JSW Energy on Tuesday said its arm JSW Renew Energy Five has inked a battery energy storage purchase agreement (BESPA) for the first 250 MW/500 MWh standalone battery energy storage system. An energy storage system of 250 MW/500 MW means 250 MW of battery energy can provide power backup for two hours, giving a total […]
Day: March 6, 2024
NHPC to set up 1,200 MW solar project in UP at Rs 797 cr investment
State-owned NHPC expects to complete the proposed 1,200 MW solar power project entailing an investment of Rs 796.96 crore in Uttar Pradesh in two years, the company said on Tuesday. Prime Minister Narendra Modi on Monday laid the foundation stone of the solar project through virtual mode. NHPC in an exchange filing stated that the […]
UP approves green hydrogen policy, setting up of 800 MW thermal plants
The Uttar Pradesh government on Tuesday approved a green hydrogen policy, and a proposal for setting up two units of 800 MW in Anpara in collaboration with NTPC at a cost of Rs 8,624 crore. The decisions were taken at a Cabinet meeting presided by Chief Minister Yogi Adityanath. “So far, hydrogen production technology has […]
BHEL bags order worth Rs 9,500 cr to set up 1,600 MW thermal project
State-owned Bharat Heavy Electricals Ltd (BHEL) on Tuesday said it has bagged an order from power giant NTPC to set up a 1,600 MW Singrauli thermal power project (Stage-II). The size of the order is more than Rs 9,500 crore, excluding GST (goods and services tax), BHEL said in a regulatory filing. “BHEL has received […]
Russia mulls putting nuclear power plant on moon with China: Report
Russia and China are considering putting a nuclear power plant on the moon from 2033-35, Yuri Borisov, the head of Russia’s space agency Roscosmos said on Tuesday, something he said could one day allow lunar settlements to be built. Borisov, a former deputy defence minister, said that Russia and China had been jointly working on […]
Adani Green operationlises additional 448 MW solar projects at Khavda
Adani Green Energy subsidiary Adani Green Energy Twenty Four B has operationalised an additional 448.95 MW solar power projects at Khavda in Gujarat. Together with earlier intimation dated February 14, 2024, an aggregate of 1,000 MW of solar power projects are operationalised at Khavda, Gujarat, a regulatory filing stated. According to the filing, Adani Green […]
Adani Power receives creditors’ approval for Lanco Amarkantak Power buy
Adani Power has received the creditors’ approval for the resolution plan to acquire insolvent Lanco Amarkantak Power, according to a company filing on Tuesday. The thermal power producer is planning to aggressively expand its capacity, and this is the company’s second acquisition under the insolvency resolution process in the financial year. “The Committee of Creditors […]
Adani Green Energy’s $409-million bond sale oversubscribed 7 times
Adani Green Energy’s $409 million bond offer was oversubscribed seven times by overseas investors. Several marquee investors like Jupiter, Schroders, Pimco, Metlife, AllianceBernstein participated in the offering. This transaction represents the first bond deal for Adani Group since September 2021 and follows the successful equity raise of over $1.4 billion, which was completed in December […]
Man smokes ‘beedi’ onboard IndiGo flight, arrested at Mumbai airport
A 42-year-old man has been arrested after he allegedly smoked a beedi inside a lavatory onboard a Riyadh-bound IndiGo flight, a Mumbai Police official said on Tuesday raising concerns over security as the passenger had managed to pass through pre-boarding check-in at the Delhi airport. He was handed over to the police by cabin crew […]
US vows to keep Boeing under microscope after audit: Secy Buttigieg
Transportation Secretary Pete Buttigieg said Tuesday U.S. regulators will keep Boeing “under a microscope” as the planemaker works to address quality issues. The Federal Aviation Administration (FAA) said Monday the agency’s six-week 737 MAX production audit into Boeing and supplier Spirit AeroSystems found multiple instances where the companies allegedly failed to comply with manufacturing quality […]
SpiceJet jumps 4% on reaching settlement deal with Cross Ocean Partners
Shares of SpiceJet jumped 4 per cent to hit a high of Rs 65 in an otherwise weak market after the low-cost air carrier reported a settlement deal with aircraft leasing firm, Cross Ocean Partners. At 12:55 pm, the stock traded with a gain of 2.5 per cent at Rs 64.20. The counter saw trades […]