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ACME Solar to sell 50% stake in 900 Mw solar plant to Norway's Scatec

Scatec enters in partnership, ACME had quoted record low tariff of Rs 2.44 a unit for the project

Liquidity support helps discoms clear overdues, but they keep mounting

A year after Covid-relief measures kicked in, pending dues to power generation companies have declined, but remain tall, with an upside risk from weakening monthly clearances

CoalMin targets projects worth Rs 41K-crore for asset monetisation

These projects include coal washeries, coal gasification, first-mile connectivity for building coal silos/mechanised loading, offering mines to private firms under mine developer and operator model

Centre and states should share cost of stranded assets: Forum of Regulators

Railway freight, coal pricing should come under independent regulator

Adani Green buys SB Energy from Softbank and Bharti; firm valued at $3.5 bn

Deal for company with range of assets is biggest acquisition in India's renewable power sector.

Indian Oil swings into black with record Rs 21,000-cr profit in FY21

Firm attributes remarkable to inventory gains caused by fluctuating global oil prices and rising sales of high-margin petrochemical products

SoftBank Energy India sale: Cautionary tale for foreign companies

Industry execs say ambitious plans couldn't match up to Indian policy environment

PSUs take the lead in Covid vaccination but shortage hits remote locations

While this is one of the larger-scale vaccinations, the drive faces delays and pauses due to shortages of vaccines, especially in remote areas

Third time lucky? Govt begins anti-dumping investigation on solar imports

Complaint was filed by Mundra Solar PV and Jupiter Solar Power with the DGTR under the ministry of commerce

Tata Power will be net zero-carbon by 2050, says CEO Praveer Sinha

We have now both urban and rural consumers. Our whole business philosophy is towards renewable, said Sinha

Pandemic-impacted renewable energy projects can apply for extension again

Frequent delays to hurt the 175 GW RE capacity target of next year

Cabinet approves Rs 18,000-cr PLI scheme for battery manufacturing

The Centre hopes to create direct investment of Rs 45,000 cr in ACC Battery storage projects

Betting on power: Insurers line up to invest in PGCIL and IndiGrid InvITs

The first power transmission InvIT of the country, IndiGrid, came out with a public issue of NCDs to raise up to Rs 1,000 crore last week

Performance-linked incentives fail to excite solar manufacturing firms

Domestic manufacturers could end up getting barely 3-5 per cent of the sale value of their solar cells and modules as incentives through this scheme

JSW Energy signs PPA for 540 MW of wind power projects

The company won these projects in a competitive bidding done by SECI

A new house for Prime Minister by '22; Central Vista project gets green nod

The project to be completed by December 2026

Low incentive could dampen interest in PLI scheme for solar manufacturing

The Union Cabinet last month approved the MNRE proposal for ramping up domestic manufacturing of solar photovoltaic panels under the Centre's PLI scheme

National Electricity Policy-21 bats for quality power, private investment

This year's draft NEP like its earlier versions underlines importance of coal-based power and why it is still too early to retire it despite growth in renewables

Power ministry asks states to vaccinate power sector employees on priority

The Association of Power Producers has asked the power ministry to treat all operational staff across the electricity supply value chain as a priority category for vaccination

Promoter company Worldone to acquire JSPL's thermal power business

Industry sources said the estimated deal size is close to Rs 12,000 crore, which includes Rs 6,500 crore debt, Rs 7,000 crore redeemable preference shares and Rs 3,015 crore equity infusion