Category: Power

Karnataka Congress President DK Shivakumar on Friday questioned the Centre’s claim that the 750 MW solar plant in Rewa, Madhya Pradesh was Asia’s largest, saying that fame should come to Karnataka’s Pavagada solar plant. “BJP Central Govt is claiming today that it inaugurated Asia’s Largest Solar Plant of 750 MW at Rewa, Madhya Pradesh. What […]

The UK-based BP plc on Tuesday said it will invest $70 million in the Green Growth Equity Fund (GGEF) that supports the growing renewable energy sector in India. The fund, established in 2018, is focused on identifying, investing and supporting growth in zero-carbon and low-carbon energy solutions in the country. “With a commitment of $70 […]

NLC India said on Wednesday the death toll from a boiler blast at the lignite miner and electricity generator’s plant in the southern Tamil Nadu state rose to 13. Two people injured in the blast have been discharged, a senior company official said. The incident, which occurred last week when the unit was shut for […]

CG Power and Industrial Solutions on Tuesday said its current debt payment default stands at Rs 1,023 crore, including Rs 150 crore interest. The total debt payment default also includes Rs 873 crore principal as of June 30, according to a regulatory filing. The debt inclues fund-based working capital , non fund-based working capital and […]

Tata Power will seek shareholders’ approval for a proposal to raise Rs 2,600 crore via issuance of preferential shares to its promoter Tata Sons in an annual general meeting (AGM) later this month. The company has listed a special resolution for the issuance of shares to Tata Sons on a preferential basis in the 101st […]

Rating agency Crisil on Friday said absence of any formal duty on imports at the time of projects tendering and lower returns globally in the wake of COVID-19 outbreak have resulted in competitive tariff rates in the solar energy sector. According to the agency, a chance coming together of several positives has led to a […]

The Arunachal Pradesh government has urged the Centre for “special consideration” for the state’s power sector under the Atma Nirbhar Bharat Abhiyan. Deputy Chief Minister Chowna Mein sought consideration in the implementation of system upgradation for generation, transmission and distribution of power, saying heavy rains, landslides and snowfall in the hilly state damage the power […]

JSW Cement Managing Director Parth Jindal on Thursday said its family-owned Group will bring down USD 400 million worth of imports from China to zero in the next 24 months. Referring to the recent clash between Indian and Chinese troops in the Galwan Valley, he said the “action” is a result of what the latter […]

At least six workers were killed, and 17 others injured following a boiler blast at the 2nd thermal power station of the state-owned Neyveli Lignite Corporation India Limited in Neyveli, 212 km from here, on Wednesday. This is the second such incident during the Covid-19 lockdown period. The incident took place at the 5th unit […]

Power producers’ total outstanding dues owed by distribution firms rose nearly 63 per cent to Rs 1.23 lakh crore in April 2020 over the same month previous year, reflecting stress in the sector. Distribution companies (discoms) owed a total of Rs 75,642 crore to power generation firms in April 2019, according to portal PRAAPTI (Payment […]

State-owned hydropower giant NHPC reported over 60 per cent decline in consolidated net profit to Rs 238.64 crore in March quarter, mainly due to lower revenues. Its consolidated net profit was Rs 602.91 crore in the fourth quarter previous fiscal, the company said in a regulatory filing. Total income was Rs 2,382.36 crore in the […]

India’s top oil firm IOC on Friday launched a battery swapping facility for electric vehicles (EVs) at its petrol pumps, offering to replace discharged batteries with fully charged ones in just a couple of minutes. Indian Oil Corporation (IOC) will begin with a pilot of battery swapping at one of its outlets in Chandigarh and […]