As India prepares to revive its economy in the aftermath of the pandemic, Schneider Electric, which is into energy management and automation, is looking ahead to capture an acceleration in megatrends soon to be driven by government initiatives. “Access to energy and digital is a basic human right and yet there are over 1.3 billion […]
Category: Power
Energy efficiency schemes led to savings of around ₹90,000 crore: PWC report
The implementation of energy efficiency schemes has led to savings worth about ₹90,000 crore in the FY19, according to official estimates. These numbers are based on a report titled Impact of energy efficiency measures for the year 2018-2019 by PWC Limited, who was engaged by the Bureau of Energy efficiency (BEE). This study estimates that […]
Analysts give thumbs up to BHEL’s novel asset monetising initiative
Analysts turned bullish on BHEL after the PSU major made an ‘out-of-the-box’ thinking. Just when global majors are looking to diversify their supply chains, BHEL has floated expressions of interest to woo international companies to set up manufacturing in India. The stock has been under heavy pressure, due to power sectors and general negative sentiment […]
Rooftop solar solutions provider MYSUN to enter new markets
Armed with a fresh round of funding, MYSUN, a rooftop solar energy solutions provider plans to enter new markets. MYSUN which providers solar solutions through its platform such as financing, recently raised ₹32 crore from existing investors in a structured equity deal as a part of its Pre-Series A round. The company did not disclose […]
Adani Green plans ₹10,000-cr capex this year to build wind, solar plants
Adani Green Energy Ltd, one of India’s leading renewable energy companies, expects to spend ₹ 8,000 crore and ₹10,000 crore in the current financial year, to build between 1,100 MW and 1,500 MW of wind and solar power plants, the company’s CEO, Jayant Parimal, said in a conference call today. Roughly ₹7,000 crore of this […]
NTPC resumes construction work of Telangana Super Thermal Power Project
Work on the 1,600-MW NTPC-Telangana Super Thermal Power Project Phase-I, which was put on hold from March 25, 2020, following nationwide lockdown due to the Covid-19 pandemic, restarted in line with Central and State government guidelines. The power sector major started work today after the Peddapalli District Administration gave permission to NTPC following Central guidelines […]
Timeline extended for responses on safeguard duties on solar cells
May 11 for the industry to file responses on continuing the safeguard duty on import of solar cells. The extension was granted as the nationwide lockdown made it difficult to make submissions within the timeframe. “Various interested parties have expressed inability to file responses to questionnaire within April 30, 2020 due to imposition of nationwide […]
Andhra Pradesh to extend free power to farm sector during Kharif season
Andhra Pradesh government will supply free power for nine hours to 81 per cent of feeders of the farm sector during the Kharif season and will increase it to 100 per cent for the next Rabi season. This was revealed in a review meeting held here on Friday chaired by State Chief Minister YS Jagan […]
Andhra Pradesh power sector seeks financial support from Centre
The Andhra Pradesh government has urged the Centre to extend immediate financial assistance to the State’s beleaguered power sector, which is facing severe financial crisis. The sharp drop in power consumption and revenue collections and the increasing burden of paying fixed charges to power generators during the nationwide lockdown has driven the State power sector […]
PM reviews power, aviation sectors amid Covid-19
Prime Minister Narendra Modi on Friday reviewed the position of the power and aviation sectors amid the impact of Covid-19 lockdown. He also discussed various long-term reforms for enhancing sustainability, resilience, and efficiency of the power sector. “The discussions included measures regarding ease of doing business; propagation of renewables; flexibility in supply of coal; role […]
Ramesh Babu V takes over as director operations at NTPC
State-owned power giant NTPC on Friday announced that Ramesh Babu V has assumed charge as director operations at NTPC, effective May 1. Babu graduated as a mechanical engineer from NIT Srinagar and completed his masters in thermal engineering from IIT Delhi, a company statement said. He joined NTPC as an executive (trainee – 12th batch) […]
Draft Electricity Act to usher in distribution sector reforms, financial discipline, focus on renewable energy push
The Draft Electricity Act (Amendment) Bill 2020, which has been shared by the Union Power Ministry for suggestions, lays focus on next generation reforms, financial health of distribution companies, their ownership, governance and thrust on renewable energy sector. The much-awaited changes sought for the ageing Electricity Act, 2003 was shared by the Union Power Ministry […]