In Short : BP plans to sell a 50% stake in its solar energy unit, inviting bids by June to attract a strategic partner. This aligns with BP’s goal to achieve net-zero emissions by 2050 and expand its renewable energy portfolio. The move aims to leverage expertise and capital, enhancing its solar operations and supporting […]
India’s June fuel consumption rises by 17.9% YoY at 18.67 mn tonnes: Govt – EQ Mag Pro
Consumption of fuel, a proxy for oil demand, totalled 18.67 million tonnes, data from the Indian oil ministry’s Petroleum Planning and Analysis Cell showed. India’s fuel consumption in June rose by 17.9% from a year earlier, government data showed on Friday, as demand in the world’s No.3 oil consumer headed back towards pre-pandemic levels. Global […]
Discoms outstanding dues to gencos rise 4% to Rs 1.32 lakh crore in June – EQ Mag Pro
Total outstanding dues owed by electrical energy distribution firms (discoms) to energy producers rose by 4 per cent year-on-year to Rs 1,32,432 crore in June 2022. Discoms owed a complete of Rs 1,27,306 crore to energy era corporations in June 2021, in accordance to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing […]
Powergrid Corporation Net Profit Jumps to Rs 5,998 Crore in June Quarter
The consolidated net profit stood at Rs 2,048.42 crore in the year-ago period, according to a BSE filing. New Delhi : Power Grid Corporation of India Ltd (PGCIL) on Tuesday posted a nearly three-fold jump in consolidated net profit at Rs 5,998.28 crore in the June quarter, mainly on the back of higher revenues. The […]
Details of Payment Made to Various Beneficiaries in the Month of June (01.06.2021 to 30.06.2021)
Thailand to put world’s largest floating solar farm into use this June
The facility, which generates power on a water surface of 72 hectares, was originally scheduled for operation in December last year, but the launch was postponed due to the COVID-19 pandemic. Bangkok : State-run Electricity Generating Authority of Thailand (Egat) expects to operate a 45-megawatt floating solar farm it claims to be the largest in […]
Turkey’s clean energy production gets nearly $570M in incentives in June
Turkey’s clean energy generation facilities received nearly TL 3.9 billion ($570 million) in incentive payments in June under the Renewable Energy Support Scheme (YEKDEM), according to Turkey’s Energy Exchange Istanbul (EXIST) data. A total of 817 facilities, with an installed capacity of 21,049 megawatts (MW), received financial backing in June under the YEKDEM scheme. They […]
SJVN net up 44 per cent at Rs 423 crore in June quarter
Total income rose to Rs 815.06 crore during the latest June quarter from Rs 650.50 crore a year ago New Delhi: State-owned SJVN on Monday posted 43.54 per cent jump in consolidated net profit at Rs 422.51 crore for June quarter 2019 as compared to the year-ago period on the back of higher revenues. The […]
June spot power price dips 11% to Rs 3.32/unit
New Delhi: Average spot power price fell 11 per cent to Rs 3.32 per unit in June compared to the year-ago month, the Indian Energy Exchange (IEX) said Monday. With trading of 4,207 million units (MU) of electricity, the volume in the day-ahead-market (DAM) grew 12 per cent month-on-month. As compared to June 2018, the […]