Energy News 30th September 2022
WEC India Energy News
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WEC India Energy Handbook Mobile Application
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| Researchers to focus on climate change | India and California agree to collaborate on zero-emission vehicles | Sales of CNG-powered vehicles take a hit as global natural gas prices soar | |||
In a challenging attempt to reduce water scarcity and allied problems, Geomatics Engineering Laboratory (GEL), Indian Institute of Technology (IIT), Ropar, has started working in the field of cryosphere studies. The cryosphere is a place on Earth that contains the frozen parts of the planet. It includes snow and ice on land, ice caps, glaciers, permafrost and sea ice. This sphere helps maintain the planet’s climate by reflecting incoming solar radiation into space. The researchers mainly focus on , Read more... | Washington: India has entered into a collaboration with California for research and innovation in the field of zero-emission vehicles to spur the development of its nascent EV industry and address climate risks. California has the world's most advanced zero-emission vehicle (ZEV) policies. It has an ambitious 100 per cent ZEV mandate by 2035. As part of the collaboration, the University of California, research institute Davis Institute of Transportation Studies, established a new India ZEV Read more... | A sharp increase in the international price of natural gas has led Indian automakers to cut their production target for CNG-powered vehicles, as they expect local rates that are already high to jump further in the next round of revision and hurt demand, ET has learnt. The industry target for CNG vehicles has reduced to 5,00,000-5,50,000 units in the year ending March 2023, about 25-30% lower compared with the estimate of 7,00,000-7,50,000 at Read more... | |||
| Egypt's COP27 Presidency sets out vision for UN Climate Change Conference and urges world to act now | Abu Dhabi power transmission project signs $3.2 bln financing | India's top refiner Indian Oil Corp sets up new unit for treasury operations | |||
Cairo, Egypt – 28 September 2022: Egypt’s COP27 Presidency set out its vision for the 2022 United Nations Climate Change Conference, taking place in Egypt’s coastal city of Sharm El-Sheikh from November 7th to the 18th. The aim to make COP27 an “implementation COP” by urging action across prior agreements through all areas of climate change need with a focus on protecting people from the immediate impacts of climate change, ensuring no one is left behind. Speaking about the Read more... | DUBAI — Abu Dhabi Offshore Power Transmission Company has secured more than $3.2 billion in financing with export credit agencies and banks for an offshore electricity transmission project, the Japan Bank for International Cooperation said in a statement.The financing is to build and operate a high-voltage direct current offshore power transmission system linking two offshore production facilities owned by state-controlled oil giant Abu Dhabi National Oil Company Read more... | The new unit - Finance Company - will help IOC benefit from interest arbitrage as the company's borrowings increase after selling fuel locally at below-market rates. India's top refiner Indian Oil Corp has set up a subsidiary to pool the funds of its overseas units in order to meet capital and trade finance needs, it said in a statement on Thursday. The new unit - Finance Company - will help IOC benefit from interest arbitrage as the company's borrowings increase after selling fuel locally at below-market rates. Read more... | |||
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| Botswana's Morupule aims to boost coal output by 50% with new mine | Adani Green commissions largest 600 MW wind-solar plant in Rajasthan | Clean hydrogen: A long-awaited solution for hard-to-abate sectors? | |||
GABORONE, Sept 28 (Reuters) - Botswana President Mokgweetsi Masisi on Wednesday commissioned a new 1.4 million tonne per year coal mine at state-owned Morupule Coal Mine (MCM), aiming to increase exports after demand for the fuel boomed since the start of the war in Ukraine. Despite the country's estimated 212 billion tonnes of coal resources, MCM was its only operating mine until Minergy Ltd (MIN.BT) commissioned Read more... | Adani Green Energy Ltd (AGEL) on Thursday said it has commissioned the world's largest wind-solar power plant of 600 MW capacity in Jaisalmer, Rajasthan. The plant has a power purchase agreement with Solar Energy Corporation of India (SECI) at Rs 2.69/kwh for 25 years, a company statement said. The project consists of 600 MW solar and 150 MW wind plants, it said adding it shall not only reduce Read more... | One of the world's biggest climate challenges is decarbonizing fossil energy uses that cannot be directly electrified using renewable power. Among so-called "hard-to-abate" (HTA) sectors are major industries that rely on fossil fuels, either for high-temperature energy or for chemical feedstocks. These include iron and steel, cement, chemicals, and building materials, together responsible for approximately 30% of the world's annual CO2 emissions. Read more... | |||
| Vedanta increases sourcing of green energy to 1 gw; seeks bid to supply another 500 mw | World's largest flow battery energy storage station connected to grid | ||||
Mumbai-based mining giant, Vedanta has increased the sourcing of green energy to 1 GW for various operations. On Thursday, the company said it is seeking bids for the supply of another 500 mw of renewable energy. Vedanta targets to utilise up to 2.5 GW of renewable power by 2030. Vedanta's Chief Safety Officer and Group CEO Sunil Duggal said, "It is a crucial step in achieving our 2.5 GW of renewable power by 2030. We are looking forward to collaborate with the best in the industry as we march ahead on our decarbonisationRead more... | The 100 MW Dalian Flow Battery Energy Storage Peak-shaving Power Station, with the largest power and capacity in the world so far, was connected to the grid in Dalian, China, on September 29, and it will be put into operation in mid-October. This energy storage project is supported technically by Prof. Li Xianfeng's group from the Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences. And the system was built and integrated by Rongke Power Co. Ltd. The Dalian Flow Battery Energy Storage Peak-shaving Read more... | ||||
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