Siemens Gamesa has secured a contract in the Philippines from renewable developer ACEN Corporation. For the 70 MW Capa wind farm, Siemens Gamesa will supply 14 of its SG 5.0-145 turbines. The wind farm is […]
Andhra Pradesh discoms have joined the late payment surcharge (LPS) scheme introduced by the central government, under which discom’s liability with respect to generators in power purchase payments are being resolved in a phased manner. […]
SJVN Limited has recorded a net profit of Rs 6.09 billion for the quarter ended June 2022, an increase of 78 per cent over the net profit of Rs 3.42 billion recorded in the same […]
PFC Projects Limited, an equal joint venture of Power Finance Corporation Limited and REC Limited, is likely to rope in technical or strategic investor partners to operate and maintain acquired stressed or non-performing assets next […]
Suzlon Group is planning to raise up to Rs 12 billion through a rights issue of shares by the end of 2022-23 to pare the refinanced debt of Rs 30 billion. As per the company, […]
The overall coal production has increased by 11.37 per cent to 60.42 million tonnes (mt) during July, 2022 as compared to 54.25 mt in July 2021. During July 2022, Coal India Limited (CIL), and captive […]
Reportedly, the power ministry has recommended implementation of emission control equipment in select power plants to observe the benefits before rolling out the estimated Rs 2 trillion investment in all projects that could raise electricity […]
Vietnam will require annual investment between USD8 billion and USD14 billion till 2030 to develop new power plants and expand the country’s grid. Out of the total amount required, 75 per cent will be used […]
The Ministry of Power (MoP) has issued the draft Electricity (Amendment) Rules, 2022. The MoP has suggested creating a central pool of renewable energy sources from which an intermediary company will procure power to be […]
The central government has rolled back an emergency order that mandated power plants to import 10 per cent of their coal requirement and blend it with domestic supply. The withdrawal of the mandatory blending order […]
Greenko Energies Private Limited and Hindalco Industries Limited have entered into a commercialagreement to set up a green energy project for supply of 100 MW round-the-clock carbon free power. The arrangement covers development of 375 […]
State Bank of India (SBI) and Varde Partners-backed Aditya Birla Asset Reconstruction Company Limited (Aditya Birla ARC) are finalising a renegotiated bid of Rs 16.22 billion, up from the Rs 15.44 billion that the ARC […]
Shapoorji Pallonji and Company Private Limited has proposed to offload the 1.25 per cent shares it holds in Sterling and Wilson Renewable Energy Limited (SWREL). The company proposes to sell up to 2.37 million equity […]
Tata Power Delhi Distribution Limited (Tata Power-DDL) has claimed that it has sourced 2,200 million units of green power from renewable sources like solar, wind, hydro and waste to energy, including large hydro sources, and […]
Torrent Power Limited is the frontrunner to acquire Vector Green Energy – US-based Global Infrastructure Partners’ (GIP) 700 MW clean energy platform in India- in a deal worth about Rs 50 billion. The company has […]
The Andhra Pradesh Electricity Regulatory Commission (APERC) has given approval for the collection of true-up charges to the tune of Rs 29 billion to discoms. APERC had allowed the discoms to collect the difference amount […]
Siemens Gamesa has secured its first order in India with Azure Power India Private Limited (Azure Power) to supply 96 SG 3.6-145 wind turbines for a 346 MW project in the state of Karnataka. The […]
Switch Mobility Limited and Chalo have entered into a strategic collaboration for the deployment of 5,000 state-of-the-art electric buses across India. The memorandum of understanding (MoU) has been signed for an initial period of three […]
The Haryana government has made it mandatory to conduct energy audits for the consumers consuming 100 kW to 1,000 kW of the connected load. The government buildings having an electricity load of more than 100 […]
Actis has signed an agreement to acquire a majority stake in Levanta Renewables, a leading Vietnam and Southeast Asia-focused renewables platform. Levanta has 300 MW of onshore wind power projects in advanced stages of development. […]
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