The state-run Saudi Electricity Company (SEC) has signed a USD3 billion international syndicated facility agreement with four major regional banks, namely Dubai Islamic Bank PJSC, Kuwait Finance House, Mashreq Bank, and Saudi National Bank. The […]
PTC India Financial Service Limited has recorded a net profit of Rs 697.69 million during quarter ended September 2023, recording an increase of 32.51 per cent as compared to the net profit of Rs 526.5 […]
NLC India Limited has recorded a net profit of Rs 10.86 billion during quarter ended September 2023, recording an increase of 160.43 per cent as compared to the net profit of Rs 4.17 billion recorded […]
Adani Power Limited has recorded a net profit of Rs 65.94 billion during quarter ended September 2023, recording an increase of 847.41 per cent as compared to the net profit of Rs 6.96 billion recorded […]
Vibrant Energy has signed their third power purchase agreement (PPA) with Amazon for a new 198- MW wind farm in Osmanabad, Maharashtra. Amazon had announced its partnership with Vibrant for its first two wind-solar hybrid […]
Inox Wind Energy Limited (IWEL) has raised Rs 8 billion through sale of equity shares of Inox Wind Limited (IWL) via block deals on the stock exchanges. The transaction witnessed strong participation across long-only domestic […]
The International Solar Alliance (ISA) declared a capital infusion of USD35 million dollar for the Global Solar Facility (GSF), a fund designed to provide payment guarantees and encourage investments in solar power projects. The funding […]
KPI Green Energy Limited and Advait Infratech Limited have signed a memorandum of understanding (MoU) with the Uttarakhand government for the development of 500 MW solar park on captive power producer (CPP) basis. This is […]
In line with the Union Budget for 2023–24, which recognised the imperative need for substantial investments to foster a resilient and flexible grid, the focus on energy storage, particularly battery energy storage systems (BESS), has […]
The power sector in India is geared up to transition to a clean energy future. While the renewable energy segment will witness an increase in capacity additions, emerging sectors such as smart metering and energy […]
Gamuda Bhd will establish a joint venture (JV) called UPP Holdings Sdn Bhd to develop a 187.5 MW hydroelectric power plant in Sabah Malaysia. Other parties in the JV include Sabah Energy Corp Sdn Bhd […]
JSW Energy Limited has recorded a net profit of Rs 8.57 billion during quarter ended September 2023, recording an increase of 87.53 per cent as compared to the net profit of Rs 4.57 billion recorded […]
Genus Power Infrastructures Limited has incorporated a wholly-owned step-down subsidiary, namely Jammu Smart Metering Private Limited. It is incorporated as special purpose vehicle for execution of advanced metering infrastructure service provider (AMISP) contract.
Power Mech Projects Limited has secured Rs 3.5 billion order from Bharat Heavy Electricals Limited (BHEL). The scope of work includes erection, commissioning and trial operation including application of lining/insulation. It also includes handing over […]
Reliance Power Limited has recorded a net loss of Rs 2.4 billion during quarter ended September 2023, as compared to the net loss of Rs 3.15 billion recorded in the corresponding quarter of previous year. […]
GE T&D India Limited has secured orders worth Rs 5 billion from Power Grid Corporation of India (Powergrid) for the supply of 765 kV power transformers and shunt reactors for Powergrid’s various transmission system projects […]
The Central Electricity Authority (CEA) has notified the draft procedure for verifying the captive status of such generating plants, where captive generating plant (CGP) and its captive user(s) are located in more than one state. […]
Ashutosh Garg has over three decades of experience in the power sector. He has worked extensively in the high-voltage transmission space, with expertise in developing new extra high-voltage substations across the country. In his current […]
The transition to clean energy, rising energy demand and the need for flexibility when integrating wind and solar power are expected to boost the hydropower sector. The digitalisation of hydropower plants is gaining traction to […]
India’s key renewable-rich states, Gujarat and Rajasthan have recently floated new renewable energy policies. As of September 2023, Gujarat’s total installed renewable energy capacity reached 21,715.45 MW, comprising approximately 11,094.02 MW of wind power, 10,417.56 […]
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