NTPC Green inks pact with Indus Towers to develop renewable energy projects

State-owned power giant NTPC arm NTPC Green Energy Ltd (NGEL) on Friday said it has signed an initial pact with Indus Towers Ltd to address the need for pacing green energy objectives and the GoI’s efforts towards carbon neutral economy. The MoU (Memorandum of Understanding) shall explore joint development of grid-connected renewable energy-based power projects […]

Inox Wind bags repeat order for 210 MW project from Hero Future Energies

Wind energy solutions provider Inox Wind on Friday said it has secured a repeat order for 210 MW for its 3 MW wind turbine generators from Hero Future Energies (HFE). Additionally, Inox Wind will also provide post-commissioning multi-year Operations & Maintenance (O&M) services, a statement said. The order is for (IWL) Inox Wind Ltd’s state-of-the-art […]

Power Grid Corporation stock surges 5% on bagging 3 transmission projects

Shares of Power Grid Corporation of India rallied 5 per cent to Rs 289.10 on the BSE in Thursday’s intra-day trade after the company said it has been declared as the successful bidder under tariff based competitive bidding (TBCB) to establish inter-state transmission system on build, own operate and transfer (BOOT) basis. Power Grid stock […]

Sales of first electric car ‘SU7’ 3-5 times higher than expected: Xiaomi

Sales of Chinese smartphone maker Xiaomi’s first electric car have been 3-5 times higher than expected, CEO Lei Jun said on Thursday, as the company began delivering standard versions of the so-called SU7 to buyers ahead of schedule. Lei, Xiaomi’s founder, made the comments during a two-hour livestream on Douyin, the Chinese equivalent of TikTok, […]

Ramkrishna Forgings to supply powertrain components to US’ largest EV maker

Kolkata-based Ramkrishna Forgings Limited has secured approval to supply powertrain components to USA’s largest electric passenger vehicle producer, the company said on Thursday. The company has not disclosed the name of the vehicle manufacturer in its announcement, but sources indicated that it could be Tesla. The announcement however comes ahead of tech billionaire Elon Musk’s […]

ReNew, JERA to jointly evaluate green ammonia projects in Odisha

Nasdaq-listed ReNew Energy Global plc signed an agreement with JERA Co., Japan’s power generation major, to jointly develop a green ammonia production facility in India. ReNew in a public statement said its subsidiary, ReNew E-Fuels Private Limited, and JERA will jointly evaluate the development of a green ammonia production project in Paradip, Odisha. There will […]

Avaada Energy inks refinancing deal worth Rs 4,471 crore with NaBFID

Avaada Energy on Thursday said it closed a refinancing deal of Rs 4,471 crore with National Bank for Financing Infrastructure and Development (NaBFID) for its four solar projects in Rajasthan. The financing from NaBFID will enable Avaada Energy to prepay existing loans to multiple lenders. The facility, sanctioned and disbursed as a 20-year rupee term […]

Power consumption rises nearly 10% to 70.66 bn units in first half of April

India’s power consumption grew nearly 10 per cent year-on-year to 70.66 billion units (BU) in the first half of April this year, showing improvement in economic activities and consumption patterns, according to the power ministry data. According to the data, power consumption in the country rose to 70.66 BU during April 1-15 this year from […]

US court rejects request by tribes to block $10 bn project in Arizona

A federal judge on Tuesday rejected a request by Native American tribes and environmentalists to stop work on a USD 10 billion transmission line being built through a remote southeastern Arizona valley that will carry wind-generated electricity from New Mexico to customers as far away as California. The project approved in 2015 following a lengthy […]

Power Grid Corp bags 3 transmission projects under competitive bidding

State-owned Power Grid Corporation on Tuesday said it has bagged three inter-state transmission projects under tariff-based competitive bidding. The three projects would help evacuate power from renewable energy projects in Rajasthan and Gujarat, the company said in a BSE filing. The first project is Transmission System for evacuation of power from Rajasthan (Jaisalmer/Barmer Complex).