The Central Electricity Regulatory Commission (CERC) has notified that the CERC (Sharing of Inter-State Transmission Charges and Losses) Regulations, 2020 will be effective from November 1, 2020. The regulations were notified in May 2020. The […]
Power Exchange of India Limited (PXIL), promoted by NSE and NCDEX, believes that a competitive marketplace will thrive under a single price discovery of electricity traded in two or more exchanges by a mechanism of […]
Danske Commodities, oil and gas major Equinor’s power trading arm, has signed a 15 year power purchase agreement for Britain’s Dogger Bank offshore wind farm. Dogger Bank, located 130 km off the coast of Yorkshire […]
Larsen & Toubro (L&T) is set to execute the 120 MW Lower Kopili hydro-electric project in Assam. The heavy civil infrastructure business of L&T Construction has started mobilising resources for the project for Assam Power […]
NTPC Limited reported a 5.10 per cent year-on-year decrease in its standalone net profit to Rs 24.70 billion during April-June 2020, compared to Rs 26.02 billion in the same quarter of the previous year. The […]
Sterlite Power has sold its 14.7 per cent stake held in India Grid Trust (IndiGrid) for Rs 8.40 billion at a unit price of Rs 98 to institutional and high net worth individual (HNI) investors. […]
Vena Energy Renewables and JSW Solar emerged as the first and second lowest bidder in a 2.5 GW wind auction conducted by the Solar Energy Corporation of India (SECI). The two players won 160 MW […]
SJVN Limited had bagged a 100 MW solar project in Dholera Solar Park, Gujarat at a tariff of Rs 2.80 per unit on a build-own- operate basis. The tentative cost of construction/development of this project […]
NTPC has developed infrastructure at the Rihand project in Uttar Pradesh to transport fly ash in bulk to cement plants, located at distance, at a cheaper cost. The development is in line with NTPC’s commitment […]
Vestas has secured an additional 50 MW order for the second phase of the Hoa Binh 1 wind farm in Vietnam. With this, the company has more than 1 GW of projects installed or under […]
Cambodia’s the Royal Group has secured 168.8 hectares of land in Koh Kong’s Botum Sakor National Park under a leasing agreement to develop a 700 MW coal power plant. According to the National Assembly’s approved […]
Gujarat-based power producer, KPI Global has been sanctioned a Rs 1.07 billion loan from Power Finance Corporation (PFC) for its 35 MW solar projects. Of the approved funding, KPI will use Rs 315 million to […]
Larsen & Toubro (L&T) has won significant contracts for its T&D businesses in India and abroad, including contracts for 400 kV and 200 kV transmission systems. It has received an order from Power Grid Corporation […]
Power Finance Corporation (PFC) reported a 23 per cent rise in consolidated net profit at Rs 35.57 billion during April-June 2020, compared to Rs 29 billion in the same quarter of the previous year. Its […]
The Ministry of New and Renewable Energy (MNRE) has granted a 30-day extension beyond the lockdown period for renewable energy (RE) projects. In addition, this would be a blanket extension i.e. there will be no […]
Sinohydro Bureau 8, a subsidiary of state-owned company PowerChina, has commissioned the 1.6 GW Datengxia hydropower project. The project is located on the left bank of the Qianjiang River, a tributary of the West Pearl […]
Greece’s Public Power Corporation (PPC) has finalised a deal to sell off unpaid bills to investment bank JP Morgan that will raise about Euro 200 million ($235 million). About Euro 2.7 billion of electricity bills […]
The Andhra Pradesh state government is planning to set up energy conservation cells (ECC) in all its departments to promote efficient use of energy at all levels and achieve energy security along with economic, environmental […]
Tata Power’s consolidated profit after tax (PAT) after exceptional items reported a 10 per cent increase at Rs 2.68 billion for the June 2020 quarter, as compared to Rs 2.43 billion in April-June 2019. The […]
The Jharkhand State Electricity Regulatory Commission (JSERC) has directed to reduce the rate of late payment surcharge (LPS) to 12 per cent per annum. JSERC has relaxed provisions of the JSERC (terms and conditions for […]
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