Category: Power

The European Commission gave a guarded welcome to guidance by the United States meaning that EU companies could partially benefit from the US Inflation Reduction Act, but said further improvements were required. The $430 billion green subsidy law, which grants tax credits for buying US-produced electric vehicles (EVs) and other green products, has triggered fears […]

Hero MotoCorp said it has commenced customer deliveries of its first electric scooter, the VIDA V1. The first electric vehicle from the brand was delivered in Bengaluru. Deliveries in Jaipur and Delhi will follow, the company said in a statement. “Our vision with VIDA is to establish future oriented mobility trends that will benefit the […]

CHENNAI: Tangedco, the state-owned discom, is leaving no stone unturned to shake off the tag of ‘loss making company’. To begin with, it is reducing its transmission loss to save up to 1,200 crore by converting overhead low tension (LT) cables into high-tension lines before 2026. The Union ministry of power has sanctioned 2,700 crore […]

NEW DELHI: With the temperature dipping to 5 degrees Celsius, the power demand in the city also touched the highest this season on Monday. According to data from the State Load Dispatch Centre (SLDC), Delhi’s peak power demand clocked 4,803 MW at 10.22am. The power demand also broke last year’s record for December when it […]

NEW DELHI: Delhi government on Thursday approved the draft of its ambitious Solar Policy 2022 that revises the installed capacity to 6,000 MW from 2,000 MW by 2025, a jump of three times from 2022. The new policy targets to increase the share of solar energy in Delhi’s annual electricity demand from 9% to 25% […]

The United States will introduce incentives on January 1 for delivery firms and other companies to switch to electric trucks as part of a broad push to get polluting, workhorse vehicles off roads and out of neighborhoods. The first-of-its-kind incentives, established under President Joe Biden’s Inflation Reduction Act (IRA), will offer tax credits of $7,500 […]

CHENNAI: Tamil Nadu’s energy managers are staring at multiple challenges – from increasing the installed capacity to meet the growing demand, to reducing its discom Tangedco’s loan burden of 1.5 lakh crore and plugging its own losses without letting the consumers feel the pinch. All the while, it has to adhere to the green energy […]

Chennai: Commercial buildings and bigger apartment complexes that consume more electricity in the state should hereafter adhere to the energy conservation building code developed by the Bureau of Energy Efficiency (BEE) as the state government has passed a GO adopting the code. The GO dated December 27 said that the government after careful examinations, makes […]

CHENNAI: As many as 100 members of police families at Avadi police quarters are up in arms since Monday after Tangedco disconnected power supply to the locality over unpaid dues of 2.8 lakh. Lift, street lights and water services were hit, residents said. The ten-storey building has 900 houses to accommodate families of police personnel. […]

NEW DELHI: India is planning a $2 billion incentive programme for the green hydrogen industry, three sources told Reuters, in a bid to cut emissions and become a major export player in the field. The $2.2 billion incentive aims to reduce the production cost of green hydrogen by a fifth over the next five years, […]

MUMBAI: The Ruias-promoted Essar Power Gujarat has sought to enter into a one-time settlement with financial creditors. The company, which had availed credit from an SBI-led consortium, was classified as a non-performing asset (NPA) after its inability to service debt. On Monday, SBI Capital Markets, which has been appointed as the process adviser by lenders, […]

Tesla Inc. shares hit a fresh two-year low in volatile trading as top boss Elon Musk’s promise to not sell his shares in the electric-car company for at least two years did little to reassure investors. Musk has offloaded shares worth $40 billion in the world’s most valuable carmaker since late last year, with $15 […]