NEW DELHI : In what will add heft to International Solar Alliance (ISA) and India’ credentials on the global stage, Germany may join the first treaty-based international government organization headquartered here, said two people aware of the development. This assumes significance, given that Germany is a member of P5+1 grouping, comprising of the five permanent […]
Category: Power
Power
NTPC develops infrastructure at Rihand project for increased use of fly ash
NEW DELHI : To transport fly ash to cement plants located at distance, NTPC Limited has developed infrastructure at Rihand project in Uttar Pradesh, informed the central public sector unit (PSU) on Sunday. “The development is in line with NTPC’s commitment towards 100 per cent utilisation of fly ash from power plants,” said NTPC in […]
Germany may join International Solar Alliance
NEW DELHI : Germany has expressed interest in joining Gurugram-headquartered International Solar Alliance (ISA), said two people familiar with the matter. The move will add heft to the country’s credentials and the first treaty-based international government organization headquartered in India. “Germany is interested in joining the ISA and there have been meetings on the same,” […]
Adityanath orders STF probe into smart meters malfunctioning across major cities
A day after lakhs of smart electricity meters installed in many cities of Uttar Pradesh stopped functioning, Chief Minister Yogi Adityanath on Thursday ordered a probe into the matter by the state’s Special Task Force (STF). “The CM has ordered a probe by the STF into the matter at a review meeting this morning,” Additional […]
Govt to provide land near ports for manufacturing solar equipment
NEW DELHI : India plans to offer land near its ports to companies for building solar equipment factories, as it seeks to attain self-reliance and challenge the dominance of China in one of the world’s largest green energy market, said two people aware of the development. With 110,000 hectares of land available across a dozen […]
Lenders seek better offers for CG Power under Swiss Challenge
MUMBAI: Led by State Bank of India (SBI), lenders to CG Power and Industrial Solutions Ltd on Wednesday sought resolution plans from bidders under the Swiss Challenge method, according to a public notice. This comes after Murugappa Group-led Tube Investments of India Ltd agreed to invest ₹700 crore in the company for a 56% stake. […]
Tata Power Q1 result: Consolidated PAT up 10% to ₹268 crore
MUMBAI : Tata Power said on Wednesday its consolidated profit after tax moved up by 10% at ₹268 crore in the first quarter of current fiscal as compared to ₹243 crore in Q1 FY20. The company maintained stable performance despite lower profits from solar engineering, procurement and construction (EPC) businesses mainly on account of lower […]
Indian govt to allow registration of electric vehicles without batteries
The key component in an electric vehicle (EV) is the battery unit and the range of the vehicle is determined by its capacity and efficiency. However, it also constitutes 30%-40% of the total cost of the vehicle. In order to bring down prices and increase adoption, the Indian government has taken an important decision to […]
Centre allows registration, sale of EVs without pre-fitted battery
The union road transport and highways ministry has asked states to allow registration and sale of electric vehicles (EVs) without pre-fitted battery, in what may reduce the cost of such vehicles and also encourage the use of swappable batteries. With India striving to create an ecosystem to encourage adoption of electric mobility, the latest step […]
Banks eye better CG Power offer
Lenders to CG Power and Industrial Solutions Ltd on Wednesday asked interested entities to better an offer made by Tube Investments of India Ltd for a majority stake in the stressed power equipment maker, in an attempt to derive greater value from the sale. Murugappa Group-led Tube Investments had agreed to invest ₹700 crore in […]
EV manufacturers, startups enthused by new policies of Delhi and Telangana
DELHI : As state governments of Delhi and Telengana unveiled their respective policies to promote manufacturing and sales of electric vehicles, manufacturers and startups in the electric mobility ecosystem appreciated the efforts of both state governments. The new policies of both state governments follow the centre’ announcement to earmark ₹10000 crore for subsidies on electric […]
Adani Transmission Q1 result: Net profit up 67% at ₹355 crore
NEW DELHI : Adani Transmission on Friday posted 66.52% jump in consolidated net profit at ₹355.40 crore for June quarter 2020-21. In the year-ago period, the company clocked a profit of ₹213.42 crore, a BSE filing said. Total income in June quarter was ₹2,542.84 crore as compared to ₹2,889.74 crore in the same period last […]