New Delhi: The interview for one of the most sought after posts in the country – chairman and managing director (CMD) of the transmission giant Power Grid Corporation will start on Friday. The committee for public sector appointments, Public Enterprises Selection Board (PESB) will shortlist and declare the successful candidate by Friday evening from around […]
Category: Power
Power
Germany to give 1 bn euro loan to India for strengthening power sector
New Delhi: Minister of State (Independent Charge) for Coal, Power and Renewable Energy Piyush Goyal has said that a development bank owned by the German government, the Kreditanstalt fur Wiederaufbau (KfW), has agreed to provide a concessional loan of a billion euros over the next six years to augment and strengthen the nation’s renewable power […]
600-MW Kameng hydel project water feeding project completed
ITANAGAR: The 600-MW Kameng Hydro Electric Project that envisages an annual generation of 3353 MU of electricity is now stated to be ready with completion of the 14.47 km long Head Race Tunnel (HRT) on Monday. The 10-year-old project, that started in February 2005, is now completed with the HRT able to feed water to […]
REConnect Energy launches online renewable energy marketplace
PUNE: REConnect Energy Solutions, a renewable energy consultancy and sourcing firm, has launched an online marketplace for power consumers and generators to buy and sell green electricity. The marketplace, clickpower.in, will enable open access customers to explore options to buy green electricity from various energy generators by monitoring real-time deals. “In the renewable energy sector […]
Government discontinues subsidy scheme for green energy
KOLKATA: The Narendra Modi government may be quite vocal when it comes to its commitment towards clean energy, but when reality bites, it is seen as taking a back seat. The tight finances have forced the government to silently discontinue one of its key subsidy schemes promoting renewable energy. The share of solar power within […]
BHEL disinvestment likely in April; may fetch Rs 3,200 cr
New Delhi: The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16. Official sources said the Disinvestment Department has completed overseas roadshows for BHEL stake sale in London, Singapore and Hong Kong. […]
Welspun to source 100 MW solar module from Solar Frontier
New Delhi: Welspun Renewables Energy Pvt Ltd today said it has signed an agreement with Japan’s Solar Frontier for sourcing 100 Megawatt thin-film solar module. “Solar Frontier’s CIS modules will be used in Welspun Renewables’ upcoming solar power projects in India at sites with high levels of solar irradiation,” the company said in a statement […]
Tata Power commissions 2nd unit of Dagachhu project in Bhutan
New Delhi: Tata Power has successfully commissioned the second unit of 63 MW of its 126 MW Dagachhu hydro power project in Bhutan. “The project has achieved full commissioning and clean power generated by this plant will be sold to India, thereby helping reduce carbon emission,” Tata Power said in a filing to the BSE. […]
PwC hired as consultant for solar energy scale-up plan
NEW DELHI: Government today said PricewaterhouseCoopers has been engaged as a consultant for formulation of a plan to scale up solar energy in the country. “PricewaterhouseCoopers (PwC) Pvt Ltd has been engaged as a consultant for formulation of solar energy scale up plan,” Power Minister Piyush Goyal said in a written reply to the Rajya […]
India 3rd least efficient coal-fired power generating nation: Report
NEW DELHI: Chinese and US companies generate power through “least efficient and most polluting form of coal-fired generation”, followed by Indian firms at the third position globally, says a report. According to a research by Stranded Assets Programme at the University of Oxford, 39 per cent of total global “sub-critical” capacity is located in China, […]
NTPC issues largest ever bonus debentures worth Rs 10,307 cr
New Delhi: NTPC, the state owned thermal power giant issued bonus debentures worth Rs 10,306.83 crore – the largest ever by any Indian company. It is also the first public sector company to adopt this innovative instrument to reward the shareholders, said the company’s executives. After the shareholders’ approval for the scheme of arrangement to […]
China, India drive global energy needs: Ex-OPEC official
DUBAI: The global energy industry has seen huge demand from two fast-growing major economies – China and India – even as consumption dropped in Europe. “These two countries have launched themselves to a high growth zone,” said Abdullah bin Hamad al-Attiyah President of the Administrative Control and Transparency Authority ( ACTA). “Take the case of […]