Indian Metal & Energy Industry News & Updates - Power
NCLAT allows Sarda Energy to seek tribunal nod for its SKS Power offer
Delhi's power demand crosses 6,800 MW as mercury rises: Discoms
Adani Energy Solutions buys Essar Transco for ₹1,900 crore
Delhi's power demand peaks at 6,780 MW; may reach 8,000 MW this summer: Discoms
Power Finance Corp Q4 Results Live : profit rise by 20.26% YOY
PFC examining RBI's draft norms on project financing, sees no impact on profitability
Thermal PLFs to remain healthy amid power demand-supply mismatch: Report
Coal's share in India's power generation capacity drops below 50% for 1st time since 1960s
Power Finance Corporation’s Q4 profit grows 23% to Rs 7,556 crore
Tata Power DDL organises networking meet
Capacity utilisation of gas-based power plants at 14.8% in FY24
The capacity utilisation, or plant load factor (PLF), of gas-based power plants rose to 14.8 per cent in FY24 from 11.5 per cent in FY23 aided by India’s rising electricity consumption due to growing industrial and commercial activity as well as increasing demand from households. India’s power demand, which grew at more than 7 per cent y-o-y in FY24, forcing the government to direct gas-based power plants with around 25 gigawatts GW) of installed capacity to run at full capacity, which coupled with declining liquefied natural gas (LNG) prices pulled up demand for natural gas.
Himachal's hydro project leaked in test phase too, experts demand moratorium on new projects
Nayara Energy to invest ₹600 crore to set up ethanol production plants
Tata Power to sell green energy to group companies, MNCs: Praveer Sinha
Speaking with Business Standard over a telephone call, Praveer Sinha, MD and CEO Tata Power, said they would provide integrated green energy solutions to C&I customers. “There are a large number of companies who want to replace their existing energy supply with RE. We are in discussion with large companies including multinationals. We are also in active discussions with companies within the Tata Group, including the new ones which are coming up,” Sinha said.
After coal and gas, govt bolsters hydro capacity to meet rising peak demand
The Ministry of Power said it has “optimised” hydropower generation to make available an additional 4GW capacity, weeks after it instructed fifteen imported coal-based and all gas-based thermal plants to be operational during the summer months. With peak power demand set to touch 240 GW in June, the ministry’s latest effort to avoid supply shortfall reflects growing concern over risk of outages, particularly amid poll season demand surge and a hotter-than-usual summer.
Tata Power to target 20% share in PM Surya Ghar Muft Bijli Yojana: CEO
Industrial output slows to 4.9% in March
NTPC achieves 20% torrefied biomass co-firing at Tanda power plant
New Delhi: State-owned power giant NTPC on Thursday said it has achieved 20 per cent torrefied biomass co-firing at Tanda thermal plant in Uttar Pradesh. The NTPC has established co-firing of 7-10 per cent non-torrefied biomass with coal at NTPC Dadri, a company statement said. However, it stated that to achieve higher percentages of biomass co-firing without major modifications, the possibility of using torrefied biomass was explored by Energy Transition and Policy Research Division of NTPC Engineering. According to the statement, the NTPC has achieved a new milestone by successfully demonstrating co-firing of 20 per cent torrefied biomass at its Unit-4 at Tanda (thermal plant) in Uttar Pradesh.
L&T to scale up power capacity of electrolysers to 4 MW
Mumbai: Larsen & Toubro (L&T) will scale up the power capacity of its electrolyser to 4 megawatts (MW) and is eyeing domestic orders in FY25-26. The company, in March, indigenously manufactured its first electrolyser of 1-MW power capacity at its green hydrogen plant at A M Naik Heavy Engineering Complex in Hazira, Gujarat.
India projects biggest power shortfall in 14 years in June
NTPC achieves 20 pc torrefied biomass co-firing at Tanda power plant
Tata Power Q4 net profit rises 15% to ₹895 crore
Tata Power Q4 net profit rises 15%, revenue jumps 27% on strong core business performance
The Hindu Business Line
L&T's power transmission, distribution business bags multiple orders in India, overseas
L&T's power transmission biz bags multiple orders in India, overseas
We plan to increase RE share in portfolio to 30% by 2030: REC CMD
REC Ltd, state-run non-banking financial corporation in the power sector, plans to increase its portfolio in lending to the renewable energy sector to 30% from the current 10% by 2030. Moreover, it plans to double its assets under management to Rs 10 trillion by 2030 with both conventional-energy and RE projects forming the major part of it, Chairman and Managing Director Vivek Kumar Dewangan told Arunima Bharadwaj and Raghavendra Kamath. REC Ltd reported a 33% annual rise in its consolidated net profit for Q4FY24 at Rs 4,079 crore and targets to become a net zero NPA (non-performing asset) company by the end of this financial year.
IPCL, E2S to develop Thermal Energy Storage System for efficient storage, transmission
Polaris gets new smart metering project worth Rs 2,246 cr in West Bengal
IPCL, E2S to develop Thermal Energy Storage System for efficient storage, transmission
JSW Energy Q4 Results: Cons PAT jumps 22% YoY to Rs 345 crore
Q4 results: JSW Energy profit rises 29% to ₹351 crore, declares ₹2 per share dividend
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REC aims to double loan book to Rs 10 lakh cr by FY30
‘PPA pricing must be commensurate with the risk developers are taking’
Sterlite Power has secured orders worth Rs 2,500 crore in the fourth quarter of FY24, bringing its total orders for the full fiscal year to over Rs 7,000 crore. In March, the company forged a partnership with Singaporean fund GIC to develop a transmission platform in India. Prathik Agarwal, managing director of the company, talks to Raghavendra Kamath about the company’s strategy and challenges in the sector.