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Home2023January

Month: January 2023

Reforms and Regulations

MoP issues draft proposal on day ahead operation of SCED

January 27, 2023

The Ministry of Power (MoP) has issued a draft proposal on day ahead operation of security constrained economic despatch (SCED). The draft proposes to enlarge the scope of SCED to include more plants and to […]

Central Sector

BPCL signs MOU with the government of Rajasthan for setting up 1 GW renewable energy plant

January 27, 2023

Bharat Petroleum Corporation Limited (BPCL) has signed a memorandum of understanding (MoU) with the Rajasthan government to set up a 1 GW renewable energy power plant, as a major step towards the production of green […]

Private Sector

IndiGrid records a profit of Rs 1,197.86 million in the quarter ended December 2022

January 27, 2023

India Grid Trust (IndiGrid) has recorded a net profit of Rs 1,197.86 million for the quarter ended December 2022, as compared to the net profit of Rs 943.81 million recorded in the same quarter of […]

Central Sector

Government emphasises on implementation of smart metering in pre-paid mode

January 27, 2023

In the review planning and monitoring (RPM) meeting with states and state power utilities, the central government has laid importance on implementation of smart metering in pre-paid mode, among other things. The states have been […]

International News

Egypt’s EETC signs two contracts with Beglian Elia Grid International

January 27, 2023

The state-owned Egyptian Electricity Transmission Company (EETC) has signed two contracts with the Belgian Elia Grid International, for the provision of consulting services for Egypt’s electricity sector. The first contract, which will span for a […]

Central Sector

NTPC Group’s capacity has crossed 71 GW

January 24, 2023

NTPC Group’s capacity has crossed 71 GW with the successful completion of the trial operation of first unit of 660 MW of the North Karanpura super thermal power project (3 x 660 MW) in Jharkhand. […]

Central Sector

RECPDCL hands over WRSR Power Transmission to Adani Transmission

January 24, 2023

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over project specific special purpose vehicle (SPV), WRSR Power Transmission Limited, to Adani Transmission Limited (ATL). With this, the […]

State Sector

Tripura forms separate entity for intra-state electricity transmission

January 24, 2023

Reportedly, the Tripura government has formed a separate entity for electricity transmission in the state to bring down the power sector’s aggregate technical and commercial (AT&C) losses. Tripura State Power Transmission Limited (TPTL) has been […]

Central Sector

RECPDCL hands over MP Power Transmission Package-I to Megha Engineering

January 24, 2023

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over project specific special purpose vehicle (SPV), Madhya Pradesh (MP) Power Transmission Package I Limited, to Megha Engineering and […]

Central Sector

Tender floated to procure power from imported coal-based plants on competitive bidding basis during crunch period

January 24, 2023

An e-tender has been floated for the procurement of electricity from imported coal-based (ICB) plants with untied capacity on the discovery of efficient electricity price (DEEP) e-bidding portal for NTPC Vidyut Vyapar Nigam Limited (NVVNL). […]

State Sector

MCL to set up Rs 120 billion power plant in Odisha

January 24, 2023

Reportedly, Coal India Limited’s arm, Mahanadi Coalfields Limited (MCL) is in the process of diversifying into power generation and will set up a coal-based plant in Odisha entailing an investment of around Rs 120 billion. […]

International News

Zambia and UAE to develop solar power projects worth $2 billion

January 24, 2023

Zesco, the Zambian state-owned power utility, and Masdar, the United Arab Emirates’ renewable energy firm, have signed an agreement to develop solar projects worth $2 billion. The two companies would form a joint venture to […]

Private Sector

Vedanta set to acquire Meenakshi Energy for Rs 14.40 billion

January 24, 2023

The board of Vedanta Limited has approved the acquisition of Meenakshi Energy Limited for Rs 14.40 billion. Meenakshi Energy was admitted under corporate insolvency resolution process in terms of the insolvency and bankruptcy code, 2016. […]

Private Sector

Indigrid to acquire 100 per cent shareholding in Khargone Transmission

January 24, 2023

India Grid Trust (IndiGrid) has signed share purchase agreement for acquisition of 100 per cent shareholding and economic interest, in one or more tranches, in Khargone Transmission Limited from Sterlite Power Transmission Limited. The acquisition […]

Private Sector

Sterlite Power bags orders worth Rs 38 billion from April to December 2022

January 24, 2023

Sterlite Power has bagged multiple orders worth Rs 38 billion across its solutions business unit in the domestic and international markets during the first three quarters 2022-23, registering a growth of 90 per cent compared […]

Private Sector

JSW Energy records a profit of Rs 1.87 billion in the quarter ended December 2022

January 24, 2023

JSW Energy Limited has recorded a net profit of Rs 1.87 billion for the quarter ended December 2022, as compared to the net profit of Rs 3.21 billion recorded in the same quarter of previous […]

Private Sector

IEX records a profit of Rs 772.16 million in the quarter ended December 2022

January 24, 2023

Indian Energy Exchange Limited (IEX) has recorded a net profit of Rs 772.16 million for the quarter ended December 2022, as compared to the net profit of Rs 807.35 billion recorded in the same quarter […]

Private Sector

Tata Power to install public EV charging points at GAIL Gas’ CNG stations in Bengaluru

January 24, 2023

Tata Power has signed an agreement with GAIL Gas Limited to install direct current fast charging points at two of GAIL Gas compresses natural gas (CNG) retail outlets (CNG stations) in Bengaluru. The partnership is […]

International News

Pakistan’s NTDC proposes PKR370 billion investment for grid expansion

January 24, 2023

The National Transmission and Despatch Company (NTDC) has proposed a PKR370 billion investment plan for system expansion and loss reduction over the 2023-25 period. NTDC has filed a petition with the National Electric Power Regulatory […]

EXPERT OPINION

Financing Energy Transition: Domestic institutional capital can massively support India’s ambitions

January 23, 2023

By Shantanu Srivastava, Energy Analyst at the Institute for Energy Economics and Financial Analysis (IEEFA) Indian life insurers and pension funds, the biggest domestic institutional investors (DIIs) by assets under management (AUM), have largely stayed on […]

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  • Government emphasises on implementation of smart metering in pre-paid mode

    January 27, 2023
    In the review planning and monitoring (RPM) meeting with states and state power utilities, the central government has laid importance …Read More »
  • Egypt’s EETC signs two contracts with Beglian Elia Grid International

    January 27, 2023
    The state-owned Egyptian Electricity Transmission Company (EETC) has signed two contracts with the Belgian Elia Grid International, for the provision …Read More »
  • NTPC Group’s capacity has crossed 71 GW

    January 24, 2023
    NTPC Group’s capacity has crossed 71 GW with the successful completion of the trial operation of first unit of 660 …Read More »

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