Mumbai: Billionaire businessman Gautam Adani has agreed to buy three solar power assets from Subhash Chandra’s Essel Group for an enterprise value of Rs 1,300 crore. The deal will strengthen Adani’s renewable energy portfolio at a time when the world is moving away from coal-fired power plants. The transaction will also help Chandra trim his […]
Category: Power
Power
L&T JV bags order for THDC India’s super thermal power project in UP
New Delhi, Aug 30 () Infrastructure major Larsen & Toubro on Friday said its joint venture firm L&T-MHPS Boilers has bagged a “large” order for supply and commissioning of steam generator at THDC India’s super thermal power project in Uttar Pradesh. L&T-MHPS Boilers (LMB) is a joint venture of Larsen a Toubro (L&T) and Mitsubishi […]
Chinese firm to build renewable power projects in Bangladesh – official
DHAKA, Aug 28 (Reuters) – Bangladesh has set up a $400 million joint venture with a Chinese company to build renewable energy projects to provide a total 500 megawatts of power by 2023, a government official said on Wednesday. The venture (JV) between China National Machinery Import and Export Corporation (CMC) and Bangladesh’s North-West Power […]
Solar power brightens lives of kids at govt primary school in Shaikpet
Hyderabad: With pending electricity bills of Rs 36,000, the government primary school in Shaikpet was often seen reeling in darkness. Projectors would remain unused, non-working fans made classrooms a nightmare for students and teachers alike and a trip to the washroom meant hobbling around in the dark. However, a 5 KW solar plant installed in […]
PowerGrid board okays investment of Rs 2.5K cr for transmission project in Rajasthan
New Delhi, Aug 27 () State-run Power Grid Corporation on Tuesday said the company’s board has approved an investment of Rs 2,578.47 crore for an electricity transmission project for a solar energy zone in Rajasthan. The board of directors in their meeting held on August 27, 2019 has accorded investment approval for transmission system for […]
Power sector growth a prerequisite for development of north-eastern states: R K Singh
New Delhi, Aug 27 () Power Minister R K Singh on Tuesday said development of north-eastern India is a priority for central government and power sector growth is a prerequisite for that. Singh was speaking during a meeting of Chief Secretaries and Principal Secretaries of Power of north-eastern states in Guwahati on Tuesday. “Development of […]
BSE resets circuit limit of CG Power, 5 others
New Delhi, Aug 26 () To curb excessive volatility, BSE on Monday revised the circuit limit for the share movement of CG Power and Industrial Solutions and five other companies. In a notice, the exchange said it has set a circuit limit of 5 per cent for CG Power. The new limits, effective from Tuesday […]
Walmart sues Tesla for negligence after repeated solar system fires
Walmart has sued Tesla Inc, accusing it of “widespread negligence” that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its U.S. stores. Solar energy systems installed and maintained by the electric car maker were responsible for fires at seven […]
Power cuts short-circuiting productivity in Bengaluru, rues industry
BENGALURU: Power outages have shorted productivity in Bengaluru, and industry heads are making their displeasure known. Members of Federation of Karnataka Chambers of Commerce and Industry on Tuesday said this has resulted in damage to raw material, lower quality products and losses in production at industries and factories in Bengaluru. At a meeting with Bangalore […]
IIT Mandi researchers developing technology to convert heat into electricity
Mandi: Indian Institute of Technology Mandi researchers in Himachal Pradesh are developing thermoelectric materials that can efficiently convert heat into electricity. While solar power has received a lot of attention, other alternative sources, even if less known, are equally promising. Generating power from heat, for example, is attractive as there is a lot of energy […]
RRB Energy to set up Rs 130-cr facility for higher capacity wind mills
New Delhi, Aug 7 () Wind turbine maker RRB Energy on Wednesday said it will invest Rs 130 crore to set up a new facility to manufacture high capacity wind mills. “RRB Energy will be establishing a new facility by infusing over Rs 130 crore for the purpose of engagement with higher capacity turbines. The […]
Adani Power Q1 net loss at Rs 263.39 cr
New Delhi, Aug 7 () Adani Power’s consolidated net loss narrowed to Rs 263.39 crore in the April-June quarter of 2019-20, helped by improvement in its operating performance, according to a regulatory filing. The company had reported a net loss of Rs 825.15 crore for the April-June quarter of 2018-19, Adani Power said in a […]