Renewable energy solution provider Suzlon Group on Monday announced that it has achieved the milestone of 20 GW installed wind turbine capacity worldwide. “Suzlon Group has crossed the 20GW wind energy installations milestone through 12,467 wind turbines installed across 17 countries, spanning six continents, solidifying Suzlon’s position as a significant player in the global wind […]
Category: Power
Power
Bangladesh power cuts may last two more weeks on fuel shortages
Bangladesh could face power cuts for two more weeks, its power minister said late on Sunday, as higher electricity consumption because of rising temperatures has caused a fuel shortfall for generation plants. Bangladesh has suffered under severe power shortages since April as a searing heatwave spiked demand for electricity and then a deadly cyclone cut […]
IAEA chief outlines five principles to avert ‘catastrophe’ at Ukraine’s Zaporizhzhia nuclear plant
The head of the International Atomic Energy Agency said on Tuesday that he had established five basic rules to avoid a nuclear catastrophe at Ukraine’s Zaporizhzhia nuclear power plant and that he would publicly report any violations. Rafael Mariano Grossi, the director general of the IAEA., briefed the UN Security Council on the rules, which […]
Reliance Industries Ltd’s operating performance robust: S&P Global Ratings
Reliance Industries Ltd’s operating performance is likely to remain resilient over the next two years, as the firm’s growing presence in the digital and retail segments will temper softer earnings in the energy business, S&P Global Ratings said on Thursday. The rating agency affirmed its ‘BBB+’ rating — equivalent to the sovereign rating assigned to […]
Brookfield invests $360 million in Cleanmax Enviro Energy Solutions
Global private equity major Brookfield has invested $360 million for a controlling stake in Cleanmax Enviro Energy Solutions, a Mumbai-based renewable energy firm. This investment by Brookfield was done via Brookfield Global Transition Fund. The private equity firm disclosed in a statement that the equity funding is a mix of primary and secondary sale, and […]
TVS, Ather, Ola jack up prices of electric two-wheelers as new subsidy norms kick in
Electric two-wheeler makers TVS Motor Company, Ather Energy and Ola Electric have increased prices of their products as curtailed subsidy structure comes into effect from June 1. In a statement, TVS Motor Company stated that in order to propel the electrification journey further in a sustainable manner after FAME II scheme revision, it has increased […]
State plans to add around 4,100MW across thermal and renewable energy sources, says Aroop Biswas
Bengal power minister Aroop Biswas on Friday said that the state has plans to add around 4,100MW across both thermal and renewable energy sources. “Bengal today has an available capacity of around 9,500MW. Another 4,100MW shall be added in the near future,” the minister said at an event organised by the Indian Chamber of Commerce […]
Shelling knocks out power at Zaporizhzhia power plant, threat of nuclear disaster looms
Russian shelling again briefly knocked out power to the Zaporizhzhia nuclear power plant, which had switched to backup diesel generators to keep critical cooling equipment running, Ukrainian nuclear officials said on Monday. The loss of power had renewed the threat of a nuclear disaster at the plant, which is occupied by Russian troops and operated […]
After Supreme Court panel clean chit, Adani stocks lead market gains
The Adani group had its best session on the bourses on Monday since the release of the Hindenburg report with all its 10 listed firms rallying and their combined market capitalisation going past the Rs 10-lakh-crore (trillion) mark after a Supreme Court-appointed panel found no evidence of stock price manipulation. The gains were led by […]
FAME II subsidy on electric two-wheelers reduced to Rs 10,000 from Rs 15,000
Electric two-wheelers in India are set to get costlier from June 1, 2023 as the government of India has revised the subsidy on the FAME India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) Scheme to Rs 10,000 per kilowatt per hour (kWh) as against Rs 15,000/ kWH. Furthermore, the cap for […]
Adani-Hinderburg row: SC panel cites law changes, says no regulatory failure on price manipulation
A regulatory quagmire threatens to undermine the investigation into US short seller Hindenburg Research’s accusations of shenanigans in the Gautam Adani group that shook the stock markets at the start of the year. The investigation into l’affaire Adani stems from an alleged breach of public float rules, a skein of related party transactions and suspicions […]
Late Payment Surcharge brings down outstanding dues of discoms to Rs 93,000 crore from Rs 1.39 lakh crore
The total outstanding dues of electricity distribution utilities (discoms) has reduced by a third to around Rs 93,000 crore in May, in less than year of implementing the Late Payment Surcharge (LPS) Rules in June 2022. The burgeoning dues of discoms toward power generation (gencos) mainly and transmission (trancos) firms have been affecting the entire […]