Power Finance Corporation Limited (PFC) has recorded a consolidated total income of Rs 192.15billion for the quarter ended December 2021, an increase of 4.2 per cent from Rs 184.42 billionrecorded in the same quarter of […]
Ayana Renewable Power Private Limited (Ayana) has partnered with Greenko Group to store 6GWh power in hydro pump storage plants that Greenko is building at Pinnapuram in Andhra Pradesh. … The arrangement will provide round-the-clock […]
ABB’s electric charging business has laid out a capex plan to spend $750 million on expanding its operations after its flotation later this year. … The cash will be used to fund acquisitions and organic […]
The Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) has applied for wildlife clearance from the standing committee for National Board for Wildlife (NBWL) to build a 500 MW hydroelectric project (HEP) inside the buffer […]
KS ORKA Renewables Private Limited has signed a share purchase agreement to acquire 100 per cent of the shares of Inter Investment Private Limited, subject to fulfilment of the conditions precedents. The acquisition is worth […]
GE Power India Limited has recorded a consolidated total income of Rs 7.98billion for the quarter ended December 2021, a decrease of 30.17 per cent over Rs 11.43billion recorded in the same quarter of previous […]
Reliance Power Limited has recorded a consolidated total income of Rs 18.59 billion for the quarter ended December 2021, a decrease of 7.4 per cent over Rs 20.07 billion recorded in the same quarter of […]
Reliance Industries Limited (RIL) has completed the acquisition of a 40 per cent equity stake in Shapoorji Pallonji Group’s Sterling and Wilson Renewable Energy Limited (SWREL) RIL’s subsidiary, Reliance New Energy Limited (RNEL) has acquired […]
Torrent Power Limited has entered into a share purchase agreement with Blue Daimond Properties Private Limited and Balrampur Chini Mills Limited for the acquisition of 100 per cent equity share capital of Visual Percept Solar […]
The union minister for power and new and renewable energy has chaired a virtual meeting with states and union territories (UTs) to discuss their role towards energy transition goals of India. The meeting was in […]
Following up on the launch of the National Hydrogen Mission, the power ministry has notified the first phase of India’s Green Hydrogen Policy, introducing several measures to ease adoption and promote green hydrogen/ ammonia manufacturing. […]
Saudi Arabia has planned to build a USD500 billion futuristic city called Neom, for which the first tender, said to range between 400 MW to 800 MW, to build a renewable power grid is expected […]
Hitachi Energy India Limited has recorded a total income of Rs 11.38billion for the quarter ended December 2021, an increase of 9per cent over Rs 10.44billion recorded in the same quarter of previous year. The […]
Delhi government has decided to build electric vehicle (EV) charging stations at all government offices in the national capital. According to the order issued by the Delhi government, all departments under it must identify suitable […]
THDC India Limited has signed a letter of intent (LoI) for establishment of 10 GW renewable energy (RE)parks/projects in Rajasthan with an estimated investment of Rs 400 billion. The land bank will be allocated by […]
NHPC Limited has signed a letter of intent (LoI) with Rajasthan Renewable Energy Corporation Limited (RRECL) to develop 10 GW renewable energy projects/parks in Rajasthan The development of 10 GW renewable energy parks/projects in Rajasthan […]
India targets to increase coal production to 1.2 billion tonne by 2023-24. The central government has implemented a number of steps to enhance the production of coal in the country. These include commercial auction of […]
The power sector is poised to make a transition to clean energy, and Kush Singh, chief executive officer (CEO), Essar Power Limited, looks forward to being a part of that change. As the sector steps […]
At the 26th Conference of the Parties (CoP) that took place in 2021, India committed to reducing the energy intensity of its economy by 33-35 per cent in 2030 compared the 2005 levels. Cogeneration and […]
Smart Power India’s partner, Husk Power Systems, has secured the largest ever debt finance to construct 140 mini-grids in rural India. An amount of $4 million has been received from the Indian Renewable Energy Development […]
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