Diesel generator (DG) sets have a quick start-up time, low initial investments and convenient installation. They are one of the most popular backup power solutions deployed in the country. However, DG sets entail high operating […]
The distribution system is the backbone of the power sector, helping deliver quality supply. In India, it is also the weakest link in the delivery of electricity to citizens. Due to lower-than-cost tariffs and non-receipt […]
PFC and REC further reduce lending rates by 40 bps (India) The Power Finance Corporation (PFC) and REC Limited have further reduced their lending rates across all types of loans by 40 bps. In the […]
Sterlite Power has witnessed robust operational and financial performance over the past two years despite the Covid-19 pandemic. The company’s long-term outlook is all about clean and sustainable energy, keeping the transmission grid up and […]
January 2022
Germany’s KfW Development Bank has granted funds worth EUR20 million to Namibia’s government-owned electric utility company, NamPower, for the development of the African country’s first grid-scale battery storage project. The funding was made available through […]
Hero Future Energies (HFE) and Ohmium International have announced a strategic partnership to develop and build 1 GW of green hydrogen production facilities in India, the UK, and Europe. Ohmium will be responsible for the […]
Shapoorji Pallonji and Company has sold 18.4 million shares of Sterling and Wilson Renewable Energy Limited (SWREL) to Reliance New Energy Solar Limited (RNESL). After the stake sell in SWREL, Shapoorji Pallonji and Company’s stake […]
The Finance Minister has assured that basic custom duty (BCD) on solar modules will be implemented from the scheduled date of April 1, 2022. The implementation of BCD will save domestic players from stiff price […]
SJVN Limited’s power stations have recorded the highest ever 1,480 MUs of electricity generation during the October-December quarter of 2021-22 as compared to the previous record of 1,343 MUs in the corresponding period of 2019-20. […]
The government of Uttar Pradesh has announced a 50 per cent reduction in power tariff on agricultural use. The order announced by the state government divided the targeted consumers into four categories – metered, unmetered, […]
The central government has approved the scheme on green energy corridor (GEC) phase-II for intra-state transmission system (InSTS) for addition of around 10,750 ckm of transmission lines and 27,500 MVA transformation capacity of substations. The […]
Energy trading on power exchanges is an emerging domain in the field of renewable energy. In countries across the world, green power exchanges are in their nascent stages and are yet to find their place […]
With the growing integration of renewable energy into the grid, hydropower is expected to play a major role in addressing the intermittency and balancing requirements. The International Hydropower Association (IHA) has recently recognised India as […]
Gagan Bihari Swain, director, finance and corporate affairs at GRIDCO Limited, has extensive experience in the areas of finance and regulatory reform. Prior to GRIDCO, he headed the department for regulatory, strategy, legal and government affairs […]
Growing environmental concerns are increasingly putting limits on the use of diesel generator (DG) sets in cities, while better availability and quality of grid power are also lowering the need for the utilisation of DG […]
Power generation companies are facing a growing number of challenges, from increased market complexity and demand, to regulatory compliance, sustainability objectives and uncertainty spurred by Covid-19. The pandemic forced the industry to switch to remote […]
PT Pertamina Geothermal Energy (PGE) and PT Medco Power Indonesia (MPI) have signed a head of agreement study to develop geothermal power plant projects across Indonesia. Over the next 24 months, both firms will evaluate […]
Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) and GAIL (India) Limited have signed a memorandum of understanding (MoU) for cooperation in the areas of green hydrogen, green ammonia and renewable energy (solar/wind) for […]
The central public sector enterprises (CPSEs) under Ministry of Power (MoP) have incurred capital expenditure (capex) of Rs 403.95 billion during April-December 2021, which is 47 per cent higher as compared to capex incurred during […]
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