Japan’s wrecked Fukushima nuclear power plant said it began releasing a second batch of treated radioactive wastewater into the sea on Thursday after the first round of discharges ended smoothly. Plant operator Tokyo Electric Power Company Holdings said workers activated a pump to dilute the treated water with large amounts of seawater, slowly sending the […]
Category: Power
Japan’s top energy company keen on investing in Maharashtra: Fadnavis
Maharashtra Deputy Chief Minister Devendra Fadnavis on Thursday said JERA Co Inc, Japan’s largest power generation company, has expressed a strong desire to explore investment and partnership opportunities with the state government in areas of green hydrogen, ammonia, renewable Energy and liquefied natural gas (LNG). The deputy CM, who is on a visit to Japan, […]
Tata Power net profit rises 74% to Rs 552 cr in December quarter
Tata Power on Wednesday posted a 74 per cent rise in its consolidated net profit to Rs 552 crore for the December quarter on the back of higher revenues. This was the ninth consecutive quarter of PAT growth, it added. “Consolidated PAT (profit after tax) up by 74 per cent YoY year at Rs 552 […]
Discoms’ outstanding dues to power gencos rise 28% to Rs 1.38 trn in Sept
Power producers’ total dues owed by distribution firms rose over 28 per cent year-on-year to Rs 1,38,479 crore in September 2020, reflecting stress in the sector. Distribution companies (discoms) owed a total of Rs 1,07,930 crore to power generation firms in September 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for […]
India will drive the global energy demand, says PM Narendra Modi
India will drive the global energy demand, Prime Minister Narendra Modi said on Monday as he showcased his government’s recent reforms in the sector to global investors. Speaking at the India Energy Forum by CERAWeek, Modi said the coronavirus pandemic had resulted in global energy demand falling by one-third, investment decisions being impacted and predictions […]
Adani Green Energy reports Rs 21.75 crore profit for June quarter
Adani Green Energy on Friday posted a consolidated net profit of Rs 21.75 crore for June quarter mainly on the back of higher revenues. The company had a net loss of Rs 97.44 crore in April-June 2019-20, a BSE filing said. Total income rose to Rs 878.14 crore in April-June 2020-21 from Rs 675.23 crore […]
BEML dispatches prototype of mainline electric multiple unit to Railways
BEML has dispatched prototype of Mainline Electric Multiple unit (MEMU) to the Indian Railways. The company will be supplying 300 MEMU coaches to the Railways. “The MEMU with three-phase onboard propulsion system, is an existing Indian Railways-approved Carbody design that has been adopted, re-engineered and developed by BEML on a contract from Indian Railways,” said […]
Tata Power shares jump 7 per cent as it completes acquisition in TPCODL
Shares of Tata Power on Tuesday rose 7 per cent after the company said it has completed the acquisition of 51 per cent stake in TP Central Odisha Distribution Ltd for Rs 178.5 crore. The stock advanced 6.82 per cent to Rs 42.25 on the BSE. On the NSE, it gained 6.97 per cent to […]
Buyers of electricity contracts in IEX Real Time Market see 21 per cent cheaper average trading prices
Buyers of electricity contracts in the Real Time Market (RTM) platform of Indian Energy Exchange (IEX), witnessed 21 per cent cheaper average trading prices. According to data released by IEX, prices for June 2 delivery were Rs 2.2 per unit, 21.8 per cent cheaper when compared to June 1 when prices per unit were trading […]
Sterling and Wilson Solar commissions solar PV project in Oman
Shapoorji Pallonji-backed Sterling and Wilson Solar Limited (SWSL) has commissioned the operations of its maiden solar PV project in Oman. SWSL, an engineering procurement construction (EPC) company had received the order from Amin Renewable Energy Company SAO to construct this solar project. The Amin Solar PV project is supported by the Japanese-Omani consortium designed by […]
Telangana CM writes to Modi over State’s opposition to Draft Electricity Bill
Telangana Chief Minister K Chandrasekhar Rao has made a request to Prime Minister Narendra Modi highlighting the State’s concerns over the proposed Draft Electricity Bill. In a letter addressed to the Prime Minister late on Tuesday — which was also Telangana State Formation Day — the Chief Minister requested the Centre to withdraw the proposed […]
To conserve mangroves, GMR Energy to stop dredging in mudflats off Kakinada coast
GMR Energy Limited has been directed to stop dredging in the Kumbabhishekham mudflat off the Kakinada coast in Andhra Pradesh to protect the mangroves. The company was directed by the State Forest Department to remove a bund close to the mudflat adjacent to the company’s 220 MW barge-mounted power plant., comes in the backdrop of […]