Tata Power is looking to scale down its international business by selling off its non-core assets and looks to double down in India, as it sees an upsurge in demand for power business in the country. Talking to BusinessLine, Praveer Sinha, CEO and MD, Tata Power, said the company’s plans to sell assets should bring […]
Category: Power
NTPC to seek shareholders nod to raise ₹ 15,000 cr via bonds
State-owned NTPC will seek shareholders’ approval to raise ₹15,000 crore through issuance of bonds or debentures and to raise borrowing limit to ₹2 lakh crore, next month. The company will seek shareholders’ nod through a special resolution to raise funds up to ₹ 15,000 crore through issue of bonds/debentures on private placement basis in domestic […]
Main gas fields in KG-D6 block in late life stage : Reliance
Reliance Industries has said its flagship natural gas fields in the KG-D6 block in the Bay of Bengal are in “a late life stage” with output plummeting to an all-time low. The company, beginning mid-2020, will bring to production three sets of new discoveries in the block that will reverse the years of decline in […]
EV operator SmartE raises ₹100-cr Series B funding
Electric vehicle (EV) operator SmartE, which provides electric three-wheelers for last-mile connectivity at metro stations, announced raising a Series B funding of nearly ₹100 crore from Mitsui & Co, a Japanese trading and investment company. SmartE had raised a $5-million Series A round in 2017. The company said it would use this funding to expand […]
India needs to double refining capacity despite electric vehicles push: Pradhan
India will have to nearly double it’s existing hydrocarbon refining capacity to meet the fuel demand despite a rapid push towards electric vehicles according to Minister for Petroleum and Natural Gas, Dharmendra Pradhan. Speaking at the Council on Energy, Environment and Water Energy Horizons 2019, Pradhan said, “In India, we have current domestic refining capacity […]
Andhra Pradesh CM, Chandrababu in a war of words over power pacts
Andhra Pradesh Chief Minister YS Jaganmohan Reddy and former Chief Minister N Chandrababu Naidu on Friday got involved in a heated debate in the State Assembly . The Chief Minister alleged “a huge Rs. 3,000-crore or even Rs. 4,000-crore per annum scam” on the power purchase agreements (PPAs) signed during the five-year TDP rule, which […]
TSSPDCL inaugurates 100 kW Solar plant at Sangareddy; Freyr to solarise more offices
Telangana State Southern Power Distribution Company Ltd (TSSPDCL) has commisioned a 100 kW solar rooftop plant at its Sangareddy circle office. This is part of the Distribution company’s effort to promote and integrate rooftop solar across its offices. G Raghuma Reddy, CMD, and Board of Directors, TSSPDCL, late last week inaugurated 100-kW solar plant at […]
BHEL bags Rs 486 cr order from NPCIL for Kudankulam project
State-owned BHEL on Sunday said it has secured an order worth Rs 486 crore from Nuclear Power Corporation of India Ltd (NPCIL) to erect the reactor side equipment in unit 3 and 4 of Kudankulam project. “BHEL has secured an order for erection work of reactor side equipment of 2×1000 MWe (Units 3&4) Kudankulam Nuclear […]
Solar Energy Corporation refuses to cut solar tariff for AP discom
State-run Solar Energy Corporation (SECI) has refused to lower tariff for 400 MW electricity supplied from a solar park at Galiveedu Mandal in district Kadapa to Andhra Pradesh South Power Distribution Company Ltd (APSPDCL). SECI has also refused to attend a tariff negotiation meeting called by the discom on Monday (July 22), as per a […]
NTPC Kudgi Power Project elevates Raj Kumar as Executive Director
Raj Kumar, Chief General Manager – Head of Project, NTPC Kudgi Super thermal Power Project has been elevated to the level of Executive Director. Kumar had assumed charge as Chief General Manager of Kudgi Super thermal Power Project on February 11. Kumar has wide and varied experience spanning over 37 years in areas of operation […]
Company news: IMP Powers
IMP Powers has successfully commissioned a small hydro power project (2 x 500 KW) at Chillong, Kargil. The project, executed by IMP Powers for Kargil Renewable Energy Development Agency (KREDA), will provide round-the-clock power facilities for the first time to around 3,000 households of Tai Suru Block located at Kargil. IMP Powers has thus become […]
L&T bags ‘significant’ orders from Damodar Valley Corporation
Infrastructure company Larsen & Toubro on Friday said its power business has bagged “significant” orders from Damodar Valley Corporation (DVC) to set up flue gas desulphurisation (FGD) systems in three of its power plants. DVC’s three plants where FGD systems will be set up are Durgapur Steel Thermal Power Station (2×500 MW), Mejia Thermal Power […]