NEW DELHI: President Joe Biden and Prime Minister Narendra Modi discussed efforts to combat the rise in energy and food prices caused by Russia’s invasion of Ukraine, according to the White House. In a statement following the leaders’ bilateral meeting in Tokyo on Tuesday, the White House said Biden “condemned Russia’s unjustifiable war against Ukraine,” […]
Category: Power
Power
Stellantis, Samsung plan Indiana electric car battery plant
KOKOMO: A joint venture between Stellantis and Samsung plans to build an electric vehicle battery factory in Indiana that will employ up to 1,400 workers and become the company’s second such factory in North America. The venture announced Tuesday plans to spend more than $2.5 billion on the plant in Kokomo that will supply electric […]
Adani group to invest Rs 60,000 crore in AP green energy plants
AMRAVATI: AP government clinched a big-deal on Monday when Adani group agreed to invest Rs 60000 crore in green energy plants in the state. The state government clinched the big-deal with Adani group during the chief minister YS Jagan Mohan Reddy’s meeting with Adani group chairman Goutham Adani in Davos. Interestingly, Goutham Adani who held […]
Govt jacks up thermal power output, averts major blackout
NEW DELHI: Coal-fired electricity generation has registered a sharp increase this month, preventing large-scale blackouts as the power, coal and railway ministries made a concerted bid to improve fuel supply to power stations from domestic sources and imports. The latest available government data till May 17 shows daily generation from domestic coal-fired plants rising more […]
Govt steps boost coal-based power output, avert major blackout
NEW DELHI: Coal-fired electricity generation has registered a sharp increase this month, preventing large-scale blackouts as the the power, coal and railway ministries made a concerted bid to improve fuel supply to power stations from domestic sources and imports. Latest available government data till May 17 shows daily generation from domestic coal-fired plants rising more […]
Auto parts supplier Sona BLW bets on global EV push
NEW DELHI: Indian auto parts maker Sona BLW Precision Forgings expects two-thirds of its revenues to come from electric vehicle (EV) components over the next few years, as automakers rush to build more clean cars, its chairman told Reuters. Sona BLW, which produces drivetrain components such motors and gears, will invest about $130 million over […]
Power grid creaks under hybrid work model, heatwave
NEW DELHI: People are cranking up air conditioning as they still work from home, while lights come back on in offices and factories with an end to Covid curbs, upending power demand patterns amid a heatwave and the country’s worst blackouts in years. India has traditionally seen peak demand late in the evening when people […]
Centre tells 6 big defaulting states to clear dues or lose power supply
NEW DELHI: The power ministry has warned six big defaulting states to clear dues of generation companies (gencos) and Coal India Ltd (CIL) or lose access to electricity as the outstanding amounts were causing supply side strains. In separate letters to chief secretaries of Uttar Pradesh, Rajasthan, Madhya Pradesh, Maharashtra Tamil Nadu and Jammu & […]
Coal production lags power demand: RK Singh
Power minister R K Singh insists that there is no coal shortage and states need to import coal to plug the mismatch between rise in electricity demand and fuel supply snags caused by spike in global prices. In an interview, he tells TOI that generation companies have been asked to buy rakes to meet the […]
Ather Energy raises $128 mn in series E round
Chennai: Electric vehicle (EV) maker Ather Energy on Thursday said it has closed a Series E round of funding, raising $128 million from the national sovereign fund National Investment and Infrastructure Fund Limited’s (NIIFL’s) Strategic Opportunities Fund, existing and significant shareholder Hero MotoCorp, and other investors. This is Ather’s first large institutional financing after a […]
Hitachi Energy inaugurates transformer components factory in Vadodara
AHMEDABAD: Hitachi Energy India Limited on Wednesday inaugurated its new transformer components manufacturing factory in Vadodara. The factory will produce dry bushings with Resin Impregnated Paper at a capacity of 1,000 units per annum ranging from 72.5 kV to 400 kV voltage. The company officials remained tightlipped about the investment in the plant. Resin Impregnated […]
Renewable energy to grow to new record in 2022: IEA
PARIS: The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said Wednesday. A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain bottlenecks, construction delays and […]