JSW Hydro Energy successfully raised USD 707 million in a green bond sale to international investors, as per merchant bankers New Delhi: JSW Hydro Energy, an arm of JSW Energy, has raised USD 707 million (about Rs 5,200 crore) from an international green bond issue that was oversubscribed by over four times, merchant bankers said […]
Power Market Beats Pandemic, April Trade Up 90.2 Per Cent YoY
According to the power demand data published by the National Load Dispatch Centre, the national peak power demand was at 183 GW while the peak demand and power consumption registered close to 40 per cent YoY growth on a weak base. New Delhi: Continuing its exceptional performance during the last fiscal, the electricity market at […]
COVID Second Wave Can Hit Energy Demand in April-June Quarter: Report
The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by Ind-Ra New Delhi: Restrictions following the second wave of the COVID-19 pandemic could impact energy demand growth recovery in the first quarter of this financial year, India […]
CIL Says Operations Slowed Down as Many Employees Tested Positive for COVID
Out of the total coal offtake of 54.1 MT, the power sector lifted 42.4 MT or 78.4 per cent of the dry fuel. Non-power sector accounted for the remaining 11.7 MT. New Delhi: Coal India Ltd (CIL) on Tuesday said its operations slowed down on account of more than 5,400 of the company’s employees and […]
Ola to Take E-Scooter to International Markets this Fiscal
The launch of the electric scooter is in line with Ola’s global vision of moving mobility into a more sustainable, accessible and connected future. New Delhi: Ola Electric is looking at taking its electric scooter to international markets, including countries like France, Italy and Germany, this fiscal, a top company executive said. The company, which […]
Power Engineers Body Condemns Move to Amend National Electricity Policy
“All India Power Engineers Federation (AIPEF) condemns the government of India’s move to amend the National Electricity Policy to facilitate the privatization of the power sector,” the statement said. New Delhi: All India Power Engineers Federation on Tuesday condemned the central government’s move to amend the National Electricity Policy “to facilitate privatisation”. According to a […]
JSW Hydro Energy to Issue Dollar-Denominated Notes to Raise Funds
This issue is part of a total notes programme of USD 750 million of JSW Hydro Energy, which was approved by the board of JSW Hydro Energy on March 26, 2021. NEW DELHI: JSW Energy on Tuesday said its arm JSW Hydro Energy will issue USD-denominated notes (green bonds) in overseas markets to raise funds. […]
Rs 7,735 cr PowerGrid InvIT IPO subscribed 4.83 times on last day
The IPO comprised a fresh issue of shares worth Rs 4,993.48 crore and an offer for sale to the tune of Rs 2,741.50 crore by selling shareholders. New Delhi: The initial public offer of PowerGrid Infrastructure Investment Trust was subscribed 4.83 times on the last day of subscription on Monday. The Rs 7,735-crore issue received […]
COVID : Power discoms gear up to meet summer demand, providing uninterrupted supply to hospitals, labs
New Delhi : Amid a massive surge in COVID-19 cases, power discoms in Delhi are gearing up to meet the summer electricity demand and focusing on providing uninterrupted supply to critical services including hospitals, vaccination centres, quarantine facilities, pharmacies and labs, officials said on Saturday. The Tata Power Delhi Distribution Limited (TPDDL), serving 70 lakh […]
Vikram Solar appoints Milind Kulkarni as CTO
Prior to joining Vikram Solar, Kulkarni has served in various leadership roles with entities including Suzlon Limited, Svagos Technik Inc, GCL Solar Materials, SunEdison and MEMC Electronic Materials New Delhi: Vikram Solar on Thursday said it has appointed Milind Kulkarni as its Chief Technical officer (CTO). Kulkarni’s role will be critical in product and technology […]