The Central Electricity Regulatory Commission has directed power exchanges to not allow any manual entry of bids on behalf of their members within or after trading hours. It has also ordered exchanges to not accept any bids after the trading hours. India has three power exchanges – India Energy Exchange (IEX), Hindustan Power Exchange (HPX) […]
Day: February 22, 2024
Torrent Power, Lanco emerge as lowest bidders in gas-fired power auction
India’s Torrent Power and Lanco Group were among the companies emerging as the lowest bidders in an auction to supply natural gas-fired power during periods of unusually high electricity use, a document reviewed by Reuters showed. India relies on coal to generate about three-quarters of its electricity, and power generated from coal is typically much […]
Shell’s vision aligns with that of PM Modi for India’s energy sector, says chief executive officer Wael Sawan
Rising political and social polarisation across the world is a real concern as it brings policy instability and raises risks for investments in the energy sector, Shell chief executive officer Wael Sawan told ET’s Sanjeev Choudhary in an interview. The trajectory of the energy transition will be driven by economics and may not change even […]
BluSmart signs deal with Tata Power; moves to solar power for all EV charging needs
BluSmart, an all-electric ride-hailing startup, said on Wednesday it will power its fleet of electric cabs with solar energy supplied by Tata Power, marking a key step towards sustainable transportation in India. As per an agreement between the two companies, BluSmart will receive 30 megawatts (MW) this year from Tata Power that will be used […]