Category: Power

In an effort to aid Electric Vehicle (EV) migration in the country, Tata Power plans to increase its national network of charging infrastructure four-fold. Currently, Tata Power has 170 EV charging points in India, and the company plans to grow this to 700 by the end of FY21. As a part of this initiative, Tata […]

CV Anand has taken over as the Regional Executive Director (South) of NTPC Ltd, at its Southern Region Headquarters in Hyderabad. Prior to this he was the Regional Executive Director of NTPC Western Region-I in Mumbai and was also holding additional charge as Regional Executive Director of Southern Region. A mechanical engineering graduate from Sri […]

The Covid-19 pandemic could provide an opportunity for companies to think of a greener future for the energy sector, according to Gautam Adani, Chairman, Adani Group. “Covid-19 challenges the fundamental assumptions of our lives, the urgency of a green revolution in the energy sector gains greater importance,” Adani wrote in a blog post on LinkedIn. […]

Adani Power’s wholly owned subsidiary Pench Thermal Energy (MP) has signed a Power Purchase Agreement (PPA) with Madhya Pradesh Power Management Company Limited (MPPMCL). Pench Thermal, formerly known as Adani Pench Power will procure 1,230 MW of power on a long term basis from MPPMCL, which is a government of MP undertaking, Adani Power said. […]

The Ministry of Power has drawn up plans for a ₹3 lakh crore new scheme to improve the health of power distribution companies (Discoms). The old schemes of the Ministry will be amalgamated into this new scheme, an official statement said. The contours of this scheme were discussed during a meeting between the Ministry of […]

Ola Electric Mobility Pvt Ltd announced the acquisition of Etergo BV, an electric scooter OEM based out of Amsterdam. With this acquisition, Ola Electric plans to leverage Etergo’s design and engineering capabilities to build its smart electric two-wheeler for international and national markets, with the India launch planned for 2021. Ola did not disclose financial […]

Auto manufacturer Gemopai is planning to launch its new electric vehicle- a mini scooter ‘Miso’ in India in June. The electric scooter manufacturer on Tuesday announced its plan to launch its new mini scooter to enable better mobility amid Covid-19. “Miso will be positioned as India’s first social distancing mini scooter and will be available […]

IndiGrid Infrastructure Investment Trust (InvIT), focussed on the power sector, has maintained a positive outlook, and expects to continue its growth trajectory in FY21. IndiGrid InvIT is backed by Sterlite Power Grid Ventures, which is majority owned by KKR and was established in 2016 to own inter-State power transmission assets in India. “The slew of […]

GE Power India Limited (GEPIL) has appointed Mahesh Palashikar as the Chairman of the company’s Board. Palashikar succeeds Vishal K Wanchoo who retires on June 1, 2020. Palashikar will be taking this responsibility in addition to his current role as the President and CEO of GE South Asia. GEPIL also appointed Vijay Sharma, Chief Financial […]

So big are its ambitions that if plans fructify, NHPC Ltd will become the world’s biggest floating solar power company and will hold the record for a very long time. The public sector power major proposes to build 2,850 MW of floating solar power plants on various reservoirs of the country. Only last month did […]

Shares of Jindal Steel and Power Ltd (JSPL) on Tuesday rallied 10 per cent after the company reported a consolidated net profit of Rs 305.62 crore during the quarter ended March 31, 2020. The stock advanced 9.95 per cent to Rs 106 on the BSE. On NSE, it jumped 9.93 per cent to Rs 106.20. […]

The Indian Energy Exchange (IEX) will allow real-time trading of electricity from June 1, a move that will facilitate better use of renewable energy. Under the ‘real time market’ (RTM) product, auctions will be held 48 times a day. Every half an hour, auctions IEX “will run a market for 1 hour and 15 minutes” […]