Coal India Q1 results: Net profit declines 10% to Rs 7,941 crore, beats estimate
CIL's total expenses in the first quarter increased 11.5 percent to Rs 26,745.68 crore from Rs 23,985.31 crore in the corresponding quarter of the previous fiscal.
Will add about 3,000 MT capacity of green hydrogen and its derivatives in FY24: Jakson Green Global CCO
The group as a whole (Jakson Group) has decided to scale up its solar manufacturing capacity from the current 1 GW to 2 GW. In that, it will also expand to cell manufacturing, instead of just making modules.
Govt temporarily eases mandate on biomass pellet co-firing in thermal power plants
The problem is that sufficient quantity of biomass pellet is not available in the country as of now, Union minister for power and renewable energy RK Singh said on August 4.
Green capex plans of Power Grid, NTPC look too ambitious
While both companies forecast rapid addition of projects in the coming years, they don't match current capex trends. Investors should watch their return ratios and earnings
Thermax Q1 profit flat at Rs 60 crore despite 18.5% rise in revenue
Consolidated revenue increased to Rs 1,986.02 crore in Q1 from Rs 1,675.02 crore a year earlier, the company said in a stock exchange filing on August 1.
Exclusive | NHPC needs Rs 11,000 crore for mega hydropower merger plan
The company said it has limited resources and may have to turn to the government to acquire the two smaller hydel companies.
What record plant availability at NTPC tells us about Indian power sector
Thermal power plant availability improved as electricity demand softened in June 2023 quarter
Power Grid Q1 profit falls 5.3%; Board approves bonus shares and fund raising
The company's Board also approved issue of bonus shares in the ratio of 1:3. Besides, it also approved to raise funds of up to Rs 12,000 crore in FY 2025 from the domestic market through bonds.
Adani Green's renewable energy capacity to cross 45 GW by 2030, says CEO
The company is focusing on localising the renewable energy supply chain through a comprehensive vendor development programme, said Adani Green Energy CEO Amit Singh
Why One Country Is Struggling to Break Away From Russian Gas
Austria, unlike most European Union countries, is still buying nearly as much natural gas from Russia as it was before the war in Ukraine.
Centre puts in place additional measures to improve financial health of discoms
Improper and non-transparent accounting, as well as non-payment or delayed payment of subsidy, is one of the reasons for the financial distress of discoms, the power ministry said.
Rays Power Infra, Serentica Renewables to set up 283 MW solar project
The project will create several job opportunities and business growth avenues for the subcontractors. The company is focusing on establishing more such power plants in Karnataka and other states, Rays Power Infra Director Pawan Sharma said.
LPS scheme brings down dues by nearly 50%, states' total due now stands at Rs 69,957 cr
According to industry data, in June last year, dues of power distribution companies' (DISCOMs) stood at Rs 1.39 lakh crore when the LPS scheme was launched
Alternative Energy: How offshore wind farms can come out of the doldrums
Many ongoing turbine farm projects were canceled last week due to rising costs and key investors looking at other energy options. If more of the infrastructure funds that are doing well can be persuaded to buy the debt and equity in established offshore projects from developers and banks, that will free up significant funds for new projects
Coal index posts steep fall, indicates sufficient stock of fuel
The National Coal Index (NCI) is a price index that combines coal prices from all sales channels, including notified prices, auction prices and import prices.
Exclusive | No more wind energy; NHPC will focus on solar power, says official
In addition, NHPC director (finance) RP Goyal said the Central government has asked the PSU to explore pumped storage projects with a total capacity of 22 GW. NHPC has also invited bids from select developers for 3 GW connected solar power projects across the country as part of the Centre's renewable energy bidding trajectory.
All tenders for Dibang hydropower project to be awarded by December: NHPC Ltd
Delayed for years over environmental and geological concerns, NHPC is finally all set to start work on the Dibang hydel project and commission the Subansiri and Parbati -II hydel projects by 2024. The three projects will augment India’s hydel power capacity by 5,680 MW (5.68 GW).
Will have at least 6 GW of group captive capacity within the JSW Group: JSW Energy CEO
Currently, we have close to 20-21 million accumulated carbon credits, which we trade overseas. Going forward, as our portfolio increases, we will generate more carbon credits, which we are excited to trade in India, Jain said.
The Green Pivot | India gets a golden opportunity to charge up solar power capacity
Cheaper Chinese modules can help optimise project costs and lower India’s solar equipment import bill
Electricity bills of Tata Power consumers in Mumbai to reduce by 25-35%
In May, Tata Power approached the APTEL seeking a stay on the multi-year tariff (MYT) for 2023-24 and 2024-25 issued by the Maharashtra Electricity Regulatory Commission (MERC).
India's power system struggling to accommodate growing renewable energy capacity: IEEFA report
The seasonality of wind energy and concentration of wind power generation assets in six states leads to grid congestion in during the high seasons, the report said.
NLC India CMD says no plans for divestment as of now; focus on asset monetization
The company has also sorted out most of the land acquisition issues for expansion of its lignite mine in Tamil Nadu's Cuddalore district, says Prasanna Kumar Motupalli. A section of the locals have been protesting against the project and in May, NLCIL had to shut five units of thermal power plant due to lignite shortage.
Chart of the Day | Thermal power plant utilisation levels steady, despite moderation in demand
Utilisation levels of thermal power plants exceeded 70 percent in April-June this year
The dismal state of power discoms threatens India’s energy dreams
The crucial fact missing in all the backslapping on investments in the power sector is that investments need to integrate from generation to transmission and distribution
