NTPC Limited is planning to build a massive nuclear fleet that’ll aid the nation’s push to shift away from coal and curb emissions to hit net-zero by 2070. The company aims to install 20 to […]
Jindal Steel and Power Limited (JSP) has acquired debt-laden Monnet Power Company Limited for Rs 4.10 billion through insolvency route. Monnet Power owns a 1,050 MW thermal power plant located inOdisha. The new asset will […]
Essar Power Gujarat Limited (EPG) is in talks with lenders to save the utility company from bankruptcy proceedings by offering a one-time settlement (OTS) which could be implemented by the end of 2022-23. Essar is […]
The gap between energy required and energy supplied has reduced from two per cent in April 2022 to 0.1 per cent in October 2022. The deficit was 2,752 million units (MUs) in April 2022 which […]
India has achieved 165.94 GW of renewable energy capacity (including large hydro) till October 2022 as against the target of 175 GW by 2022. A capacity of 76.13 GW of renewables is under various stages […]
The Dubai Electricity and Water Authority (DEWA) has commissioned two new substations – a 132/11 kV substation at Al Awir First with a transmission capacity of 150 MVA and a 400/132 kV substation in Jebel […]
The Ministry of Power (MoP) has issued a detailed plan for evacuation of power from the planned renewable capacity by 2030. As per the plan titled “Transmission System for Integration of over 500 GW RE […]
Godrej & Boyce, the flagship company of the Godrej Group, has announced that its Godrej Electricals & Elec tronics (E&E) business division is strengthening India’s energy sector with an emphasis on renewable energy. Godrej E&E […]
The Ministry of New and Renewable Energy (MNRE) has extended the Rooftop Solar Programme till March 31, 2026 and therefore, subsidy under the programme will be available until the target under the Programme is achieved. […]
India, reportedly, is planning to build more nuclear power plants to increase the production of clean energy. The government has approved five new sites for nuclear power plants and given the financial go-ahead to build […]
Inox GFL Group has raised around Rs 15 billion across its entities in the last fortnight. This funding has been used to pare down debt substantially across its operating companies and consequently the interest outgo […]
Swiss based Partners Group has agreed to purchase a majority stake in Sunsure Energy for $400 million. The investment in Sunsure Energy, which has traditionally constructed solar plants for commercial and industrial (C&I) customers, is […]
Gujarat based Chiripal Group has launched Grew Energy Private Limited, a solar component manufacturing company, under Chiripal Renewables. Over the next four years, the facility will catalyse a manufacturing capacity of 4 GW photovoltaic (PV) […]
Electricity of Vietnam’s (EVN) subsidiary, National Power Transmission Corporation (EVNNPT), along with Central Power Project Management Board (CPMB), has completed the energisation of the 500 kV Van Phong transformer substation and associated transmission lines 27 […]
India started harnessing its wind power potential in the late 1980s and as of October 2022, the total wind power capacity installed in the country has reached 41.84 GW. The share of wind power in […]
Sulphur dioxide (SO2) emissions are a particularly acute problem in the power sector as well as in the country. SO2 is a corrosive gas created by the oxidation of sulphur bearing materials such as coal, […]
The detailed plan on transmission system for integration of over 500 GW renewable energy (RE) capacity by 2030 has been launched. The Ministry of Power had constituted a high-level committee under the Chairperson, Central Electricity […]
Power Finance Corporation (PFC) Limited has signed a memorandum of understanding (MoU) for 2022-23 with the Ministry of Power in line with the Department of Public Enterprises (DPE) guidelines. PFC has been showing a strategic […]
Sterlite Power has announced the acquisition of Kishtwar Transmission Limited, a special purpose vehicle (SPV) from PFC Consulting Limited (PFCCL). The project was awarded to Sterlite Power through tariff based competitive bidding (TBCB) process in […]
The Central Electricity Regulatory Commission (CERC) has issued the CERC (Terms and Conditions for Dealing in Energy Savings Certificates) (First Amendment) Regulations, 2022. As per the amendment, the floor price for the trading of energy […]
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