On Monday, Bharat Heavy Electricals Limited (BHEL) revealed that it had received orders totaling more than Rs 11,000 crore from Adani Power and Mahan Energen, a subsidiary of Adani Power, for the provision of equipment (such as boilers, turbines, and generators) and supervision of the erection and commissioning of three power projects located in Mahan,…
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…
According to the coal ministry, more than one billion tons of coal would probably be shipped in the current fiscal year. This was announced on Thursday. During the current fiscal year, the coal ministry aims to produce and deliver 1,012 million tonnes (MT) of coal to customers. The rate of production and dispatch is often…
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…
State-owned Coal India increased its supply of coal to the power sector by 3.4 percent to 294.8 million tonnes in the first six months of the current fiscal, despite record high demand for electricity in the previous two months, the Maharatna business said on Monday. Coal India Ltd (CIL) said in a statement that the…
On Tuesday, Tata Power announced an investment of Rs 13,000 crore for the construction of two pumped hydro storage projects (PSPs) in Maharashtra. The business stated that the two projects will have a combined capacity of 2,800 MW without providing a timetable for the expenditure. A corporate statement defining a PSP stated that during periods…
The National Electricity Plan (NEP) for 2022–2032, with a proposed investment of Rs. 33,60,594 crore, was announced by the Central Electricity Authority (CEA) on Wednesday. The plan aims to increase the share of non-fossil fuel capacity to about 70%. “The share of non-fossil based capacity is expected to increase from around 42.5% at present to…
