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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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). […]
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. […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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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