Category: Power

Adani Power board will consider a proposal to delist its entire equity shares from the BSE and NSE in its meeting scheduled on Wednesday. “…meeting of board of directors of Adani Power Ltd to be held on June 03, 2020 to consider the proposal for voluntary delisting of the equity shares of the company received […]

SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday. Ola did not disclose the amount for which it will acquire Etergo, which was last valued at around 84 million euros ($92.05 million), according to a […]

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on energy investments, the Paris-based International Energy Agency (IEA) […]

Normalcy has returned to major parts of West Bengal and government officials are working round the clock to put all districts hit by “Amphan” back on track, a top official said on Tuesday, six days after the extremely severe cyclonic storm tore through the state, decimating houses, uprooting trees and snapping power cables. Electricity and […]

Kolkata Mayor Firhad Hakim on Monday said the state government is mounting pressure on private power utility CESC for increasing its pace of work to restore electricity at all corners of the city, which was left in shambles after Cyclone Amphan struck on May 20. The private power utility, however, insisted that it has “completed […]

Karnataka’s three thermal power plants, which generate 40% of the total state output, have been put in a tough spot due to non-compliance with emission rules while remedial measures by KPCL have been delayed as an engineer tried to sabotage tenders worth Rs 1,600 crore to favour one of the bidders. Following a 2017 order […]

The Forest department last week granted permission to Karnataka Power Corporation Limited to drill the ground for survey and geo-technical investigation for a power project, inside the Sharavathi Valley Lion-tailed Macaque Wildlife Sanctuary, but with stringent conditions. This, despite opposition to the proposed 2,000-MW Sharavathi pumped storage hydroelectric project inside the Sharavathi Valley between Shivamogga […]

Amidst burgeoning protests and opposition to the proposed 2,000 MW Sharavathi pumped-storage hydroelectric project inside the Sharavathi Valley between Shivamogga and Uttara Kannada, the Karnataka Forest Department has granted permission to Karnataka Power Corporation Limited (KPCL) to carry out survey and geotechnical investigation by drilling inside the Sharavathi Valley Lion-tailed Macaque Wildlife Sanctuary last week […]

With project timelines getting extended due to the COVID-19 pandemic, India is expected to add only 5,000 MW of solar capacity in 2020, nearly 32 per cent lower than last year, a report has said. India added 1,080 MW solar capacity in the first quarter of 2020, which is the lowest in a quarter since […]

The government’s Rs 90,000 crore liquidity infusion into cash-starved power distribution firms is a breather for generating companies and the move will help 9.4 GW private thermal coal capacities from defaulting post moratorium, CRISIL Ratings said on Wednesday. The move would help clear a chunk of discoms’ obligations to generation companies (gencos), it said in […]

German conglomerate Siemens Aktiengesellschaft on Tuesday sold shares worth over Rs 8,500 crore in its listed Indian subsidiary Siemens Ltd, amounting to about 24 per cent stake, to another group firm Siemens Gas and Power Holding BV. Siemens Aktiengesellschaft is the parent company of Siemens Ltd, which is listed in India. While there was no […]

With almost no economic activity taking place in first 20 days of April due to lockdown, and very little operations after that, power demand declined sharply by 24 per cent in the month, Crisil Research said. The 21-day lockdown to fight the spread of coronavirus, which was supposed to end on April 14, was extended […]