Data from the union petroleum ministry shows that almost 65.3 percent of the total diesel consumed in India is for transportation with road transport itself accounting for 60.4 percent. Around 8.2 percent of the total diesel consumed goes to power generation, while agriculture uses up 12.2 percent
Category: Power & New and Renewable Energy
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AP’s wind power potential assessed at 88k mw
In Andhra Pradesh, the wind power potential is assessed to be at least 88,000 mw from wastelands. Furthermore, there is a potential of around 12,000 mw if 5 per cent of the stateÂ’s agricultural lands suitable for wind power were used.
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Weak pricing power may have hit profitability of steel firms
Weak pricing power and high cost of raw materials may have eroded the profitability of many steel makers in India, some brokerages feel. Despite high cost of raw material, domestic steelmakers are unable to raise prices because of subdued demand. Therefore, analysts expects steel firms to a
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SAIL-led consortium to meet Afghan officials
The Indian consortium, that won the bid to mine iron ore reserves in Hajigak near Kabul in Afghanistan over one year ago, would meet officials of mining ministry in the country in a month's time. Although the consortium bagged the mining asset over a year ago, it has not signed a mining contract with the Afghan government because of contentious
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Policy changes to boost investment in wind energy
To give a fillip to investment in India's wind energy sector the Union Ministry for New and Renewable Energy has suggested certain policy changes. The Ministry wants to reintroduce ‘accelerated depreciation mechanism’ which had earlier helped grow the wind energy industry.
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JSPL plans to start operation at 2 mn tpa unit by April
By April 2013, Jindal Steel & Power (JSPL) plans to commission 2 million tonne per annum (mn tpa) greenfield steel plant at Angul, Odisha. The plant is part of the 6 mn tpa integrated steel plant project being developed by the firm in the area. The Naveen Jindal owned company received 970.34 acre of g
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Orissa’s solar policy to be framed in two months
A comprehensive solar policy is going to be framed in in Odisha, the State government has decided to this extent to promote solar power generation in a big way. The State Department of Science & Technology, which is finalising the policy has targeted solar power production of 80 mw in three years.
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Global clean energy investments fell by 11% in 2012
According to reports, the overall global clean energy investments in 2012 was $268.7 billion, down from $302.3 billion in 2011. Clean energy investment declined 11 per cent in 2012, weighed down by regulatory uncertainty and policy changes in big markets such as the US, India, Spain and Italy. Sharply lower prices of solar and wind technology also provided downward pressure on investment volumes.
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IRENA unveils roadmap to double renewables by 2030
According to a new global roadmap launched at the International Renewable Energy Agency (IRENA) Assembly in Abu Dhabi, international efforts are going to double the share of renewable energy by 2030. But efforts are needed to accelerate substantially if they are to be successful, IRENA said.
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IIP grows -0.1% in November
The Index of Industrial Production (IIP), which measures output in mining, manufacturing and electricity sectors, contracted 0.1 per cent in November 2012 as against 6 per cent growth in November 2011. In October 2012, the index grew 8.3 per cent on the back of increase in output during festive season. The man