Power Grid Corporation of India Limited (Powergrid) has approved a plan to issue bonds on a private placement basis in numerous tranches in 2023-2024, in order to raise up to Rs 57 billion. The funds […]
Indian Energy Exchange Limited has recorded a net profit of Rs 758.30 million during quarter ended June 2023, recording an increase of 9.69 per cent as compared to the net profit of Rs 691.29 million […]
Powergrid Infrastructure Investment Trust (PGInvIT) has recorded a net profit of Rs 1,909.06 million during quarter ended June 2023, recording a decrease of 10.74 per cent as compared to the net profit of Rs 2,138.85 […]
Apraava Energy Private Limited has secured two interstate transmission projects in Rajasthan. PFC Consulting Limited has transferred special purpose vehicles – Fatehgarh lII Transmission Limited and Fatehgarh IV Transmission Limited, established for the development of […]
NTPC Mining Limited (NML), a wholly-owned subsidiary of NTPC Limited, has won the bid for North Dadu (East) coal block in the recently concluded coal block auction conducted by the Ministry of Coal. NML has […]
The Ministry of Coal has transferred Rs 7.04 billion upfront amount received from auction of coal mines to six coal bearing states namely Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha and West Bengal. This financial transfer […]
NLC India Limited (NLCIL) has planned to set up two thermal power plants (TPPs). The first 1,980 MW plant is being setup in Ghatampur near Kanpur at a cost of Rs 194.06 billion. This power […]
Adani Energy Solutions Limited has recorded a net profit of Rs 1.82 billion during quarter ended June 2023, recording a decrease of 8.33 per cent as compared to the net profit of Rs 1.68 billion […]
GE Power India Limited has secured an order worth Rs 4.44 billion from Gujarat State Electricity Corporation Limited (GSECL). The order includes design, engineering, manufacture, supply, packing and forwarding, installation, commissioning and PG testing of […]
Tata Power Renewable Energy Limited (TPREL) has signed two power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for commissioning two solar power projects, 200 MW and 150 MW, respectively in Maharashtra. […]
Bangladesh’s Power Grid Company of Bangladesh Limited (PGCB) has successfully commissioned the second circuit of the 400 kV Aminbazar–Meghnaghat transmission line. The line is now connected from the Aminbazar grid substation to the newly constructed […]
The Ministry of Power has issued new guidelines for tariff-based competitive bidding for both wind and solar power. Guidelines for Tariff Based Competitive Bidding Process for Procurement Power from Grid Connected Wind Power Projects:Â These guidelines […]
Sterlite Power has acquired Fatehgarh III Beawar Transmission, a special purpose vehicle (SPV), from PFC Consulting Limited. The project was awarded to Sterlite Power through tariff-based competitive bidding process in March 2023. Through the Fatehgarh […]
Power Grid Corporation of India Limited (Powergrid) has recorded a net profit of Rs 35.97 billion during quarter ended June 2023, recording a decrease of 5.37 per cent as compared to the net profit of […]
REC Limited has recorded a net profit of Rs 29.68 billion during quarter ended June 2023, recording a decrease of 20.95 per cent as compared to the net profit of Rs 24.54 billion recorded in […]
Three coal mines were put up for auction by the Ministry of Coal on the second day of the commercial coal mines auction. NTPC Limited bagged the North Dhadu (Eastern Part) coal block in Jharkhand, […]
Juniper Green Energy has surpassed 1.2 GW of renewable energy capacity by securing power purchase agreement’s (PPAs) during last few months. Recently, the company has secured wind and solar projects of 190 MW and 105 […]
Masdar and Citaglobal Berhad have signed a memorandum of understanding (MoU) for developing renewable energy projects in Pahang, Malaysia. Masdar and Citaglobal will develop projects in the renewable energy mix across solar, battery energy storage […]
Total power generation stood at 147.18 BUs in May 2023. At around 47.04 BUs and 40.56 BUs, the central and state sectors respectively accounted for the major share in conventional power generation. Meanwhile, renewable energy […]
The total electricity traded in the day-ahead market in June 2023 was 4,123.98 MUs at IEX, and 0.03 MUs at PXIL. The average market clearing price range was Rs 2.92 to Rs 6.79 per unit […]
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