Editorial
September 2020
If Covid-19 was a test, the Indian power sector passed it. Along with telecom, it has played a crucial role in keeping the economy operational and the lights on during the pandemic. There have been […]
Month: September 2020
International News
Australia’s Fortescue unit enters deal to assess hydro projects
A unit of Fortescue Metals Group would work with the Papua New Guinea (PNG) government to assess the feasibility of potential projects to develop hydro-power resources. The deal between Fortescue Future Industries, the PNG government […]
International News
BHP signs renewable PPA with CleanCo for its Queensland coal mines
Australian global mining giant BHP has signed a renewable power purchase agreement (PPA) with CleanCo to help cover some of the electricity used across its Queensland (QLD) Coal mines. BHP inked the PPA, which utilises […]
Central Sector
Railways completes solar power installations at 960 stations
The Indian Railways has completed the task of installing solar power plants at 960 stations. Further, it has ordered solar power panels for 550 more stations, in a move to achieve the objective of 100 […]
Private Sector
CG Power board approves Rs 1 billion additional infusion by Tube Investment
The Board of CG Power and Industrial Solutions has approved the offer of additional investment of Rs 1 billion by Tube Investments. As per CG Power, it had received a letter dated August 30 from […]
Private Sector
RattanIndia Group sells solar assets to GIP for Rs 16.70 billion
RattanIndia Group has sold its solar plants with a combined capacity of 306 MW to Global Infrastructure Partners (GIP) for about Rs 16.70 billion. RattanIndia Group’s solar assets portfolio of 306 MW comprises ground mounted […]
Central Sector
Overall electricity demand is at 96-98 per cent of pre-Covid level: ICRA
According to ratings agency ICRA, the all India electricity demand is witnessing a gradual recovery and stood at over 96 per cent of the pre-covid level in July 2020 and further improved to close to […]
Private Sector
Tata Power signs pact with Tata Motors to commission India’s largest carport at Pune
Tata Power has signed a power purchase agreement (PPA) with Tata Motors to commission India’s largest Carport. With 6.2 MWp capacity, the project is expected to reduce 160,000 tonnes of carbon emission for Tata Motors […]
Central Sector
CIL reports 55 per cent drop in net profits for quarter ended June 2020
Coal India Limited (CIL) reported a 55 per cent drop in its net profit for the quarter ended June to Rs 20.79 billion compared to a net profit of Rs 46.29 billion in the same […]
International News
Botswana to add 600 MW of coal-fired and solar power by 2026
Botswana plans to add more 600 MW of solar and coal-fired power in the next six years as the country looks to wean itself off imports while also eyeing power exports. Botswana currently has national […]
Central Sector
NTPC to seek shareholders’ nod to raise up to Rs 150 billion via bonds
NTPC plans to seek shareholders’ nod to raise up to Rs 150 billion through issuance of bonds in the annual general meeting (AGM) scheduled for next month. The funds are proposed to be raised on […]
State Sector
Land acquisition process for Kutch hybrid energy park expedited
The Gujarat government has paved the way for setting up of the ambitious solar and wind parks project in Kutch district by expediting the process of land acquisition for the hybrid energy park. About 60,000 […]
Central Sector
CIL to invest over Rs 1,220 billion by 2023-24
Coal India Limited (CIL) will invest over Rs 1,220 billion by 2023-24 to achieve the one billion tonnes of fuel output target. Out of the proposed investment, CIL has planned to invest Rs 326.96 billion […]
Reforms and Regulations
Union power minister launches green term ahead market
The union minister launched the pan-India green term ahead market (GTAM) for electricity on September 1, 2020 through video conferencing. The move is expected to lead to an increase in the participants in the renewable […]
International News
Hitachi ABB Power Grids secures three-year contract from GCCIA for RelCare solution
Hitachi ABB Power Grids has entered into a three-year agreement with the Gulf Cooperation Council (GCC) Interconnection Authority (GCCIA) for the use of the former’s new reliability-based service solution— RelCare, which will remotely monitor the […]
Central Sector
Nepal exports electricity worth NPR 1 billion to India in 2019-20
According to a report published by the Nepal Electricity Authority (NEA), Nepal has exported electricity worth NPR 957 million to India in 2019-20. Nepal had set a target of selling 90 million units of electricity […]
Private Sector
L&T completes divestment of electrical, automation business to Schneider
Larsen and Toubro (L&T) has completed the strategic divestment of its electrical and automation business to Schneider Electric. With this move, India will become third largest country in terms of revenues for Schneider Electric. L&T […]
Central Sector
NHPC reports 13 per cent decline in net profits in April-June 2020 quarter
NHPC has reported over 13 per cent dip in its consolidated net profit to Rs 8.55 billion for the quarter ending June 2020 due to a rebate of Rs 1.85 billion given to discoms in […]
Private Sector
Indigrid acquires GPTL project from Sterlite Power for Rs 10.8 billion
IndiGrid has completed acquisition of Gurgaon Palwal Transmission Limited (GPTL) transmission project from Sterlite Power at an enterprise value of Rs 10.80 billion. With the acquisition of GPTL for an enterprise value of Rs 10.80 […]
Central Sector
DBT to be provided through consumer accounts with discoms
The government is reportedly working towards initiating direct benefit transfer (DBT) in the power sector by making payment of subsidy into the accounts of consumers maintained by discoms and not directly into their bank accounts. […]