Page 27 - Energy Sector

KEC International bags orders worth Rs 1,036 crore in India, abroad

KEC International on Monday said it has secured new orders worth Rs 1,036 crore in the domestic and international markets. The company's transmission & distribution (T&D) division has secured orders for setting up overhead transmission lines in the United Arab Emirates (UAE), and supply of towers, hardware and poles in the Americas, KEC International said in a regulatory filing. The railways business has secured an order for additional work in the conventional segment in India, while the cables business has secured orders for supply of various types of cables in India and overseas. Vimal Kejriwal, MD & CEO, KEC International said, "these order wins have significantly enhanced our order book in the international T&D market and further strengthened our presence in the Middle East. The order inflows at the start of the financial year reaffirm our confidence in achieving the targeted order intake for the year." KEC International is a global infrastructure engineering, ...

India expects annual power output to grow at fastest in over a decade

India's weather office has forecast more heat-wave days than normal between April and June this year, potentially boosting power use and generation further

Copper demand to boom as new tech drives power consumption: Trafigura

Technological developments such as artificial intelligence and automation, and the energy transition, which includes electric vehicles and renewable energy

KP Energy Q4 results: Consolidated net profit grows 60% to Rs 25 crore

KP Energy on Monday posted a 60 per cent rise in its consolidated net profit at Rs 24.89 crore during the quarter ended March 2024 on account of increased income. It had reported a net profit of Rs 15.48 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange filing. For the whole FY24, the company reported its net profit at Rs 58.32 crore, up from Rs 43.90 crore profit recorded in FY23. During the fourth quarter of FY24, the company's total income increased to Rs 217.40 crore from Rs 151.09 crore in the year ago. During the entire fiscal, the total income rose to Rs 485.54 crore from Rs 442.38 crore in the preceding fiscal. The expenses in the reporting quarter was at Rs 183.28 crore, up from Rs 128.56 crore registered in the same period last fiscal. The expenses were at Rs 408.18 crore in FY24 as against Rs 377.41 crore in the previous fiscal. In a separate statement, KP Energy Limited said it has received an order from Bhathwari ..

Gajanan S Kale takes over as CEO of Tata Power Delhi Distribution

Before joining Tata Power-DDL, Kale served as the Chief Executive Officer of TP Western Odisha Distribution Limited (TPWODL) since 2021

Power consumption rises nearly 10% to 70.66 bn units in first half of April

India's power consumption grew nearly 10 per cent year-on-year to 70.66 billion units (BU) in the first half of April this year, showing improvement in economic activities and consumption patterns, according to the power ministry data. According to the data, power consumption in the country rose to 70.66 BU during April 1-15 this year from 64.24 MU in the year-ago period. The peak power demand met or the highest supply in a day rose to about 218 GW in the first half of April compared to 206 GW in the same period a year ago. The highest supply in a day during the entire month of April last year was about 216 GW. The ministry has projected a peak power demand of 260 GW during the summer season (April to June) in view of longer heat wave duration. The peak power demand had touched an all-time high of 243 GW in September 2023. The India Meteorological Department (IMD) has predicted above-normal maximum temperatures in most parts of the country during summer this year. The experts sai

Juniper Green commissions 25.2 MW capacity of its 70 MW wind energy project

Delhi-NCR based Juniper Green Energy on Tuesday announced commissioning of 25.2 MW capacity of its 70-MW wind power project. The project has been commissioned almost nine months before the scheduled commercial date of operation, the company said in a statement. The operational 25.2 MW is part of the project's progressive rollout, it said. This project will deliver power under a 25-year Power Purchase Agreement (PPA) with GUVNL at a tariff of Rs 2.90, aligning with efforts to provide cost-effective and environmentally responsible energy solutions, as per the statement. The project is expected to produce around 230 MUs (million units) of electricity per year, aiding in Gujarat's renewable energy efforts and reducing carbon emissions by an estimated 2,13,055 tonnes annually. The initiative will supply power to about 45,440 households, showcasing Juniper Green Energy's role in promoting renewable energy adoption. Juniper Green Energy CEO Naresh Mansukhani said, "I am immensely proud

Jaguar develops mobile energy-storage unit using Range Rover batteries

The MAX BESS can charge up to nine Range Rover PHEVs at a time and can be recharged using a standard EV charger

Centre in a huddle to understand impact of the Iran-Israel tensions

Inter-ministerial meets, stakeholder talks take off

Fuelling tensions: West Asian conflict reveals India's oil vulnerability

Iran attacked Israel after an airstrike by Jerusalem on April 1 on an Iranian embassy compound in Damascus killed an Iranian general and six officers

Govt sets coal production target of producing 170 million tonnes for FY25

The government has set the target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the current financial year. In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 per cent higher from 116 MT produced in FY23. According to an official, additional secretary, coal, M Nagaraju this week reviewed the coal production targets for FY25. Representatives of 74 coal mines were present in the review meeting. "Coal block allottees are confident of achieving the production target of 170.0 MT in 2024-25," the official said. The additional secretary also reviewed the plans of anticipated operationalisation of new mines during 2024-25. Out of the total output of 147.2 MT in FY24, power sector captive mines produced around 121.3 MT, captive mines of the non-power sector produced 8.4 MT while commercial mines generated 17.5 MT of fuel. The country's coal import rose to 244.27 MT in the April-February pe

ReNew constructs 1.94 GW of renewable energy assets, hits 10 GW in capacity

Clean energy firm ReNew on Wednesday said it has completed construction of 1.94 GW of renewable assets in FY24, taking its total capacity to 10 GW. Accounting for assets sold, the company's revenue generating capacity stands at 9.52 GW as on March 31, 2024, the company said in a statement. The company added 1,174 MW of solar and 768 MW of wind energy during FY24. This is one of the highest-ever capacity additions of wind energy among all companies in India in a single year, it stated. ReNew, among the largest clean energy companies globally, announced on Wednesday that it has completed construction of 1.94 GW of RE assets in FY24, taking the cumulative capacity set up by the company to over 10 GW, the statement said. In FY24, ReNew contributed about 10 per cent of the country's total solar and wind energy generation. The company has India's largest wind portfolio of 4.7 GW, representing 10.5 per cent of India's total wind energy capacity, it stated. In 2023-24, ReNew won auction

India may devote more sugar to ethanol in blow to export hopes: Report

The nation extended its export restrictions in October to protect domestic supplies ahead of national elections

Lenders to invite bids for Hiranmaye Energy in the next few weeks

BHEL had petitioned to halt the insolvency process of the project, citing its pending dues emerging from an arbitral award

India aims to produce 100 GW nuclear power by 2047: AEC Chairman Mohanty

India aims to produce 1 lakh MW of nuclear power by 2047, a massive increase from the current production of over 8,000 MW, Atomic Energy Commission Chairman A K Mohanty said here on Wednesday. Mohanty was speaking at the release of a report, 'Synchronising Energy Transitions Towards Possible Net Zero for India: Affordable and Clean Energy for All', largely funded by the Office of the Principal Scientific Adviser to the government of India. Ravi B Grover, Chairman Emeritus of the Homi Bhabha National Institute, said the report was necessary as studies for energy transition for India have come up with a very insignificant role for nuclear citing high input cost and lower public acceptance. Mohanty said a vision document for 'Amrit Kaal' was being prepared by the Department of Atomic Energy which envisages reaching a nuclear capacity of about 100 GW by 2047. He said the breeder reactors would contribute 3 GW of nuclear power, while 17.6 GW would come from light water reactors built wi

Adani Power revives old ambitions as power demand surges in India

At present, the largest power producer in the country is NTPC with 75 Gw capacity and the largest private sector player is Adani Power, with Tata Power a close second

JSW Energy to raise $600 million via share sale to institutional investors

The share placement could be done in one or more tranches, the energy arm of JSW Group said in an exchange filing

Coal sector grows 11.6% in February, highest growth in core sectors

The coal sector has registered an 11.6 per cent growth, the highest among all eight core industries of the economy, in February, an official statement said on Monday. The index of coal industry has reached 212.1 points during February as compared to 190.1 points during the same month last year, the coal ministry said. "The coal sector has exhibited highest growth of 11.6 per cent (provisional) among the eight core industries for the month of February 2024 as per the Index of Eight Core Industries (ICI) (Base Year 2011-12) released by Ministry of Commerce & Industries," it said. On a cumulative basis, the index of coal industry increased by 12.1 per cent during April to February 2023-24 over the corresponding period of the previous year. ICI measures the combined and individual production performance of eight core industries namely, cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel. The Combined Index of Eight Core Industries experienced a

NTPC wins 3,445 MW renewable energy projects in total during FY24

State-owned power giant NTPC on Monday said it has won 3,445 MW of renewable energy (RE) projects in the fiscal year ending March 31, 2024. "NTPC wins 3,445 MW RE bids in FY 2023-24. This records 58 per cent of total RE tenders the company participated during the financial year which is the highest since it started participating in the bids," the company said. Currently, NTPC has 3.5 GW of RE operational capacity with over 20 GW (gigawatt) in the pipeline. NTPC Ltd, under the Ministry of Power, is the country's largest integrated power utility having 76 GW installed capacity that contributes 25 per cent of total electricity demand in India.

Waaree Energies bags 220 MW solar module supply order from Sprng Energy

Waaree Energies on Monday said it has secured an order from Sprng Energy to supply 220 MW of solar modules. It will supply the modules for Sprng Energy's upcoming project in Gujarat, Waaree Energies said in a statement. "This collaboration stands as an opportunity for Waaree to take on a crucial role in advancing India's green energy sector, aligning with our dedication to national sustainability objectives," Hitesh Chimanlal Doshi, Chairman & Managing Director of Waaree Group, said. Waaree Energies is among India's largest manufacturers of solar PV modules with an aggregate installed capacity of 12 GW, as of June 30, 2023.