Power articles

GE Power India bags job orders worth Rs 327.5 cr

GE Power India has won two orders worth of Rs 327.5 crore from Doosan Power Systems India Pvt (DPSI) to supply ambient air quality control systems to be installed at power plants. “… awarded two contracts by DPSI to supply ambient air quality control systems for Jawaharpur and Obra C power plants operated by Jawaharpur

Reliance Infra, Adani Transmission in talks for integrated Mumbai power biz

Reliance Infrastructure has entered into a period of exclusivity with Adani Transmission for proposed sale of its integrated business of generation, transmission and distribution of power for Mumbai. In a regulatory filing on Tuesday, Reliance Infrastructure said, “It has entered into a period of exclusivity until January 15, 2018, in relation to discussions for the

Inox Wind gets 250 MW project in Gujarat

Wind turbine maker Inox Wind today said it has bagged a 250 MW project in the SECI-II auction. “The company has won 250 MW in the SECI-II auction representing a 25 per cent market share. The bid was won at a fixed price of Rs 2.65/unit for 25 years,” Inox Wind said in a BSE

BHEL pays 79% dividend for 2016-17, highest in 3 years

State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) has paid a final equity dividend of 39 per cent for 2016-17. With this, the total dividend paid during the year stands at 79 per cent, including an interim one of 40 per cent paid earlier, BHEL said in a statement on Wednesday. The figure is

‘India’s renewables to double by 2022, overtake EU expansion’

India’s renewable energy capacity will more than double by 2022, which would be enough to overtake renewable expansion in the European Union for the first time, International Energy Agency (IEA) said in a report. The country’s renewable energy installed capacity is 58.30 GW as per the recent government data. The government has an ambitious target

Sustained energy demand recovery is still absent, says ICRA

A sustained energy demand recovery is still absent and the stressed thermal assets are sizeable at about 60 GW, credit rating firm ICRA said today. The recent uptrend in the electricity demand growth has led to a marginal improvement in the all India thermal PLF (plant load factor or capacity utilisation) to 59.9 per cent

Energy firm ACME applies to Sebi for Rs 2,200-cr IPO

Renewable energy firm ACME Solar Holdings has filed preliminary papers with Sebi to raise Rs 2,200 crore through an initial public offering, according to draft papers filed with the markets regulator. Funds raised through the issue would be used to pay debt and to finance the company’s 200 MW solar power project in Rajasthan and

Tech Mahindra, Power Ledger to test MaaS-based electricity solution

IT firm Tech Mahindra, in collaboration with electricity trade platform provider Power Ledger, on Friday announced a series of trials to develop a new mechanism of electricity production through ‘Microgrid-as-a-Service’ (MaaS). MaaS is an integrated platform incubated by Tech Mahindra to create a new model in the electricity market which will enable building owners, campuses,