Page 12 - Power Sector

This stock zoomed 164% in 2 months on plans of stock split; up 816% in FY24

The company has fixed March 16 as the record date for its proposed 1:5 stock split.

NTPC Green, UP Rajya Vidyut to jointly develop renewable energy projects

NTPC Green Energy Limited has signed a joint venture agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited to develop renewable power parks and projects in Uttar Pradesh. The renewable energy (RE) power generated from the proposed joint venture company (JVC) will meet the Renewable Generation Obligation (RGO) of Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL), NTPC said in an exchange filing. "Wholly-owned subsidiary NTPC Green Energy Limited (NGEL) has signed a joint venture agreement with UPRVUNL on March 4, 2024, in Lucknow for development of renewable power parks and projects in Uttar Pradesh," it said. NGEL is a wholly-owned subsidiary of state-owned power giant NTPC with an operational capacity of over 3.4 GW and 26 GW in the pipeline, including 7 GW under implementation.

This state-run power generation large-cap has zoomed 102% so far in FY24

NTPC rallied 4 per cent to hit a fresh high of Rs 354 ahead of the foundation stone ceremony for its various projects worth Rs 30,023 crore by PM Modi today

Power use in Delhi rises 37%, total consumers up 52% in last 10 yrs: Report

Power consumption in the national capital rose nearly 37 per cent in the last decade from 25,593 Million Units (MUs) of electricity to 35,042 MUs, according to the Delhi Economic Survey report 2023-24 tabled in the Assembly on Friday. The report tabled in the assembly by Finance Minister Atishi, also revealed that the number of consumers in the city rose over 52 per cent during the same period. Delhi, being an urban centre with high load density has seen electricity consumption increasing from 25,593 MUs in 2011-12 to 35,042 MUs in 2022-23. The distribution of electricity in Delhi to various categories of consumers increased from 21,361 MUs in 2012-13 to 30,054 MUs in 2022-23. During the same period, the number of power consumers in Delhi rose from 44.64 lakh to 68.51 lakh, said the report. Also, the the total power purchase in Delhi was 40,997 MUs in FY23. While 09.65 per cent of total power purchase is generated by the Delhi government power plants, 90.35 per cent is purchased

Power Grid Corporation's prospects factored in at current valuations

For FY25, the planned capex is at Rs 15,000 crore, up from earlier guidance of Rs 12,500 crore, alongside capitalisation of Rs 17,000 crore for FY25

Companies to see more gains as India's power demand surge continues

The power demand for the quarterly period of October-December 2023 was 10 per cent higher than the previous year

J&K to be north's power hub after hydro projects completion: Jitendra Singh

Union Minister Jitendra Singh on Saturday said the Kishtwar district of Jammu and Kashmir is all set to emerge as north India's major "power hub after the completion of ongoing power projects with a total capacity of 6,000 MW. The Minister of State in the Prime Minister's office visited the 120-MW Seva-II hydropower project located on Himachal-J&K border near Bani in Kathua district, a part of his Udhampur parliamentary constituency. Reviewing the status of hydropower projects with NHPC, Director (Finance) R P Goyal and other officials, the minister said at least seven major Hydro power projects have come in the region in a short span ever since Narendra Modi took over as Prime Minister in 2014. Talking about the ongoing power projects in Kishtwar, he said the largest capacity project is Pakal Dul with a capacity of 1,000 MW which is expected to be completed by 2025 at an estimated cost of over Rs 8,000 crore. Another major project is Kiru Hydroelectric project with a capacity of .

RIL, Tata Power among firms in fray for $26-billion nuclear investment

This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India's total electricity generation

Power Grid approves investments of Rs 656 cr for transmission projects

State-owned Power Grid Corporation on Monday said its board has approved an investment worth about Rs 656 crore for implementation of electricity transmission projects in the country. "...its Board of Directors and 'Committee of Directors on Investment on Projects in their respective meetings held on 18th February, 2024, have accorded investment approvals," a BSE filing stated. According to the filing, the Board of Directors approved implementation of Unified Load Dispatch and Communication (ULDC) Phase-III (SCADA/EMS Upgradation Project Northern Region SLDCs at an estimated cost of Rs 514.66 crore with commissioning schedule of November 15, 2025. The Committee of Directors on Investment on Projects approved augmentation of 765/400 kV, 1500 MVA transformer (4th) at Bhiwani at an estimated cost of Rs 141.09 crore, scheduled to be commissioned by May 5, 2025.

Climate side of AI: Its thirst for energy is massive

As GenAI comes to mobile phones, the energy needed to generate photos and videos will be immense. Alongside are data centres which consume energy too for storing information

Power consumption grows 7.5% to 1354.97 bn units in FY23-24 from Apr-Jan

India's power consumption increased 7.5 per cent on-year to 1354.97 billion units (BU) in the April-January period of this financial year, indicating an uptick in economic activities across the country. Power consumption in the country has increased to 1354.97 billion units (BU) in the April-January period of this financial year, from 1259.49 BU in the April-January period of fiscal 2022-23, according to government data. It was 1505.91 BU in the entire fiscal year of 2022-23, the data showed. Experts believe the 7.5 per cent growth in power consumption in the country clearly shows a perk up in economic activities in the first 10 months of this fiscal year. They said power consumption grew in August, September and October, mainly due to humid weather conditions, and a pick-up in industrial activities ahead of the festive season. Experts are predicting a steady power consumption growth due to improvement in economic activities and cold wave conditions in February. They are of the vi

Govt is mulling listing of PSEs' green energy arms, says Dipam secretary

There is a lot of opportunity for subsidiary units of some of our important companies to come to the market, said Pandey

RECPDCL hands over Pachora Power Transmission SPV to GR Infraprojects

State-owned REC on Thursday said its arm RECPDCL has handed over Pachora Power Transmission SPV to GR Infraprojects. The SPV was formed for the establishment of the Interstate Transmission Project for evacuation of power from renewable energy (RE) projects in Rajgarh (1,000 MW) SEZ in Madhya Pradesh-phase II through a tariff-based competitive bidding process, REC said in a statement. The special purpose vehicle (SPV) Pachora Power Transmission was handed over to the successful bidder GR Infraprojects in the presence of senior officials from RECPDCL. Additionally, representatives from the Central Transmission Utility of India Limited (CTUIL) and other key stakeholders attended the event, it said. RECPDCL, a wholly-owned subsidiary of REC Limited, has been acting as bid process coordinator (BPC) for tariff-based competitive bidding (TBCB) in transmission line projects and RE-bundling projects. Under the Ministry of Power, REC Limited is a non-banking finance company (NBFC), and ...

PTC Q3 results: Net profit slips 7% to Rs 97 cr, income up at Rs 3,483 cr

Power trading solutions provider PTC India on Wednesday reported over 7 per cent fall in its consolidated net profit to Rs 97.04 crore for the December 2023 quarter, impacted by higher expenses. It had clocked a net profit of Rs 104.48 crore in the year-ago period, the company said in an exchange. The company's total income, however, increased to Rs 3,483.93 crore from Rs 3,146.91 crore a year ago. Its expenses surged to Rs 3,353.09 crore from Rs 3,003.86 crore in the third quarter last fiscal. PTC India Ltd, a government of India initiative, is the pioneer in starting a power market in India. The company has maintained its leadership position in power trading since its inception. The trading activities involve long-term trading of power generated from large power projects, including renewables and short-term trading arising as a result of supply and demand mismatches. In a separate statement, its CMD Rajib K Mishra said, "The 9 months of FY24 have witnessed a 5 per cent increase

BHEL bags order to set up 800 MW thermal power plant from Haryana

State-owned BHEL on Wednesday said it has bagged an order to set up an 800 MW ultra-supercritical thermal power plant at Yamunanagar in Haryana. The 800 MW Deenbandhu Chhotu Ram Thermal Power Plant (DCRTPP) will be Haryana's first ultra-supercritical technology-based power project, Bharat Heavy Electricals Limited (BHEL) said in a statement. "Under International Competitive Bidding (ICB), BHEL has won an order for setting up an 800 MW Ultra-supercritical thermal power plant on engineering, procurement and construction (EPC) basis, at Yamunanagar, Haryana, from HPGCL (Haryana Power Generation Corporation Ltd.)," the company said. On commissioning, this plant will offer more efficient parameters and consume less coal in comparison to the existing subcritical units in the state. The proposed 800 MW unit shall be established adjacent to the existing 2x300 MW units, currently operational at Yamunanagar, it said. BHEL said it has executed central and state thermal utility projects of ove

Power Mech Projects Q3 results: Net profit rises 22% to Rs 62 crore

Power Mech Projects Ltd on Tuesday posted a 22.5 per cent rise in consolidated net profit to Rs 62 crore for the quarter ended December 2023, aided by higher income. It had reported a net profit of Rs 50.6 crore in the October-December period of the preceding financial year, the company said in an exchange filing. Its total income rose to Rs 1,114.9 crore from Rs 912 crore a year ago. Expenses stood at Rs 1,008.2 crore against Rs 840.9 crore in the third quarter of the last fiscal. Hyderabad-based Power Mech Projects is one of the leading infrastructure-construction companies providing a spectrum of services in the power and infrastructure sectors.

Hartek Power secures substantial Rs 113 crore order from state-owned SJVN

Hartek Power on Tuesday said it has bagged an order of Rs 113 crore from state-owned SJVN in Jamui, Bihar. The project entails developing, implementing, and maintaining a 75 MW (AC) grid-connected solar PV power plant, along with a 132 kV sub-station, Hartek Power said in a statement. The scope of work also includes land development, design, engineering, equipment procurement, testing at the manufacturer's works, packing, forwarding, and transportation, the company said. "Our expertise and dedication will ensure the successful implementation and seamless operation of the 75MW solar project in Jamui," Sanjeev Gupta, CEO of Hartek Power, said. Hartek Power, the power infrastructure arm of Hartek Group, is one of the leading EPC companies in India in the power system sector.

Tata Power stock likely to remain subdued in near-term; here's why

The company is focussed on tapping the market for high-margin captive renewables opportunities, exploring brownfield pumped hydro storage, and expanding the transmission business beyond distribution

UP info commission issues arrest warrant as power dept 'ignores' RTI query

The Uttar Pradesh Information Commission has issued an arrest warrant against four power department officials for ignoring an RTI query related to a Rs 2.24-lakh bill against a connection issued in 1911, and also disobeying the panel's summonses, officials have said. The arrest warrant was issued recently against Superintending Engineer Anil Verma, Executive Engineer R K Gautam, Sub Divisional Officer Sarvesh Yadav and Sub Divisional Officer Ravi Anand. State Information Commissioner Ajaya Kumar Uprety said the warrant was issued under section 18 (3) of the Right to Information Act and powers given in the CPC (Civil Procedure Code) 1908. "This is the first time the UP state information commission has initiated such a strong penal action against erring officials ever since the RTI Act came into existence in 2005," State Information Commissioner Ajaya Kumar Uprety told PTI. prety has asked Kashi zone Deputy Commissioner of Police Pramod Kumar to produce these officials before the ...

Seychelles to work with India on joint biofuels project, says minister

While Seychelles joined the India-led Global Biofuel Alliance last year, it has yet to begin using the alternative fuel