Power & Energy

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    India’s electricity demand falls at fastest pace in 12 years

    Reuters . New Delhi | Updated at 12:00am on November 12, 2019

    India’s power demand fell 13.2 per cent in October from a year ago, posting its steepest monthly decline in over 12 years, government data showed,...

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    US scoops up overseas fuel oil in pre-IMO push

    Reuters . London/ New York | Updated at 12:00am on November 10, 2019

    The United States is taking advantage of record-low prices of one of the world’s dirtiest fuels by buying record volumes, which it intends to upgrade...

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    AES Corp to build $1.7b gas-fired power plant in Vietnam

    Reuters . Hanoi | Updated at 12:00am on November 09, 2019

    AES Corp on Friday signed a memorandum of understanding with the Vietnamese government to build a $1.7-billion gas-fired power plant in Vietnam, the US embassy...

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    Investors still in dark on Saudi Aramco value

    Reuters | Updated at 12:00am on November 05, 2019

    Saudi Aramco’s blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert...

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    Saudi crown prince approves announcement of Aramco IPO on Sunday

    Reuters | Updated at 12:00am on November 03, 2019

    Saudi Arabia’s crown prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco would be announced on Sunday,...

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    Britain orders immediate moratorium on fracking

    Reuters . London | Updated at 12:00am on November 03, 2019

    Britain will impose an immediate moratorium on fracking, the government announced on Saturday, saying the controversial gas extraction technique risked causing too much disruption to...

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    Saudi Aramco to keep 4.6m barrels of oil in Indian storage

    Reuters . New Delhi | Updated at 12:00am on October 31, 2019

    India would lease a quarter of its strategic petroleum reserve in Padur to Saudi Aramco to store about 4.6 million barrels of oil, a government...

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    Saudi Aramco aims to begin planned IPO on Nov 3

    Reuters | Updated at 12:00am on October 30, 2019

    Saudi Aramco aimed to announce the start of its initial public offering on November 3, three people with direct knowledge of the matter told Reuters,...

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    Local solar panel makers seek quota in government projects

    Staff Correspondent | Updated at 12:13am on October 28, 2019

    Local solar module manufacturers on Sunday demanded 20-30 per cent quota in supplying solar panels in different government projects. The Solar Module Manufacturers Association of...

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    IndiGo reports $150m loss

    Reuters . Bengaluru | Updated at 12:00am on October 25, 2019

    India’s biggest airline IndiGo reported a bigger loss in the September quarter, hurt by higher expenses and as the aviation industry grapples with slowing passenger...