Category: Power

Ola Electric sold a scooter every 10 seconds during Dussehra and Navratri, its founder and chief executive officer, Bhavish Aggarwal, claimed. In total, the electric scooter maker sold 2.5 times more scooters than last year, Aggarwal added. “Our sales have gone through the roof this Dussehra and Navratri! I’m selling a scooter every 10 seconds […]

Tensions from the war in Gaza could help accelerate the move away from planet-warming fossil fuels like oil and gas and toward renewable energy, electric cars and heat pumps – similar to how sharp increases in the price of oil during the 1970s unleashed efforts to conserve fuel, the head of the International Energy Agency […]

The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea to initiate insolvency proceedings against Inox Wind by an operational creditor of the company. A three-member bench of the insolvency appellate tribunal also upheld the orders of the Chandigarh Bench of the National Company Law Tribunal (NCLT), which on May 22, 2023, rejected the […]

Small renewable energy projects installed by consumers are set to get a boost as the government has modified the proposed growth trajectory of renewable energy purchase obligations for distribution companies and open access consumers, and made it more stringent. While the overall renewable purchase obligation (RPO) trajectory from FY25 to FY30 remains the same as […]

The power ministry may not participate in the accelerated coal transition investment plan submitted by the World Bank as it is not considering repurposing or retiring any coal-based thermal power plant before 2030, said people with knowledge of the matter. The plan offers to facilitate a transition away from coal.

India’s demand for electricity for running household air conditioners is estimated to expand nine-fold by 2050 and will exceed total power consumption in the whole of Africa today, the International Energy Agency (IEA) said on Tuesday. In its latest World Energy Outlook, IEA said India will see the largest energy demand growth of any country […]

Construction engineering company Gensol Engineering on Wednesday said that it has bagged a contract worth Rs 301.5 crore from Maharashtra State Power Generation Co Ltd (Mahagenco). The latest contract is for the installation and commissioning of a solar power plant.

Mahindra Group chairperson Anand Mahindra, a prominent figure in the business world, recently commended a remarkable achievement by a group of IIT Bombay students on X. In a post shared on Saturday, Mahindra showcased his enthusiasm for the “world’s first foldable diamond frame e-bike,” which he has actively supported through his investments. The innovative startup, […]

Mumbai: Adani Power is close to taking over bankrupt power company Coastal Energen for ₹3,440 crore. After two days of intense bidding, Adani Power emerged as the winner late Saturday evening, said two people with knowledge of the matter. Jindal Power, the other bidder in the fray, quit the race, they added.

The Indian market is expected to trade flat on Monday amid mixed global cues. The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 19600 on Friday. India VIX was down by 0.76% from 10.89 to 10.81 levels in the previous trading session.

International Atomic Energy Agency (IAEA) Director General Rafael Grossi on Monday arrived in India on an official visit. “A warm welcome to DG @iaeaorg @rafaelmgrossi as he arrives on his first visit to India as Director-General of IAEA. His visit will further strengthen India-IAEA ties across diverse sectors,” Ministry of External Affairs Official Spokesperson Arindam […]

The government will bid out over ₹2 lakh crore worth of road projects on the build-operate-transfer (BOT) model by March 2024, giving a renewed push to the public-private partnership in road construction, road transport and highways minister Nitin Gadkari has said. This shift from the existing emphasis on engineering, procurement, and contract (EPC) model will […]