Energy News 09th August 2022
WEC India Energy News
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WEC India Energy Handbook Mobile Application
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| Climate change compensation fight brews ahead of COP27 summit | Power Grid Corporation of India net profit falls 36 pc to Rs 3,801 crore in April | India's July fuel demand rises 6.1 per cent year-on-year | |||
Tensions are mounting ahead of this year's U.N. climate summit, as vulnerable countries ramp up demands for rich countries to pay compensation for losses inflicted on the world’s poorest people by climate change. When diplomats from nearly 200 countries meet on Nov. 7 in the beachside resort town of Sharm El Sheikh, Egypt, negotiations will tackle how to cut the CO2 emissions causing climate change and cope with existing climate impacts, including deadly heatwaves, wildfires, rising Read more... | New Delhi: State-owned Power Grid Corporation of India (PGCIL) on Monday said its consolidated net profit dipped over 36 per cent to Rs 3,801.19 crore in the April-June quarter of FY23. The consolidated net profit of the company was Rs 5,998.28 crore in the quarter ended on June 30, 2021, a BSE filing said. Total income of the company increased to Rs 11,168.54 crore in the quarter under review from Rs 10,391.61 crore in the same period a year ago.Read more... | 1ndia's fuel demand in July rose 6.1 per cent year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. Consumption of fuel, a proxy for oil demand, totalled 17.62 million tonnes in July, down 5.7 per cent from 18.68 million tonnes in June. "India's fuel demand outlook is improving as the economy is poised for a strong bounce back in consumption and continued Read more... | |||
| EU offers €4m to support Egypt’s environmental efforts, green industry | NTPC seeks shareholders’ nod to raise up to Rs 12,000 cr via bonds | UAE government’s operating surplus doubles thanks to oil price surge | |||
Egypt’s Minister of Environment, Yasmine Fouad, signed a €4m grant agreement with the European Union on Sunday, to support the country’s efforts in environmental protection. Fouad said that this grant is part of the funding allocated to the third phase of the Industrial Pollution Control Program (EPAP), whose budget is €145m, and is implemented in partnership with the EU, the European Investment Bank, the.Read more... | news1New Delhi: NTPC Limited will seek shareholders’ approval to raise up to Rs 12,000 crore through the issuance of non-convertible debentures in the annual general meeting on August 30. The funds to be raised in one or more tranches (not exceeding 12) through private placement will be used as capital expenditure, working capital and for general corporate purposes, as per the notice for the AGM. Read more... | The UAE government’s net operating surplus more than doubled in the first quarter to Dh36.4 billion ($9.9 billion) as surging oil prices boosted public revenue, finance ministry data showed on Monday. High oil prices and increased production have been a boon for the UAE’s economy this year, along with a continued recovery from the pandemic’s impact. Government spending in the Read more... | |||
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| China’s July coal imports surge 24% to meet peak power load | Gujarat: Renewable energy met 58% of demand on August 8 | Israel to test floating sun-tracking system to generate clean electricity | |||
China’s coal imports in July rose by nearly a quarter from June to near the highest levels so far this year as power generators increased purchases to provide for peak summer electricity demand. Arrivals of the fuel totaled 23.52 million tonnes last month, up sharply from 18.98 million tonnes in June but 22% lower than a year earlier, data issued by the General Administration of Customs showed on Sunday. Read more... | CHENNAI: The electricity generated from wind, sources and hydro catered to 58 % of the demand in the state on Sunday. While the state consumed 269.31 million units on Sunday, the total energy evacuated byTangedco from all three sources stood at 155.97 million units, which is 57.91 per cent ofthe total consumption.The maximum contribution of 109.65 million unitsRead more... | JERUSALEM: Israel has announced a project for testing an artificial intelligence (AI) floating system to generate electricity by tracking the sun, the state's Finance Ministry and the Israel Innovation Authority (IIA) said in a joint statement. The project was announced on Sunday. The solar pilot project will be carried out jointly by the Israeli company Xfloat, which developed the system, and Mekorot national water company, according to the Read more... | |||
| Lok Sabha passes bill to promote non-fossil fuels | Neural networks being used to improve the performance of high-power wind turbines | ||||
NEW DELHI: Lok Sabha on Monday passed a bill seeking to promote the use of non-fossil fuels, including ethanol, green hydrogen and biomass. The bill is also aimed at helping the country achieve its international commitments with respect to climate change goals. Piloting the Energy Conservation (Amendment) Bill, 2022, Power Minister R K Singh said "this is the bill for the future" and added that the renewable energy capacity addition in the country Read more... | Research at the Vitoria-Gasteiz Faculty of Engineering of the UPV/EHU has used convolutional neural networks to predict airflow characteristics in the aerodynamic profiles of high-power wind turbines, and has shown that flow control devices can be studied using these neural networks, with tolerable errors and a reduction in computational time of four orders of magnitude. The study has been published in Scientific Reports. Wind energy has become an important source of electricity generation and aims to achieve a cleaner, more sustainable 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."