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Home2024May

Month: May 2024

No Picture
Private Sector

TPREL starts solar module production in Tamil Nadu plant

May 16, 2024

Reportedly, Tata Power Renewable Energy (TPREL) has started commercial production of solar modules from its new plant in Tamil Nadu, with the solar cell production set to commence next month. The new solar cell and […]

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Private Sector

Siemens to demerge energy arm into separate entity

May 16, 2024

Siemens Limited has announced its intention to demerge its energy business-Siemens Energy India into a separate listed entity, to focus on core businesses that meet the demands of shareholders at its German parent, Siemens AG.. […]

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Private Sector

KPI Green Energy board approves plan to raise up to Rs 10 billion via QIP

May 16, 2024

KPI Green Energy Limited’s board has approved a proposal to raise up to Rs 10 billion through issuance of shares via qualified institutional placement (QIP). The board has approved the raising of funds through the […]

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Central Sector

REC to finance 30-40 per cent of 94 GW coal-based capacity

May 16, 2024

REC Limited has planned to finance 30 to 40 percent of the 94 GW coal-based capacity that is expected to be operational by 2032. Additionally, REC aims to double its asset under management to USD125 […]

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International News

Coro Energy gets the green light to develop 100 MW wind farm in the Philippine

May 15, 2024

Coro Energy Private Limited has been granted the right to develop a 100 MW onshore wind farm project in the Philippines. The application for the wind energy service contract (WESC) it sought for the Oslob […]

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Projects & Ventures

Sunkind Energy bags 10 MW rooftop solar projects

May 15, 2024

Sunkind Energy has secured contracts for five solar rooftop projects totaling 10 MW. The projects will be set up across various states including Punjab, Haryana, Rajasthan, and Chhattisgarh. The solar rooftop projects will be installed […]

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Central Sector

CIL reports profit of Rs 373.69 billion in 2023-24

May 15, 2024

Coal India Limited (CIL) has recorded a net profit of Rs 373.69 billion during 2023-24, registering an increase of 17.8 per cent, compared to the net profit of Rs 317.23 billion recorded in the previous […]

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Central Sector

Powergrid receives LoI for two transmission projects

May 15, 2024

Power Grid Corporation of India Limited (Powergrid) has received letter of intent (LoI) for two transmission projects namely, “Transmission System for evacuation of power from Rajasthan REZ PhaseIV (Part-2: 5.5 GW) (Jaisalmer/ Barmer Complex): Part […]

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Private Sector

Amplus commissions third open access plant Lakshmi in Uttar Pradesh

May 15, 2024

Amplus has commissioned  its 73.4 MWp project Lakshmi, an intra-state open-access solar plant in Jhansi, Uttar Pradesh. The project Lakshmi marks Amplus’s third solar open-access plant in Uttar Pradesh, following the success of project Mirza […]

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Specials

Power Line Announces TransTech India 2024 Exhibition and Conference

May 14, 2024

New Delhi, India – May 13, 2024: Power Line, India’s premier magazine for the power sector, is pleased to announce its latest initiative, TransTech India 2024 Exhibition and Conference, dedicated exclusively to the power transmission […]

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International News

GreenYellow and Johnson Wood to launch a rooftop solar project in Vietnam

May 14, 2024

GreenYellow Vietnam and Malaysia-based Johnson Wood Joint Stock Company have partnered to launch a rooftop solar power project in Tam Phuoc Industrial Park, City Bien Hoa, Dong Nai province in Vietnam. The project will generate […]

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Central Sector

MNRE unveils updated guidelines for vendor registration

May 14, 2024

The Ministry of New and Renewable Energy (MNRE) has released updated guidelines for vendor registration under the recently PM Surya Ghar Muft Bijli Yojana rooftop solar programme. With a budget of Rs 750 billion, the […]

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Private Sector

Radiance plans $150 million funding for 2 GW expansion

May 14, 2024

Reportedly, Radiance is in the final stages of securing a $150 million equity investment to propel its expansion plans to 2 GW within the next three years. This move aligns with the broader trend of […]

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Private Sector

Grew Energy to invest Rs 45 billion in solar manufacturing unit in J&K

May 14, 2024

Grew Energy Private Limited has announced a substantial investment of Rs 45 billion for the establishment of a three-stage fully integrated manufacturing unit in Jammu & Kashmir. The facility, located in Kathua, will mark the […]

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State Sector

SAIL-Bhilai to install 15 MW floating solar project in Chhattisgarh

May 14, 2024

Bhilai Steel Plant (BSP), a subsidiary of Steel Authority of India (SAIL), is all set up to install Chhattisgarh’s first 15 MW floating solar project at its Maroda-1 reservoir. The venture is part of BSP’s […]

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International News

Keppel Energy to import 1 GW of clean electricity from Cambodia to Singapore

May 13, 2024

The Energy Market Authority (EMA) has conditionally approved Keppel Energy’s project to import 1 GW of electricity from Cambodia to Singapore. The project is a part of Singapore’s plan to import up to 4 GW […]

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Central Sector

IREDA incorporates IREDA Global Green Energy Finance IFSC Limited in GIFT City

May 13, 2024

Indian Renewable Energy Development Agency Limited (IREDA) has incorporated a wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, in the International Financial Services Centre (IFSC) located in GIFT City, Gujarat. The subsidiary acts […]

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Private Sector

KPIL reports profit of Rs 5.16 billion in 2023-24

May 13, 2024

Kalpataru Projects International Limited (KPIL) has recorded a net profit of Rs 5.16  billion during 2023-24, registering an increase of 18.62 per cent, compared to the net profit of Rs 4.35 billion recorded in the […]

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Central Sector

NTPC successfully demonstrates 20 per cent  torrefied biomass co-firing

May 13, 2024

NTPC Limited has successfully demonstrated co-firing of 20 per cent torrefied biomass at its Unit 4 at Tanda in Uttar Pradesh. The initiative, a first of its kind in the Indian power sector, showcases NTPC’s […]

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Private Sector

ReNew signs 2.2 GW of PPAs to increase its clean energy portfolio to 15.6 GW

May 13, 2024

ReNew has signed five power purchase agreements (PPA) totaling to 2.2 GW of renewable energy capacity, significantly expanding its fully contracted renewable energy portfolio. In addition, ReNew has received letter of awards for an additional […]

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