Indosol Solar aims to complete phase-1 of its multi-crore integrated solar module project in Andhra Pradesh by 2025, said Sharat Chandra, CEO of parent SSEL Group, on Thursday. Under the phase-1, Indosol Solar is investing Rs 15,000 crore to set up 5 gigawatts (GW) of modules, 5 GW wafers, 5 GW ingot, and 5 GW […]
Category: Power
Power
Centre to develop plant for recycling lithium-ion batteries, e-waste in Uttarakhand
The Technology Development Board (TDB), under the Department of Science and Technology (DST), on Tuesday said it has partnered with startup Remine India to develop a commercial plant for recycling lithium-ion (Li-ion) batteries and e-waste using indigenous technology in Uttarakhand. Through the agreement signed recently, the TDB pledged financial assistance of INR 7.5 crore out […]
IREDA logs highest-ever loan sanctions, disbursements in FY23-24
State-owned Indian Renewable Energy Development Agency (IREDA) on Tuesday said that it has recorded its highest-ever annual loan sanctions and disbursements in fiscal 2023-24. The company has sanctioned loans amounting to Rs 37,354 crore and disbursed loans worth Rs 25,089 crore during the fiscal year 2023-24, an IREDA statement said. According to the statement, this […]
Power ministry initiates joint R&D in energy domain with focus on sustainable development goals
The National Power Training Institute (NPTI) and Power Trading Corporation of India Limited (PTC) have signed a memorandum of understanding (MoU) to establish a Centre of Excellence (CoE) for Research and Development (R&D). The Union Ministry of Power in a press release said this collaboration aims to address pressing challenges in the energy domain while […]
NTPC clocks 50% growth in mine output in FY24, records all-time high power generation
India’s largest power generating company, NTPC or National Thermal Power Corporation has clocked 55 per cent growth in coal despatches along with 50 per cent expansion in output across all mines in FY24, as compared to last year. The company also recorded an all-time high annual electricity generation of 422 billion units in the fiscal […]
Just 5% may purchase electric cars this year, most want EVs under INR 10 lakh: Survey
Only 5 % of those looking to buy a four-wheeler in the country are likely to buy an electric car this year, according to a survey. The survey, based on the response of 40,000 people from across 319 districts, also found that more than half of the “existing or prospective car owners” are willing to […]
India hydropower output records steepest fall in nearly four decades
India’s hydroelectricity output fell at the steepest pace in at least 38 years during the year ended March 31, a Reuters analysis of government data showed, as erratic rainfall forced further dependence on coal-fired power amid higher demand. The 16.3% drop in generation from the country’s biggest clean energy source coincided with the share of […]
EDF plans partial sale of India clean energy assets
French energy company Electricite de France SA (EDF) plans to partially divest its clean energy assets in India as part of efforts to pare its debt of more than $50 billion, said multiple people aware of the development. EDF Renewables India has 530 MW of operational assets in Rajasthan and Gujarat. Presently, EDF has a […]
Domestic power consumption rises 1.4% to 129.89 billion units in March
India’s power consumption growth remained subdued at 1.4 per cent to 129.89 billion units (BU) in March as compared to the year-ago period mainly due to pleasant weather, according to government data. In March 2023, power consumption stood at 128.12 BU, lower than 128.47 BU recorded in the same month a year earlier, the data […]
Ambani-Adani collaboration: RIL picks 26% stake in Adani Power project
In the first collaboration between rival billionaires, Mukesh Ambani’s Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants’ 500 MW of electricity for captive use. Reliance will pick up 5 crore equity shares in Mahan Energen Ltd, […]
India renews agreement to export electricity to Nepal
India on Friday renewed the agreement to export electricity to Nepal as per the Himalayan nation’s request two days before the expiry of the pact on March 31, an official said. “We have received the notification about the renewal of the agreement to export electricity to Nepal until June end,” Chandan Ghosh, Nepal Electricity Authority […]
Adani Green Energy begins operation of 775 MW solar projects in Gujarat
Adani Green Energy on Friday announced the beginning of the operation of its 775 megawatt solar power projects in Khavda, Gujarat. The capacities have been operationalised after securing relevant clearances, Adani Green Energy Ltd (AGEL) said in an exchange filing. Adani Green Energy through its various wholly-owned stepdown subsidiaries has operationalised an aggregate 775 MW […]