The extra ordinary general meeting (EGM) of the members of state owned Power Finance Corporation Ltd (PFC) on Tuesday cleared the decks for the power sector lender to buy the Union government’s entire stake and acquire management control in REC Ltd (formerly Rural Electrification Corp.). The EGM held at Gurgaon passed a resolution for PFC […]
Category: Power
Power
India may see demand for power, auto fuel surge this election season
NEW DELHI: The demand for electricity and auto fuel is expected to go up as India approaches general elections, experts said. According to data collated by Icra and the Indian Energy Exchange (IEX), the demand for electricity, petrol and diesel picked up in March of 2009 and 2014, just before general elections. While the 2009 […]
Opinion | We need a Green Marshall Plan, not a Green New Deal
At the fourth United Nations Environment Assembly in Kenya this past week, experts and officials from around the world debated how to come up with the investment and innovation needed for countries to grow without dooming the planet. National leaders, NGOs and others discussed, among other things, how to create more “sustainable patterns of consumption […]
Shapoorji Pallonji gears up to list solar EPC biz
MUMBAI: Shapoorji Pallonji Group will soon file draft documents with the markets regulator to raise ₹4,000 crore by selling shares in its solar engineering, procurement and construction (EPC) business to the public for the first time, three people aware of the matter said. Sterling and Wilson Pvt. Ltd, which houses the group’s solar EPC business, […]
France’ EDF to roll-out smart meters in Bihar and Andhra Pradesh
New Delhi: In what may help India reduce its electricity distribution losses, state owned Energy Efficiency Services Ltd (EESL) has roped in French government-owned power utility Electricite de France SA (EDF) for putting up five million smart meters in Bihar and Andhra Pradesh. Creating a smart meter architecture minimises human intervention in metering, billing and […]
Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000
San Francisco: Tesla Inc. unveiled its Model Y electric sports utility vehicle (SUV) on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Chief executive Elon Musk said the compact SUV, built on the same platform as the Model 3, would first […]
Opinion | A strategic approach that could curb global warming
The effects of global warming are already visible. Average temperatures are only 0.8 degree Celsius higher today than in 1880. Yet there is already an increasing frequency of extreme weather events, rising ocean temperatures and disappearing corals, melting glaciers and shrinking polar ice caps, and rising sea levels. Public action has nevertheless been too feeble […]
Tata Power pilot project may protect Delhi from grid failure
New Delhi: In what may help protect the national capital’s critical and strategic infrastructure from a electricity grid failure, Tata Power Delhi Distribution (Tata Power-DDL) is working on a pilot project that can be scaled up for isolating such important installations and services, said a top company executive. The European Union funded pilot project in […]
How FAME 2 scheme aims to promote the use of electric vehicles in India
New Delhi: The government has announced an outlay of ₹10,000 crore for Phase 2 of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, or FAME 2 scheme, to boost electric mobility and increase the number of electric vehicles in commercial fleets. Mint takes a look at the FAME 2 scheme and what it […]
NTPC and Power Grid to form pan-India power distribution firm in an equal JV
New Delhi: State run NTPC Ltd and Power Grid Corp. of India Ltd (PGCIL) may shortly set up the National Electricity Distribution Company (NCDC)—a pan-India power distribution firm in an equal joint venture, said government officials aware of the development. The new public sector unit will focus on aggregating electricity demand in the country and […]
Power sector gets regulatory relief, deft execution now need of the hour
The power sector has benefitted from major policy changes that were announced last week. The policy changes can not only address pending investor concerns, but can also fast-track the recovery of the industry process. However, all of this depends on the policies being implemented well. The Central Electricity Regulatory Commission (CERC) has adopted a conciliatory […]
Tata Power unlikely to agree on lower tariffs for Prayagraj Power Generation
Mumbai: Tata Power Ltd will not agree to lower tariffs for its proposed acquisition of Prayagraj Power Generation Co. Ltd as suggested by the electricity regulator in Uttar Pradesh,a company executive said on the condition of anonymity. The regulator recently said Tata Power would receive the plant without any associated debt and interest costs; so […]