Year: 2010
India’s oil demand to jump 40% in next 10 yrs: PM
1 Nov, 2010, 12.25PM IST,PTI NEW DELHI: Projecting a growth of 40 per cent in India’s oil demand in next decade, Prime Minister Manmohan Singh today stressed on securing energy supplies at affordable prices to meet requirement of rapidly expanding economy. “India needs adequate supplies of energy at affordable prices to meet the demand of its rapidly growing economy,” he said inaugurating the Petrotech-2010 oil and gas conference here. India , which consumed over 138 million tonnes of fuel in 2009-10, imports three-fourth of its oil needs and one-third of…
Read MoreFuture batteries could be charged with sun power instead of electricity
Thanks to a molecule called fulvalene diruthenium, batteries may use the sun to provide energy, but not in the same way as solar power. Here’s how it works: The molecule, fulvalene diruthenium, undergoes a structural change when it absorbs sunlight, putting it into a higher energy state where it can remain stable indefinitely. This state is analogous to that of a rubber band that’s stretched and then put some where where it stays stretched out for any desired length of time. In the case of fulvalene diruthenium, the molecule can…
Read MoreIndia suggests ‘energy revolution’
NEW DELHI, Oct. 28 (UPI) — Indian President Prathiba Patil called for an “energy revolution” to help the country achieve energy security and fuel its economic growth. Addressing the growing divide between India’s power demand and supply during the World Innovation Summit and Expo in Mumbai Wednesday, Patil said the country should pursue all available fuel options and forms of energy, whether conventional, non-conventional, new or emerging. “It is time now for an energy revolution that will ensure our energy security,” she said, Press Trust of India reports. Figures from…
Read More‘Investment in solar power projects to double by 2015’
New DelhiWith investment in solar power projects expected to double in the next five years, photovoltaics could account for nine percent of the global power demand by 2030, according to a study released here today. Photovoltaics (PV) is a method of generating electrical power by converting solar radiation into direct current electricity using semiconductors. The study by the European Photovoltaic Industry Association (EPIA) and environment protection group Greenpeace International said that investment in solar projects will increase from Rs.215 billion (around $4,800 million) today to Rs.430 billion ($9,600 million) in…
Read More$55 bn to flow into renewable energy in 5 yrs
27 Oct, 2010, 04.10AM IST,ET Bureau NEW DELHI: India expects investments of up to $55 billion in the next five years in the renewable energy sector, which would generate 35,000 MW of power, a top official said. India, one of the leading producers of wind power, is encouraging investment in renewable energy to curb emissions and reduce dependence on oil as the country imports nearly three quarters of the oil it consumes. “There would be investments to the tune of $55 billion by 2015 in the renewable energy sector which…
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