Singapore-based Sembcorp is looking at acquisitions of solar and wind energy projects in India as it chases a strategic goal to shift its portfolio from brown to green by quadrupling renewable energy capacity. Sembcorp, which has invested about Singapore dollar 6.5 billion (about Rs 35,000 crore) in electricity-generating projects in India, is open to buying […]
Category: Power
Power
Rise in imported solar module prices to impact project returns: ICRA
The increase in imported photovoltaic (PV) solar module price level by about 15-20 per cent over the past four-five months, to about 22-23 cents per watt as on date, is expected to impact returns of solar power project developers, according to ratings agency ICRA. It said that this price rise has been mainly driven by […]
GM to supply electric batteries, hydrogen fuel cell systems for Wabtec locomotive
General Motors Co will supply electric batteries and hydrogen fuel cell systems for rail supplier Wabtec Corp’s locomotives, in a move extending the No. 1 U.S. automaker’s reach outside the automotive sector. Wabtec, based in Pittsburgh, is developing locomotives powered by electric batteries and hydrogen fuel cells in response to rail industry demand to eliminate […]
Wartsila to set up 30-MW power plant for Oil India in Assam
Wartsila on Tuesday said it has won an award from Oil India (OIL) to set up a 30 megawatt (MW) power plant in Assam, once operational it will be one of the main sources of power for OIL’s facility at Duliajan, which does not have connection to the grid. The power plant is scheduled to […]
SJVN inks pact with National Institute of Wind Energy for energy projects
State-owned SJVN Ltd has signed a pact with National Institute of Wind Energy (NIWE) to develop solar and wind energy projects. SJVN has entered into a memorandum of understanding (MoU) with the Institute for ‘technical consultancy services’ for development of solar, wind, hybrid (wind and solar) and hybrid (wind, solar and battery storage) energy projects […]
NHPC, BSHPC sign pact to set up 130.1-MW hydro power project in Bihar
State-owned NHPC on Monday signed a pact with Bihar State Hydroelectric Power Corporation (BSHPC) to implement a 130.1-megawatt (MW) Dagmara hydroelectricity project in Bihar. Speaking on this occasion, Power Minister R K Singh said hydropower is important in the background of climate change and in the shift from fossil to non-fossil fuel for future generation. […]
Industries in Madhya Pradesh want proposed power hike dropped
The cost of taking new electricity connection, electrification in colonies and shifting of connection among other services are all set to go up by around 70 per cent following a proposal by Madhya Pradesh Electricity Regulatory Commission, upsetting industries urging to rollback the proposed hike. The proposed hike in the middle of the pandemic has […]
Delhi govt approves single-window facility to facilitate expansion of EV charging infrastructure
The Delhi government on Monday approved a single-window facility to facilitate the rapid expansion of charging infrastructure for electric vehicles at private and semi-public places like apartments, group housing societies, hospitals, malls and theatres in the national capital. The decision was taken during a meeting of the Delhi government’s Charging Infrastructure Working Group chaired by […]
Reliance Power to raise Rs 1,325 cr from R-Infra via preferential allotment
Anil Ambani-led Reliance Power will raise Rs 1,325 crore by issuing preferential shares and warrants to its parent Reliance Infrastructure. The company said its board of directors has approved preferential issue of upto 59.5 crore equity shares and upto 73 crore warrants convertible into equivalent number of equity shares at an issue price of Rs […]
IREDA invites bids from module manufacturers for Rs 4,500-cr solar PLI
The Indian Renewable Energy Development Agency (IREDA), a public sector undertaking (PSU) under the Ministry of New & Renewable Energy (MNRE), on Friday, invited bids for setting solar manufacturing units under the Centre’s Rs 4,500 crore Production Linked Incentive (PLI) scheme. The Centre had approved the scheme to boost domestic manufacturing of solar Photo Voltaic […]
Reliance Power board to mull fundraising via equity issue on June 13
Reliance Power’s board will consider raising long-term funds through equity shares or equity-linked instruments in a board meeting on Sunday, a week after group company Reliance Infrastructure announced its fundraising plan. Reliance Power did not disclose the amount that it plans to raise. “A meeting of the board of directors of the company will be […]
India’s wind power sector wants rival solar to help drive growth
India’s struggling wind power industry is looking to its clean energy rival for help emerging from a pandemic-induced slump. About half of the 20 gigawatts of wind power the nation is expected to add through 2025 will come in the form of hybrid projects that combine turbines with solar panels, according to a new report […]