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SECTOR | 14 Nov 2024

Why CLSA Is Cautious On Bharat Heavy Electricals Despite Thermal Power Project Win

NDTV Profit

This recent uptick in orders does not justify BHEL's pricey valuation, CLSA said.

Energy and Power

SECTOR | 13 Nov 2024, 07:34PM

Saatvik Green Energy enters solar pump biz with order from Maharashtra

Business Line

Saatvik Green Energy partners with Maharashtra State Electricity Distribution Company to supply solar submersible pumps, supporting sustainable irrigation solutions.

Energy and Power

SECTOR | 12 Nov 2024, 10:33PM

India's renewable energy capacity rises 13.5% to 203 GW in October

Business Standard

India's total renewable energy capacity increased by 13.5 per cent or 24.2 GW in a year to reach at 203.18 GW in October 2024 from 178.98 GW in October 2023, an official statement said This rise aligns with India's ambitious targets in the field of RE sector, a statement by New and Renewable Energy Ministry said. Including nuclear energy, the total non-fossil fuel capacity rose to 211.36 GW in 2024, compared to 186.46 GW in 2023, it stated. According to the statement, the solar sector saw a remarkable increase of 20.1 GW (27.9 per cent), growing from 72.02 GW in October 2023 to 92.12 GW in October 2024. The combined total solar capacity, including projects under implementation and tendered, now stands at 250.57 GW, a significant rise from 166.49 GW last year. Wind energy also demonstrated steady growth, with installed capacity increasing by 7.8 per cent, from 44.29 GW in October 2023 to 47.72 GW in 2024. Total capacity in the pipeline for wind projects has now reached 72.35 GW.

Energy and Power

SECTOR | 12 Nov 2024, 01:52PM

Servotech Power Systems secures 2 MW on-grid solar project from UP govt

Business Line

Inox India gains 4% on bagging LNG tanks & regasification order in Bahamas

Business Standard | 12 Nov 2024, 11:53AM 3 more

Energy and Power

SECTOR | 11 Nov 2024

Satellite images indicate China working on nuclear propulsion for aircraft

Business Standard

China has built a land-based prototype nuclear reactor for a large surface warship, in the clearest sign yet Beijing is advancing toward producing its first nuclear-powered aircraft carrier, according to a new analysis of satellite imagery and Chinese government documents. China's navy is already the world's largest numerically, and it has been rapidly modernising. Adding nuclear-powered carriers to its fleet would be a major step in realising its ambitions for a true "blue-water force capable of operating in seas far from China in a growing global challenge to the United States. Nuclear-powered carriers would place China in the exclusive ranks of first-class naval powers, a group currently limited to the United States and France, said Tong Zhao, a senior fellow at the Carnegie Endowment for International Peace in Washington, DC. For China's leadership, such a development would symbolise national prestige, fueling domestic nationalism and elevating the country's global image as a ..

Energy and Power

SECTOR | 10 Nov 2024

India on road to achieving 500 GW of RE

Business Line

Renewable energy is a sector where there is strong alignment and co-operation between the Centre and the States. Public sector units and the private sector must now deliver

Energy and Power

SECTOR | 08 Nov 2024

Adani Power further cuts Bangladesh power supply over payment dispute

Business Standard

Late on Thursday, supply was further reduced to about 520 MW, according to Power Grid Bangladesh data and an official with the Bangladesh Power Development Board (BPDB)

Energy and Power

SECTOR | 08 Nov 2024

Odisha govt approves investment of Rs 3,353 crore in various sectors

Business Standard

The Odisha government on Friday gave its nod to 15 new industrial projects with a total investment of Rs 3,353 crore, which is expected to generate 4,637 jobs. The approvals came during a meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Manoj Ahuja. These projects cover a wide range of sectors, including Chemical/Renewable Energy, Steel, Aluminium, Food Processing, Manufacturing, Textile & Apparel, Tourism, Pharmaceuticals, and Cement. They will be implemented across several districts, such as Koraput, Khurda, Baragarh, Puri, Cuttack, and Jharsuguda. In the chemical/renewable energy sector, Reliance Bio Energy Limited will set up a compressed bio-gas and organic manure plant in Puri with an investment of Rs 121.21 crore. The project is expected to create 69 jobs, officials said. In the steel sector, Beekay Steel Industries Ltd. plans to invest Rs 750 crore in Cuttack, expanding its operations with sponge iron, billets, ferro alloys,

Energy and Power

SECTOR | 08 Nov 2024

Reliance Power shares drop 5% after it gets debarred from SECI for 3 yrs

Business Standard

Shares of Reliance Power Ltd fell by 5 per cent on Friday as the company and Reliance NU BESS Ltd have been debarred from participating in Solar Energy Corporation of India Ltd (SECI) tenders for three years for allegedly submitting "fake documents". The stock tanked 4.99 per cent to Rs 41.47 -- its lower circuit limit -- on the BSE. On the NSE, shares of the firm dropped 5 per cent to hit the lowest trading permissible limit for the day at Rs 41.58. In a note, SECI said, "Based on the examination of documents submitted by Maharashtra Energy Generation, now known as Reliance NU BESS (for a project), it was discovered that as per the tender requirements, the endorsement of the Bank Guarantee against EMD (issued by a foreign Bank), as submitted by the Bidder, was fake." The issue is related to the RfS issued by SECI for setting up 1000 MW/2000 MWh Standalone BESS Projects under tariff-based competitive bidding. Since the above discrepancy was discovered subsequent to the e-reverse .

Energy and Power

SECTOR | 08 Nov 2024

Greenzo Energy secures 120 MW solar projectin Nepal

Business Line

The project will be structured across 12 clusters, each with a 10 MW solar installation and will be fully ground-mounted,with the development ofan advancedhigh-tension transmissionlineto connect directly to the Nepal Electricity Authority (NEA) grid

Tata Power partners with Noida Airport for Rs 550 cr clean energy project

Business Standard | 07 Nov 2024 2 more