With nearly one-fifth of the world’s population spread disparately between large urban centers and rural areas, providing electricity to every corner of India continues to be a tremendous challenge. Indian distribution companies (discoms) plan to […]
Australian government has decided to fast track approvals for the A$22 billion ($16 billion) project to supply solar power to Singapore via the world’s longest subsea high voltage cable, a move to boost recovery from […]
The Japan Wind Power Association aims to expand the country’s offshore wind power installed capacity to 10 GW in 2030 and 30-45 GW in 2040. Offshore wind power currently provides only a small fraction of […]
Reliance Power and Japan-based JERA Co Inc, which are developing a new gas-fired power generation project in Bangladesh, have signed a loan agreement for full financing totaling $642 million. The loan has been signed with […]
Ministry of Power (MoP) has issued guidelines for the procurement of round-the-clock (RTC) power from grid-connected renewable projects complemented with power from thermal power projects. As per the guidelines, the generator shall supply despatchable renewable […]
REC Power Distribution Company Limited (RECPDCL) has directed removal of to a Chinese sub-contractor in a smart metering project being implemented in Jammu and Kashmir. RECPDCL had awarded a project for installation of 115,500 smart […]
The MoP has issued an order mandating that tenders for 110 equipment and works for power plants can be awarded only to local companies with high localisation. The central government will bar non-local suppliers, i.e. […]
The Singareni Collieries Company Limited (SCCL) has commissioned a 30 MW solar power plant at Manuguru in Telangana. This is part of the 129 MW solar plants planned by SCCL in the first phase. Earlier, […]
By: Mohamed Al Ahmedi, CEO Ducab Metals Business COVID-19 has caused global disruption across all industries. The metals sector is no exception, with the pandemic having impacted all aspects of the supply chain – from […]
The financial and operational performance of state power utilities continues to be an area of concern for the power sector. The performance of power distribution utilities has been worrisome in particular, with mounting book losses, […]
Power Finance Corporation (PFC) Limited has signed a memorandum of association (MoA) with Indian Institute of Technology- Kanpur (IIT-K) for training, research, and entrepreneurship development in smart grid technology. Under the MoA, PFC will provide […]
Canadian pension fund, Ontario Municipal Employees’ Retirement System (OMERS) has acquired a 19.9 per cent stake in Australian electricity transmission company TransGrid from Kuwait’s Wren House Infrastructure Management. OMERS and TransGrid did not disclose financial […]
Sembcorp Energy India Limited (SEIL) has became the first independent power producer to commission its projects in the first three wind auctions held by the Solar Energy Corporation of India (SECI), by commissioning projects with […]
The Odisha government has decided to extend necessary financial guarantee support to GRIDCO (Grid Corporation of Odisha) as the demand for power had dipped by 14 per cent during the lockdown period from March to […]
NTPC Limited will raise Rs 10 billion on July 31, 2020 through issuance of unsecured non-convertible bonds in the nature of debentures, on a private placement basis. The coupon rate for the bonds will be […]
 According to ICRA, even without Covid-19, India would have missed its intended renewable energy capacity of 175 GW target by over 50 GW. The missed execution for  2020-21 due to the pandemic is pegged at […]
Adani Power acquires AES’s stake in OPGC Adani Power Limited (APL) has signed a definitive agreement to acquire 49 per cent stake in Odisha Power Generation Corporation (OPGC) from the US-based AES Corporation (AES) for […]
Poland’s biggest coal producer PGG has started talks with trade unions on a package of mine closures and pay cuts, measures the company said were designed to help it overcome the effects of the coronavirus […]
Singapore’s Senoko Energy has launched a pilot project to introduce peer-to-peer (P2P) trading of renewable energy in collaboration with ELECTRIFY and ENGIE Factory, the venture arm of France-based utility ENGIE. The initiative offers households and […]
The sale of renewable energy certificates (RECs) declined by 50 per cent to 0.35 million units in June 2020, compared to 0.70 million certificates sold in the same month in 2019. A total of 0.23 […]
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