Tanker ships are shifting from carrying refined products to crude oil. This change is driven by increased freight rates for oil transport. Several large tankers have already switched their focus.
Continue readingOil tankers get 'dirty', ditching fuels for crude as rates boom
Tata Power is setting the wheels in motion for a significant pumped hydro storage venture in Shirawta, Pune, with a staggering investment of 11,000 crore rupees. Construction kicks off in
Continue readingTata Power to invest Rs 11,000 crore in Pune pumped hydro project
The Suzlon Group has marked a milestone by reaching its highest deliveries in India during the July to September quarter. With a staggering 85% increase in revenue year-on-year, the company
Continue readingSuzlon’s Q2 deliveries hit all-time high amid India’s wind energy push
Adani Power is taking its dispute over Bangladesh’s power payments to international arbitration. The company and Bangladesh Power Development Board disagree on cost calculations. Negotiations are ongoing, but arbitration is
Continue readingAdani Power opts for arbitration to settle payment dispute with Bangladesh
Bangladesh’s interim government is reviewing power contracts signed under the previous regime. An adviser stated that the Adani Group power deal could be cancelled if corruption is proven. A review
India’s power consumption dropped in October. This decrease was driven by reduced use of cooling appliances. Unseasonal rains also contributed to lower temperatures. Experts anticipate this trend to continue into
Continue readingPower consumption dips 6% to 132 billion units in October