A group of workers laid off from Anglo American sat drinking in the early morning sun outside a makeshift township bar in Ga-Puka, deep in South Africa’s platinum mining belt.“The sad truth is that it’s us ordinary South Africans who...
New Delhi: Bitumen consumption scaled a decade high last fiscal due to a surge in road construction ahead of the general election. Sales of bitumen, used mainly for building roads, rose 10% to 8.8 million metric tonnes (MMT) in FY24,...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Siemens Energy promised a turnaround at its troubled wind turbine business was under way as the company raised its revenue outlook and...
New Delhi: Power utility firm India Power Corporation Ltd (IPCL) and Switzerland-based E2S Power have joined hands to develop Thermal Energy Storage System (TESS) unit for efficient storage and transmission of energy. The 250Kwh TESS, developed by E2S, has been...
Renewables-sourced energy provided more than 30% of the world’s power for the first time last year, The Guardian reported, thanks to a surge in wind and solar-generated electricity. A new report on the global power system has claimed that...
Most Asian stock markets extended gains on Tuesday on the back of renewed bets for US rate cuts after last week’s cooler-than-expected jobs data. South Korean shares jumped by 2.2%. Meanwhile, the region’s currencies were subdued as the dollar...
Stay informed with free updatesSimply sign up to the Climate change myFT Digest -- delivered directly to your inbox.This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday...
Global policymakers are imposing new taxes on electric vehicles as the shift away from combustion engines threatens to leave a $110bn hole in government revenues owing to a drop in receipts from fuel duties. The UK, New Zealand, Israel and the...
KSK Mahanadi Power Company through its Resolution Professional's (RP) counsel informed NCLT, Hyderabad, on Monday, that a change of circumstances warrants a fresh invitation of bids under the corporate insolvency resolution process (CIRP) for KSK Mahanadi Power, which was admitted...
India's apex planning and advisory body for the power sector has eased a key condition for power equipment supplies for public sector projects, a move that is expected to let utilities to issue tenders allowing larger private vendor participation, people...
