Category: Power

Adani Solar is eyeing 50 per cent market share in retailing of solar panels in two years. Stating that the company is looking to strengthen its retail distribution network across the country, Cecil Augustine, General Manager (Business Development), Adani Solar, told reporters here on Saturday that a network has been established in Rajasthan, Uttar Pradesh, […]

The Ministry of New and Renewable Energy (MNRE) is considering setting up a web portal to publicly disclose payment delays to renewable energy players from power distribution companies (Discoms). The move is expected to usher in more transparency in pending payments. A person aware of the recently held ‘ Chintan Baithak’ (brainstorming meet) conducted by […]

Renewable energy companies are now feeling the pinch of the ongoing crisis in the NBFC sector, with the latter shying away from infrastructure financing in the private sector. The problem is acute, especially given the fact that it was only NBFCs that were funding infrastructure projects till 2017-18-end in the wake of the banking sector […]

Jindal Steel and Power Ltd (JSPL) on Tuesday reported a ₹1,154.24-crore loss for the fourth quarter of FY19. A company statement said the loss was on account of a write-off of differential royalty amount paid earlier in the year. JSPL had reported a profit of ₹145.08 crore in Q4 FY18. Total income during the period […]

The Ministry of Power is working on changes to contain the cost of power purchase across the country. “The Ujjwal Discom Assurance Yojana (UDAY) has brought the focus of Power Distribution Companies (Discoms) back on the power purchase costs, which are around 80 per cent of their annual costs. In 2016-17 and 2017-18, the inflationary […]

Power consumption in the metropolis of Hyderabad has registered its peak demand surge to 3,276 MW this year, up from 2,950 MW last year. Registering a growth of about 10 per cent over last year, the consumption is more than what is consumed by all the North-East States put together, according to D Prabhakar Rao, […]

Ninety per cent of all awarded Hybrid Annuity Model (HAM) projects worth over Rs. 1 lakh crore have achieved debt funding. The funding puts to rest apprehensions of bidding intensity in HAM projects offered by the National Highways Authority of India (NHAI) and consequent fear that many of these projects will not achieve debt tie-up, […]

Stanley Black & Decker has launched Stanley Earth, an energy efficient, solar-powered water pump for the farming sector. The company aims to leverage its core technology expertise to address unmet societal needs, including critical sustainable development challenges such as water, energy, and climate. “Nearly two years ago, we set out on a mission to deliver […]

The Goa government has decided to upgrade the electricity transmission and distribution network across the coastal state at a cost of Rs 1,000 crore, a senior official said on Monday. An administrative approval has been already granted for the works and the tendering process will start once the model code of conduct enforced for the […]

In a move that could be of some respite for IL&FS lenders, Japan’s ORIX Corporation has agreed to take control of IL&FS’ wind energy company by buying the 51 per cent it does not own in IL&FS Wind Energy Ltd. Earlier, GAIL Ltd had offered about ₹4,800 crore for 100 per cent of enterprise value. […]

The Telangana State Transmission Company (Transco) on Saturday said it has not cancelled Stage II of NTPC’s 2400 MW power plant to be set up at Ramagundam but has asked to defer its construction. Transco said that it would take a decision at the right time depending upon the requirement of power in the state […]

In a move that could be of some respite for IL&FS lenders, Japan’s ORIX Corporation has agreed to take control of IL&FS’ wind energy company by buying the 51 per cent it does not own in IL&FS Wind Energy Ltd. Earlier, GAIL Ltd had offered about ₹4,800 crore for 100 per cent of enterprise value. […]