New Delhi: Auto component maker Varroc Engineering on Thursday said it has entered into a contract manufacturing agreement with Vancouver-based Delta-Q Technologies Corp. As per a co-operation agreement inked between the two entities, Varroc would manufacture Delta-Q”s chargers in India to support the expansion of the electric two and three-wheeler market. Delta-Q is a leader […]
Detel launches electric two-wheeler Easy Plus priced at Rs 39,999
New Delhi: Homegrown brand Detel on Friday said it has launched its electric two-wheeler Easy Plus priced at Rs 39,999. The company said it has also commenced bookings of the model. The low speed electric two-wheeler comes with a ground clearance of 170 mm and is powered by a 20AH lithium-ion battery, it added. The […]
PGCIL wins two transmission projects under tariff-based competitive bidding
The Letter of Intent (LoI) dated February 16, 2021 has been issued to PGCIL for establishment of 765kV D/C Transmission line and associated substation extension works in Rajasthan and Uttar Pradesh New Delhi: State-run Power Grid Corporation on Wednesday said it has bagged two electricity transmission projects under tariff-based competitive bidding norms. “Power Grid Corporation […]
Bring policy paper fast to deal with discoms” reluctance to ink long term PPAs with RE developers: Par panel
New Delhi: A Parliamentary panel on Friday asked the power ministry to expedite a policy paper to provide a remedy for the issue of falling renewable energy tariffs which have prompted reluctance among discoms to enter into long term power purchase agreements (PPAs) with project developers, saying it “has become a conundrum”. The Parliamentary Standing […]
Six charts show how hard it is for India to hit net zero by 2050
The world’s third-biggest emitter has to meet the aspirations of 1.4 billion people for faster economic development, which will only happen with an accelerated pace of industrialization and energy demand. New Delhi: Top Indian government officials are debating whether to set a target for net-zero greenhouse gas emissions by 2050. Doing so would mean an […]
Competition Commission approves Tata Power-NESCO deal
Tata Power is primarily engaged in the business of power generation, transmission and distribution. New Delhi: Competition Commission of India (CCI) on Friday said it has cleared Tata Power’s proposed acquisition of 51 per cent stake in North Eastern Electricity Supply Company of Odisha Ltd. The proposed transaction relates to purchase of 51 per cent […]
Indian Oil Corporation enters into joint venture with Israeli company Phinergy
According to a press release, the collaboration took place in the presence of Union Minister Dharmendra Pradhan and Israel Energy Minister Yuval Steinitz. New Delhi: Indian Oil Corporation (IOC) on Wednesday entered into a collaboration with Phinergy, an Israeli start-up company specialising in hybrid lithium-ion and aluminium-air/zinc-air battery systems, to form IOC Phinergy Private Limited. […]
Hero Electric sells 50,000 units in 2020, retains top slot in segment
The company further said its sales network has crossed the 600 touchpoint mark covering 500 towns and cities across the country, thus offering the widest service network offered by any brand in the segment. New Delhi: Hero Electric said it has sold over 50,000 electric two-wheelers last year thus retaining the top slot in the […]
USAID, DFC announce $41 million loan guarantee programme for rooftop solar projects
New Delhi : United States Agency for international development (USAID (/topic/usaid)) and US international development finance corporation (DFC (/topic/dfc)) are jointly sponsoring loan portfolio guarantee to enable Indian small and medium enterprises (SME (/topic/sme)s) to access reliable power and cut costs. The loan worth 41 million dollars (about Rs 297 crore) will help finance investments […]
REC, PFC sign pact to finance hydropower project in Bhutan
KHEL is a 50:50 joint venture between SJVN India and Druk Green Power Corporation (Bhutan) set up for developing the 600-MW Kholongchhu hydroelectric project in the eastern Bhutan, REC Ltd said in a statement on Wednesday. New Delhi: State-owned entities REC Ltd and Power Finance Corporation (PFC) have entered into a pact with Bhutan-based Kholongchhu […]
