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SECTOR | 07 Nov 2024

GoI invites proposals for establishing Centres of Excellence under Green Hydrogen Mission

Business Line

This initiative, launched by the Ministry of New and Renewable Energy, aims to position India as a global leader in Green Hydrogen technologies by enhancing research in production, storage, and utilization

Energy and Power

SECTOR | 07 Nov 2024

Waaree Renewables Aims To Complete 1.2 GW Projects In Second Half Of FY25

NDTV Profit

The CFO estimated the revenue potential from the projects totaling 1.2-GW capacity at roughly Rs 1,200 crore.

Nxtra To Invest Rs 5,000 Crore To Double Data Centre Capacity To 400 MW By 2027

NDTV Profit | 06 Nov 2024 2 more

Energy and Power

SECTOR | 06 Nov 2024

At 53.5 crore, Waaree Renewable Technologies' Q2 net surges 160.5 pc y-o-y

Business Line

The EPC segment achieved customer billing of 583.4 crore for a volume of 528.56 MW compared to 141 crore for a volume of 170 MW

RRP Semiconductor secures 440 crore order from Telecrown Infratech for solar project

Business Line | 06 Nov 2024

Energy and Power

SECTOR | 06 Nov 2024

Global Renewable Energy Investment To Hit $3.1 Trillion In 2024: Report

NDTV Profit

The World Solar Market Report said exceptional growth was witnessed in solar, with global capacity soaring from 1.22 GW in 2000 to 1,418.97 GW in 2023.

Surat-based KP Energy wins 1,000-MW order from GUVNL

Business Line | 05 Nov 2024 1 more

Energy and Power

SECTOR | 05 Nov 2024

Indian Energy Exchange electricity trade volumes up 4% at 9,642 MUs in Oct

Business Standard

Indian Energy Exchange's (IEX) total trade volume rose 4 per cent year-on-year to 9,642 million units (MU) in October this year. During the month, the exchange-traded 4.44 lakh renewable energy certificates (RECs), recording a 105 per cent year-on-year increase. It has achieved electricity traded volume of 9,642 million units (MU) in October 2024, marking a 4 per cent year-on-year increase, IEX said in a statement. A total of 4.44 lakh RECs were traded in the trading sessions held on October 9 and 30 at a clearing price of Rs 110/REC and Rs 120/REC, respectively. The Day-Ahead Market (DAM) volume declined 7 per cent to 4,388 MU in October from 4,742 MU volume in the same month last year. The Real-Time Electricity Market (RTM) achieved a monthly volume of 3,123 MU in October 2024 compared to 2,402 MU a year ago, a rise of 30 per cent. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 872 MU volume during October 2024 against 188 MU in

Energy and Power

SECTOR | 05 Nov 2024

RE sector saw strong activity in October with over 11 GW in tenders issued

Business Line

Auction allocations also gained momentum, with 6,316 MW of renewable energy capacity assigned to various developers

Energy and Power

SECTOR | 05 Nov 2024

Sri Lanka's new govt reverses key economic reform for IMF bailout package

Business Standard

The new National People's Power (NPP) government in Sri Lanka on Tuesday announced its first reversal of a key element in the ongoing IMF bailout programme concerning the loss-making state-owned enterprises. The government reversed the Electricity Act, approved in June this year under then-president Ranil Wickremesinghe's government, introducing major reforms to the state power entity Ceylon Electricity Board (CEB). The Marxist NPP trade unions had then agitated against the bill. A CEB trade union leader who led the agitation is an NPP candidate in the parliamentary election scheduled for November 14. A CEB statement on Monday said the entity's privatisation programme would be scrapped and vowed to amend the CEB Reforms Act of 2024. It said there would be no privatisation of state-owned power plants, transmission and distribution processes. The CEB Reforms Act of 2024 paved the way for private sector competition in power generation. The move was aimed at easing the burden on publ

Energy and Power

SECTOR | 04 Nov 2024

Subsidies to oil & gas sector reduce 85% to $3.5 bn in 10 years: MNRE

Business Standard

Subsidies to the oil & gas sector saw a reduction of 85 per cent from a peak of USD 25 billion in 2013 to USD 3.5 billion by 2023, according to an official note on Monday. Since 2010, India has steadily reformed its fossil fuel subsidies, adopting a "remove, target, and shift" approach, the Ministry of New and Renewable Energy (MNRE) said. The ministry said, as per a report of Asian Development Bank (ADB), structured approach, including adjusting retail prices, tax rates, and subsidies on select petroleum products collectively reduced fiscal subsidies in the oil and gas sector by 85 per cent from a peak of USD 25 billion in 2013 to USD 3.5 billion by 2023. "A significant step in this journey was the gradual phasing out of petrol and diesel subsidies, coupled with incremental tax hikes. These reforms created fiscal space for greater government support in renewable energy initiatives, electric vehicles, and critical electricity infrastructure," it said. From 2014 to 2017, tax...

Energy and Power

SECTOR | 04 Nov 2024

NTPC, ONGC Collaborate To Work In New And Renewable Energy Space

NDTV Profit

NGEL has also submitted an application to the Ministry of Corporate Affairs for the incorporation of a 50:50 Joint Venture Company with OGL.

Energy and Power

SECTOR | 04 Nov 2024

Bangladesh fast tracks payment to Adani Power ahead of November 7 deadline

Business Standard

The Gautam Adani-owned company reduced the power supply to Bangladesh to 700-800 MW this month, nearly half than earlier, after failing to secure its dues of $846 million