Category: Power

India’s power consumption growth remained subdued at 1.4 per cent to 129.89 billion units (BU) in March as compared to the year-ago period mainly due to pleasant weather, according to government data. In March 2023, power consumption stood at 128.12 BU, lower than 128.47 BU recorded in the same month a year earlier, the data […]

In the first collaboration between rival billionaires, Mukesh Ambani’s Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants’ 500 MW of electricity for captive use. Reliance will pick up 5 crore equity shares in Mahan Energen Ltd, […]

India on Friday renewed the agreement to export electricity to Nepal as per the Himalayan nation’s request two days before the expiry of the pact on March 31, an official said. “We have received the notification about the renewal of the agreement to export electricity to Nepal until June end,” Chandan Ghosh, Nepal Electricity Authority […]

Adani Green Energy on Friday announced the beginning of the operation of its 775 megawatt solar power projects in Khavda, Gujarat. The capacities have been operationalised after securing relevant clearances, Adani Green Energy Ltd (AGEL) said in an exchange filing. Adani Green Energy through its various wholly-owned stepdown subsidiaries has operationalised an aggregate 775 MW […]

Massachusetts, Rhode Island and Connecticut received proposals Wednesday for offshore wind projects as the three East Coast states hope to boost their reliance on the renewable energy source. The three states joined in a historic agreement that allows for potential coordinated selection of offshore wind projects. Massachusetts received bids from Avangrid Renewables, South Coast Wind […]

In calendar year (CY) 2023, the country added 20.8 gigawatts (GW) of solar modules and 3.2 GW of solar cell capacity, according to the recently released report. It added that solar module manufacturing capacity is projected to surpass 150 GW, and cell capacity is expected to reach over 75 GW by 2026. India’s solar module […]

Adani Power on Thursday said it consolidated different short-term loan facilities worth Rs 19,700 crore availed by the company’s six special purpose vehicles into a single long-term debt. The revised arrangement will help the company benefit from a uniform tenure and reduce effective interest rate, Adani Power said in a regulatory filing. The company said […]

Reliance Power on Wednesday said its two subsidiaries have settled debt worth Rs 1,023 crore with Authum Investment’s arm Reliance Commercial Finance. Reliance Power Ltd’s two subsidiaries — Kalai Power Pvt Ltd and Reliance Cleangen Ltd, have signed a debt settlement and discharge agreement with Reliance Commercial Finance Ltd (RCFL), a wholly-owned subsidiary of Authum […]

Japanese carmaker Nissan Motor plans to introduce its e-power hybrid technology car in Tunisia, its Africa head said on Tuesday, as part of plans to test demand in the African market for electric vehicles. Africa is the world’s last remaining automotive frontier due to the low level of vehicle ownership. According to Nissan, elsewhere in […]

Adani Green Energy Limited (AGEL) on Wednesday announced that it has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), it stated. The 180 MW solar plant, the company added, will produce approximately 540 million […]

Billionaire Gautam Adani’s group is building the world’s largest renewable energy park in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from solar energy. Speaking at the opening of ‘Energy Revolution: The Adani Green Energy Gallery’ at the Science Museum in London, Gautam Adani said his group’s renewable energy arm, […]

There has been a reduction of 36.69 per cent in the volume of coal imported for blending by thermal power plants, amounting to 19.36 million tons (MT) during April 2023 to January 2024, compared to the same period of the previous year, the Coal Ministry said on Friday. This reduction in imported coal for blending […]