Adani Power Standalone Q3 net profit at Rs 792 crore

Mumbai, January 18, 2018: Adani Group's power arm, Adani Power Ltd, has posted a net profit of Rs 792 crore for the quarter ended December 2017 against a net loss of RS 823 crore in the same quarter a year ago. On a standalone basis, the company's revenue from operations stood at Rs 2,183 crore co

Electricity costs from renewable power generation have continued to fall significantly compared to the fossil fuels

New Delhi, January 18, 2018: For new projects commissioned in 2017, electricity costs from renewable power generation have continued to fall significantly compared to the fossil fuels, according to a new report from the International Renewable Energy Agency (IRENA). It estimates onshore wind is

ICRA's Expectations from Union Budget 2018-19 on Power Sector - Sabyasachi Majumdar, Senior Vice President and Group Head Corporate ratings ICRA Limited

New Delhi, January 17, 2018: Measures to improve the long term debt funding for the renewable energy sector Higher budgetary allocation to partly meet the funding requirements in rural electrification & energy efficiency driven projects Clarity on the import duty / provisional safeguard dut

Azure Power commissions 100 MW project

New Delhi, January 17, 2018: Azure Power has commissioned a 100 MW solar power plant in Telangana. Announcing this, a release from the independent solar power producer said the project was auctioned by NTPC. Azure will supply power to NTPC for the next 25 years at a tariff of ₹4.67 per kWh. The

Making power plants environment-friendly a Rs 1.3lakh-crore opportunity

The drive to make power plants compliant with environmental norms is going to open up a Rs 1.3-lakh-crore opportunity in the next three years for emission control equipment providers. New Delhi, January 16, 2018: The drive to make power plants compliant with environmental norms is going to open

Future of Energy is in Storage of Energy, says Suresh Prabhu

Inaugurating Energy Storage India 2018, Honourable Minister of Commerce & Industry emphasised on the need for Energy Storage for greener, cleaner and more stable grid in IndiaIndia set new benchmarks for Energy Storage, Electric vehicles, 24x7 Electricity access to all and Renewable at Energy St

Thermal PLF subdued in 9M FY2018, with increasing share of renewable energy: ICRA

New Delhi, January 16, 2018: The domestic electricity demand has grown by 5.8 per cent during first 9 months of Financial Year 2018 (9M FY2018), mainly led by a significant pick-up in electricity demand in the states of Uttar Pradesh (13.5 per cent), Telangana (12.5 per cent), Madhya Pradesh (8.9 p

Firdose Vandrevala joins Sterlite Power Advisory Board

New Delhi, January 16, 2018: Sterlite Power, India’s leading integrated power Transmission Company, on Thursday announced the appointment of Firdose Vandrevala as part of its advisory board. He will be responsible for advising the Board and senior management on matters of talent, strategy and op

GE Power India bags contract worth Rs 818.30 crore

Mumbai, January 16, 2018: GE Power India Limited said that it has been awarded a contract worth approximately Rs 818.30 crore(approximately US $ 126 million) by Navayuga Engineering Company Limited. The contract is for Design, Engineering, Manufacturing, Supply, erection, testing and commissioning

Fitch assigns POWERGRID Local-Currency IDR of 'BBB-'/Stable

New Delhi, January 11, 2018: The leading rating agency, Fitch Ratings has assigned Power Grid Corporation of India Ltd (POWERGRID) a Long-Term Local-Currency Issuer Default Rating (IDR) of 'BBB-', which is at the same level as its Long-Term Foreign-Currency IDR of 'BBB-'. It has said that the outlo

ESAF Small Finance Bank enters strategic tie-up with Kinetic Green Energy

Mumbai, January 11, 2018: ESAF SMALL FINANCE BANK has entered a strategic MoU with Kinetic Green Energy and Power Solutions Pvt Ltd (Manufacturers of Eco Friendly Electric Rickshaws) at Pune for the financing of E Rickshaws in their domain operations spread in 13 States of India. Ms. Sulajja Firod

Project Commencement of Barmer Refinery to be done by Prime Minister Shri Narendra Modi on 16 January, 2018

New Delhi, January 11, 2018: Project commencement of Barmer Refinery at Pachpadra, Rajasthan is scheduled to be done by the Prime Minister Shri Narendra Modi on 16 th January, 2018. Chief Minister of Rajasthan Smt. Vasundhara Rajeand Union Minister of Petroleum & Natural Gas, Skill Development

All is not lost in stressed power projects; Railways, PPAs, EVs to be growth drivers: study

New Delhi, January 09, 2018: As many as 24 power projects with 41. 81 GW capacity may be under a severe financial stress, but the troubled sector still holds hope in growth drivers including higher demand from the Railways, proposed law to enforce power purchase agreements (PPAs) on the discoms, in

ONGC launches nationwide Solar Chulha Campaign

New Delhi, January 09, 2018: ONGC has embarked on an ambitious project on innovation towards making an “Efficient Electric Chulha (Stove)”, in order to live up to the clarion call given by Prime Minister of India, Narendra Modi to touch lives far and wide. ONGC launched a nationwide campaign to

Revision in domestic coal prices to raise power procurement cost by around 9 paise for discoms: ICRA

Timely pass-through remains critical from their cash flow perspective New Delhi, January 09, 2018: Coal India Limited (CIL) has issued a notification on January 8, 2018 revising the prices of pit head run of mine (ROM) prices of all grades of non-coking coal effective from midnight of January 9, 2

Orient Electric gets positive response for LED Battens, expands range

- Expands the LED batten range with three new products including colour changing Moodlight batten, high brightness Sunlight batten and unique fixture-free Pearl Glass tube batten with low glare. -Launches new TVC which will be complemented with print advertisement and active engagement through digit

PowerTrends 2017

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Powertrends 2017, the largest and most significant energy event in the Philippines will be a special feature of the ASEAN Energy Business Forum (AEBF) to be held in conjuction...

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