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Home2024May

Month: May 2024

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Central Sector

REC gets RBI approval for setting up subsidiary in Gujarat

May 7, 2024

REC Limited has received a no objection certificate from the Reserve Bank of India (RBI), for setting up a wholly owned subsidiary in International Financial Services Centre, Gujarat International Finance Tec-City (GIFT), Gandhinagar, Gujarat. The […]

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Private Sector

AGEL reports profit of Rs 12.60 billion in 2023-24

May 7, 2024

Adani Green Energy Solutions Limited (AGEL) has recorded a net profit of Rs 12.60 billion during 2023-24, registering a increase of 29.50 per cent, compared to the net profit of of Rs 9.73 billion recorded […]

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Private Sector

TPREL signs PPA with SJVN to set up 460 MW firm and dispatchable renewable energy project

May 7, 2024

Tata Power Renewable Energy Limited (TPREL), subsidiary of Tata Power Company Limited, has signed a power purchase agreement (PPA) with SJVN Limited for a 460 MW firm and dispatchable renewable energy (FDRE) project. The plant, […]

Specials

Roadmap to Net Zero: Key insights from IIM’s energy transition report

May 6, 2024

India’s myriad climate change mitigation initiatives are aimed at achieving the goal of net-zero emissions by 2070. A report titled, “Synchronising energy transitions toward possible Net Zero for India: Affordable and clean energy for all”, […]

Specials

Growing Consumption: Coal demand and supply scenario

May 6, 2024

Coal remains a critical fuel source for India’s growing economy. The power sector accounts for the lion’s share of coal offtake and has seen a significant rise in coal consumption and supply in recent years. […]

Specials

Benchmarking Discoms: REC report shows an improvement in consumer services

May 6, 2024

REC Limited has unveiled the third edition of the consumer services rating of discoms (CSRD) for fiscal year 2022-23. This initiative is designed to empower discoms by enabling them to assess their performance across various […]

Specials

Creating Circularity: Taking stock of the CBG market in India

May 6, 2024

India has set a target to increase the share of gas in energy consumption from the current 7 per cent to 15 per cent by 2030. According to the Petroleum Planning and Analysis Cell, the […]

Specials

Offshore Transmission Planning: AOSWT study advocates multi-terminal HVDC interlinks in the US Atlantic

May 6, 2024

Offshore wind (OSW) energy continues to grow in the US Atlantic, complementing the national goal of deploying 30 GW of OSW energy by 2030, which will unlock a pathway to 110 GW or more capacity […]

People

Sanjay Kumar Dutta, Director (Project and Commercial), UPRVUNL

May 6, 2024

Sanjay Kumar Dutta, an alumnus of Jadavpur University, is currently director (project and commercial) at UP Rajya Vidyut Utpadan Nigam Limited (UPRVUNL).  Before joining UPRVUNL in 2022, he worked at NTPC Limited in various key […]

People

Hiranmay De, Executive Director, PTC India Limited

May 6, 2024

Hiranmay De began his professional journey in 1987 with NTPC Limited, and transitioned to Powergrid in 1991. In 2003, he joined PTC India. Currently, as executive director at PTC India, his responsibilities encompass a range […]

People

Archana Bhatnagar, Director of Project & Market Development South Asia, Wartsila

May 6, 2024

Archana Bhatnagar has over 35 years of experience in the finance and energy sectors. As director of project and market development for South Asia at Wärtsilä Energy currently, she plays a pivotal role in driving […]

People

Anoop Singh, Founder, Centre for Energy Regulation and the Energy Analytics Lab; and Professor, IIT Kanpur

May 6, 2024

Anoop Singh is a professor in the Department of Management Sciences and an adjunct professor in the Department of Sustainable Energy Engineering at IIT Kanpur. He is also the founder of the Centre for Energy […]

Power Data

Power Generation: Total power generation in February 2024

May 6, 2024

Total power generation stood at 136.69 BUs in February 2024. At around 43.66 BUs and 37.58 BUs, the central and state sectors respectively accounted for the major share in conventional power generation. Meanwhile, renewable energy […]

Power Data

Key Statistics: Monthly projected peak power demand across states for 2024-25

May 6, 2024
Power Trading

Power Trading: At the Indian Energy Exchange, Power Exchange India Limited and Hindustan Power Exchange in March 2024

May 6, 2024

The electricity traded in the day-ahead market in March 2024 was 4,664.92 MUs at the IEX, and 0.68 MUs at PXIL and HPX combined. The average market clearing price range was Rs 2.75 per unit […]

Green & Smart BUILDINGS

Green Design: Initiatives driving sustainability and efficiency in construction

May 6, 2024

In construction and urban development, green and smart buildings represent a significant shift towards sustainability and efficiency. Driven by factors such as energy efficiency, sustainable materials, water conservation, renewable energy integration and indoor environmental quality, […]

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Company Release

Tata Power’s EV charging network achieves 100 million green km milestone

May 6, 2024

Tata Power Limited has achieved a significant milestone in India’s electric mobility landscape by becoming the first electric vehicle (EV) charging solutions provider to power 100 million green km in various segments across the country. […]

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Company Release

Kundan Green Energy receives hydropower mandate of 42 MW to set up a greenfield plant in Uttarakhand

May 6, 2024

Kundan Green Energy has received a mandate to develop a greenfield hydropower plant at Okhali in Uttarakhand. The government has awarded the project to Kundan Green Energy in view of the company’s consistent demonstrated track […]

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Company Release

BluPine Energy secures financial closure for 120 MW solar project in Gujarat from HDFC Bank

May 6, 2024

BluPine Energy has announced the successful financial closure of its 120 MW solar project in Sadla, Gujarat under Gujarat Urja Vikas Nigam Limited (GUVNL). BluPine Energy has achieved a significant milestone by securing debt financing […]

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Company Release

Wärtsilä opens expertise centre in Navi Mumbai to remotely support its customers

May 6, 2024

Wärtsilä has announced the opening of its relocated expertise centre in Navi Mumbai, India. The expertise centre will provide remote support to its Middle East and Asia energy and marine customers while enabling the company’s […]

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