CESL signs pacts with Goa and Kerala to procure electric two- and three-wheelers

NEW DELHI : State-run Convergence Energy Services Ltd (CESL) on Saturday inked agreements with Goa and Kerala to procure over 30,000 electric two-wheelers and three-wheelers. Mint on Friday reported about CESL’s plans to supply electric vehicles (EVs) to the states in a boost to India’s ambitious plans for green mobility. The Energy Efficiency Services Ltd’s […]

Jack Dorsey’s Square to invest $5 million to build solar-powered bitcoin mine

American payments firm Square is partnering with blockchain technology provider Blockstream Mining to build a solar-powered bitcoin mining facility. The payments firm, led by Twitter CEO Jack Dorsey, will invest $5 million for the facility. “The facility will be a proof-of-concept for a 100% renewable energy bitcoin mine at scale with the economics of the […]

Bengaluru international airport saved 22 lakh units of energy in FY 20-21: BIAL

The Kempegowda International Airport has achieved net energy neutral status in the Financial Year 2020-21 as part of its sustainability goals, Bangalore International Airport Ltd (BIAL), which operates the airport said. “As an outcome of energy conservation, BIAL has been able to save nearly 22 lakh units of energy in the Financial Year 2020-21, enough […]

Power Grid Corporation takes over two new transmission SPVs

New Delhi: State-run Power Grid Corporation of India Ltd (PGCIL) has taken over two special purpose vehicles (SPVs)—Fatehgarh Bhadla Transco Ltd and Sikar New Transmission Ltd—that it had won in competitive bidding conducted by REC Power Distribution Company Ltd. PGCIL is the first state-owned company to offer an infrastructure investment trust (InvIT) as part of […]

Gujarat discoms sign pacts for 3,979 solar projects with 2,500 MW capacity

Gujarat’s four public-owned electricity distribution companies have signed power purchase agreements (PPAs) for 3,979 small-scale distributed solar projects with aggregate capacity of 2,500 MW, the government said on Saturday. These small-scale distributed solar projects, to be commissioned within the next 18 months, will bring in an investment of over ₹10,000 crore in the state for […]

CESL signs MoU for 65 MW decentralized solar capacity with Meghalaya, Ladakh

NEW DELHI: Energy Efficiency Services Ltd (EESL) unit Convergence Energy Services Ltd (CESL) on Saturday signed a memorandum of understanding (MoU) with Meghalaya and Ladakh for setting up a 65 MW decentralised solar capacity. EESL is a state-owned enterprise. Ensuring reliable and uninterrupted power supply to households in these far-flung areas comes against the backdrop […]

h2e Power to develop India’s first hydrogen 3-wheeler

Mumbai: Pune-based h2e Power Systems, part of the Poonawalla Group, is developing India’s first totally integrated hydrogen fuel cell three-wheeler using PEM (proton-exchange membrane) fuel cell and innovative hydrogen cylinders, the company said on Friday. These three-wheelers are being developed in collaboration with Canada-based Hydrogen in Motion under an Indo-Canadian program funded by Gita, a […]

India’s low electricity demand may continue till July: S&P Global Platts

NEW DELHI: With the second wave of the coronavirus pandemic keeping a large part of India’s population indoors, the country’s electricity demand dipped in May, according to S&P Global Platts. India’s low power demand scenario may continue till July. This assumes importance given that energy consumption, especially electricity and refinery products, usually linked to overall […]