Ukrainian President Volodymyr Zelenskyy has accused Russia of engaging in energy terrorism after Russian strikes on Ukraine’s energy network left millions of residents without power. About 4.5 million people were without electricity across the country, Zelenskyy said in his nightly address Thursday. Kyiv Mayor Vitali Klitschko said 450,000 apartments in the capital alone did not […]
Category: Power
Power
IEX’s total trade volume dips 13% to 7,972 million units in October
The total trade volume of Indian Energy Exchange dipped 13 per cent to 7,972 million units (MU) in October compared to a year ago. The Indian Energy Exchange (IEX) achieved 7,972 MU volume in October 2022, including Green Power trade of 403 MU, and 3.58 lac RECs (equivalent to 358 MU), an IEX statement said. […]
Adani Group announces opening of data centre ‘AdaniConneX’ in Chennai
Richest Indian Gautam Adani-led group on Friday announced the opening of its Chennai hyperscale data centre as it looks to capture a share of one of the world’s fastest-growing data centre markets. AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, opened ‘Chennai 1’ hyperscale data centre campus that is powered by renewable energy, the […]
Delhiites have till Nov 15 to avail power subsidy for last month, govt extends deadline
The last day to get power subsidy for the month of October has been extended by the Delhi government, and consumers can opt-in till November 15. When the application window closed on October 31, around 35 lakh consumers had applied for the subsidy till that date. “Taking cognizance of the demand of Delhiites, the Delhi […]
Europe leans on Asian firms for ‘homegrown’ electric vehicle batteries
LONDON/BERLIN (Reuters) – Europe’s drive to build a homegrown electric vehicle battery industry is hitting roadblocks as investors shy away from giving startups sufficient funding to challenge the Asian companies that dominate the market. With the notable exception of Sweden’s Northvolt, some startups hoping to build so-called gigafactories to compete with the Asian behemoths are […]
Indian EV makers ‘not doing it right’, says Gogoro CEO Horace Luke
About 95 per cent of Indian electric vehicle (EV) makers are “not doing it right” and a lot of them are developing products in an ad hoc manner without consideration of safety, durability, and quality, said Horace Luke, chief executive and co-founder of Taiwaneese EV major Gogoro. The company operates approximately 80 per cent of […]
Backup diesel generators used at Ukraine nuclear site to fend off crisis
Europe’s largest nuclear power plant was relying on emergency diesel generators to run its safety systems on Thursday after external power from the Ukrainian electric grid was again cut off, Ukrainian and UN officials reported. Fighting in Ukraine has repeatedly damaged power lines and electrical substations that the Zaporizhzhia Nuclear Power Plant requires to operate […]
Russian shelling damaged nuclear plant power lines, says Ukraine
Ukraine’s nuclear state operator said on Thursday that Russia has shelled and damaged power lines connecting Europe’s largest nuclear power plant to the Ukrainian grid, leaving the plant reliant on diesel generators again. The generators have enough fuel to maintain the Zaporizhzhia Nuclear Power Plant in southeastern Ukraine for just 15 days, Energoatom said in […]
Adani Enterprises Q2 net more than doubles; revenue rises threefold
Adani Enterprises’ consolidated net profit for the quarter ended September (Q2) more than doubled versus last year to Rs 461 crore, its results showed on Thursday. The company’s consolidated revenue in Q2 surged nearly threefold year-on-year (YoY) to touch Rs 38,175 crore. While profit for the quarter came below Street estimates of Rs 554 crore […]
Adani Enterprises Q2 net more than doubles to Rs 4.61 bn, revenue triples
BENGALURU (Reuters) – India’s Adani Enterprises on Thursday reported a quarterly profit that more than doubled, helped by strong performance at its integrated resources management and airports divisions. The company’s consolidated profit rose to 4.61 billion Indian rupees ($55.60 million) for the second quarter ended Sept. 30, from 2.12 billion rupees a year earlier. Revenue […]
Adani New Industries installs wind turbine, taller than Statue of Unity
A wind turbine taller than the world’s tallest Statue of Unity with blades spanning wider than the wingspan of a jumbo jet has been installed at Mundra in Gujarat by Adani New Industries Ltd as part of its renewable energy expansion plans. “Adani New Industries Limited (ANIL) on Thursday announced the installation of country’s largest […]
Delhi govt extends electricity subsidy application deadline to Nov 15
The Delhi government has extended the electricity subsidy application window — that had closed on October 31, till November 15, officials said. Deputy Chief Minister Manish Sisodia on Thursday approved the extension proposal application window till November 15. The applicants who opt-in for the subsidy by November 15 can avail the benefit from October 1 […]