Category: Power

India’s power consumption grew nearly 17 per cent in the first fortnight of July to 59.36 billion units (BU) and returned to pre-pandemic level mainly due to easing of lockdown curbs and delayed monsoon, according to power ministry data. Power consumption during July 1-14 last year was 50.79 BU. Power consumption was recorded at 52.89 […]

Reliance Power on Wednesday said it has received shareholders’ approval to issue shares and warrants worth Rs 1,325 crore to its promoter firm Reliance Infrastructure on preferential basis. The issue of shares and warrants to RInfra is aimed at reducing Reliance Power’s standalone debt by Rs 1,325 crore. “The Shareholders of Reliance Power Limited (Reliance […]

Power engineers and employees will boycott work for a day on August 10 to protest against the proposed Electricity (Amendment) Bill 2021, AIPEF said on Wednesday. The All India Power Engineers Federation (AIPEF) in a statement said the Bill listed for Monsoon session of Parliament should not be rushed through and instead should be referred […]

RattanIndia-backed EV maker Revolt Motors has welcomed the new Maharashtra Electric Vehicle Policy, saying its implementation, in addition to the FAME II incentives, will accelerate the process of EV adoption in the state. Moreover, the increased subsidy being offered under the new scheme will make EV motorcycles more affordable and accessible to consumers, Revolt Motors […]

JSW Energy on Wednesday said it will seek shareholders approval to raise up to Rs 5,000 crore via equity shares, bonds and other such securities in its annual general meeting on August 4, 2021. The proposed resolution enables the board of directors to issue securities for an aggregate amount not exceeding Rs 5,000 crore or […]

Infrastructure investment trust IndiGrid on Wednesday said it has completed the acquisition of entire stake in two solar energy assets with cumulative capacity of 100 MW from Fotowatio Renewable Ventures (FRV) at an enterprise value of Rs 660 crore. IndiGrid’s acquisition of its first solar asset is an important milestone in the Indian infrastructure sector […]

State-run Satluj Jal Vidyut Nigam (SJVN) has signed a memorandum of understanding with the Investment Board of Nepal to build the 679 mega-watt (MW) Lower Arun Hydro Electric Project in the neighbouring country. SJVN won the project through competitive bidding after defeating other companies in the auction. The project is scheduled to be completed in […]

Reliance Industries Ltd has invested Rs 1 lakh in cash in 10,000 equity shares of its newly-incorporated subsidiary Reliance New Energy Solar Ltd (RNESL). In a regulatory filing on Monday, RIL noted that RNESL is yet to commence its business operations. RNESL has been incorporated to undertake activities relating to solar energy. “It is hereby […]

Punjab chief minister Amarinder Singh on Monday evening ordered immediate withdrawal of all power regulatory restrictions that were imposed on industries across the state to meet the power crisis. An official said the crisis was triggered by a delayed monsoon and an unprecedented surge in demand from both agricultural and domestic sectors. Reviewing the power […]

State-run power giant NTPC on Tuesday said its arm, NTPC REL, will set up the country’s first green Hydrogen Mobility project in Ladakh. “NTPC REL, a 100 per cent subsidiary of NTPC, signed a MoU with the Union Territory of Ladakh, to set up the country’s first green Hydrogen Mobility project in the region,” a […]

Delhi Electricity Regulatory Commission (DERC) has written to the Union power ministry requesting de-allocation of Delhi’s share of power from Dadri-I generating station of NTPC. In a letter sent on July 7, DERC requested de-allocation of the entire quantum of Delhi’s share from the ‘costly’ power plant (756MW) for optimisation of power purchase cost of […]

Fair trade regulator Competition Commission of India (CCI) on Monday approved the acquisition of 23.5 per cent stake in ONGC Tripura Power Company Ltd by Summit India (Tripura). The transaction represents a credible business opportunity for Summit India (Tripura) as ONGC Tripura Power Company operates a 726.6 MW, fully operational natural gas based power plant […]