occupy the centre stage of India’s energy scenario. Share of coal in world’s energy consumption is…
Energy is an essential input for economic development and for improving the quality of life. India’s per capita consumption of commercial energy is only one eighth of global average. Industrial countries with only 22% of world’s population produce 54% of total global energy and consume 84% of it. On the other hand, developing countries with 78% of world’s population produce only 46% of total energy and consume just 16% of it.…
The energy sector accounts for about 2.5% of the country’s Gross Domestic Product. However, this sector has a greater importance than that because it affects all types of economic activities in the country. Historically, this sector has always had a deficit because the shortage of resources in the country.…
This paper therefore intends to explore reasons for Pakistan to increase its power generation capacity through various new measures and incentives to private and foreign investors. The negative fallout of power shortages resulted in closure of industries, low production capabilities leading to unemployment and price escalation. This put a lot of pressure on the new government which was forced to take short term measures for filling in the power gap till its mid-term and long term power generation plans came on ground. The “Vision 2020 Program” of the government was initiated to address the power shortfall over the medium and long term with a view to add around 20,000 MW into…
21,442,652 The annexed notes 1 to 37 form an integral part of these financial statements.…
In the Philippines, electric power is becoming the main energy form relied upon in all economic sectors of the country. As time goes by, while different establishments and properties were built and developed, the demand for domestic electricity consumption within the country accelerates. Energy consumption is an important index of the economic development of a country. Rapid changes in industry and the economy strongly affect energy consumption. According to the International Energy Annual (IEA) in the year 2004, the Philippines had total installed electricity generating capacity of 15.1 gigawatts (GW). The country produced 53.1 billion kilowatt-hours (Bkwh) of electricity in 2004, while consuming 49.4 Bkwh. Conventional thermal sources make up the largest share of Philippine electricity supply, comprising more than 65 percent of the total in 2004. However, the Philippines is also the world’s second-largest producer of geothermal energy. Despite several electricity sources, there are still bunch of problems that occur such as electricity shortage and high price somewhat due to increase of demand and company expenses. The Philippines is not just the sole country that experiences these specific dilemmas but the other countries in Asia like Lebanon and Saudi Arabia, and the entire world too. This pushes researchers and experts to study the consumption movement from the past years in order for them to learn its behavior and suggest a method to help prepare the power companies and to prevent uncertainties that might happen in the near future. Through the years, there are many ways and methods developed by the experts and one of them is modeling and forecasting.…
India has abundant sources of power production. Thermal power in India accounts for roughly two-thirds of the power generated in India which in includes gas, liquid fuel, and coal. Reserves for thermal power generation include 59 billion tonnes of mineral coal, 775 million metric tonnes of oil reserves and natural gas reserves of 1074 billion cubic meters. Presently, out of the total power being generated, 54.8% is coal based, 9.75% is gas based and 0.66% is oil based, hydro contributes for 21% of power, while nuclear production is 2.63% and the rest 11.1% ia collectively produced by renewable energy sources.…
Singapore Petroleum Company (SPC) is a Singapore-based oil company. Its principal activities consist of refining services, exploration and production. SPC’s core earnings driver is its refining business, making up 98% of its sales revenue. It provides oil products primarily to the Singapore market. It is also the dominant jet oil supplier in Changi Airport. Exploration and Production (E&P) forms a mere 2% of its entire business. In order to increase their regional footprint, they acquired Bohai Bay Blocks, China, Oyong and Kakap Blocks in Indonesia in 2007. SPC’s corporate strategy is to expand its E&P business by further investing in oil and gas producing assets, while developing the existing acreages. This would enhance shareholder value and ensure long term growth.…
The Energy requirement of the world is rapidly increasing due to improvement in life styles of people due to Globalization effect. The increase in population of world is also one reason for rise in demand for energy. The fundamental source of energy today is from Fossil Fuel like Crude Oil derivatives like petrol , disel , electricity from Thermoelectric plants which utilizes coal , Natural Gas etc.…
[24] ^ EIA. (2010, 4 1). Pakistan Energy Profile. Retrieved 5 16, 2010, from U.S. Energy Information Administration: http://tonto.eia.doe.gov/country/country_energy_data.cfm?fips=PK…
Natural gas and oil supply 80 percent of Pakistan’s energy needs but current energy consumption vastly exceeds the supply. For instance, Pakistan currently produces about 18 percent of the oil it consumes, fostering a dependency on imports that places considerable strain on its financial position. Meanwhile, hydropower and coal are underutilized, though Pakistan has potentially ample supplies of both.…
Pakistan has a very large coal reserve base only Thar coal can be used to make 40,000 MW of Electricity for the next 100 years.…
The use of renewable energy sources such as solar, wind, biomass, geothermal and hydropower are growing rapidly not only because of being environment friendly but also because their cost is continuously decreasing. The graph below shows the cost comparison of some renewable energy resources with the conventional resources. As it can be seen on the chart, the price of electricity from wind, solar are greater than that from natural gas or coal but it is expected to decrease.…
Energy is one of the major inputs for the economic development of any country. In the case of the developing countries, the energy sector assumes a critical importance in view of the everincreasing energy needs requiring huge investments to meet them. Energy can be classified into several types based on the following criteria: • • • Primary and Secondary energy Commercial and Non commercial energy Renewable and Non-Renewable energy…
Power crisis is a perennial problem particularly among nations which are dependent on foreign countries for their energy source. Oil is an expensive commodity, but it is the life-blood of developing nations in their quest for comfort in life. The life of the business world in said countries depends on a highest degree on power run by oil. But they will have to bear the price of oil in order to maintain operation. Energy for household use is therefore given the backseat in importance due to its high cost. We need alternative source for that matter.…