Category: Power

Xiaomi is advising would-be buyers of its new SU7 electric sedan that they could face an up to seven-month wait, its app showed on Monday, in a sign that the Chinese electronics maker is enjoying strong demand for its vehicle. Xiaomi began allowing consumers to place orders for its SU7 electric vehicle sedan on Thursday, […]

Indian Oil announced that it has signed a binding term sheet with Panasonic Energy Co. to draw a framework for formation of a JV for manufacturing cylindrical lithium-ion cells in India. The deal was made in anticipation of demand for batteries for two-and three-wheel vehicles as well as energy storage systems, in Indian markets. Both […]

Panasonic Group will form a joint venture with Indian Oil Corporation Ltd (IOCL), the nation’s biggest oil firm, to manufacture cylindrical lithium-ion batteries. Panasonic Energy Co Ltd, a group firm of Japan-based multinational electronics company, has signed a binding term sheet and initiated discussions with IOCL “to draw a framework for the formation of a […]

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 […]

Torrent Power Ltd has added 23.9% over last one month compared to 0.27% fall in S&P BSE Utilities index and 0.22% rise in the SENSEX Torrent Power Ltd rose 5.09% today to trade at Rs 1423.75. The S&P BSE Utilities index is up 1.45% to quote at 5521. The index is down 0.27 % over […]

State-owned power giant NTPC on Sunday said it has logged an all-time high annual electricity generation of 422 billion units in 2023-24. During 2023-24, the NTPC coal stations recorded a plant load factor (PLF, or capacity utilisation) of 77 per cent, NTPC said in a statement. According to the statement, NTPC Ltd, India’s largest power […]

State-owned power giant NTPC has closed down its Barauni Thermal Power Station Stage-I of 220 MW permanently. NTPC is India’s largest power utility with a total installed capacity of 75,418 MW (including JVs), according to its official website. “Operation of NTPC Barauni Thermal Power Station Stage-I (2×110 MW) comprising of two Units (Unit 6 & […]

India will reimpose limits on imported solar energy modules, after relaxing curbs for a year, in a relief to domestic manufacturers that had complained of cheaper shipments from overseas. The eased rules will end on March 31 and an approved list of domestic models and manufacturers will come back into effect the next day, the […]

The largest uranium producer in the United States is ramping up work just south of Grand Canyon National Park on a long-contested project that largely has sat dormant since the 1980s. The work is unfolding as global instability and growing demand drive uranium prices higher. The Biden administration and dozens of other countries have pledged […]

ESAF Small Finance Bank (SFB) is focusing on financing solar rooftop and electric vehicles as a part of its strategy to drive asset growth in the clean energy segment which was started by the lender about a year back, said Paul K Thomas, MD & CEO of ESAF SFB in an interaction. “We are focusing […]

At a time when Nepal is facing a power crisis, India on Friday renewed the agreement to export electricity to Nepal for the next three months. Under the agreement, which was to expire on March 31, Nepal can import a total of 554 MW electricity from India between 6 am and 6 pm. Nepal’s domestic […]

Russia launches barrage of 99 drones and missiles on Ukraine’s energy system, officials say Kyiv, Mar 29 (AP) Moscow launched a large-scale attack on Ukraine’s energy infrastructure on Friday, with a mass barrage of 99 drones and missiles hitting regions across the country, Ukraine’s armed forces said. Air raid warnings rang out across the country, […]