NEW DELHI : On the morning of 13 May, SB Energy’s chief executive officer (CEO) Raman Nanda was busy assuaging the many concerns of the firm’s employees. The company’s rank and file were a bit shaken. Just the previous day, after months of negotiations, the Canada Pension Plan Investment Board (CPPIB) had announced that it […]
Category: Power
Power
India to revamp renewable energy certificate mechanism to boost green economy
New Delhi: India is looking to revamp the tradable renewable energy certificate (RECs) mechanism to boost its green economy, through measures like making such RECs perpetual, and promoting new technologies. As part of the plan in works, the union power ministry has circulated a discussion paper for redesigning the REC mechanism, that presently calls for […]
CCI clears Tata Power’s 51% acquisition of three Odisha power utilities
The Tata Power Company Limited’s (TPCL) proposed purchase of 51% stake each in three power utilities in Odisha has been cleared by the fair trade regulator Competition Commission of India (CCI). The company is to buy the stakes in Western Electricity Supply Company of Odisha (WESCO), Southern Electricity Supply Company of Odisha Ltd (SOUTHCO) and […]
China EV maker betting on cult status to sell a million cars
Since last July, a little-known automaker in China’s southwest has dominated the world’s largest electric car market, outselling bigger players and even Tesla Inc. almost every month with a tiny, bare-bones EV that starts at just $4,500. The Hongguang Mini is the brainchild of SAIC-GM-Wuling Automobile Co., a joint venture between SAIC Motor Corp. and […]
Kevadiya in Gujarat to become EV city
New Delhi: In what will showcase India’s pivot towards electric vehicles (EVs), Kevadiya in Gujarat is being developed as an electric vehicle city. The town also boasts of having the 182-meter statue of Sardar Vallabhbhai Patel popularly known as Statue of Unity. Mint earlier reported about the union government exploring a plan whether an entire […]
India will be a growth driver of global energy demand: Igor Sechin
NEW DELHI : India will be a growth driver of global energy demand, Igor Sechin, chief executive officer of Rosneft Oil Company recently said at the 24th St Petersburg International Economic Forum. This comes against the backdrop of one of the world’s largest publicly traded oil company’ Asian pivot. India, as the world’ third largest […]
IREDA extends bid submission deadline for 12 GW solar projects to 15 June
New Delhi: State-run Indian Renewable Energy Development Agency Ltd. (IREDA) has extended the bid submission deadline for setting up 12-gigawatt (GW) of solar power projects t 15 June. This comes in the backdrop of the union government extending the deadline for completion of green energy projects, due to difficulties arising from the second wave of […]
NHPC forms JV company for strategic Ratle hydropower project in J&K
NEW DELHI: State-run NHPC Ltd has formed a joint venture company—Ratle Hydroelectric Power Corporation Ltd—for the implementation of strategic 850 megawatt (MW) Ratle hydroelectric project in Jammu and Kashmir. This comes in the backdrop of National Democratic Alliance government’s plan to fully utilise its share of water under the Indus Waters Treaty of 1960. Chenab […]
Zomato to shift entire delivery fleet to electric by 2030
Bengaluru: Gurugram-based food aggregator Zomato said it will be converting its entire delivery fleet to electric by 2030, as it joins Climate Group’s global electric mobility initiative. The IPO-bound company claimed that currently electric vehicles (EV) comprise a small fraction of its delivery fleet and are leveraged by delivery partners in only select cities of […]
Kinetic Green, Hero Electric, M&M unit eye India’s biggest EV contract
NEW DELHI : Hero Electric, Mahindra Electric Mobility and Kinetic Green Energy and Power Solutions are among firms in talks with Convergence Energy Services Ltd (CESL) for supplying electric two and three-wheelers as part of India’s biggest-ever push for green mobility, said two people aware of the development. The company, a subsidiary of Energy Efficiency […]
Goa, Kerala to procure 30,000 two, three-wheeler EVs under partnership with CESL
Convergence Energy Services Limited (CESL), CPSE under Ministry of Power has forged key partnerships with state governments of Goa, and Kerala to procure over 30,000 two- and three-wheelers. This is the first entry to the 2W and 3W segments in the country. The ministry of power claims that its solutions are designed to deliver affordable […]
Gujarat’s Kevadia to host ‘India’s first’ e-vehicles-only area
The Statue of Unity Area Development and Tourism Governance Authority (SOUADTGA) on Sunday said it will develop the “country’s first electric vehicles-only area” in Gujarat’s Kevadia. In its statement, the authority said that the area surrounding the 182-metre tall Statue of Unity in Kevadia in Gujarat’s tribal-dominated Narmada district will be converted into an electric-vehicles-only […]