New Delhi: State-run REC’s board Thursday decided to approve an interim dividend of Rs 11 per equity share of Rs 10 each and also increased its overall market borrowing limit to Rs 85,000 crore from the earlier Rs 60,000 for the current financial year. Board approved declaration and payment of interim dividend at Rs 11 […]
Category: Power
Power
BHEL pays 40% interim dividend for FY19
New Delhi: State-run engineering firm BHELNSE -0.62 % Wednesday said it has paid an interim dividend of 40 per cent for financial year 2018-19. This is the highest dividend paid by BHEL in a single year, in the last five years, the company said in a statement. “In value terms, this dividend amounts to Rs […]
Assam to come up with solar park
GUWAHATI: Chief Minister Sarbananda Sonowal on Wednesday laid the foundation stone of a 70 MW Solar Park at Japisajia village of Amguri in Sibsagar district in a bid to boost power production and promoting clean energy in the state. The Solar Park to be set up in an area of 340 acre with production life […]
Gujarat mandates EPC, OEM details in wind bids
BENGALURU: Gujarat’s power regulator has laid down that all bidders in auctions for wind projects should also specify the equipment manufacturers and EPC contractors they have tied up with to execute the project. In a first by any state, Gujarat Electricity Regulatory Commission (GERC) has said that developers should name at least three such manufacturers/contractors, […]
New electricity cable infrastructure on cards via Rs 37,000 crore scheme
New Delhi: The Centre is considering a Rs 37,000-crore scheme to fund new overhead electricity distribution cabling infrastructureNSE 0.31 % in states for prevention of rampant power theft. According to estimates, India loses about Rs 8,500 crore a year on account of aggregate technical and commercial losses (AT&C). Technical losses are contingent upon network condition […]
Solar tariffs see modest rise at SECI auction
Tariffs saw a modest rise at the latest auction of solar projects conducted by Solar Corporation of India (SECI), its first since last July. The reverse auction of 1200 MW saw four winners, each winning 300 MW. ReNew Power’s bid was the lowest, offering to supply electricity at Rs 2.55 per unit, followed by Azure […]
CG Power promoter in talks to sell stake: Reports
Gautam Thapar-led CG Power & Industrial is in talks to sell stake in the company, according to a report by ETNow. The report added that Thapar was in talks with KKR and other PE players to sell the company. However, CG Power did not respond to ETNow query. After falling as much as 13.50 per […]
Thyssenkrupp Industries India, Babcock & Wilcox in pact for biomass boiler technology for India
MUMBAI: Thyssenkrupp Industries, the Indian arm of German conglomerate, has signed an exclusive license agreement with Babcock & Wilcox Volund of Denmark for a biomass boiler technology for India and neighbouring countries that could substantially reduce pollution, the company said in a statement on Tuesday. Thyssenkrupp said that its biomass boilers could help reduce pollution […]
Thyssenkrupp inks pact with Babcock & Wilcox for renewable energy tech
Thyssenkrupp Industries India Tuesday said it has inked a pact with Babcock & Wilcox for renewable energy technology for India and neighbouring countries that would help reduce pollution. The agreement has been signed for B&W Enterprises Inc’s water-cooled vibrating grate technology for biomass boilers for India, Nepal, Sri Lanka, Bangladesh, Myanmar and Bhutan, thyssenkrupp Industries […]
Clean ride on 14 km solar track may save Rs 3 lakh/year in power bill
By August, the Public Works Department plans to complete a 14 km-long solar cycle path on Outer Ring Road, stretching from Mukarba Chowk to Jagatpur Khadar Village. The project promises to save Delhi government up to Rs 3 lakh in power bill every year. It is being touted as the longest cycling track in the […]
Many state discoms bear loss of income as they defer tariff hike
New Delhi: Approaching general elections along with recent assembly polls have taken a toll on the finances of state power distribution companies as many states are offering freebies to voters instead of filing tariff revision petitions with regulators to recover costs. In many cases, regulators have allowed deferred tariff hikes, which cumulatively add up to […]
REC must get consent from at least 50 per cent of lenders for PFC deal to go through
State-owned REC will have to obtain consent of at least 50 per cent of the foreign lenders before the company could be acquired by PFC as part of the disinvestment plans approved by the Cabinet. REC’s cumulative foreign debt stands at around USD 1.85 billion which will mature in phases till 2028 and the state-owned […]