Category: Power

Kolkata: The ongoing general elections seem to have taken its toll on the country’s solar sector. In what is seen as a new low in the India’s domestic solar sector, not a single solar auction was conducted in April 2019. This, despite 799 MW of solar photovoltaic (PV) capacity was tendered in the same month. […]

KOCHI: The Kerala State Electricity Board Limited has violated the social forestry rules at Santhivanam by cutting trees without getting the mandatory permission from the district-level expert committee on Social Forestry Department. “Though Santhivanam is a private land, the KSEBL is carrying out construction works in the area for a public purpose. The high-tension transmission […]

New Delhi: GMR Infrastructure on Friday announced execution of a bilateral resolution plan between its associate company, GMR Rajahmundry Energy (GREL), and the GREL lenders. According to the resolution plan, which has been approved by all the lenders, existing debt of Rs 2,353 crore has been brought down to a sustainable debt of Rs 1,412 […]

Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company’s global supply manager for battery metals told an industry conference on Thursday, according to two sources. The company, a major minerals consumer, has rarely talked publicly about its views on […]

Kochi: After a big uproar, the Kerala State Electricity Board Limited (KSEBL) has halted the work erecting a transmission tower in the green lung of Shantivanam. District collector Mohammed Y. Safirulla will be convening a negotiation meeting on Wednesday with the KSEBL and owner of the 200-years old grove and forest situated at Vazhikulangara near […]

Hyderabad: A CBI team from New Delhi questioned YSRC Lok Sabha candidate Raghurama Krishnamraju in connection with an alleged Rs 2,655-crore bank fraud case. Sleuths of the banking fraud team of the CBI carried out searches at the residences and four offices of Mr Krishnamraju in Hyderabad and his house in West Godavari district of […]

Tiruchy: M Padmanaban, working as a Grade II Artisan in the High-Pressure Boiler Plant of BHEL Tiruchirappalli has been conferred with the prestigious, Jeewan Raksha Padak for 2018, consisting of a medal, a cash prize of Rs 1,00,000 and a citation, by Government of India in recognition of his act of saving life at his […]

New Delhi: India is likely to install 54.7 GW of wind capacity by 2022 against the 60-GW target set by the government, Fitch Solutions Macro Research has said in a report. The country has set an ambitious target of installing 175 GW of renewable energy capacity by the year 2022, which includes 100 GW from […]

New Delhi: Public sector mining giant Coal India Ltd supplied 488 million tonne (MT) of fuel to the power sector in the 2018-19 fiscal, registering an increase of 7.4 per cent over the previous year. The world’s largest coal miner had dispatched 454.2 MT of coal to the power sector in 2017-18, as per the […]

New Delhi: The power ministry’s second auction for procuring 2.5 GW of thermal power in medium term at a higher tariff of Rs 4.41 per unit compared to Rs 4.24 per unit in the first round is positive for power producers, but signing of sale agreements with discoms remains crucial, ICRA said on Thursday. The […]

Mumbai: British private equity fund Apis Partners on April 25 said it is picking up a 25.1 percent stake for $110 million in Larsen & Toubro Infra Debt Fund (IDF), the infra refinancing arm of EPC major. L&T IDF has a loan book of Rs 8,000 crore and the investment will help grow the book, […]

Kolkata: The domestic solar power capacity addition is expected to be nearly 7-7.5 GW (including around 1 GW of rooftop solar capacity) in FY2020, based on tendering and awards of projects in the last 12-15 months. Interestingly, solar capacity addition is estimated to have remained subdued at around 6-6.5 GW in FY2019 because of weak […]