The government has directed all gas-based power generating stations to operationalise their plants from May 1 to June 30 in view of rise in electricity demand due to a likely prolonged heat wave this summer. A significant portion of Gas-Based Generating Stations (GBSs) is currently unutilized, primarily due to commercial considerations. The ministry has projected […]
Category: Power
Power
Massive air strike destroys one of Ukraine’s largest power plants
A massive missile and drone attack destroyed one of Ukraine’s largest power plants and damaged others, officials said Thursday, part of a renewed Russian campaign targeting energy infrastructure. The Trypilska plant, which was the biggest energy supplier for the Kyiv, Cherkasy and Zhytomyr regions, was struck numerous times, destroying the transformer, turbines and generators and […]
Adani Group targets one-fifth share in Indian cement market by FY28
Gautam Adani-led Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to “remain debt free,” said an investor presentation shared by Ambuja Cements. Besides, Adani […]
Adani Group seeks $750 mn from banks to pay for conversion of warrants
Adani Group is in talks with banks to secure approximately $750 million (Rs 6,200 crore) to fulfill payment obligations for the conversion of warrants allocated by Ambuja Cements, Financial Express reports. The deadline for the payments is April 18. Ambuja Cements had assigned 477.4 million convertible warrants to Harmonia Trade and Investment, a unit of […]
BMW EV sales surge in Q1 even as rivals struggle with weak demand
BMW AG’s sales of fully electric vehicles at its core brand surged in the first quarter, outperforming rivals like Tesla and Volkswagen, which have struggled to cope with faltering demand. Customer deliveries of battery-powered models such as BMW’s i4, iX1 and i7 jumped 41% in the three months through March compared to the same period […]
Govt approves 11 EV manufacturers for receiving incentives under EMPS
The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under the recently introduced Electric Mobility Promotion Scheme (EMPS) 2024. “A total of 11 firms have been granted approval under the EMPS, with several more under consideration,” informed a […]
Russian air strikes damage electric facilities in southern Ukraine
Russian missile and drone attacks damaged Ukrainian energy facilities in the Black Sea region of Odesa and the nearby city of Mykolaiv on Wednesday, keeping up pressure on the embattled power grid, officials said. Russia, which has targeted Ukrainian utilities throughout the two-year-old war, renewed its aerial assaults on Ukraine’s energy system last month with […]
China’s EV makers order record number of ships to support car exports
Chinese automakers and shippers are ordering a record number of car-carrying vessels to support a boom in EV exports, data showed, putting China on course to amass the world’s fourth-largest fleet by 2028. China currently has the world’s eighth-largest fleet with 33 car-carrying ships, showed data from shipping consultancy Veson Nautical. Japan has the world’s […]
Truck rentals remained flat in March 2024: Shriram Mobility Bulletin
In a positive sign for the trucking sector, freight rates on trunk routes remained flat in March 2024, with the majority of the routes seeing no increase at all except for the Guwahati-Mumbai round trip. This route saw a 1.1 per cent increase in rates, said Shriram Mobility Bulletin, a monthly logistics research report by […]
24,000 Nm torque, 300 kWh battery: Tresa Motors unveils V0.2 electric truck
Tresa Motors, an Indian manufacturer of electric trucks, unveiled its V0.2 electric truck. The 18-ton truck is a successor to the company’s previous model, V0.1. Tresa Motors designed the V0.2 with Indian road conditions in mind. The company says the truck is a durable and reliable solution for eco-friendly logistics, particularly e-commerce. The V0.2 has […]
MNRE extends deadline for R&D proposals under green hydrogen mission
The New & Renewable Energy Ministry has extended the deadline until April 27 for the submission of research and development proposals under the National Green Hydrogen Mission, a release said on Tuesday. The ministry on March 16, 2024, invited R&D proposals under the mission from the industry. The last date for submission was April 12. […]
Ukraine struck nuclear plant again, claims Russia; Kyiv denies attack
Russia said on Tuesday that Ukraine attacked the Russian-controlled Zaporizhzhia nuclear plant for a third day with a drone but Ukrainian officials denied that Kyiv had anything to do with the attacks. Ukraine has denied it is behind a series of drone attacks on the plant over the past three days, including three on Sunday, […]