Ambassador of India to United Nations T S Tirumurti has expressed happiness over co-hosting a special event at the United Nations HLDE 2021 on India’s efforts to achieve the 2030 agenda. The event held on June 23 – Accelerating Citizen-Centric Energy Transition – was co-hosted with the Ministry of New and Renewable Energy (MNRE) at […]
Category: Power
Power
Haryana: ‘Inverter-free’ target gets reality check as power cuts trouble Gurugram
The Haryana government has promised to make Gurugram ‘inverter-free’ but for residents and industry owners bearing the brunt of long and frequent power outages and voltage fluctuations, this seems like a distant dream. Earlier this month, state power minister Ranjit Singh announced that the government is planning to develop Gurugram and Panchkula into model cities […]
Triton Electric Vehicle to set up Rs 2,100 crore manufacturing facility in India
Triton Electric Vehicle Pvt Ltd on Thursday entered into a MoU with the Telangana government for setting up a manufacturing unit for electric vehicles at the National Investment & Manufacturing Zone at Zaheerabad. Principal Secretary for IT and Industries Jayesh Ranjan and Triton Electric Vehicle Pvt Ltd India development head M Mansoor signed the MoU […]
Tamil Nadu power sector companies incurred Rs 13,000 Cr loss: CAG
Increased power purchase, coal handling, financing and employee costs has resulted in the five Tamil Nadu state power sector companies incurring a loss of about Rs 13,176 crore, said the Comptroller and Auditor General (CAG) in its report for 2018-19. According to the report tabled in the Assembly the Tamil Nadu Generation and Distribution Corporation […]
PTC board approves acquisition of consulting biz of IL&FS Energy Development Co
PTC India said its board on Thursday approved the acquisition of the energy consulting business of IL&FS Energy Development Company. However, it did not disclose the value of the deal. “PTC India Limited’s Board in its meeting held on 24th June, 2021 has approved a Letter of Intent (LoI) dated 17th June 2021, for acquisition […]
Goa: Mormugao to get two more biogas plants
Mormugao Municipal Council (MMC) plans to generate more electricity from treating wet waste after the successful trial of the bio-methanation plant installed by BITS-Pilani in 2019. The municipality has now decided to tender work for two more biogas plants which are likely to be set up in the next six months. MMC chairperson Damodar Kaskar […]
US bans imports of solar panel material from Chinese company
The Biden administration on Wednesday ordered a ban on U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over forced labor allegations, said two sources briefed on the matter. The XPCC, a paramilitary organization sent to Xinjiang in the 1950s to build farms and settlements, remains powerful in the region’s […]
Essar Power Hazira net zooms 113 pc to Rs 128 cr in FY21
Essar Power arm Essar Power Hazira has posted a 113 per cent rise in its net profit at Rs 128.63 crore for the financial year ended March 31, 2021. Essar Power Hazira had posted a net profit of Rs 60.44 crore in fiscal year 2019-20, according to a company statement. The total income of the […]
Delhi yet to meet its 2022 solar power target, 7 per cent achieved so far
Delhi is well behind its 2022 solar power target of 2,762MW of installed solar panels, having met an abysmal 7 per cent of the target so far. The analysis by the Centre for Science and Environment as part of its State of India’s Environment 2021 report says this is also significantly behind the national average […]
Gujarat govt announces policy to promote electric vehicles
Gujarat Chief Minister Vijay Rupani on Tuesday announced the ‘Gujarat Electric Vehicle Policy 2021’ which, according to him, has been designed to see at least two lakh electric vehicles on the state roads in the next four years. To encourage people to turn to e-vehicles, the state government would provide subsidies ranging from Rs 20,000 […]
Govt, industry need to ensure regulations don’t hamper investment: Power Secy
The government and industry must work together to ensure existing regulations are not unnecessary barriers to investment, Union Power Secretary Alok Kumar said on Tuesday. He was speaking at a virtual two-day BRICS Green Hydrogen Summit, anchored by state-run power giant NTPC. “Government and industry must work together to ensure existing regulations are not an […]
GE Power India posts 8 per cent rise in March quarter profit to Rs 16 cr
GE Power India on Tuesday posted a nearly 8 per cent increase in consolidated net profit to Rs 16.02 crore for the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 14.87 crore in the same quarter of the previous fiscal, it said in a […]