGX jumped 20 per cent in July 2023 | |||
The Copernicus Climate Change Service (C3S), implemented by the European Centre for Medium-Range Weather Forecasts on behalf of the European Commission with funding from the EU, routinely publishes monthly climate bulletins reporting on the changes observed in global surface air temperature, sea ice cover and hydrological variables. This month, highlights about sea surface temperature are also included in this Read more... | New Delhi: Coal India Ltd. (CIL) NLC India Ltd (NLCIL) plan to set up multiple thermal power plants across the country to meet growing demand. According to a coal ministry statement, NLCIL, in partnership with the Uttar Pradesh government, will construct a 3 x 660 MW thermal power plant in Ghatampur near Kanpur. The project, estimated to cost of ₹19,406 crore, will supply 1478.28 MW of power to Uttar Pradesh and 492.72 MW to Assam.Read more... | New Delhi: Indian Gas Exchange Ltd (IGX), an associate company of Indian Energy Exchange (IEX) today announced that it traded 2,723,350 MMBtu gas volume in July 2023, a 20 per cent Year-on-Year (YoY) increase. The volumes increased due to rise in spot buying interest from the buyers amid correction in gas prices globally."A total of 65 trades were executed during the month. Maximum number of trades were executed in Daily and Read more... | |||
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| Coal India Q1 profit declines 10.1% at Rs 7,941.40 crore, revenue up 2.5%, beats estimates | NTPC REL clinches 80 MW floating solar project in Madhya Pradesh | Scientists Discover Highest-energy Light Coming From Sun | |||
Coal India posted its fiscal first quarter profit at Rs 7,941.40 crore, down 10.1 per cent as against Rs 8,834.22 crore during the corresponding quarter of last year, surpassing estimates. The company’s profit was dragged by higher expenses. It posted revenue from operations at Rs 35,983.21 crore, up 2.5 per cent in comparison to Rs 35,092.17 crore during the first quarter of FY23. According to CNBC TV18 estimates, Coal India was Read more... | New Delhi: NTPC Renewable Energy Limited (NTPC REL) on Tuesday said that it has secured the bid for 80 MW floating solar project at the Omkareshwar reservoir in Khandwa, Madhya Pradesh.“The bidding was conducted on 8th August 2023 by Rewa Ultra Mega Solar Limited (RUMSL), the JV Company of Solar Energy Corporation of India (SECI) and MP Urja Vikas Nigam Ltd. The discovered tariff is ₹3.80/kWh and the energy generated from the project Read more... | An international team of scientists has discovered the highest-energy light coming from the sun. “The sun is more surprising than we knew," said Mehr Un Nisa, a postdoctoral research associate at Michigan State University in the US. “We thought we had this star figured out, but that’s not the case." The team also found that this type of light, known as gamma rays, is surprisingly bright. Although the high-energy light doesn’t reach the Earth’s surface, Read more... | |||
| Tata Power signs MoU to develop two Pumped Hydro Storage projects in Maharashtra | Clean energy can fuel the future — and make the world healthier | ||||
news1Tata Power Ltd. has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop two large Pumped Hydro Storage projects with a combined capacity of 2,800 Megawatts (MW) in the State. These projects, with an estimated investment of approximately ₹13,000 crore, will be situated at Shirawta, Pune (1,800 MW) and Bhivpuri, Raigad (1,000 MW) districts.“Pumped Hydro Storage is a reliable and efficient way to store energy, and these projects .Read more... | The 2030 targets laid out by the United Nations for the seventh Sustainable Development Goal (SDG 7) are clear enough: provide affordable access to energy; expand use of renewable sources; improve energy efficiency year on year; and enhance international cooperation in support of clean-energy research, development and infrastructure. Meeting those goals, however, will be anything but simple. As seen in many of the editorials in this 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."