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Energy and Power

SECTOR | 06 Jan 2025

Sterlite Grid 32 gets Rs 2,450 cr via listed NCDs to refinance MUML project

Business Standard

Power transmission solution provider Sterlite Grid 32 Ltd (SGL32) on Monday announced securing Rs 2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg Ltd project. The National Bank for Financing Infrastructure and Development (NaBFID) and India Infrastructure Finance Company Limited (IIFCL) have emerged as the successful bidders to the NCDs that have been listed on the Bombay Stock Exchange (BSE), according to a statement. This is the first listed NCD issuance of Sterlite Grid 32 Limited after its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by CRISIL Ratings. The infrastructure business of Sterlite Power Transmission Ltd was demerged into Sterlite Grid 5 Limited (SGL5) effective October 8, 2024. SGL5 has recently entered into a joint venture with GIC of Singapore, following which SGL5 is to execute all its transmission projects in India through Sterlite Grid 32 Limited (SGL32). Pratik Agarwal, Director, Sterlite Gri

Energy and Power

SECTOR | 06 Jan 2025

Gensol Engineering share: Small-cap solar, EV stock jumps 6% after receipt of 1,061 crore project

livemint

Gensol Engineering shares rose 6.13% to 796.40 after winning a significant EPC contract for a 275 MW solar PV project in Gujarat, valued at 1,061.97 crore.

Energy and Power

SECTOR | 06 Jan 2025

Waaree Energies commences trial production at solar cell manufacturing unit in Gujarat

Business Line

At 5.4 GW capacity, it attains the position of India's largest advanced solar cell manufacturing plant, stated the company in an official release

India set to add 18 GW coal-based power capacity by FY26

Business Line | 06 Jan 2025

Energy and Power

SECTOR | 06 Jan 2025

NTPC Green shares gain 4% in trade; What's boosting upmove in stock?

Business Standard

NTPC Green and Uttar Pradesh Rajya Vidyut Utpadan Nigam formed a joint venture to develop, operate, and maintain Renewable Energy Parks and projects

Energy and Power

SECTOR | 05 Jan 2025

NTPC Green's Arm Wins 1,000 MW Solar Power Project

NDTV Profit

The tender is part of process to select solar power developers for 2000 MW of ISTS-connected solar PV projects across India.

NTPC Renewable Energy bags 1,000-MW solar power project

Business Line | 05 Jan 2025

Energy and Power

SECTOR | 04 Jan 2025

India ahead of other nations in green hydrogen sector: Union minister Joshi

Business Standard

Union Minister of New and Renewable Energy Pralhad Joshi on Saturday said India is ahead of other countries in the field of green hydrogen. The Union government has floated a tender for the world's largest green ammonia demonstration project, he said during a visit to a floating solar plant in the Omkareshwar Dam in Madhya Pradesh's Khandwa district. Further, the work of offshore wind power projects is underway and tenders have been invited in Gujarat, the minister told reporters. "When we talk about offshore wind power, it means installing windmills in the sea, which requires development and upgradation of ports and transmission infrastructure. Along with this, work on geothermal (power) is also underway, though it is at the primary stage," Joshi said. A revolution is taking place in the field of solar energy, and India is becoming the world leader in renewable energy, he said. "India is ahead in the field of green hydrogen, compared to other countries. We have floated a tender .

Energy and Power

SECTOR | 03 Jan 2025

Telangana To Add 20,000 Megawatts Renewable Energy By 2030 With New Policy

NDTV Profit

Telangana is targeting to achieve an additional 20,000 MW of renewable energy and storage capacity by 2030, he said.

KPI Green Energy shares fall 3% despite 32.15 MW solar project wins for subsidiary

Business Line | 03 Jan 2025 2 more

Energy and Power

SECTOR | 02 Jan 2025

Don't depend on freebies, produce own solar power, says Prahlad Joshi

Business Standard

Union Minister for Renewable Energy Prahlad Joshi urged people on Thursday not to be dependent on the governments for freebies, but to produce their own solar power. Joshi attended a consultative meeting with the consumers, electricity supply company (ESCOM) officials, and people's representatives to discuss Surya Ghar Muft Bijli Yojana here on Thursday. "I will not comment on what the motives were behind the distribution of free power generated using environmentally harmful core sector material. But sustainability in the power sector is going to be the key to a safer future for the country," said Joshi, who is also the Union Minister of Consumer Affairs, Food and Public Distribution. According to Joshi, Surya Ghar Muft Bijli Yojana launched by Prime Minister Narendra Modi on February 15, 2024 aims to provide free electricity to households in India by providing a subsidy to install solar panels on their roofs. The subsidy will cover up to 40 percent of the cost of the solar panels.

Himachal to allocate 22 new hydropower projects of 828 MW capacity: Sukhu

Business Standard | 02 Jan 2025 1 more

Energy and Power

SECTOR | 01 Jan 2025

Nuclear power industry opens doors to private companies, with caveats

Business Standard

Experts say stringent terms could make industry apprehensive

Energy and Power

SECTOR | 01 Jan 2025

India's power consumption increases nearly 6% to 130.40 bn units in Dec

Business Standard

India's power consumption rose nearly 6 per cent to 130.40 billion units (BU) in December as compared to the year-ago month. In December 2023, power consumption was 123.17 BU, as per government data. The highest supply in a day (peak power demand met) also rose to 224.16 GW in December 2024 from 213.62 GW in the year-ago period. The peak power demand touched an all-time high of about 250 GW in May 2024. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. Earlier this year, the power ministry projected a peak power demand of 235 GW during the day and 225 GW during evening hours for May 2024 while 240 GW during daytime and 235 GW in the evening hours for June 2024. The ministry had also estimated that peak power demand may hit 260 GW in the summer of 2024. According to government estimates, peak power demand is expected to touch 270 GW in the summer of 2025. Experts opined that power demand as well as consumption showed an improvement last mo

India's Power Consumption Up 6% In December, Peak Demand Hits Record 250 GW In May 2024

NDTV Profit | 01 Jan 2025 2 more