Indian energy market is set to emerge as third-largest: IEA
The Dollar Business Bureau India’s energy market is set to explode in the near future, and by the early 2020s, the country will overtake Russia to become the world's third-largest refinery, according to a top official of the International Energy Agency. Speaking to the reporters on the margins of the international oil and gas meet CERA Week, Fatih Birol, Executive Director of IEA, said: "India is moving to the centre stage of global oil and energy markets. It is not only oil. It is coal. It is solar. It is out of the strong growth in the economy and the population growth." Petroleum Minister Dharmendra Pradhan is leading the Indian delegation to the event, which is also being attended by ...
India sees lowest power shortage at 2.1% in FY16
The Dollar Business Bureau India has seen the lowest ever energy deficit at 2.1% in FY 2016, Power Minister Piyush Goyal informed the Lok Sabha in a written reply on Thursday. He also provided details of power shortage in the country in the previous twenty years as reported by the states and Union Territories. Currently, India is importing power only from one country Bhutan – mainly due to its surplus power that is produced from its hydel power stations with the Indian government’s assistance. The energy totally imported from Bhutan was more than 5 billion units in FY 2016, as per the data released by the Ministry of Power. According to the ministry, there is no shortage of coal as well. All over ...
India sees lowest power shortage at 2.1% in FY16
The Dollar Business Bureau India has seen the lowest ever energy deficit at 2.1% in FY 2016, Power Minister Piyush Goyal informed the Lok Sabha in a written reply on Thursday. He also provided details of power shortage in the country in the previous twenty years as reported by the states and Union Territories. Currently, India is importing power only from one country Bhutan – mainly due to its surplus power that is produced from its hydel power stations with the Indian government’s assistance. The energy totally imported from Bhutan was more than 5 billion units in FY 2016, as per the data released by the Ministry of Power. According to the ministry, there is no shortage of coal as well. All over ...
