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NEW DELHI: India’s coal-fired electricity generation in May saw its steepest decline in five years, driven by a drop in overall power demand and a surge in renewable energy output, according to a Reuters analysis of government data. This marked the first fall in power demand since August and coincided with record-high generation from clean energy sources.The output from natural gas-powered stations also dropped significantly, marking the most substantial reduction in nearly three years, as revealed by Grid India data. This decline occurred alongside increased production from cleaner sources, including hydroelectric and nuclear facilities.This reduced requirement for fossil fuels in India’s electricity sector, as the world’s second-largest coal importer and fourth-biggest LNG purchaser, occurs during a period of market pressure on these fuel prices.“Demand from the power sector – typically strong during peak season – remained limited. Additionally, economic headwinds have weighed on non-power industries,” Indian coal trader I-Energy said in a note this week, as per Reuters.Asian LNG prices have reduced by over 15 per cent this year, whilst thermal coal prices have fallen to their lowest in more than four years, affected by reduced demand from China and India, the primary coal-importing nations.Data from Grid India indicates that coal-fired power generation decreased by 9.5 per cent year-on-year to 113.3 billion kilowatt-hours (kWh) in May, representing the largest annual decline since June 2020, when COVID-19 restrictions were in effect.Both Chinese and Indian utilities have reduced their reliance on imported coal and LNG this year, influenced by substantial coal reserves and slower electricity demand growth. Last year, India required gas-based power stations to operate during high demand periods caused by elevated temperatures.Government data shows that the total electricity generation in May 2025 dropped 5.3% year-on-year to 160.4 billion kilowatt hours (kWh), mainly due to cooler temperatures, officials said. Peak power demand was also 8% lower at 231 GW, compared to 250 GW during a heatwave in May 2024.Despite the overall dip, renewable energy output surged 17.2% to a record 24.7 billion kWh, making up 15.4% of the total power mix — the highest share since 2018.The share of coal-based power dropped to 70.7%, down from 74% a year ago — the lowest since June 2022. Hydropower generation rose 8.3% to 14.5 billion kWh, accounting for 9% of total power output. In contrast, natural gas-based generation fell sharply by 46.5% to 2.78 billion kWh, marking the steepest fall since October 2022.
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Modi’s Asia Double Play: Japan Now, China Next — What India Wants (and Risks)
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[ad_1] Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty giant announced the deal on Monday, though financial terms were not disclosed.The transaction, which sees UK-based private equity firm Inflexion selling its majority holding, reportedly values Medik8 at around 1 billion Euro, according to a source familiar with the matter. Inflexion will retain a minority share, while L’Oreal has secured the option to eventually buy out all remaining shareholders, Reuters reported.“We are delighted to welcome Medik8 to the L’Oréal family. As a premium skincare range, with high levels of proven efficacy at an accessible price point, Medik8 perfectly complements our existing skincare portfolio,” Cyril Chaupuy, president of L’oreal Luxe said.“This acquisition further strengthens L’Oreal’s luxe portfolio, adding a premium […]
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[ad_1] India’s GDP has more than doubled in the last decade, and experts believe that this has trickled down to the poorest. (AI image) Marking a big achievement over the last decade, extreme poverty in India has dropped substantially from 27.1% in 2011-12 to 5.3% in 2022-23, according to the latest World Bank data. The remarkable progress under the Narendra Modi government has come despite the World Bank raising its poverty threshold to $3 per person per day from $2.15 per person per day earlier.Incidentally, India’s huge reduction in extreme poverty comes at a time when globally there has been an increase in the number of people below the poverty line. According to a government fact sheet, India has emerged a statistical outlier in the positive direction.The latest data is being seen as a boost in the government’s economic growth […]
Ayodhya land prices: Circle rates revised first time in 8 years; soar up to 200%
[ad_1] For the first time in eight years, Ayodhya has seen a sharp revision in its circle rates, with property prices rising between 30% and 200% across various parts of the district, officials told PTI.The prices are particularly steep within a 10-kilometre radius of the Ram Janmabhoomi Temple, an area witnessing a real estate boom fuelled by religious tourism and rapid infrastructure growth. Here, circle rates have jumped over 150%, pushing land values in the prime zone to Rs 26,600–27,900 per square metre, compared to Rs 6,650–6,975 earlier.Shanti Bhushan Chaubey, sub-registrar of Sadar (Faizabad) tehsil, said the hike followed a proposal submitted last September. “After addressing objections, the new circle rates were approved by District Magistrate Tikaram Funde and have now been enforced,” he said.According to Chaubey, the sharpest hikes were recorded in areas with the most land activity. “Localities […]
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