The increasing demand for electricity and frequent power outages have encouraged commercial and industrial entities to secure backup power sources. Projections indicate that India’s electricity consumption will surge by 1,200 million tonnes of oil equivalent […]
Given the crucial role of hydroelectric power plants (HEPs) in responding to grid frequency fluctuations and supporting peak demand, digitalisation has emerged as a strategic imperative for ensuring efficient operations, prolonged equipment life and streamlined […]
Larsen and Toubro (L&T) has secured a contract to establish a solar power plant in Dubai. The renewable engineering, procurement, and construction (EPC) division of L&T’s power transmission and distribution business will oversee the project. […]
Adani Power Limited has incorporated, in consortium, an special purpose vehicle (SPV) under the name Moxie Power Generation Limited (MPGL). The company’s shareholding is 49 per cent of the total share capital of MPGL. The […]
Power Mech Projects Limited has secured contracts worth Rs 6.45 billion from Rail Vikas Nigam Limited (RVNL) and Neyveli Uttar Pradesh Power Limited (NUPPL). The company has been awarded a Rs 3.81 billion order for […]
Servotech Power Systems Limited has secured an order worth Rs 1.20 billion for 1800 DC fast electric vehicle (EV) chargers from Bharat Petroleum Corporation Limited (BPCL). The project, as a part of E-drive Project, involves […]
KEC International Limited has secured new orders of Rs 13.04 billion across its various businesses. Its transmission and distribution (T&D) business has secured orders for T&D projects in India, SAARC, and Americas. It has secured […]
NTPC Renewable Energy Limited (NREL) has secured the bid for 200 MW round the clock (RTC) capacity in the tender floated by Railway Energy Management Company Limited (REMCL) for selection of project developers for supply […]
Maharashtra has entered into memorandum of understanding (MoUs) worth over Rs 2,763 billion with seven companies for green hydrogen projects. The green hydrogen initiatives aim to produce 910 kilo tonnes per annum of clean energy. […]
As a part of the Union Budget 2024-25, the finance minister announced key measures to achieve net-zero by 2070. Key Announcements Towards meeting the commitment for ‘net-zero’ by 2070, the union budget 2024-25 has announced […]
FDC Green Energorporation (FDCGEC), a subsidiary of Filinvest Development Corporation (FDC), has announced plans to increase the capacity of its solar project from 11.5 MW to 19.78 MW in the Philippine Veterans Investment Development Corporation […]
Cleantech Solar has procured a long-term senior secured loan facility amounting to Rs 6.25 billion from Tata Capital Limited. The funds obtained will bolster Cleantech Solar’s open access portfolio in India. A part of the […]
THDC India Limited has announced the launch of its pilot green hydrogen project in accordance with the National Green Hydrogen Mission at its office complex in Rishikesh, Uttarakhand. The project is one of India’s largest […]
NTPC Limited has recorded a net profit of Rs 52.09 billion during third quarter of 2023-24, registering an increase of 7.31 per cent, compared to the profit of Rs 48.54 billion recorded in the corresponding […]
Suzlon Group has secured a significant order to supply wind turbine generators (WTGs) for a 642 MW wind power project in Andhra Pradesh from an Evren Company, ‘ABC Cleantech Private Limited. Suzlon will install 214 […]
NTPC Limited has signed a non-binding memorandum of understanding (MoU) with Numaligarh Refinery Limited (NRL), for partnership opportunities in the proposed bamboo-based bio-refinery at NTPC Bongaigaon and other green projects. Through this MoU, the two central public sector […]
Hydropower is a critical source of power generation, playing a key role in facilitating the energy transition. As a source of energy storage with a unique characteristic of efficient and flexible operations, hydropower is essential […]
Adani Green Energy Limited (AGEL) has raised Rs 23.38 billion through a private placement of warrants to Ardour Investment Holding. A total of 63,143,677 warrants, valued at Rs 1,480.75 each were issued. Upon conversion and […]
China-based Eve Energy has signed a memorandum of understanding (MoU) with Invest Kedah to set up an energy storage company and acquire new land to commence construction of an energy storage plant in Malaysia. The […]
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