SJVN rose 3.89% to Rs 29.35 after the company said that it has signed memorandum of understanding (MoU) with Investment Board of Nepal (IBN) in Kathmandu Nepal for the development of 679 MW Lower Arun hydroelectric project (HEP). IBN is a high-level government body chaired by the Right Honorable Prime Minister of Nepal. IBN functions […]
Category: Power
Power
India wants rich countries to pay more for green energy shift
India can’t prioritise eliminating greenhouse gas emissions without sufficient financing from richer nations to help offset the high cost of transitioning to clean energy, according to a senior government official. In laying out its position ahead of key global climate talks later this year, the top bureaucrat in India’s environment ministry also said the country […]
Getting 40% less electricity than needed: Industry body
Hit hard by the Covid lockdowns, the Dera Bassi Industries Association has warned the Punjab government that its decision to impose power cuts would bring the industry to a standstill. “We fail to understand this situation, when Punjab, as claimed by your department, is a power surplus state and overnight the situation went so alarming […]
Adani Group crossed USD 100 billion in first week of FY22 in market capitalisation: Chairman
In the first week of Financial Year (FY) 2021-2022, AdGroup crossed USD 100 billion in market capitalisation, said Chairman Gautam Adani on Monday. Virtually addressing the firm’s shareholders at Annual General Meeting 2021, he noted that this ‘milestone’ is a first for a first-generation Indian company. “The performance of our listed entities propelled our portfolio […]
Tata Power bags rooftop solar project worth Rs 400 cr
Tata Power has won a contract worth Rs 400 crore from the Kerala State Electricity Board (KSEBL) on 2 July 2021 to develop 64 MW solar rooftop project for domestic consumers across all districts of Kerala. As a part of this agreement, the company will implement projects through KSEBL of 80 MW for individual households […]
Punjab power crisis deepens as one unit of Ropar thermal plant shuts down
One unit of the state-owned Ropar thermal plant stopped generating power due to some boiler leakage issue on Thursday, aggravating the power crisis in Punjab, an official of the state-owned power utility PSPCL said. A 210 MW (megawatt) unit of the Guru Gobind Singh Super Thermal Power Plant, Ropar, developed a snag on Thursday, said […]
Highest hydel power generation by TS Genco in June & July
The Telangana Genco has created history by generating highest hydel power generation in June and July months. The Genco is generating hydel power from various power stations on Krishna river for the past 10 days, which has become a major controversy between Telangana and AP governments. Official sources said the state government has utilised about […]
BHEL bags order for nuclear steam generators from NPCIL worth Rs 1,045 crore
Bharat Heavy Electricals (BHEL) said that it has won a major order for supplying 12 steam generators from Nuclear Power Corporation of India (NPCIL). Valued at Rs 1,405 crore, the order has been won under NPCIL’s fleet mode procurement programme and mandates supply of 12 steam generators for India’s highest rated indigenously-developed 700 MWe Pressurized […]
Sukhbir hits out at Amarinder over power crises in Punjab, says industries are suffering huge losses
ShiromAkali Dal (SAD) president Sukhbir Singh Badal on Wednesday slammed the Punjab government over the power crisis in the state and said industries are suffering huge losses amid the electricity crisis. Speaking to ANI, Badal said, “Punjab is under a huge electricity crisis. I have been receiving calls from various industrialists saying save us. They […]
Renewable capacity addition likely to improve to 11 GW in FY22: ICRA
India’s renewable energy (RE) capacity addition is expected to improve to 10.5 gigawatt (GW) to 11 GW in financial year 2021-22 (FY22) led by a strong project pipeline of about 38 GW, according to ratings agency ICRA. It added that apart from this, over 20 GW RE projects were under the tendering phase from various […]
Highest hydel power generation by TS Genco in June & July
The Telangana Genco has created history by generating highest hydel power generation in June and July months. The Genco is generating hydel power from various power stations on Krishna river for the past 10 days, which has become a major controversy between Telangana and AP governments. Official sources said the state government has utilised about […]
Fitch assigns stable outlook to ReNew RG II’s $525 million notes at BB
Fitch Ratings has assigned a stable outlook to ReNew RG II’s USD525 million senior secured notes due in 2024 and affirmed the rating at BB. Fitch now rates ReNew RG II under the infrastructure and project finance rating criteria and renewable energy project rating criteria. ReNew RG II is a restricted group of operating subsidiaries […]