According to the report tabled in the Assembly the Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) last fiscal suffered an increased loss of Rs 4,862 crore mainly due to higher costs Increased power purchase, coal handling, financing and employee costs has resulted in the five Tamil Nadu state power sector companies incurring a loss […]
Tata Power Solar doubles manufacturing capacity of Cells & Modules to 1100 MW
It added that the expansion was a result of increased demand that the company saw for its solar modules New Delhi: Tata Power Solar, country’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, on Wednesday said it has doubled its manufacturing capacity of cells and modules to 1,100 MW at its Bengaluru […]
BSES discoms Pay Rs 400 crore to Aravali Power Corporation
The discoms said they are committed to supply reliable and uninterrupted power to around 46 lakh consumers in Delhi. New Delhi: BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have resolved the matter with Aravali Power Corporation Private Limited (APCPL) and have paid Rs 352.27 crore and Rs 47.34 crore, respectively, as […]
Reliance Infrastructure completes stake sales of entire shareholding in PKTCL to IndiGrid
RInfra owns 74 per cent in PKTCL located in the state of Himachal Pradesh and Punjab in a joint venture with Power Grid Corporation of India Limited (PGCIL). Mumbai: Reliance Infrastructure Limited (RInfra) on Saturday announced the successful completion of the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company […]
Larsen & Toubro wins significant contracts in domestic and overseas markets
The company did not specify the exact value of the contracts but as per L&T specification, a significant contract ranges between Rs 1,000 crore and Rs 2,500 crore. NEW DELHI: Larsen & Toubro (L&T) on Friday said its construction arm has won significant contracts in domestic and overseas markets. However, the company did not specify […]
Shell-EDF venture seeks to build offshore New Jersey wind farm
New Jersey is one of several U.S. states seeking to acquire 100% of its energy from clean sources by 2050. To help achieve that goal, the state is looking for between 1,200 MW and 2,400 MW of offshore wind energy projects. Wind farm developer Atlantic Shores Offshore Wind said on Thursday it had submitted a […]
PFC, REC to provide Rs 8,520 cr loan to SJVN’s power project in Bihar
“PFC along with REC executed a MoU with STPL for extending term loan of Rs 8,520.46 crore for 2×660 MW Buxar Thermal Power Project New Delhi: State-owned PFC and REC have signed an initial pact with SJVN to provide Rs 8,520 crore worth loan for a thermal power plant in Buxar, Bihar. “PFC along with […]
Loans worth Rs 1.18 lakh crore sanctioned under discom liquidity package
In May, Finance Minister Nirmala Sitharaman had announced Rs 90,000 crore liquidity infusion into cash-strapped discoms facing demand slump due to the COVID-19 crisis. New Delhi: Loans worth Rs 1.18 lakh crore have been sanctioned so far by state-run non-banking finance firms Power Finance Corporation and REC Ltd under the liquidity package for stressed power […]
Russian nuclear power major Rosatom enters energy storage business
The newly incorporated RENERA will develop and trade module type lithium-ion traction batteries for electric vehicles, as well as energy storage systems for emergency power supply, renewable energy resources and smoothing load demand. Chennai: Russia’s integrated nuclear power major Rosatom has floated a new subsidiary RENERA to develop and market lithium-ion traction batteries for electric […]
Nissan takes on Tesla in China’s electric car market
The Japanese carmaker is hoping its new all-electric sports utility vehicle (SUV) Ariya will sell well in China. But it faces tough competition from Tesla which has a strong presence in the world’s largest car market. Electric cars are a cornerstone of Nissan’s four-year plan to get it back to profitability. The Ariya was launched […]
