By 2040, India will be responsible for 25% of the increase in global energy demand. To meet this hunger for energy, the country is focusing strongly on renewable energy generation and modernizing power grids. Gridspertise […]
Philippines’ transmission network operator, National Grid Corporation of Philippines (NGCP), is seeking approval from the Energy Regulatory Commission (ERC) for six transmission projects worth PHP20.3 billion. According to the concessionaire, these projects need to be […]
The board of Indian Energy Exchange (IEX) has accorded in-principle approval for the formation of a wholly-owned subsidiary company in India to explore business opportunities in the carbon market. The carbon market is a trading […]
The Goa government is looking at setting up wind power plants as a demonstration project, at Goa University. The Goa Energy Development Agency (GEDA) has invited tenders for the supply, installation, testing, commissioning, and maintenance […]
The central government is looking to sell 5-10 per cent stake in Coal India Limited, Hindustan Zinc Limited, and Rashtriya Chemicals and Fertilizers Limited via the offer-for-sale (OFS) mechanism. Reportedly, according to estimates, at current […]
Coal India Limited (CIL) has been offered the freedom to pass mine closure costs on to consumers, but it has not taken any such step yet. CIL may consider levying an additional fee on a […]
India is taking steps for the development of small modular reactors (SMR), with up to 300 MW capacity to fulfill its commitment to clean energy transition. For the development of SMR technology in the country, […]
The Ministry of Power (MoP) has launched a scheme for procurement of aggregate power of 4,500 MW on competitive basis for five years on finance, own and operate (FOO) basis under B (v) of SHAKTI […]
SJVN Limited has commissioned a 75 MW solar power project at Parasan solar park in Uttar Pradesh. With the Parasan solar power project achieving commercial operation, the power producer’s installed generation capacity stands at 2,091.5 […]
Kerala has secured Rs 8.17 billion loan from KfW for implementation of green energy corridor (GEC) projects of Kerala State Electricity Board (KSEB) Limited. The state government is implementing the GEC projects at an estimated […]
Telangana’s Yadadri thermal power plant (TPP) is likely to be commissioned in September 2023. The 4,000 MW TPP is billed as the biggest TPP to be set up in the public sector. The plant is […]
The board of Indian Energy Exchange (IEX) has approved a proposal to buyback equity shares of upto Rs 980 million at a price not exceeding Rs 200 per share through open market route. The indicative […]
Lenders to distressed electricity producer SKS Power Generation (Chhattisgarh) Limited have extended the due diligence deadline for prospective buyers for a third time to December 9, 2022, pushing back the timeline for the resolution of […]
Adani Group company has sought licence for expanding its power distribution business into more areas of Mumbai, including the country’s largest container port Jawaharlal Nehru Port Trust (JNPT). Adani Electricity Navi Mumbai (AENM) has approached […]
Saudi Arabia-based ACWA Power has signed a memorandum of understanding (MoU) with PTT Public Company Limited (PTT) and Electricity Generating Authority of Thailand (EGAT) to develop a USD7 billion facility in Thailand to produce green […]
The heavy civil infrastructure business of Larsen & Toubro has secured an order from Greenko group for development of an off stream pumped storage project in Madhya Pradesh. The civil and hydromechanical works of the […]
The Eastern Coalfields Limited (ECL) has been directed to work for achieving the production target of 50 million tonne (mt) during 2022-23 to meet the energy requirement of the country. Notably, ECL produced 45 mt […]
Essar Power Limited has concluded the sale of power assets located at Hazira, Gujarat to Arcelor Mittal Nippon Steel India Limited (AM/NS). With the sale, Essar has completed its asset monetisation programme to effectively become […]
PTC India Limited has recorded a profit of Rs 1.57 billion in 2021-22 as compared to profit of Rs 0.50 billion recorded during the previous year, registering a growth of 214 per cent. It […]
Singapore-based renewable energy developer, Equis Development, has rebranded and relaunched its battery energy storage system (BESS) worth AUD1.28 billion in Melbourne, Australia. The firm has acquired 100 per cent stake in the Melton Renewable Energy […]
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