Insular Life (InLife) has inked an agreement with a subsidiary of AC Energy (ACEN) Corporation for PHP1 billion worth of preferred shares in the South Luzon Thermal Energy Corporation (SLTEC) , the corporate vehicle of […]
With an impressive 500 GW target to be achieved by 2030, India’s clean energy sector is headed for rapid growth. At the forefront of this massive green energy transition is the Ministry of New and […]
The central government’s announcement of a 37 GW bidding trajectory for offshore wind power up to 2029-30 could be a potential game changer for the segment. In line with this, the Ministry of New and […]
With 26 years of experience in the generation, transmission and renewable sectors, and having been involved in pioneering technologies such as battery energy storage systems and electric vehicle (EV) solutions, Nilesh Kane aims to deliver […]
Modern business requirements call for upgraded assets that can ensure safety, reliable power supply and continued business operations. Transformer technology has advanced enough to accommodate the changing needs of utilities and improve power system resilience. […]
Transformers are critical equipment for any transmission and distribution (T&D) utility, and play a key role in ensuring consistent electricity flow across long distances. India’s transformation capacity has registered a steady increase over the years […]
GE has announced the brand names of its future companies, which it will create through its planned separation into three industry-leading, global, investment-grade public companies focused on the growth sectors of healthcare, energy and aviation. […]
The Confederation of Indian Industry – Institute of Quality (CII-IQ) awarded the “Responsible Export Organization” compliance certificate to ABB India’s Electrification Distribution Solutions (ELDS) business in April 2022. The certification encompasses all business operations related […]
CyanConnode Holdings plc has announced that over 1 million smart meters are currently communicating on its radio frequency (RF) network in India. CyanConnode has deployed its RF communication infrastructure for smart meters in nine states […]
Tata Power Delhi Distribution Limited (Tata Power-DDL) unveiled a new brand philosophy, “Towards a Greener Tomorrow”, on its 21st raising day. This philosophy is a promise of unwavering commitment on the part of the company […]
Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited, has signed an MoU with Three Wheels United for procurement of 70,000 electric three-wheelers for Indian roads over five years. Three […]
Tata Power will give training to 3,000 youths in the field of renewable energy during 2022-23 through the Tata Power Skill Development Institute. The training will be offered in solar photovoltaic for EV charging, installation […]
The total power generation stood at 145.70 BUs in May 2022. At around 48.82 BUs and 40.28 BUs, the central and state sectors respectively accounted for the major share in conventional power generation. Meanwhile, renewable […]
The electricity traded in the day-ahead market in June 2022 was 4,084.99 MUs at the IEX and 116.20 MUs at PXIL. The average market clearing price range was Rs 3.54 per unit to Rs 10.14 […]
NTPC to raise Rs 50 billion via stake sale in NGEL NTPC Limited is planning to raise Rs 50 billion by selling a stake in NTPC Green Energy Limited (NGEL), a 100 per cent subsidiary […]
In a key recent development in the stressed asset space, mining major Vedanta Limited has acquired Athena Chhattisgarh Power Limited for Rs 5.65 billion to meet its captive power requirements. Athena Chhattisgarh Power currently has […]
The Adani Group has committed $50 billion-$70 billion in investment in the renewables space. The group also aims to become the world’s largest renewables player by 2030. In November 2021, Adani Green Energy Limited (AGEL) and […]
Recently, the Ministry of Power notified the Green Open Access Rules, 2022, lowering the limit for open access transaction from 1 MW to 100 kW for green energy, simplifying the procedure for open access, and enabling faster […]
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