Investments of Rs 70,800 crore are planned by Tata Power Renewable Energy Ltd (TPREL) for renewable energy projects in Tamil Nadu. As to a regulatory filing on Tuesday, the company, which is a part of Tata Power, has inked two Memorandums of Understanding (MoUs) with the Tamil Nadu government to facilitate the advancement of the…
November saw a rise in the nation’s power consumption of 119.64 billion units (BU), or approximately 8.5 percent, as a result of celebrations and more economic activity. Based on government data, power consumption was 110.25 billion units in the same period last year, which was more than the 99.32 billion units recorded in November 2021….
According to Fitch Ratings, strong industrial activity would likely fuel a 7% annual increase in domestic power demand in 2023–2024. The rating agency stated in a report that it anticipates a further shortening of the receivable days (or payment cycle) in the near future. Based on strong industrial activity, Fitch Ratings projects that India’s electricity…
Renewable energy sources can provide up to 90% of the world’s electricity by 2050 and up to 65% by 2030, according to Union Power and New & Renewable Energy Minister R K Singh’s statement on Tuesday. In his remarks at the Sixth Assembly of the International Solar Alliance (ISA), Singh stated, “By 2030, renewable energy…
L&T Construction said on Monday that during the current quarter, its Power Transmission & Distribution division had secured significant orders both domestically and internationally. To ease the strain on the state’s electrical transmission grid, the company has been given an order to build 400kV and 220kV transmission lines in Chhattisgarh. It received an order for…
On Monday, Tata Power Renewable Energy Ltd (TPREL) announced that it has reached a deal with Endurance Technologies Ltd for the construction of a 12.5 MW captive solar facility in Maharashtra. According to a statement from TPREL, it has already signed a Power Delivery Agreement (PDA) in this regard with Endurance Technologies Ltd. The plant…
