KOLKATA: Coal IndiaNSE 0.67 % Ltd (CIL) and NLC IndiaNSE 2.07 % will jointly develop solar power assets of 3,000 MW with a likely investment of around Rs 12,000 crore, sources said on Saturday. The two state-run companies had on Friday said they would form a JV to develop 5,000 MW of solar and thermal […]
Category: The Economic Times
Economictimes
Power demand slump narrows to 2.6 per cent in July beginning
Power demand slump has narrowed to 2.6 per cent in the beginning of July from 9.6 per cent in June, showing improvement in commercial and industrial activities in the country. The peak power demand had declined by about 25 per cent in April and 8.82 per cent in May this year due to lower commercial […]
Electrification work at world’s ‘largest’ Covid care centre completed in record time: Discom
NEW DELHI: To ensure seamless power supply to the world’s “largest” COVID-19 care centre here in a “record time”, more than 100 workers and officials of discom BRPL worked round the clock to lay 22-km-long cable underground and install 24 transformers for a load of 23 MW, its spokesperson said on Sunday. The 10,000-bed Sardar […]
Pakistan’s closest ally in SE Asia ground Pak-origin pilots over fake licence scam
NEW DELHI: Malaysia, Pakistan’s closest ally in SE Asia and one of its close partners in OIC, has temporarily suspended pilots employed by its airlines who hold Pakistani licences, after Islamabad revealed that many pilots had dubious qualifications, according to media reports. The Civil Aviation Authority of Malaysia (CAAM) said in a statement on Thursday […]
Germany is first major economy to phase out coal and nuclear
BERLIN: German lawmakers have finalized the country’s long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn’t ambitious enough and free marketeers criticize as a waste of taxpayers’ money. Bills approved by both houses of parliament Friday envision shutting down the last coal-fired power plant by 2038 and spending […]
Tata Power Company Ltd. shares gain 2.21% as Sensex rises
Shares of Tata Power CompanyNSE 0.20 % Ltd. traded 2.21 per cent up at Rs 50.95 at 12:15PM (IST) on Friday, even as BSE benchmark Sensex gained 201.52 points to 36045.22. The stock had settled at Rs 49.85 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 74.05 and […]
REC Ltd. shares decline 0.32% as Sensex climbs
Shares of the RECNSE -0.23 % Ltd. traded at Rs 108.15 on BSE at 01:07PM (IST) on Friday, down 0.32 per cent from previous close. The stock quoted a 52-week low price of Rs 79.0 and a high of Rs 169.55. Earlier, shares of the company saw a gap up opening in the morning.
Workers’ strike hits Coal India output, despatch
KOLKATA: Coal India’s fuel despatch fell to 42% of average on Thursday, the first day of a three-day strike by unions against private competition in mining, commercial coal mining. Production and top soil removal at mines were 38% and 58% of their respective recent averages, it said in a statement. It loaded 5,78,000 tonnes on […]
Domestic manufacturing only meets half of India’s solar equipment demand: Power minister RK Singh
NEW DELHI: Domestic manufacturing capacity of solar cells and modules meets only half of the country’s demand, union power and renewable energy minister RK Singh said. This means that the dependendence on China for India’s solar imports is bound to continue. The minister recently announced a slew of duties to be levied on them, starting […]
Hitachi ABB Power Grids to focus on e-mobility
NEW DELHI: Hitachi ABB Power Grids, the joint venture between Hitachi and ABB, will focus on electric mobility and smart cities, where it sees opportunities in the electric vehicle charging space, the company’s top executive in India said. The company, which formally began operations on Wednesday, is upbeat about its prospects in India, although the […]
Ban on power equipment imports from China, Pakistan: Power Minister R K Singh
New Delhi: India will not allow import of power equipment from China & Pakistan, power minister R K Singh announced Friday morning, citing recent transgression in border areas and cyber security threats. Imports from other nations will need permissions. “Today we manufacture everything that is required for power generation, transmission and distribution. In 2018-1, we […]
Power producers seek more time to install emission controlling FDG technology
An association of power producers has sought more time to install emission controlling equipment at their plants, saying various issues, including COVID-19 followed by supply disruptions from China, have posed challenges in meeting the December 2022 deadline. In a letter to the Prime Minister’s Office (PMO), the Association of Power Producers (APP) has sought another […]