All listed Adani group stocks were in the limelight on Monday, with Adani Energy climbing over 8 per cent, as investors flocked to the counters amid a positive trend in the broader market. Shares of Adani Energy Solutions jumped 8.40 per cent, NDTV zoomed 6.16 per cent, Adani Wilmar advanced 5.92 per cent, Adani Power […]
Category: Power
Power
India’s power consumption subdued at 1.4% to 129.89 bn units in March
India’s power consumption growth remained subdued at 1.4 per cent to 129.89 billion units (BU) in March as compared to the year-ago period mainly due to pleasant weather, according to government data. In March 2023, power consumption stood at 128.12 BU, lower than 128.47 BU recorded in the same month a year earlier, the data […]
Waaree Energies bags 220 MW solar module supply order from Sprng Energy
Waaree Energies on Monday said it has secured an order from Sprng Energy to supply 220 MW of solar modules. It will supply the modules for Sprng Energy’s upcoming project in Gujarat, Waaree Energies said in a statement. “This collaboration stands as an opportunity for Waaree to take on a crucial role in advancing India’s […]
India’s hydropower output records steepest fall in nearly four decades
India’s hydroelectricity output fell at the steepest pace in at least 38 years during the year ended March 31, a Reuters analysis of government data showed, as erratic rainfall forced further dependence on coal-fired power amid higher demand. The 16.3 per cent drop in generation from the country’s biggest clean energy source coincided with the […]
Tata Power Renewable Energy commissions 200 MW solar project in Rajasthan
Tata Power Renewable Energy Ltd on Monday said it has commissioned a 200 MW solar project in Bikaner, Rajasthan. The project is expected to generate around 485 million units of green energy annually offsetting over 3,88,000 tonnes of carbon footprints, Tata Power Renewable Energy Ltd (TPREL) said in a statement. Subsidiary TP Saurya Ltd (TPSL) […]
NTPC wins 3,445 MW renewable energy projects in total during FY24
State-owned power giant NTPC on Monday said it has won 3,445 MW of renewable energy (RE) projects in the fiscal year ending March 31, 2024. “NTPC wins 3,445 MW RE bids in FY 2023-24. This records 58 per cent of total RE tenders the company participated during the financial year which is the highest since […]
NTPC adds nearly 4GW capacity in FY24; total installed capacity at 76GW
State-run power giant NTPC on Monday said it has added 3,924 MW power generation capacity in 2023-24, taking the total installed capacity to around 76GW. This (3,924 MW) includes the commissioning of the second unit in Bangladesh and maiden capacity addition by both its subsidiaries — NTPC Green Energy Ltd (NGEL) and NTPC Renewable Energy […]
Ambani-Adani collaboration: RIL picks 26 % stake in Adani Power project
In the first collaboration between rival billionaires, Mukesh Ambani’s Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants’ 500 MW of electricity for captive use. Reliance will pick up 5 crore equity shares in Mahan Energen Ltd, […]
Torrent Power leaps 8% on winning order worth Rs 1,825 crore
Torrent Power shares rallied 8 per cent to Rs 1,463.25 apiece on the BSE in Monday’s intraday trade after the company received Letter of Award (LoA) for a Grid-Connected Wind Solar Hybrid Project. The LoA has been received from Torrent Power Limited-Distribution Unit for setting up of 150 MW (RE Power) hybrid project valued at […]
Work on to convert sugarcane belts into energy belts: PM Modi in Meerut
Prime Minister Narendra Modi on Sunday said that his government is making efforts to make the sugarcane belts across the country into “energy belts,” a reference to the use of ethanol as fuel. Addressing a poll rally here in the sugarcane belt of Uttar Pradesh, Modi said, “Friends, we don’t want to limit the sugarcane […]
New Rs 500 crore scheme to promote e-mobility kicks in from Monday
The new Rs 500 crore scheme to promote electric mobility in India will come into force from Monday and continue till the end of July. Meanwhile, the second phase of FAME, or Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme, ends on March 31, 2024. Subsidies under the FAME scheme will be […]
Researchers use caffeine, AI as ways to boost EV efficiency, trim costs
Scientists and investors have poured billions of dollars into researching alternative technologies in a bid to eliminate combustion engines and reduce greenhouse gases. Storing this energy remains the single biggest cost of making an electric vehicle, necessitating unusual approaches to materials development. Standard lithium-ion batteries currently dominate because they use a stable, well-known technology with […]