Reliance Industries Limited (RIL) has entered into definitive agreements with SenseHawk Inc. (SenseHawk) for acquiring 79.4 per cent stake of SenseHawk, through primary infusion and secondary purchase, for a total consideration of USD 32 million. […]
Servotech Power Systems Limited has bagged a large-scale, state-spanning grid-interactive rooftop solar power plant project from Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). The project involves building 4.1 MW of solar power plants […]
India’s overall coal production has increased by 8.27 per cent to 58.33 million tonne (mt) during August 2022 as compared to 53.88 mt during August 2021. As per the provisional statistics of the Ministry of […]
Bharti Airtel has launched a pilot venture in partnership with TP Northern Odisha Distribution Limited to offer bill payment options to over two million registered consumers of the utility. The initiative will mobilise the 4,000 […]
The Andhra Pradesh State Investment Promotion Board (SIPB) has approved various investment proposals worth Rs 1.26 trillion. Of the total, Rs 810 billion would be invested on green energy projects that would generate 17,930 MW […]
Egyptian electrical company Elsewedy Electric Co S.A.E has recently announced that its subsidiary Elsewedy Electric for Trading and Distribution has signed two new contracts worth EGP1.1 billion with the state-owned utility, Egyptian Electricity Transmission Company […]
Shivanand Nimbargi, MD and CEO of Ayana Renewable Power, believes that India is well positioned to become a leader in renewables and emerging technologies, and achieve its net-zero goals. But for this, it needs conducive […]
By Sarang Kanchan, Associate Partner, Takshashila Consulting; and Arun Kanchan, Former Director and CEO, BSES Rajdhani Power Limited and BSES Yamuna Power Limited India’s urban population currently accounts for around 35 per cent of its […]
In a major development, the Electricity (Amendment) Bill, 2022 was introduced in the Lok Sabha on August 8, 2022. The bill proposes crucial amendments to the Electricity Act, 2003, the principal act governing the Indian […]
Sembcorp Industries has announced that its wholly-owned subsidiary Sembcorp Utilities (SCU), has entered into a share purchase agreement to sell 100 per cent of the shares of Sembcorp Energy India Limited (SEIL) to Tanweer Infrastructure […]
KPI Green Energy is developing a hybrid power project of 16.10 MW (comprising of 16.10 MW wind and 10 MWdc solar capacity) at Bhungar site in Mahuva, at Bhavnagar, Gujarat under the Gujarat hybrid power […]
Reliance Power Limited along with its subsidiary has entered into a indicative memorandum of understanding with investment firm Varde Partners for availing debt of up to Rs 12 billion. The proceeds will be used for […]
Reliance Industries Limited (RIL) is planning to set up captive offshore wind power projects with up to 5 MW capacity initially, and increase later. The projects are likely to come up in Gujarat. In October […]
Olectra Greentech Limited has received a letter of award from Assam State Transport Corporation for 100 electric buses. The value of these 100 buses supply would be approximately Rs 1.51 billion for Olectra. It is […]
UAE-based renewable energy developer Masdar has announced that it has achieved financial close on the 500 MW Zarafshan wind project in Uzbekistan. This is a utility-scale wind farm. Masdar had entered into bilateral agreements with […]
NTPC, India’s largest energy conglomerate, has established itself as the dominant power major in the country, with a presence across the entire power generation value chain. The company has a large capacity base of over […]
Thermal power is a key contributor to the country’s generation capacity, accounting for a major 58 per cent share in the total installed base. The thermal capacity of 236 GW is the mainstay for meeting […]
NTPC Limited has demonstrated an increasing trend in coal production from its captive mines. The coal production in this fiscal year till Aug 2022, was 7.36 million tonne (mt), posting a robust growth of 62 […]
Virescent Renewable Energy Trust (VRET or Virescent), a renewable energy platform backed by the leading global investment firm KKR in India, is in advance stages of discussions for acquisition of around 100 MW power (MWp) […]
SJVN Limited has evinced interest to develop 5,000 MW of renewable energy projects in Punjab. SJVN has proposed to develop 5,000 MW of renewable energy projects through solar energy projects, canal top solar projects and […]
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