In the area of solar rooftop installations, Gujarat has stood first in the country with total 261.97 megawatts (MW) of installed rooftop solar capacity as on July 23, 2019. As per the Central government data, total rooftop solar installations in India is 1700.54 MW. Responding to a question raised by MP Parimal Nathwani in Rajya […]
Category: Power
Tata Power to install 500 EV charging stations across 5 cities in next one year
Tata Power plans to install 500 Electric Vehicle (EV) charging outlets across five cities over the next one year as the integrated power company readies the ground for the transition to battery-powered vehicles. Tata Power Managing Director and CEO Praveer Sinha told BusinessLine that the charging stations are being installed in Delhi, Mumbai, Bengaluru, Pune […]
NTPC, BHEL ink pact to set up JV for eco-friendly power plant
NTPC Limited and Bharat Heavy Electricals Limited (BHEL) have signed a Memorandum of Understanding (MoU) for forming a Joint Venture company, to set up a 800 MW Technology Demonstration Plant (TDP) at NTPC’s existing power plant in Sipat, Chhattisgarh. “The demonstration plant shall be based on the Advanced Ultra Super Critical (AUSC) technology which marks […]
Solar power will soon become a peak-load source of energy: UPERC Chairman
The viability of storing solar power using batteries and using the same power during peak times is increasing due to declining battery prices, said Raj Pratap Singh, Chairman, Uttar Pradesh Electricity Regulatory Commission (UPERC), here. “The storing of solar power using batteries is already working in several countries. In Australia, they charge batteries using renewable […]
Power Ministry eases payment norms for Discoms
The Power Ministry has clarified that power distribution utilities can procure electricity from State government-owned power generation utilities without offering a Letter of Credit as an immediate payment assurance, in an official statement. Of the country’s 358 GW installed power generation capacity, 105 GW are controlled by State governments. The rest is shared by Central […]
L&T Q1 net up 21% at ₹1,473 crore
L&T has reported revenue growth on the back of fresh orders, even as it said that the private sector investments look subdued in the next 15-18 months. Addressing reporters on its first quarter performance, SN Subrahmanyan, CEO & MD, said: “Don’t see businesses adding capacity even if they want to. Availability of liquidity is a […]
L&T Hyderabad Metro to have 8 MWp solar rooftop capacity by end of 2019
L&T Metro Rail (Hyderabad) Limited (L&TMRHL) has planned captive solar plants with a capacity of approximately 8 mega watt peak (MWp) in Metro depots and on station rooftops. The company expects solar units to meet 15 per cent of the total electrical consumption. As on date, 3 MWp has been commissioned and another 1 MWp […]
AP move to review PPAs of renewable projects puts ₹ 21,000 cr debt at risk, says Crisil
The Andhra Pradesh Government’s move to review and bring down the purchase cost of wind and solar energy could aggravate the problem of delayed payments from distribution companies. This could lead to stress of about 5.2 GW of renewable projects with estimated debt exposure of over ₹ 21,000 crore, according to rating firm Crisil. Nearly […]
Saudi Arabia is set to start first wind power plant to reduce fossil fuel use
Saudi Arabia, the world’s biggest oil exporter, is poised to start generating wind power within three years as part of an effort to harness renewable energy to cut local demand for fossil fuels. The renewable energy units of Electricite de France SA and Abu Dhabis Mubadala Investment Co. completed arrangements with Saudi and international banks […]
France’s EDF upbeat on India across renewable, nuclear, T&D sectors
French power multinational EDF (Électricité de France) is upbeat on India across several areas including renewables, nuclear power, transmission and distribution systems, and smart grids. The company, which had bagged a mega project to deploy five million smart meters in Bihar and Andhra Pradesh, has completed pilot projects and is stepping up efforts to deploy […]
Tickerplant ties up with S&P Global Platts to provide energy information
Content provider Tickerplant Ltd on Monday said it has entered into an agreement with S&P Global Platts to provide information on the energy vertical to corporates in India. S&P Global Platts is an independent provider of information and benchmark prices for commodities and energy markets. S&P Global Platts data, to be made available through Tickerplant’s […]
Greenko raises $950 mn through bond offer
Renewable energy company, Greenko, has successfully raised $950 million through a bond offer with global investors. The bond offer was over-subscribed three times. This is the largest high-yield bond from India this year and the largest Green Bond from Asia. The process was completed in five days.