India has an ambitious target of increasing its renewable energy capacity to 175 GW by 2022 and 500 GW by 2030 as part of its nationally determined contribution (NDC) in the global combat against climate change, but a new research on Thursday indicates that climate change is expected to impact future renewable energy production. It […]
Category: Power
Power
China advances plans for space solar power plant
China has advanced its plans to launch a space solar power plant programme in 2028, two years ahead of the original schedule, according to a new paper. The nation, earlier, aimed to put a 1 megawatt solar energy station in space by 2030. According to the updated plan, published in the peer-reviewed journal Chinese Space […]
Maruti Suzuki sets up 20 MWp solar power plant at Manesar plant
NEW DELHI: Maruti Suzuki India (MSI) on Monday said it has set up a 20 MWp solar power plant at its Manesar-based manufacturing facility. The initiative will contribute 28,000 MW per annum, which is equivalent to the energy required for the production of over 67,000 cars annually. “Harnessing renewable energy is the need of the […]
Essar Power sells transmission line to Adani Transmission for Rs 1,913 crore
NEW DELHI: Essar Power Ltd on Friday said it has agreed to sell one of its two electricity transmission lines to Adani Transmission Ltd for Rs 1,913 crore. The sale is a part of deleveraging strategy following which Essar has repaid over Rs 1.8 lakh crore to banks and financial institutions in the last three […]
Adani buys Essar’s power line biz in central India for Rs 1,913 crore
MUMBAI: Adani Group, India’s third-most valued conglomerate, has agreed to buy Essar Power’s transmission business in central India for Rs 1,913 crore. The deal will consolidate Adani’s presence in central India, while it will mark the exit of Essar from the power transmission business. The asset transacted is an operational 400kv transmission line linking Mahan […]
Jio-bp, MG Motor and Castrol in Electric Mobility partnership in India
In a development that is likely to boost electric vehicle (EV) adoption and mobility in India, MG Motor India and Castrol India are set to collaborate with Jio-bp to explore mobility solutions for electric cars. Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol’s existing […]
Japan’s Chubu Electric to purchase a stake in OMC Power of India
TOKYO: Japan’s Chubu Electric Power Co Inc will spend up to 5 billion yen ($39 million) to buy a 20 per cent stake in India’s rural renewable energy service company, OMC Power Private Ltd, through a third-party allotment of shares. OMC operates about 280 renewable energy plants to provide electricity for telecom companies, small and […]
India aims to cut power output from at least 81 coal-fired plants over 4 years
NEW DELHI: India plans to reduce power generation from least 81 coal-fired utilities over the next four years, the federal power ministry said in a letter, in an effort to replace expensive thermal generation with cheaper green energy sources. The plan aims to maximize green energy potential and save costs, the letter sent to top […]
India seen facing wider coal shortages, worsening power outage risks
NEW DELHI: India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening risks of widespread power outages. The energy-hungry nation expects local coal supply to fall 42.5 million tonnes short of demand in the September […]
India asks power producers to seek weekly payments to manage pricey coal imports
NEW DELHI: India has asked power producers to bill electricity buyers every week to ensure adequate cash flow as costs surge due to higher imports of expensive coal, according to a federal power ministry letter seen by Reuters. A scorching heatwave and the lowest fuel inventories at power plants in years have forced India to […]
States to save Rs 19,833 crore in power dues from Centre’s amnesty scheme
NEW DELHI: State discoms ( power distribution companies) will save Rs 19,833 crore on late fee in the next 12 to 48 months from an surcharge-free instalment scheme being rolled out by the power ministry to help them clear their accumulated dues to gencos (generation companies), a major drag on the sector. The savings from […]
India’s EV & renewable energy push may increase copper imports
Chennai: India’s copper imports, which have gone up from $2.2 billion in FY21 to $2.9 billion in FY22, will see a sharp jump as the country transitions to electric mobility and renewable power. India, which became import dependent on copper just over three years ago, will need to rapidly ramp up domestic capacity in tune […]