Page 5 - Power Sector

IEW Day 2: Sector majors sign strategic deals across the supply chain

"This development marks a major milestone in the ongoing efforts to diversify India's crude oil sources and strengthen energy cooperation with Brazil," BPCL said in a statement

EIL in talks with stakeholders to enter nuclear sector, targeting SMRs: MD

The EPC major has received Rs. 190 crore of orders from UAE's ADNOC in FY25

Bangladesh seeks full power supply restoration from 1,600 MW Adani plant

The state-run Bangladesh Power Development Board (BPDB) said it had been paying $85 million a month to Adani to clear outstanding dues and has now told the company to resume supply

India Energy Week: Alternative sourcing deals with global firms on cards

Energy Ministers from UK, Qatar and African economies to be present at 3rd IEW beginning today

Renewable energy projects of 40 GW fail to find buyers for green power

A senior official said, pausing more tenders was "seriously considered" till pending PPA/PSAs are signed, but no final decision was taken

Jindal Steel and Power, 2 other companies win coal gasification incentive

The ministry announced the selected applicants under Category-II of the Financial Incentive Scheme

Tata Power Q3FY25 results: Net profit rises 8% to Rs 1,030.7 crore

The company reported an 81 per cent jump in PBDIT to Rs 3,667.6 crore from a year ago. PBDIT is profit before depreciation, interest, and taxation

Tata Power Q3 results: Net profit rises 8.2% to Rs 1,031 cr, revenue up 5%

Revenue from operations rose 5.1% to Rs 15,391 crore

Budget 2025: PPP, asset monetisation open door for private sector

FM proposes Rs 1.5 trn outlay for 50-yr interest-free loans to states for capex

Power sector PSUs' investments to rise nearly 21% to Rs 86,138 cr in FY26

The government has proposed to increase total investment by the nine state-owned power sector firms by nearly 21 per cent to Rs 86,138.48 crore in 2025-26 compared to the previous fiscal year. According to the Budget document, the Revised Estimate (RE) of investment by these nine firms is pegged at Rs 71,278.33 crore for 2024-25 while the budgeted estimate (BE) of Rs 67,286.01 crore. State-owned power giant NTPC recorded the maximum increase in investment to Rs 26,000 crore in the next fiscal year from RE as well BE of Rs 22,700 crore in 2024-25. Similarly, the investment by Power Grid Corp will be raised to Rs 25,000 crore in the next fiscal year from the RE of Rs 20,000 crore and BE of Rs 12,250 crore in 2024-25. The investment by SJVN Ltd will be Rs 12,000 crore in FY26 as against the RE of Rs 7,000 crore this fiscal year. The amount was fixed at Rs 12,000 crore in BE for FY25. The investment by the NHPC will also go up to Rs 13,000 crore in the next fiscal year from RE of Rs .

Union Budget 2025-26: Key challenges in power infrastructure outlined

The Budget presents a unique opportunity to revisit some of the key modernisation programmes, said Shardul S Fadnavis, Partner & Utility transformation leader, PwC India

NTPC, Power Grid, NHPC, other power stocks rise up to 7% in trade today

In 2024, solar power spearheaded this growth with addition of 24.54 GW, registering 33.47 per cent year-on-year (Y-o-Y) rise in its cumulative installed capacity to 97.86 GW in 2024

Power utilities likely to see moderate growth in Q3FY25 earnings

Global coal prices are down due to oversupply and weak demand in China

Reliance Industries, L&T, and JSW line up new energy projects for 2025

RIL, L&T, and JSW likely to either commercialise their clean energy businesses or commission new ones in the near term

India adds about 30 GW renewable capacity in 2024, 113% higher than 2023

India logged a record high renewable energy capacity addition of about 30 GW in 2024, more than 113 per cent higher than 13.75 GW recorded in 2023, according to the Ministry of New & Renewable Energy data. This assumes significance in view of India's ambitious plan to have 500 GW of renewable energy capacity in the country by 2030. Besides, India needs to add an average of 50 GW of renewable energy capacity per annum over the next six years to achieve its target. "Exponential growth from 13.75 GW in 2023 to around 30 GW in 2024, resulting in achieving nearly 218 GW now underscores India's growing commitment to clean energy and its progress in building a greener future," New & Renewable Energy Minister Pralhad Joshi said in a post on X. According to the ministry data, India had 35.84 GW of renewable energy capacity as of March 31, 2014. Since the fiscal year 2014-15, when the NDA government took the reins at the Centre, India recorded the highest renewable capacity addition of .

PVUNL to commission three 800 MW units in phase-1 by Dec this year: CEO

The three 800 MW units of phase 1 of Patratu Vidyut Utpadan Nigam Limited (PVUNL) in Jharkhand's Ramgarh district will be commissioned by the end of this year, an official said. The Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture of National Thermal Power Corporation (NTPC) and Jharkhand Bijli Vitran Nigam Limited (JBVNL). Chief Executive Officer (CEO) of PVUNL, R K Singh on Friday said that the year 2025 would be a year of development and achievements for Jharkhand and Ramgarh as all three units of the phase-1 project with 2,400MW capacity would be commissioned by December 2025. As per the MoU signed between NTPC and JBVNL, 85 per cent of power generated by PVUNL would be supplied to Jharkhand, which will likely to get over 2,000MW power from phase-1. An initiative has been taken for 2800MW capacity power plant project in phase 2, he said. "PVUNL feels happy to announce that three units of 800 MW each are to be commissioned by December 2025 while the first unit of 80

Working on replicating trusted source product rules for power sector: NCSC

The government is working on trusted source product rules for equipment used in the power sector, after implementing it for telecom networks, National Cyber Security Coordinator (NCSC) M U Nair said on Thursday. Speaking at a cyber security conference of industry chamber FICCI, Nair said the implementation of the National Security Directive on Telecommunication Sector (NSDTS) in 2021 has made telecom networks, which is the backbone of entire public digital infrastructure, safe. "I'm sure you would have seen that the US is having a lot of problems with telecom networks. Since 2021, our telecom networks are fairly protected from cyber security vulnerabilities because they have addressed this issue of supply chain. Now should it be replicated in other ministries? This is something which the government is working on with Ministry of Power, because our energy grids need to be protected," Nair said. The rollout of NSDTS has led to virtual ban on purchase of equipment from Chinese ...

REC looks to sell Rs 2,848 cr bad loans in Corporate Power with 98% haircut

REC's exposure to CPL is part of a term loan extended by a consortium of lenders, where its voting share is 19.55 per cent in the liquidation process

CRISIL analysis: Sprint towards power sector's 500 Gw of green energy goal

As of October 2024, India's non-fossil base, including solar, wind, large-hydro and other renewables, surpassed 200 gigawatt (Gw)

Millions in Cuba remain in dark after blackout as national grid collapses

Cuba blames the crisis on US sanctions, which complicate financial transactions and the purchase of fuel