Home Tag "power"

Energy sector players cheer stimulus, says steps towards self-reliance

Welcoming the announcement, Vikram Solar CEO Saibaba Vutukuri said the “path-breaking initiative” aims to make India self-reliant and reduce import dependency on imports for solar modules and its components New Delhi: Energy sector players on Wednesday hailed the government’s move to infuse Rs 90,000 crore liquidity into power distribution companies (discoms), saying the stimulus will […]

South harnesses more solar power during lockdown

Among southern states, Karnataka lead with 1,092 million units, followed by Telangana (594.09MU) and Tamil Nadu (514.30MU). Maharashtra, Karnataka and Tamil Nadu were able to harvest wind power too during April CHENNAI: Southern states generated more solar power during the lockdown, as a component of the total power supply in April. Despite demand being less […]

Siemens sees strongest coronavirus impact in next quarter as second-quarter profit plunges

The trains to industrial software maker said it now expected a “moderate decline” in comparable full year revenue. Siemens had previously predicted moderate growth ZURICH: Siemens expects “even stronger impacts” from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted an 18% drop in industrial […]

Spot power trade on IEX dips 6.6% in April

The day-ahead market volume was at 3692 MU while the term-ahead volume was at 360 MU. The term-ahead segment recorded a significant 8% YoY growth due to increased preference for term- ahead contracts amongst Southern, Western and Northern utilities. NEW DELHI: Electricity trade on Indian Energy Exchange shrunk. 6.6% in April this year to 4052 […]
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