New Delhi, Jul 24 () Ride-hailing platform Uber on Wednesday said it has partnered with SUN Mobility, an energy infrastructure and services provider as part of its efforts to strengthen the electric vehicle ecosystem in India. Under the partnership, SUN Mobility will offer its energy infrastructure platform which includes swappable smart batteries and Quick interchange […]
Category: Power
Power
Disagree with ICRA’s downgrade of Rosa Power Supply Co: Reliance Power
New Delhi, Jul 24 () Reliance Power on Wednesday said it disagrees with ICRA’s ratings downgrade for its arm Rosa Power Supply Company. Ratings agency ICRA has revised the long-term rating on rated instruments of Rosa Power Supply Company Ltd (RPSCL) to ‘B- issuer not cooperating’ and short-term rating to ‘A4 issuer not cooperating’, citing […]
NTPC, BHEL to build world’s cleanest power plant
NEW DELHI: State-run NTPC and power gear maker BHEL have formed a joint venture to build the world’s cleanest generation unit of 800 MW capacity to demonstrate the home-grown advanced ultra-super critical technology that will reduce carbon dioxide emission by 20%. The new plant will be built at NTPC’s existing power plant in Sipat, Chhattisgarh. […]
Kinetic to develop gear box, axle for electric vehicles
New Delhi, Jul 22 () Kinetic Engineering Monday said it will soon initiate development of axles and gearboxes for electric vehicles (EVs) in order to push for such mobility in the country. The company sees huge opportunities in providing a complete powertrain solution, and hence proposes to design, develop and manufacture two speed gear boxes, […]
Power ministry mulls norms to pare cost of supply for discoms, ease tariff pressure
NEW DELHI: The power ministry is considering a proposal to allow all generation companies (gencos) flexibility to supply electricity from any plant in their stable, a move that will reduce the cost of power for cash-strapped distribution companies (discoms) and ease the pressure to raise consumer tariffs. The ministry’s line of thinking has been encouraged […]
No power for three days, Arnala locals protest
MUMBAI: Around 500 residents of Arnala village in Virar were out on the streets on Sunday to protest the lack of electricity that they were experiencing for the past three days. Their protest stopped traffic for about three hours, till the police and Maharashtra State Electricity Distribution Limited (MSEDCL) officials reached the spot. While the […]
Solar rickshaws make debut on IIT-Delhi campus
NEW DELHI: Suresh Kumar has been pedalling people at IIT-Delhi since 2002. But now a solar-powered hybrid rickshaw will make his job less burdensome. Central Electronics Limited (CEL), a central government enterprise that has decided to give these vehicles to the rickshaw-pullers at IIT Delhi under a corporate social responsibility initiative, handed over 10 such […]
Electric supply cut for 3,000 consumers in Chembur as unpaid dues touch Rs 77 crore
MUMBAI: More than 3,000 consumers in the thickly populated Siddharth Colony at Chembur were plunged into darkness as electricity supply to their homes and shops was disconnected on Wednesday. Adani Electricity took the ‘drastic step’ after non-payment of bills to the tune of Rs 77 crore for over a decade. This is the second time […]
Punjab & Sind Bank reports about Rs 238cr fraud by Bhusan Power
New Delhi, Jul 17 () State-owned Punjab & Sind Bank Wednesday reported over Rs 238 crore fraud by Bhushan Power and Steel, a third such instance after similar disclosures made by PNB and Allahabad Bank recently. “On the basis of forensic audit investigation findings and CBI filing FIR, on suo moto basis, against the company […]
Not backing out from buying Bhushan Power: JSW Steel to NCLT
NEW DELHI: JSW Steel on Monday told the National Company Law Tribunal (NCLT) that the company is not backing out from the ongoing resolution process of Bhushan Power & Steel (BPSL) despite reports of alleged fraud by its former promoters. During the proceedings in NCLT, counsel appearing for JSW Steel informed the tribunal that it […]
NSEFI pitches of capping renewables tariff at Rs 3/unit under NTPC, SECI auctions
New Delhi, Jul 14 () National Solar Energy Federation of India has urged the government to cap tariff from all renewable energy sources at Rs 3 per unit for auctions by state-owned NTPC and Solar Energy Corporation. The capping will help keeping the renewables tariff lower than Rs 3 per unit. This will prove to […]
Allahabad Bank reports Rs 1,775 core fraud by Bhushan Power & Steel
New Delhi, Jul 13 () After Punjab National Bank (PNB), another state-owned lender Allahabad Bank Saturday reported fraud of over Rs 1,774 crore by Bhushan Power and Steel to the Reserve Bank of India. Allahabad Bank in a regulatory filing said on the basis of forensic audit investigation findings and CBI filing FIR against the […]