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 […]
Day: April 1, 2024
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 […]
HAL achieves record growth despite supply chain challenges
State owned Hindustan Aeronautics Limited (HAL) soared to new heights in the financial year ending March 31, 2024, reporting an outstanding double-digit growth in revenue. The aerospace giant achieved a record-breaking revenue of over Rs. 29,810 crores, marking an impressive 11 percent increase compared to the previous fiscal year’s 9 percent. This significant growth demonstrates […]
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, […]
KSEB considers options as power demand skyrockets
THIRUVANANTHAPURAM: The Kerala State Electricity Board (KSEB) has a tough task ahead meeting power demand, as soaring temperatures ensure that consumption records are breached with each passing day. Power consumption hit an all-time high of 104.63 million units (MU) on Wednesday. Maximum demand for the day was 5,197 MW. This bettered the 103.86-MU mark set […]
Bridge collapses in Karnataka, years of demand washed out
KUMTA(UTTARA KANNADA): A bridge under construction at Tharibagilu in Kumta taluk of Uttara Kannada district across river Aghanashini caved in, enraging the public. After years of demand by the people of Hegde, Tharibagilu and other places, the work on the bridge connecting Hegde and Tharibagilu began a year ago. But the bridge caved in on […]
A better road to tomorrow, the electric odyssey capital
Setting its sight on becoming the world’s Electric Vehicle (EV) capital, Tamil Nadu is making steady strides. With auto giants pivoting towards electric mobility, a substantial portion of electric vehicles sold nationwide are ‘Made in Chennai’. According to the Ministry of Road Transport and Highways’ Vahan Dashboard data, 40% of electric vehicles sold in India […]
Tamil Nadu sets new record in power consumption on Friday
CHENNAI: In a new record, Tamil Nadu witnessed a surge in power consumption, hitting 426.785 million units (MUs) for the first time on Friday. This surpasses the previous record of 423.785 MUs set on April 20, 2023. While comparing the previous record, the state crossed power consumption threshold earlier. A senior official told TNIE, “With […]