Day: April 12, 2020

One of India’s leading renewable energy companies, Adani Green Energy, has reported an impressive 30% increase in installed capacity between April 2019 and March 2020. In a statement, the company announced that it added 587 megawatts of solar and wind energy capacity in 2019-20, taking the total installed capacity to 2,545 megawatts. The commissioned assets include 2,148 megawatts of solar power projects and 397 megawatts of solar power projects. The company also reported that generation from these commissioned projects increased by 14.5% to 4,310 gigawatt-hour during 2019-20. The company has…

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Lower long-term LNG prices could encourage coal-to-gas switching in Northeast Asia, while Chinese LNG demand is also expected to expand this year, albeit at a slower rate, as China gets back to work.  Asia Pacific gas demand was already under pressure as the coronavirus hit consumption in China and continued downside is likely as the world struggles to contain the virus. Still, low oil prices are a mixed blessing for LNG markets. “Sustained lower oil prices will bring down LNG contract prices in Asia, which have been at a premium…

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The Board of Directors (BoD) of K-Electric (KE) Limited in its meeting held on April, 09, 2020 at the KE Head Office, approved the Company’s financial results for the year ended June 30, 2019. During the reporting period, around PKR 40 billion was invested across the Company’s power value chain. KE remains committed to making further investments across the power value chain despite mounting challenges such as growing government receivables as well as the economic slowdown because of the COVID-19 outbreak. The KE Board, while appreciating improvements in certain key…

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CAIRO: United Arab Emirates’ energy minister Suhail Al Mazrouei said on Saturday that an OPEC+ decision to cut oil supply will have a major impact on rebalancing the oil market amid the coronavirus outbreak. “The group’s decision to cut supply will be the largest ever cut in the history which will help balancing the oil supply and demand,” Al Mazrouei said on Twitter. The minister thanked Saudi Arabia, which had called for the meeting, during which OPEC led by Saudi Arabia and its allies led by Russia, which together makes up…

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IYADH, (UrduPoint / Pakistan Point News / WAM – 11th Apr, 2020) His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense of Saudi Arabia, received today a telephone call from President Vladimir Putin of Russia, SPA reported. During the phone conversation, they reviewed the efforts being exerted to stabilise and maintain energy markets to support the growth of the global economy. They also stressed the importance of the cooperation of all producing countries in this regard.

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