India needs disruptive solutions in renewable, low carbon and carbon recycle technologies, as well as breakthroughs in renewable energy and innovations in energy storage and utilisation to achieve the twin goals of becoming an economic and a clean-and-green energy superpower, Reliance Industries Chairman Mukesh Ambani said on Saturday. Ambani, who is also the President of […]
Category: Power
Power
Delay in supply pacts with discoms seen to hit renewable energy projects
The delay in signing power supply agreements (PSA) by Solar Energy Corporation of India (SECI) with discoms for over 20,000 MW of power projects awarded in the last one year is threatening the renewable energy target of 175 giga watt (GW) by 2022. Manufacturing projects of 12,000 MW was awarded in June, while the peak-off-peak […]
Bharti Airtel to acquire 5.2 pc stake in Avaada MHBuldhana for Rs 4.55 cr
Bharti Airtel on Friday said it will acquire 5.2 per cent stake in solar power company Avaada MHBuldhana for Rs 4.55 crore in an all-cash deal. Avaada MHBuldhana Private Limited is a newly-formed company and developing a captive generating solar power plant in Maharashtra which will become operational by March 2021. It is a subsidiary […]
Reforming power-pricing: Constraints must be reconciled through policy interventions and reforms
Extending electricity connection to every household is the greatest power reform touching the life of the common citizen. Now, 24×7 quality power at affordable prices must be ensured. But, the buzz on the next round of power reforms is centred on the amendments to the Electricity Act (EA) and/or the Tariff Policy proposed rather than […]
MNRE proposes 54 GW wind park scheme for states
To address the land-related hassles in wind power projects, the Union ministry of new and renewable energy (MNRE) is planning a wind energy park development scheme. As part of the same, states will prepare the necessary infrastructure for wind power project developers under the plug- and-play model. MNRE will provide financial assistance of Rs 20 […]
Chanda Kochhar moves Supreme Court challenging termination from ICICI Bank
Former ICICI Bank CEO Chanda Kochhar on Friday moved the Supreme Court challenging her termination from the bank, and sought all the pensionary benefits, including bonuses and stock options, post her retirement. Kochhar has challenged the Bombay High Court’s March 5 order that dismissed her petition against her termination on the grounds that the termination […]
PMLA case: ED assures SC of no coercive action against former ICICI Bank CEO Chanda Kochhar
The Enforcement Directorate (ED) Friday assured the Supreme Court that it would not take any coercive action against former ICICI Bank CEO and MD Chanda Kochhar in a money laundering case. A bench headed by Justice S K Kaul was informed by Solicitor General Tushar Mehta that the agency would not take any coercive step […]
Debt relief: Supreme Court asks RBI to address power companies’ woes
Even as the Centre and the RBI show reluctance to widen the ambit of post-pandemic loan relief to borrowers and banks seem disinclined to artificially suppress their stressed assets, the Supreme Court is still exploring if hard-hit industrial sectors could be given further succour. The apex court on Thursday asked RBI to respond to the […]
Adani has no guaranteed customer for $6 billion Indian solar project
Adani Green Energy’s record $6 billion solar power project announced in June has no guaranteed customer, its deal with India’s main solar-adoption agency shows, and may expose the company to higher financial risk. Shares in the firm, controlled by billionaire Gautam Adani, have soared three-fold since the signing of the 8 gigawatt (GW) multi-plant deal, […]
Rays Experts commissions 700MW solar energy projects in India
Solar solution provider and park developer Rays Experts on Tuesday announced that it has commissioned solar projects of around 700 MW capacity across the country. These projects include a 440 MW solar plant inside the park, 210 MW solar plant outside the park, 49 MW rooftop installations for commercial/industrial sites, and 4 MW units across […]
Data monitor: Coal-based power output at 9-month high
Electricity generation registered year-on-year growth (3%) for the second consecutive month in October’20 though it was 3% lower than in Sept’20. Generation of coal-based power rose to the highest level in nine months (5% m-o-m and 15% y-o-y).
Power demand up 8% in early November
With the gradual recovery of economic and commercial activities in the festive season, early signs indicate that power consumption in November is heading for a positive growth on a year-on-year (y-o-y) basis, making it the third straight month to record an annual rise in electricity demand. According to the government’s preliminary data, 50,159.6 billion units […]