Reliance Nu Solar Energy Corporation of India awarded a 930 MW solar energy contract for a battery energy storage system project to Suntech, a Reliance Power subsidiary, in an e-reverse auction on December 9. Following the tender conditions, Reliance NU Suntech will also need to install a minimum of 465 MW/1,860 MWh of solar-powered storage…
On Thursday, Power Mech Projects Ltd. declared that it has secured an order from Talwandi Sabo Power Limited, a Vedanta Limited subsidiary, for the Operation and Maintenance (O&M) of a 3X660 MW supercritical thermal power plant in Punjab’s Mansa District’s Banawala Village. The company announced in a regulatory filing that it had received an order…
The Maharashtra State Electricity Distribution Company Limited (MSEDCL), an arm of the Maharashtra government, has awarded a Letter of Award (LoA) to Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, for the development of a 400 MW wind-solar hybrid project in the state. The announcement was made on Wednesday. The company stated…
With the potential to create 26,000 jobs, Torrent Power Limited said on Monday that it had committed an investment of Rs 64,000 crore during the fourth iteration of “RE-Invest 2024” in Gandhinagar. The company announced in a regulatory filing that it has sent two “Shapath Patra” to the Indian government’s Union Ministry of New and…
Due to strong domestic valuations and volatility in the global market, foreign institutional investors (FIIs) engaged in a wave of significant selling during the first two weeks of August. However, later in the month, they turned their attention to purchasing, allocating Rs 25,000 crore across eight important sectors. With purchases of Rs 5,297 crore, consumer…
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…
