The stock of Crompton Greaves Consumer Electricals has gained 4.5 per cent, accompanied by above average volume in today’s session, breaking above a key resistance level of ₹224. Following a steep fall in early March, the stock recorded a 52-week low at ₹177 in late March. It formed a key base in the band between […]
Category: Power
Solarisation of primary healthcare centres in rural India key to tackle Covid crisis
Solarisation of all un-electrified primary healthcare centres (PHCs) in rural India is the key to tackle Covid-19 pandemic. Outlining the steps needed to get to that goal, a collective of think tanks, research groups, healthcare service providers and renewable energy experts have come together to highlight the case for solarising of PHCs in rural India. […]
AP government to release ₹905 crore in dues to MSMEs, waive power charges for April, May
The Andhra Pradesh government has waived the minimum power charges for all micro, small and medium enterprises (MSMEs) for April and May in view of the lockdown. The government has also said it will release all pending dues to MSMEs which have not been paid from 2014-15, amounting to ₹905 crore, in two tranches. In […]
Lockdown has cut India’s energy demand by 30%, says report
Covid-19 is having a ripple effect in the global energy space. When India, a major consumer, goes for a nationwide lockdown, it reduces energy demand by almost 30 per cent. With each additional week of lockdown, annual energy demand is reduced by 0.6 per cent, according to the latest report of the International Energy Agency […]
KEC International resumes operations at all factories
Infrastructure firm KEC International on Thursday said it has resumed operations at all its factories in the country in a phased manner. “Pursuant to the necessary approvals/advisories received from the relevant governments authorities, the company has resumed operations/despatches at all its five factories in India in a phased manner,” KEC International said in a statement. […]
Telangana power regulator provides bill payment relief to industrial consumers
The Telangana Electricity Regulatory Commission has announced some bill payment relief measures for industrial consumers in the State. Considering the difficulties faced by the industries during the Covid-induced lockdown, the TS regulator suo-moto passed orders providing relief measures for industrial consumers under Section 108 of the Electricity Act, 2003. The industrial associations have represented to […]
Lockdown in big consumer like India cuts energy demand by 30%, says report
Covid-19 is having a ripple effect in the global energy space. When India, a major consumer, goes for a nationwide lockdown, it reduces energy demand by almost 30 per cent. With each additional week of lockdown, annual energy demand is reduced by 0.6 per cent, according to the latest report of the International Energy Agency […]
Covid-19 impact: Indian electricity demand to decline 1 per cent
The all-India electricity demand during financial year 2021 is likely to decline by about 1 per cent due to the coronavirus pandemic and the lockdown in its wake. According to a power sector update by rating firm ICRA, the power distribution companies (Discoms) in the country are likely to take a ₹20,000-crore loss and are […]
Clean energy: Gujarat, Rajasthan shine in FY20 while Karnataka retains top slot
Amid headwinds faced by the renewable energy sector in FY20, Gujarat and Rajasthan managed to add more capacities than others, while Karnataka retained its Number One position in total installed capacity. Gujarat’s total renewable capacity crossed the 10,000 MW mark in FY20, making it the third State after Karnataka and Tamil Nadu to have more […]
Power procurement through exchange by distribution utilities yields significant savings: IEX
The Indian Energy Exchange (IEX), an energy trading platform, has stated that it has witnessed heightened activity on exchange and the distribution utilities across India since the Covid-induced lockdown on March 25. While the peak demand declined by almost 25 per cent, the exchange has witnessed high sell side liquidity, which is almost at 2.7 […]
Retailers seek rent waiver, govt support; malls ask for waiving off electricity charges, government levies
Retailers and brands are seeking rent waivers across malls and high streets with earnings taking a hit due to the coronavirus-induced lockdown. Offers under consideration of mall management and landlords include total waiver during the lockdown period, partial waiver, renegotiated rates, and revenue sharing arrangements. Some have asked mall managements to waive off the minimum […]
Battery storage, smart grid, energy efficiency companies raise $252 m in VC funding in Q1 2020
Battery storage, smart grid, and energy efficiency companies raised $252 million during the first quarter of 2020 (Q1), a 20 per cent increase from the $210 million raised in Q1 2019. According to a Mercom Capital Group report, “Total corporate funding, including VC, debt, and public market financing, in battery storage was $244 million in […]