Page 8 - Power Sector

Centre, power industry exploring curbs on most potent greenhouse gas SF6

The stable nature that makes SF6 an excellent insulator also aggravates its impacts on the climate

Volume outlook, e-auction premiums remain positive for Coal India stock

Given a strong volume outlook, e-auction premiums and assuming lower operating costs, the long-term outlook remains positive

Bonfiglioli starts work for Rs 320 cr Tamil Nadu unit; to start ops by 2025

The 25-acre Cheyyar plant reinforces Bonfiglioli 's commitment to the 'Make in India' initiative and solidifies its position as one of India's largest gearbox manufacturers

This transformer stock surged 55% in 7 days; zoomed 1229% in 18 months

Shares of Indo Tech Transformers hit a new high of Rs 2,507, surging 5 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market on healthy business outlook.

PLI scheme for power transmission soon: Power Secretary Pankaj Agarwal

He was speaking on the sidelines of a brainstorming session organised by the Central Electricity Authority (CEA), the technical arm of the Ministry of Power

How Pak Army 'coerced' five power companies to end contracts prematurely

Prime Minister Shehbaz Sharif's office stated that the companies had 'voluntarily agreed' to prioritise national interest over their business concerns

Torrent Power wins order to supply 2,000 MW pumped storage in Maharashtra

Torrent Power on Tuesday said it has secured a contract from the Maharashtra government to supply 2,000 megawatt energy storage capacity from its upcoming plant in the state. In a statement, Torrent Power said it has received the order for an additional 500 MW capacity supply in addition to 1,500 MW awarded last month, taking the total supply order to 2,000 MW capacity. "...received letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS connected pumped hydro storage plant," the company said. MSEDCL will procure energy storage capacity from Torrent Power's InSTS (intra state transmission) connected pumped hydro storage for a period of 40 years. The company plans to supply the storage capacity from its upcoming storage plant in Maharashtra. Torrent Power said it has also identified Pumped Storage Project (PSP) sites in several other states. The company has earlier announ

Higher e-auction share key for Coal India stock; 15% target boosts outlook

Given predictable demand and steady growth, if e-auction at 15 per cent is achieved, the outlook is positive

ENGIE pursuing organic growth for India renewables portfolio: Group CEO

India is expected to have a fair share of the €22-25 billion in investments the firm has planned over a three-year period between 2023 and 2025

Over 1.6 million US customers still without power after Hurricane Helene

US energy company Duke Energy had the most power outages in the Carolinas with about 415,601 customers still out in South Carolina and 287,369 out in North Carolina, according to PowerOutage.us.

Tata Power to invest $14.3 billion in Rajasthan over next 10 years

Tata Power on Monday said it has inked an initial pact with the Rajasthan government for investment of Rs 1.2 lakh crore, including Rs 75,000 crore in green energy, in the state's power sector. The 10-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply. Investments will be made in renewable energy projects and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging, a company statement said. The MoU was signed during the 'Rising Rajasthan' Investor Meet in New Delhi on Monday. An amount of Rs 20,000 crore will be invested in the state transmission and distribution area to modernize the grid infrastructure, reduce energy losses, and improve power quality across the state. Besides, Rs 10,000 crore will be invested for transmission systems exploring opportunities to develop nuclear power plant. Nearly Rs 75,000 crore will be for renewable energy projects.

Madhya Pradesh RIC attracts over Rs 23K cr investments; 28K jobs expected

The proposed investment is expected to generate around 28,000 jobs, with the highest investment of Rs 6,800 crore in the renewable energy sector

BSES launches 'Tatkal' scheme for same-day temporary power connections

The BSES has launched a 'Tatkal' scheme for providing same-day temporary electricity connections ahead of the festival season to enhance the festivities and reduce pollution, it said on Thursday. People can apply for new connections via the BSES website, mobile application, WhatsApp, or at customer care/Digi Seva centres, it said. "The BSES has launched 'Tatkal', offering same-day temporary electricity connections for events such as Durga Puja, Diwali melas, Ramlilas, and weddings. Consumers can now obtain a temporary connection within 24 hours after completing the required formalities. This initiative not only enhances the festive spirit but also contributes to efforts to reduce air pollution," the statement said. With the city's pollution levels traditionally spiking during the winter and festival months, the Graded Response Action Plan (GRAP) -- under the guidance of the Commission for Air Quality Management (CAQM) -- was notified on September 18, it said. Aligning with this ...

Reliance Power's subsidiary Rosa prepays Rs 850 cr debt to Varde Partners

The prepayment brings Rosa Power closer to achieving zero debt, following its parent company's debt-free status earlier this month

Power giant NHPC pays final dividend of Rs 338.5 cr to Centre for FY24

State-owned hydro power giant NHPC on Monday said it has paid a final dividend of Rs 338.51 crore to the Government of India for 2023-24. In addition, an interim dividend of Rs 947.82 crore for 2023-24 was paid on March 5, 2024, aggregating a total dividend of Rs 1,286.33 crore for the entire fiscal year, the company said in a statement. "NHPC has paid a final dividend of Rs 338.51 crore to Government of India for the FY2023-24 on September 20, 2024," a company statement said. The dividend payout bank advice was presented to Union Minister of Power and Housing and Urban Affairs Manohar Lal Khattar by NHPC CMD R K Chaudhary on Monday, it said. The company's board of directors in its meeting on May 17, 2024 recommended a final dividend at the rate of Rs 0.50 per equity share i.e. 5 per cent of the face value for 2023-24 that was approved in the annual general meeting on August 28, 2024. In addition, an interim dividend at the rate of Rs 1.40 per equity share, or 14 per cent of the f

Thermal capacities needed till RE supply equals demand: Power minister

There is a need to continue with installation of new thermal capacities as the supply of green power is not in line with demand, Union Minister Manohar Lal said on Monday. He also said that any call on reducing installation of thermal capacities can only be taken after 2030. The union power minister made the remarks at an event to brief 100-day achievements of the Modi-3.0 government in the national capital. "Till the supply of renewable energy does not matches the demand, it seems necessary to increase the capacity of thermal plant in the country, and reduce its installation gradually. But till 2030-35, We have to take these (thermal projects) ahead," Lal said. The government is looking to set up an additional 80 GW coal-based capacity by 2031-32. According to Power Secretary Pankaj Agarwal, in 100 days of the present government, 12800 MW or 12.8 GW capacity has been awarded for construction, while 28 GW is under progress. The minister further said that the National Electricity

Over Rs 3 trn needed each year to reach 440 GW RE capacity by 2030: ICRA

An investment of over Rs 3 lakh crore is needed every year in the renewable energy sector to take India's installed green capacity to 440 gigawatt, Icra experts said on Friday. "We expect India to have 440 gigawatt installed capacity of renewable energy by 2030," Vikram V, Vice President & Co-Group Head - Corporate Ratings, ICRA Ltd said at a media roundtable. The estimated capacity would require incremental investment of at least Rs 3 lakh crore every year over the next five to six years, Girish Kumar Kadam, Group Head Corporate Sector Ratings at ICRA Ltd. He further said to meet the renewable purchase obligation (RPO) target of 43 per cent by 2030, the renewable energy capacity should more than double to 440 GW from the current level of 200 GW. The government's target is to have 500 gigawatt of installed renewable energy capacity by 2030. Sharing his outlook for the RE sector, Kadam said India has made significant progress in renewable energy capacity addition with a strong ...

SJVN generates 8,489 MU of power as green energy in FY24: CMD Sharma

State-owned SJVN generated 8,489 million units (MUs) of green energy from its operational hydro, solar and wind power stations in 2023-24, a top company official said. SJVN CMD Sushil Sharma made the remarks at the company's 36th Annual General Meeting (AGM) for the 2023-24 financial year. "Despite facing challenging hydrological conditions due to climate change, SJVN demonstrated resilience in its operations. In FY24, the company generated 8,489 MUs from its operational hydro, solar and wind power stations," a company statement quoted Sharma as saying. The power stations set new records, including highest-ever daily generation of 39.570 million units (MU) and 10.971 MU by 1,500 MW NJHPS (Nathpa Jhakri Hydro Power Station) and 412 MW Rampur HPS, respectively, in July 2023. The highest-ever monthly generation of 1,590.072 MU was recorded from all operational projects in August 2023 and Rampur HPS also achieved the highest-ever monthly generation of 337.165 MU during the month. Duri

Global oil importance wanes, but it remains key to India's economic growth

India may contribute around 8% to global GDP growth in 2024 while accounting for over 22%of global oil demand growth

MHI all set to auction final 10 gigawatt-hour of the ACC PLI scheme

In June 2021, MHI launched the Rs 18,100 crore ACC PLI scheme with a total capacity of 50 GWh