Category: Power

Noting that India is the only major nation that will achieve most of the COP 21 climate change goals set for 2030 a full eight years ahead of schedule, Adani Group Chairman Gautam Adani on Wednesday said that climate justice must also mean that the well-being of the developed is not at the expense of […]

Suzlon Energy’s consolidated net loss narrowed to Rs 54.25 crore in the quarter ended March 31, 2021 mainly on the back of higher revenues. The consolidated net loss of the company was at Rs 834.22 crore in the quarter ended March 31, 2020, according to a regulatory filing. Total income rose to Rs 1,141.15 crore […]

Sterling and Wilson Solar Limited on Tuesday reported a consolidated net loss of Rs 344.80 crore for the fourth quarter ended March 2021. The company had clocked Rs 128.59 crore net profit in the year-ago quarter, it said in a BSE filing. The total income of the company in the March quarter stood at Rs […]

Renewable energy companies, solar and wind, with Power Purchase Agreements (PPAs) with the state government, have urged the Andhra Pradesh high court to expedite the hearing on the batch of petitions filed challenging the single judge order. The companies told the high court that they have been facing financial troubles and are on the verge […]

India’s energy demand is expected to improve in July 2021, given the settling down of the second Covid wave and re-opening of commercial establishments, India Ratings and Research (Ind-Ra) said in a report. According to the ratings agency, the demand continued to see a recovery in June 2021 on a year-on-year basis. However, this will […]

In a major relief for the UT administration, the Supreme Court has stayed the Punjab and Haryana high court’s May 28 order in which it had stayed its power privatisation process. The HC order had come on the application filed by Gopal Dutt Joshi, general secretary, UT Powermen Union. The administration had then moved the […]

The Assam power department has collected nearly Rs 12 crore as fine from different stakeholders/ factories/ individuals in the past one month for non-payment of electricity consumption bill. The state has been incurring a loss of around Rs 300 crore every month due to non-payment of electricity consumption bill by various stakeholders/ individuals/ factories and […]

As part of the exercise for reducing high cost of power, the energy department has decided to exit from five expensive power purchase agreements (PPAs) worth 252 megawatt with NTPC. Last Friday, the board of the energy department approved a decision to end the PPAs that were signed in 1994 with a rate of Rs […]

State-run power major NTPC Ltd is aiming to reduces its net energy intensity by 10 per cent by the year 2032. Declaring its ‘energy compact’ goals as part of UN High Level Dialogue on Energy (HLDE), NTPC has also set a target to install 60 GW of renewable energy capacity by 2032. NTPC is among […]

Chairman and managing director (CMD) of public sector SJVN Limited Nand Lal Sharma has said the company had earned a net profit of Rs 1,633.04 crore during the financial year 2020-21 against Rs 1,557.43 crore earned during the previous financial year 2019-20, registering an increase of Rs 75.61 crore. SJVN declared financial results for the […]

Andhra Pradesh has again emerged as an integral part of the Bureau of Energy Efficiency’s (BEE) endeavour to save energy on a large scale in the country. Two districts in the state, along with one in Jharkhand, have been chosen by BEE to map energy intensive sub-sectors of MSME industries to introduce energy efficiency measures. […]

PSEB Engineers’ Association today criticized PSPCL management and Punjab government for the power crisis in the state as they repeatedly ignored their suggestions and took wrong decisions. The association has alleged that due to improper planning, neither sufficient manpower was arranged, nor sufficient material has been procured, and now the claims of management regarding adequate […]