Inox Green Energy Services (IGESL), a subsidiary of Inox Wind, made a dismal debut on the bourses on Wednesday with its shares getting listed at Rs 60 apiece, an 8 per cent discount to its issue price of Rs 65 per share on the National Stock Exchange (NSE). On the BSE, the stock of the […]
Category: Power
Power
Centre to approve Rs 32k cr investment for power project in Arunachal
Union Power Minister R.K. Singh on Tuesday assured Arunachal Pradesh Deputy Chief Minister Chowna Mein that the Union government would soon approve an investment of Rs 32,000 crore for the 2,880 MW generation capacity Dibang hydroelectric project in the state, officials said. An official of Arunachal Pradesh Power Department quoting the Deputy Chief Minister said […]
Russia’s nuclear fuel firm busy ‘breeding’ new kinds of fuels, technology
Russian nuclear fuel manufacturer TVEL Fuel Company is “breeding” or developing new kinds of fuels and technologies that increase refueling cycle; a balanced integrated fuel cycle for traditional and fast breeder reactors, 3D printing and others, said a senior company official. TVE Fuel is part of Russia’s integrated nuclear power company. “All the six 1,000 […]
Punjab govt announces to install 300 megawatt solar power projects
The Punjab government has decided to install solar power photovoltaic (PV) projects with a total capacity of 300 megawatt in the state. These projects include 200 MW canal-top solar PV power projects and 100 MW floating solar PV power projects on the reservoirs and lakes, said an official statement while giving details of the decision […]
Explosions rock area of Zaporizhzhia nuclear plant in Ukraine: IAEA
Powerful explosions shook the area of Zaporizhzhia Nuclear Power Plant (NPP) on Saturday evening and Sunday morning, the International Atomic Energy Agency (IAEA) said, amid escalating conflicts between Ukraine and Russia. More than a dozen blasts were heard on Sunday close to the Zaporizhzhia NPP and at the site of the plant, Xinhua news agency […]
Nayara Energy exports 80% of fuel to Asia, Africa; none to EU: Official
Nayara Energy, India’s second-largest private oil refinery, exported over 80 per cent of all its fuel exports to Asia, the Middle East and Africa during the first seven months of the current fiscal, with only minuscule volumes going to the UK and none to the EU, a company official said. Nayara, which operates a 20 […]
Clean Electric raises $ 2.2 million funding round led by Kalaari Capital
Energy storage solutions startup Clean Electric on Monday said it has raised USD 2.2 million (about Rs 18 crore) in a funding round led by early-stage venture capital firm Kalaari Capital. Besides, Climate Angels, which invests in early-stage pollution reduction and climate tech startups, has also invested in the company along with the participation of […]
AM/NS India completes Rs 16,500 cr acquisition of Essar group infra assets
ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between ArcelorMittal and Nippon Steel – has closed a Rs 16,500-crore ($2.05 billion) deal to acquire Essar group’s port and power assets. With this, Essar has completed its asset monetisation programme, becoming a debt-free group. “Essar has concluded its asset monetisation programme and completed the […]
Essar concludes $2 bn sale of captive port, power infra assets to AM/NS
Ruia family-run Essar group on Monday said it has concluded the sale of captive ports and power assets located at Hazira in Gujarat and Paradip in Odisha to Arcelor Mittal Nippon Steel India Ltd (AM/NS) for USD 2.05 billion (about Rs 16,500 crore). With the sale, Essar has completed its asset monetisation programme to effectively […]
Farmers hit by heavy rains shouldn’t be forced to pay power bills: Fadnavis
Maharashtra Deputy Chief Minister Devendra Fadnavis on Monday said the state power utility has been directed not to force those farmers who had lost their crops due to excess rains in the last two months to pay bills. Speaking to reporters here, Fadnavis said the farmers who could repay the power bills can do it. […]
Diamond Power Infra seeks shareholders’ nod to raise borrowing limit
Diamond Power Infrastructure will seek shareholders’ approval to raise its borrowing limit to Rs 3,000 crore in its annual general meeting on December 14, according to a regulatory filing. It company requires to borrow funds from time to time to meet both its short and long-term business objectives from various external agencies like banks, financial […]
Jindal Steel & Power wins bid to build Botswana’s 300-MW coal power plant
GABORONE (Reuters) – Botswana has picked India’s Jindal Steel & Power Ltd as the preferred bidder in a tender to build a 300 megawatt (MW) coal-fired power plant, a notice from its energy ministry showed on Monday. It is the only fossil fuel-based power plant the Southern African country plans to procure in the next […]