India and Saudi Arabia on Sunday inked an initial pact to collaborate in the field of electrical interconnections, green/clean hydrogen and supply chains. The Memorandum of Understanding (MoU) aims to establish a general framework for cooperation between the two countries in the field of electrical interconnection and exchange of electricity during peak times and emergencies. […]
Category: Power
Power
NCLT directs Swan Energy to make upfront payment of Rs 250 crore
The National Company Law Tribunal’s Ahmedabad bench has directed Swan Energy, the successful resolution applicant for Reliance Naval and Engineering (RNEL), to make an upfront payment of about Rs 250 crore. This came after the company sought another extension to make the payment, as the present deadline, which was postponed twice, ended on September 14. […]
NCLT directs Swan Energy to make upfront payment for Reliance Naval
The Ahmedabad bench of NCLT has asked Swan Energy, the firm that had won the bid to buy Reliance Naval and Engineering Ltd in an insolvency proceeding, to make the upfront payment it had proposed in the resolution plan, sources said. Swan Energy is yet to make the upfront payment of around Rs 250 crore […]
Electric One launches E1 Astro Pro range of scooters at Rs 99,999 onwards
Electric One has introduced its inaugural two-wheeler series in India, which consists of the EV scooters E1 Astreo Pro and E1 Astro Pro 10, priced at Rs 99,999 onwards, ex-showroom. The Astro EV scooter series was designed to meet the requirements of the Indian commuter. These scooters are equipped with several characteristics, including a strong […]
New Ather 450S HR (long range) to be launched soon
After launching the more affordable Ather 450S, the company is gearing up to launch a long-range version of the scooter, called the 450S HR. The details surfaced over a homologation document filed by Ather Energy. The Ather 450S was the EV maker’s answer to the reduction in FAME II subsidies, which features a smaller 2.9kWh […]
More affordable Bajaj Chetak EV spied testing — Here’s what to expect
The revision in FAME II has made all electric scooter manufacturers rethink their product lines and innovate to make the scooters more affordable. Ather has come up with the 450S, which sports a smaller battery pack while Ola has launched an array of affordable scooters alongside the updated S1 Pro Gen 2. Now, Bajaj is […]
India’s final energy demand expected to double by 2070, says Deloitte-FICCI report
India’s final energy demand is expected to double to about 1200 Mtoe (Millions tonnes of oil equivalent) by 2070 in a net-zero scenario with aggressive energy efficiency measures, said a report titled India’s energy-transition pathway: A net-zero perspective by FICCI and Deloitte India. It further stated that India will require $15 trillion in investments to […]
India to achieve 500 GW renewables target before 2030 deadline: RK Singh
Union Power and New & Renewable Energy Minister R K Singh on Monday said India will achieve its 500 GW renewable energy target before the 2030 deadline. Addressing FICCI’s India Energy Transition Summit 2023, Singh also said had India not lost two years due to COVID-19, the nation would have achieved 50 per cent of […]
TVS announces India’s first Electric Racing Championship for two-wheelers
TVS Motor announces the launch of India’s first-ever electric two-wheeler racing championship, a pioneering initiative that is a significant step forward in motorsports and reaffirms TVS Motor Company’s commitment to sustainable mobility solutions as it becomes the first Indian manufacturer to foray into the world of EV moto racing. With a growing uptick in the […]
Schneider Electric India lines up Rs 3,200 cr capex by 2026: CEO & MD Deepak Sharma
Schneider Electric India has lined up an investment of Rs 3,200 crore by 2026 to increase its footprint in the country, company’s CEO & MD Deepak Sharma said. The investments will be made in nine states, Sharma who is also the President – Greater India region told PTI in an interaction. “In line with our […]
TVS ILP to build warehouse for First Solar
TVS Industrial & Logistic Parks (TVS ILP), part of TVS Mobility Group, is building a new warehouse to support US-based First Solar’s manufacturing facility in Tamil Nadu. The 5,70,000 sq-ft warehouse space is intended to serve as a staging area for Fi rst Solar’s raw materials and inventory. First Solar is a leading solar technology […]
Sterlite Power acquires Beawar Transmission to develop power project in Rajasthan
Sterlite Power on Friday said it has acquired Beawar Transmission Ltd for developing an electricity transmission project in Rajasthan. Beawar Transmission is a Special Purpose Vehicle (SPV) of REC Power Development and Consultancy Ltd. The SPV was awarded to Sterlite Power through tariff-based competitive bidding in August, a company statement said. “Sterlite Power announces the […]