New Delhi: State-run Indian Renewable Energy Development Agency Ltd. (IREDA) has invited bids for setting up solar manufacturing units under the government’s ambitious production linked incentive (PLI) scheme. The ₹4,500 crore PLI scheme for solar photo voltaic modules will help India ramp up its domestic manufacturing capacity. The scheme is expected to add 10-gigawatt (GW) […]
Category: Power
Power
Tata Power switches to smart meters in Mumbai
MUMBAI: To ensure transparency on energy consumption patterns and billing for its customers, Tata Power is installing smart meters in Mumbai. The company has already installed over 7,000 smart meters. With the installation of smart meters, Tata Power has also enabled its customers with valuable data analytics tools. Customers can now view and optimize their […]
NHPC plans to expand solar and wind power portfolio
New Delhi: State-run NHPC Ltd plans to expand its solar and wind power portfolio across the country as part of its green energy playbook. State-run firms are pivoting towards solar and wind energy and investing in India’s green economy in the backdrop of a change in the global energy architecture. There is going interest from […]
NHPC Q4 net profit rises to ₹464 crore; announces dividend of ₹0.35/share
State-owned hydro power giant NHPC on Thursday reported nearly 80% jump in its consolidated net profit to ₹464.6 crore for the March 2021 quarter as compared to ₹258.83 crore in the quarter ended on March 31, 2020. The total income came at ₹2,094.3 crore against ₹2,382.36 crore in the year-ago period. The board of directors […]
NHPC sails through Q4 but concerns over costs remain
The March-quarter earnings of state-run hydropower producer NHPC Ltd would have been disappointing had it not been for higher other income. On a standalone basis, NHPC’s hydropower generation declined 25% on a year-on-year (y-o-y) basis to 2,946 mega units (MUs) for Q4FY21. Power generation was hit by low water flow at most of the company’s […]
EY and FICCI identify 600 low carbon project investment shelf
NEW DELHI : In what may help towards India’ clean energy efforts, consulting firm EY and lobby group lobby group Federation of Indian Chambers of Commerce and Industry (FICCI) have identified low carbon investment opportunities requiring an equity investment of around Rs2 trillion. “EY – FICCI identifies over 600 ‘shovel-ready’ low carbon investment opportunities,” EY […]
Adani shares fall on report NSDL froze foreign funds’ accounts
BENGALURU : Shares of Adani group companies fell between 5% and 18% on Monday, after the Economic Times reported the National Securities Depository Ltd (NSDL) had frozen the accounts of three foreign funds, which have a total investment of 435 billion rupees in Adani group companies. Adani Enterprises and Nifty 50-listed Adani Ports and Special […]
GAIL, BHEL to Power Grid — Experts recommend ‘buy’ on these 5 PSU shares
Stocks to buy: Amid slowed down market momentum, there is no indication of any profit-booking or reversal emerging from the highs. According to stock market experts, Indian indices are at record high but some quality stocks are still available at discounted price and these stocks may showcase sharp rally after a single trigger. They said […]
EESL to play a bigger role as govt modifies Fame scheme
The Union government has modified its ambitious scheme to promote electric mobility by allotting the electric three-wheelers and buses component of the marquee Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (Fame) scheme to state-run Energy Efficiency Services Ltd (EESL). As reported by Mint on Friday, the scheme has failed to take off, with […]
Electricity bill won’t be waived off in Maharashtra: Minister
There will be no waiver on electricity bills for people in Maharashtra, clarified State Energy Minister Nitin Raut on Friday, asserting that the bills have to be paid. Speaking to reporters here Raut said, “Electricity bill will not be waived off in Maharashtra, it will have to be paid. It is the work of Central […]
Petronet to invest ₹187 bn in next five years, set up 1,000 LNG stations
MUMBAI: India’s top gas importer Petronet LNG will invest ₹187 billion over five years to expand infrastructure as well as business, said a senior official from the company. The company has planned a ₹67 billion budget to expand its 17.5-million-tonne per annum (mtpa) Dahej terminal on the West coast to 22.5 mtpa, building a new […]
Electric 2-wheeler makers hail FAME II subsidy hike as ‘game changer’
Electric two-wheeler makers on Saturday termed as “a phenomenal move” by the government to increase subsidy for such vehicles by 50 per cent under the FAME II scheme saying it would be a game changer in the adoption of eco-friendly vehicles. The government had on Friday made a partial modification of the scheme for Faster […]