01-01-1970 12:00 AM | Source: Reuters
India power minister expects energy crisis to persist
India's power minister said on Wednesday the current global energy crisis is likely to go on for some time due to the "cartelisation" of the fossil fuel industry, not just because of the Ukraine conflict.
"This crisis is going to stay," Minister of Power Raj Kumar Singh said at the Sydney Energy Forum, co-hosted by Australia and the International Energy Agency. "I believe this crisis has been in the making for some time."
The crisis has been caused by the "trend towards cartelisation, the trend towards reaping profits, as vast profits as possible as fast as possible," he said.
Latest News
Hold Motherson Sumi Wiring India Ltd For Target Rs.7...
Buy Endurance Technologies Ltd. For Target Rs.2,825 ...
Buy Latentview Analytics Limited For Target Rs.663 ...
India best place in world to provide sustainable inf...
India needs up to $30 billion investment in EV charg...
Textiles sector turning into another key source of i...
India`s business activity picks up momentum in Octob...
Buy Gujarat Gas Ltd. For Target Rs.660 By Motilal Os...
Buy Bharat Forge Ltd For Target Rs.1,700 By Emkay Gl...
National Consumer Helpline gets 1,000 firms on board...