Category: Power

Renewables would be preferred source of energy by 2030 with tariffs ranging between Rs 1.9-2.6 per unit for wind and solar power and storage cost declining by around 70 per cent, a report by Energy Transition Commission (ETC India) said. The cost of wind power will be between Rs 2.3-2.6/kWh and of solar power in […]

This 10 MW project is located at Tata Power Delhi Distribution Ltd’s sub-station at Rohini and will provide grid stabilisation, enhance reliability and protect critical facilities for 2 million consumers served by the company. India’s first grid-scale battery-based energy storage system has been installed at Tata Power Delhi Distribution Ltd’s (Tata Power-DDL) sub-station in Rohini, […]

JSW Steel has received a Letter of Intent (LoI) from the Insolvency Resolution Professional (IRP) of Bhushan Power and Steel, declaring it the highest bidder for the stressed asset. The letter was sent late on Tuesday, said a source close to the development. JSW Steel has to review the approved resolution plan sent along with […]

Instead of working independently, the new thinking in the renewable energy sector is that solar power and wind farm projects must be developed as hybrid projects with battery backup. This strategy of joining forces, it is pointed out, can only spell good news for the energy security of the country. “While smaller solar and wind […]

Anil Ambani’s Reliance Group entities, namely Reliance Project Ventures and Management, Reliance Wind Turbine Installators Industries, Reliance Infrastructure have on Monday, sent a letter to SEBI Chairman Ajay Tyagi requesting an immediate ban on Edelweiss Group from the capital markets and for an in-depth investigation into the alleged illegal sale of pledged shares. These three […]

India is pushing to cut its dependence on hydrocarbon imports and focus more on harnessing domestic sources of energy, Minister for Petroleum and Natural Gas, Dharmendra Pradhan, said. Speaking to reporters after Petrotech-2019, Pradhan said, “India has become a large consumer of oil and gas and it is becoming a producer too. We are working […]

Rating agency India Ratings and Research (Ind-Ra) has on Monday maintained a stable outlook for all the infrastructure sectors, barring thermal power, for the financial year 2019-20. This is despite both project awarding activity and commissioning being lower than projected during the year across all major sectors. Growth in GDP, according to the agency, will […]

KEC International Ltd (KEC) on Friday announced completion of the sale of its 99.99 per cent stake in KEC Bikaner Sikar Transmission Private Limited (KECBSTPL) to Adani Transmission Ltd. (ATL) at an Enterprise Value of around Rs. 227 crore. The deal was initially announced in November, 2018, and has been subject to regulatory approvals which […]

India will decide on the number of new reactors to be placed under IAEA safeguards only after assessing if these will be fuelled by uranium procured abroad, a senior official said.

State-owned power giant NTPC has sought shareholders’ nod for issuance of bonus shares to raise up to Rs 1,649.09 crore.

State-run BHEL on Friday said India’s first electric locomotive with a regenerative system developed by the PSU for Indian Railways has been flagged off from its Jhansi plant. The regenerative technology helps avoid loss of heat energy when brakes are applied, and feeds the energy back to the overhead power lines. BHEL has developed a […]

Although the IBC has been amended four times since its enactment in 2016, the Government is willing to amend it further to make it stronger and effective