India up at 74th place on WEF’s global energy transition index

India has moved up two positions to rank 74th on a global ‘Energy Transition Index’ with improvements on all key parameters of economic growth, energy security and environmental sustainability, the World Economic Forum (WEF) said on Wednesday. Releasing the annual rankings, the Geneva-based international organisation for public-private cooperation said COVID-19 will compromise the transition to […]

Govt announces Rs 90,000 crore package for DISCOMS

In a big relief to crisis-hit power sector, the Centre on Wednesday announced its plan to infuse Rs 90,000 crore liquidity to cash-starved state electricity distribution companies (DISCOMS). “Discoms today are facing unprecedented cash flow problems,” Finance Minister Nirmala Sitharaman said here while announcing package. State-owned Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) […]

Power generation continues unabated

The nationwide lockdown, clamped to mitigate the spread of coronavirus, has brought the country to a grinding halt. Factories have fallen silent. But the deafening sound of turbines and generators continues to reverberate the five power generating stations of Sharavathy Valley Project. The five stations, including Bhadra, have generated 666.988 million units (MU) and 579.089 […]

Power bill pending? Govt won’t cut supply till June 30

Electricity connections of consumers who have pending bills will not be disconnected till June 30, Chief Minister B S Yediyurappa announced on Wednesday. This and other energy-related concessions are part of the government’s Rs 1,610-crore special package to help tide over the Covid-19 lockdown. Electricity consumers across all categories have been included in the package. […]

BHEL invites global OEMs to use its facilities, capabilities to ‘Make in India’

State-run engineering firm BHEL on Monday said it has invited expression of interest from global original equipment manufacturing (OEM) firms to leverage its facilities as well as capabilities and to shift their production base to India amid the COVID-19 pandemic. There are a large number of OEM firms who intend to shift their manufacturing base […]

Billionaire Ambani’s Reliance profit plunges 39% as coronavirus hits energy business

Indian oil-to-telecoms congolomerate Reliance Industries Ltd’s quarterly profit fell for the first time in three years, as its dominant energy business suffered lower demand due to the coronavirus outbreak. Reliance, led by Asia’s richest man Mukesh Ambani, said on Thursday its consolidated profit plunged to 63.48 billion rupees ($845 million) in the three months ended […]