As the renewable energy sector faces a slowdown, industry representatives and experts seek a multi-dimensional policy framework from the new government to restore market confidence and put the sector back in the strong growth mode. The renewable energy sector added less than 60 per cent (about 8600 MW) of its targeted capacity of 15,602 MW […]
Category: Power
Mahindra Electric expects to double EV sales in FY20 too
Mahindra Electric, a part of the Mahindra group, on Tuesday said it expects to continue with the sales momentum of the last fiscal in which it doubled sales on the back of its focus on electric vehicles for fleet operators and three-wheelers. The company, which saw electric vehicles sales grow two-and-a-half times to 10,276 units […]
Waaree Energies powers up new solution to improve efficiency
Waaree Energies, an Indian solar PV (photovoltaics) module manufacturer, has come up with an innovation that improves the efficiency by reducing power loss. Mumbai-based Waaree, one of the leading PV makers, has launched a 400 Watt peak (Wp) cut cell module series, which it says will improve power output by 50 per cent. It has […]
NTPC may set up solar power project without signing a power purchase pact
NTPC is considering setting up of a solar power project without signing a power purchase agreement (PPA) with State Discoms. A top company official said: “If solar power is really the cheapest source of electricity, the power generated should be bought by the power distribution companies (Discoms) or other entities without any hurdles. The power […]
Uranium Corporation to invest ₹10,500 cr for 13 projects
The Uranium Corporation of India (UCIL) is set to take up 13 projects with a total outlay of ₹10,500 crore. “The detailed project reports (DPRs) for these 13 projects are at various stages of preparation,” CK Asnani, Chairman and Managing Director, UCIL, said. These projects have in-principle approval from the Atomic Energy Commission and later […]
NTPC seeks ISA’s endorsement for developing solar projects
The International Solar Alliance has received a request from NTPC for being endorsed as a roof top solar project developer/consultant in ISA’s member countries. Before formalising this endorsement, the ISA has sought bids under a Swiss Challenge (single bid to offer a cheaper but comparable good or service) method from companies around the world. In […]
We are examining the suggestion to merge Renewable and Power Ministries: RK Singh
The Ministry of New and Renewable Energy (MNRE) and the Ministry of Power (MOP) may be merged to form one integrated Ministry if a suggestion for the same finds favour within the government. Newly-appointed Minister of State (Independent Charge) for Power and New and Renewable Energy, RK Singh, confirmed that such a suggestion has been […]
Telangana power capacity tops 16,203 MW, up from 7,778 MW in 2014
The Telangana power transmission network has doubled from 14,059 MVA to 28,884 MVA and the contracted capacity has gone up to 16,203 MW from 7,778 MW in the past five years since the state’s formation in June 2014, thereby, enabling round-the-clock power supply without power cuts. Stating that these would not have been possible but […]
Tata Steel completes acquisition of Bhushan Energy
Tata Steel on Saturday announced that it has completed the acquisition of debt-ridden Bhushan Energy Ltd. The announcement came after the National Company Law Tribunal (NCLT) approved the resolution plan of Tata Steel to acquire Bhushan Energy for around ₹ 800 crore. “We wish to inform you that Tata Steel BSL Ltd has successfully completed […]
Karnataka seeks ₹250 crore for electric vehicle charging stations
Karnataka has sought ₹250 crore assistance under FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme to set up 1,000 public electric vehicle charging stations in the State. “We have set up 200 charging stations on our own. To create a conducive atmosphere for the sector to grow, we want to increase it […]
Adani Green’s subsidiaries to raise $500 mn via bonds
Adani Green Energy on Friday said the boards of its three subsidiaries have approved the pricing, tenure and other terms for issuing dollar denominated bonds worth USD 500 million ( about Rs 3,490 crore). According to a BSE filing, the boards of Adani Green Energy (UP), Parampujya Solar Energy Private and Prayatna Developers Private have […]
Renewable is the future, but thermal will co-exist for some time: JSW Energy CEO
Prashant Jain, Joint MD & CEO, JSW Energy, part of the $13-billion Sajjan Jindal-led JSW Group, has seen an interesting couple of years. It diversified into EV, put a team together, lined up investments and then decided to pull the plug. On the power front, the sector has been under stress, but the Supreme Court […]