Category: Power

Mumbai: Inadequate revision of rates along with a delay in filing tariff petitions are likely to remain an area of concern in the financial year 2020 for electricity distribution companies (Discoms), says a report. Discoms have already managed to bring down its losses and debt levels significantly under the UDAY scheme.

Hyderabad: The state’s energy department has been awarded the quality management system certification licence according to ISO 9001-2015 standards. The licence was awarded to the energy department for implementing measures of self-certification and creating a investor-friendly environment for electrical installations in the state. Chief Electrical Inspector A.G. Ramana Prasad had taken a string of measures […]

Hyderabad: As the demand for power supply is increasing every day, the TS Tranco is taking all measures to ensure hassle free distribution in the state. “We are monitoring the production, supply and distribution of power every day. A day-to-day action plan will be prepared as per the requirement,” said Tranco CMD D. Prabhakar Rao. […]

New Delhi: Uttar Pradesh Power Corporation will get 40 paise per unit cheaper electricity from Prayagraj Power Generation Company’s plant at Bara in Prayagraj district, which will translate into savings to the tune of Rs 500 crore annually. An arm of Tata Power-backed Resurgent Power Ventures, Renascent Power Ventures — which has acquired 75.01 per […]

Bengaluru: If you are driving an electric vehicle (EV) in the city and running low on charge, but at the same time you don’t know where the nearest charging station is, then the proposed Bescom app can be of help. This app, which will be released soon, will provide information regarding the location of charging […]

New Delhi: The Enforcement Directorate (ED) on Friday carried out searches against former ICICI bank CEO Chanda Kochhar and Videocon promoter Venugopal Dhoot in connection with a bank loan fraud case, officials said. They said the raids are being carried out in at least five office and residential premises in Mumbai and a few other […]

New Delhi: The much-awaited faster adoption and manufacturing of (hybrid) electric vehicles (FAME) II scheme may be soon a reality, as the Union Cabinet is likely to clear a Rs 10,000-crore plan on this respect Thursday. According to a top official source, the much-delayed FAME-II will be for a period of three years instead of […]

New Delhi: India may impose anti-dumping duty on a certain type of sheet used in solar cell making from China, Malaysia, Saudi Arabia and Thailand for five years in order to safeguard domestic players from cheap imports from these countries. The commerce ministry’s dumping investigation arm Directorate General of Trade Remedies (DGTR) has recommended the […]

New Delhi: Engineering major Bharat Heavy Electricals Limited (BHEL) has paid an interim dividend of 40 per cent for fiscal 2018-19. In value terms, this dividend paid amounts to Rs 279 crore. It is the highest total dividend in a single year during the past five years.

Mumbai: Gurgaon-based startup Dot, which provides green logistics services for the first and last mile connectivity, is eyeing over Rs 360 crore revenue by 2020 as it plans to expand its operations to 30 cities. The company, which began in 2015, is an arm of Green Valley Energy Ventures, which is largely into energy advisory, […]

Visakhapatnam: India’s power needs continue to grow due to modernisation and economic growth, but the absence of a distribution system without storage techniques means that the country will face big challenges in the coming years, observed Gitam president M. Sribharath on Thursday. Delivering a key note address during a national-level workshop on “Transition of Power […]

Macquarie Group, the world’s largest manager of infrastructure assets, has seeded money in a map system for drones and an electric-vehicle sharing business, it said on Monday. The investments highlight how money managers are looking beyond traditional infrastructure projects, such as toll roads and airports, to burgeoning technologies. “The overarching theme is that technology is […]