A release by rating agency ICRA says that hydropower capacity addition in India has remained sluggish historically, with significant execution challenges as also seen in the incremental capacity addition of about 22 GW between 2000 and 2021. Read more
Bid process coordinator PFC Consulting Ltd (PFCCL) has transferred two project special purpose vehicles, related to TBCB-based power transmission schemes, to the winning developer Adani Transmission Ltd. In a stock exchange filing, PFCCL said that the following two project Read more
Telecommunications Consultants India Ltd, on January 20, 2022, inaugurated its first electric vehicle (EV) charging station. The Central PSU has planned a total of 65 such – all to be located in south Delhi. A government release said that Read more
Bajaj Electricals has announced the formation of a new wholly-owned subsidiary to undertake the business of power transmission & distribution. In a stock exchange filing, the Mumbai-headquartered Bajaj Electricals announced that a wholly-owned subsidiary “Bajel Projects Ltd” was incorporated Read more
Fluence and ReNew Power have announced an agreement to form a new company to meet the needs of local customers across India that will address the fast-developing energy storage market in India. Managed and operated by an independent management Read more
SJVN Ltd has earned Rs.34.40 crore as incentive under the Demand Settlement Mechanism (DSM), the company said in a release. The DSM was earned with respect to two of its flagship hydropower projects – Nathpa Jhakri (1,500 mw) and Read more
Hitachi Energy India has won orders valued at over Rs.160 crore from Indian Railways for supply of traction transformers. A release by Hitachi Energy India Ltd said that the orders, placed during the October-December 2021 period, came from Chittaranjan Read more
Power Finance Corporation (PFC) as well as REC Ltd have further reduced their lending rates, across all types of loans. An official release noted that PFC and REC have reduced their lending rates by 40 bps (0.4 percentage points) Read more
NTPC has invited bids from developers to build a solar PV parks in Republic of Cuba. The RfQ process will start in March and will continue till May 2022. NTPC, a corporate partner of ISA International Solar Alliance (ISA) Read more
Godrej family-backed smart and sustainable energy startup zunpulse has been awarded the National Startup award 2021 in the Energy sector organized by Startup India, zunpulse (officially ZunRoof Tech Pvt Ltd) won the Read more