The Dutch development bank FMO has approved an investment of $137 million in Green Growth Equity Fund (GGEF), managed by EverSource Capital and anchored by the governments of India and the United Kingdom. GGEF targets […]
Reportedly, the less industrialised states of Bihar, Chhattisgarh, Uttar Pradesh and Punjab are leading the electricity demand recovery in the country since September 2020. … Power use in these states grew at over 10 per […]
Azure Power Global Limited has signed a binding agreement for sale of its non-core solar rooftop portfolio to Radiance Renewables Private Limited for a total consideration of Rs 5.37 billion subject to purchase price adjustments. […]
ReNew Power has raised $585 million through US dollar-denominated green bonds. … The bonds have a tenor of 7.25 years with a fixed interest rate of 4.5 per cent per annum. ReNew Power plans to […]
NTPC Limited has commissioned the 660 MW Unit-2 of 2 x 660 Tanda Super Thermal Power Station (STPS) Stage-II in Uttar Pradesh. … With this, the total installed capacity of NTPC has reached 65,810 MW. […]
When it comes to channelling the carbon-neutral power of offshore wind, the US is far behind other industrialised nations such as China and Germany. So far, the US has only two operational offshore wind installations, […]
A joint venture (JV) of South Korea-based GS Energy, and Vietnamese asset manager VinaCapitalhas received an investment certificate for the construction of an LNG-to-power complex in Long An province in Southern Vietnam. The project will […]
Tata Power has taken over the management and operations of North Eastern Electricity Supply Company of Odisha (NESCO) from April 1, 2021. The utility will now operate under the company name TP Northern Odisha Distribution […]
ONGC Tripura Power Company Limited (OTPC) has received environmental clearance from the central government to set-up a third 363 MW unit at its combined cycle gas turbine (CCGT) power plant at Palatana, Tripura. … The […]
Nabinagar Power Generating Company Limited (NPGCL) has commissioned the second 660 MW unit at the 3×660 MW Nabinagar Super Thermal Power Project (TPP) in Bihar. … NPGCL is a 50:50 joint venture between NTPC Limited […]
The central government has asked the state electricity regulatory commissions (SERCs) to issue tariff orders of distribution licensees before April 1 of the tariff year and report compliance to the Ministry of Power by May […]
The Ministry of Environment, Forest and Climate Change (MoEFCC) has issued the Environment (Protection) Amendment Rules, 2021, under which it has extended the timelines for complying with the emission norms by coal-based thermal power plants […]
Italy-based Prysmian Group hassecured the contract from RWE Renewables for developing high-voltage direct current (HVDC) cable for the 1.4 GW Sofia offshore wind farm project in the United Kingdom. … As per the contract, Prysmian […]
Power Finance Corporation (PFC) as lead financial institution and PNB as co-lender of the consortium has successful completed the resolution of Jal Power Corporation Limited’s (JPCL) 4×30 MW Rangit-IV Hydroelectric Project in Sikkim. … The stressed project has […]
NTPC Limited has completed the first 5 MW block at the upcoming 25 MW floating solar photo voltaic (PV) project at Simhadri in Andhra Pradesh. … The remaining work is expected to be completed by […]
The annual electricity demand in India fell for the first time during2020-21in at least 35 years. The decline in power demand was mainly due to the Covid-19 pandemic-induced lockdown across the country, which had resulted […]
The Ministry of New and Renewable Energy (MNRE) has clarified that the extension provided in the date of commissioning for renewable energy (RE) projects should not be more than 6 months, including the five-month blanket […]
Power Finance Corporation Limited (PFC) and REC Limited have reducedlending rates by up to 2 percentage points from April 01, 2021. … This aims to ensure competitive rates, in line with the rates being offered […]
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