The central government has allocated 1,972 MW additional power to Jammu & Kashmir to meet winter electricity demand. Lieutenant Governor of Jammu & Kashmir Manoj Sinha met Union Power Minister R K Singh in New Delhi last evening in the wake of rising power demand in UT, as a result of economic growth and increasing […]
Category: Power
Power
Supreme Court dismisses Chanda Kochhar’s plea for retirement benefits
The Supreme Court on Friday dismissed the plea by former ICICI Chief Executive Officer and Managing Director Chanda Kochhar against the bank for the release of her post-retirement benefits. The bench of Justices Sanjiv Khanna and SVN Bhatti said they would not interfere with the Bombay High Court’s May 3 order that refused to stay […]
Russia intensifies attacks on Ukraine’s energy facilities, say UN officials
Intensifying Russian attacks on Ukraine’s energy facilities are worsening humanitarian conditions across the war-torn country, where heavy snow and freezing temperatures have already arrived, UN officials said Wednesday. Assistant Secretary-General Miroslav Jenca told the UN Security Council that Russia’s continuing daily attacks on Ukraine’s critical civilian infrastructure have resulted in civilian casualties, and Moscow recently […]
Power stocks in focus; Tata Power m-cap hits Rs 1 trn, Torrent surges 11%
Shares of power companies continued their upward movement with the S&P BSE Power index surging 2.5 per cent and hitting a new high of 5,756.78 in Thursday’s intra-day in an otherwise dul market amid expectations of strong operational performance on the back healthy power demand due to improvement in economic activities. At 02:50 PM; S&P […]
Renewable energy capacity to reach 170 GW by March 2025: ICRA analyst
India will add another 38 gigawatt (GW) of renewable energy capacity by March 2025 to touch 170 GW-mark, aided by moderation in solar module prices, an Icra analyst said on Thursday. The country’s installed renewable energy capacity was at 130 GW as of October 2023, Vikram V, Vice President & Sector Head – Corporate Ratings, […]
Adani Electricity to provide 60% of renewable electricity to Mumbai by 2027
Gautam Adani, the chairman of Adani Group, stated that Adani Electricity was on course to provide Mumbai with 60 per cent renewable electricity by 2027. He added that he would set a global record for renewable electricity use for the city. The statement was made by the business tycoon via a post on his official […]
How growing electric vehicles’ sales are speeding end of the oil age
There is plenty of hand-wringing on display at the COP28 climate conference in Dubai about the slow pace of reducing the consumption of fossil fuels to fight climate change. But one positive that delegates can point to is the growing fleet of electric vehicles worldwide that is already making a surprisingly big dent in demand. […]
Bihar govt to provide up to Rs 1.25 lakh, 75% tax relief to promote EVs
The Bihar government will provide up to Rs 1.25 lakh on the purchase of the first 1,000 electric four-wheelers for personal use. Alongside, the government will also provide up to 75 per cent relief on the payment of Motor Vehicle Tax. To this end, the Bihar government on Tuesday, December 5 approved the Bihar Electric […]
Hero MotoCorp, Ather Energy partner on interoperable EV charging stations
Two-wheeler manufacturer Hero MotoCorp has partnered with Ather Energy for an interoperable fast-charging network in the country, the company said in a regulatory filing with the BSE on Wednesday, December 6. The partnership will allow EV users to use both VIDA and Ather Grids across the country. The combined network will cover 100 cities with […]
Govt to take serious note of dumping of lithium-ion battery waste: Gadkari
The government will take serious note of any report about ill effects of dumping lithium-ion battery waste on the environment and is promoting circular economy for recycling of various waste materials, Road Transport and Highways Minister Nitin Gadkari told Rajya Sabha on Wednesday. The issue of ill effect of lithium-ion battery waste dumping and on […]
COP28 secures $83 bn in climate pledges; India skips energy, health pledges
The first week of the COP28 global climate talks concluded with a significant milestone with the operationalisation of the Loss and Damage Fund, pledges of over USD 83 billion and the draft text for Global Stocktake mentioning phasing out of all fossil fuels for the first time in years. However, even as over USD 83 […]
COP28: Renewables a way to phase out fossil fuels, says TotalEnergies
TotalEnergies’s CEO gave his backing to an international pledge to triple renewable energy generation at the COP28 climate summit, calling it necessary to phase out fossil fuels and decarbonise. “It’s the right way to frame the object, tripling renewables, because if we don’t do that, there’s no way to phase out fossil energy,” Patrick Pouyanne […]