Electricity Sector

Adani Energy Solutions incorporates wholly owned subsidiary AESSTL

Adani Energy Solutions (AESL) on Thursday said it has incorporated a wholly owned subsidiary Adani Energy Solutions Step-Ten Ltd (AESSTL). The AESSTL is incorporated in India and registered with the Registrar of Companies, Gujarat in Ahmedabad on December 18, 2024 and is yet to commence business operations, a regulatory filing said. According to the filing, AESSTL is incorporated by AESL, for transmission, distribution and supply of power and other infrastructure services relating thereto. The authorised share capital as well as paid-up share capital of the arm is Rs 1 lakh. The equity shares are being acquired at a face value of Rs 10 each. The AESL will hold 100 per cent equity of the AESSTL.

Over 100 global firms to showcase innovations at Bharat battery show in Jan

Over 100 global firms from countries like the US, Japan, China and India will showcase cutting-edge innovations at the Bharat Battery Show in January 2025. The second edition of the Bharat Battery Show (as part of the Bharat Mobility Global Expo 2025) is shaping up very well with the global participation of companies from various countries, a statement said. According to the statement, a Singaporean delegation will visit the global expo to explore Indian market opportunities. Bharat Mobility, led by the Ministry of Commerce and Industry, is a landmark event. It is set to bring together over 1,000 exhibitors and attract more than 5,00,000 visitors from over 50 countries, it added. Over 100 global companies from the US, Japan, Korea, Singapore, China, and India will showcase cutting-edge innovations at the Bharat Battery Show, the statement said. The India Energy Storage Alliance (IESA), a prominent industry partner for the mega event, will play a key role by hosting the Bharat Batt

Cong to provide 400 units of free electricity if voted to power in Delhi

The Congress will provide free electricity up to 400 units a month if it assumes power in Delhi, the party's city chief Devender Yadav said on Tuesday. Yadav said in a statement that the Congress would also implement strict checks and balances to stop discoms from "looting" consumers with inflated power bills. The AAP-led Delhi government currently provides free electricity up to 200 units a month. Addressing participants at the Delhi Nyay Yatra in the Kirari assembly segment, Yadav said the Congress fulfilled all its election promises in every state the party assumed power. However, AAP supremo Arvind Kejriwal only devised excuses for his failure to execute the free schemes and blamed the lieutenant governor and others for his own incompetence to translate words into action, he alleged. Kejriwal had promised to transform Delhi into Paris and London. He had claimed before the 2022 Municipal Corporation of Delhi elections that AAP would clear the three garbage mounds in the nationa

India to provide powerplant control centre to South Africa's Eskom

India will provide South African parastatal electricity supplier Eskom with a Powerplant Control Room simulator to train locals in Eskom's plans to renew and repurpose its power stations across the country, an official has said. The announcement was made on Friday after representatives of a dozen Indian energy companies met Eskom executives on the sidelines of the Urja Matla Energy Conference. The conference was hosted by the Indian Consulate General and the Wits Business School. Harish Kumar, Commercial Representative and Head of Chancery at the Indian Consulate in Johannesburg, said at the meeting that India was ready to help Eskom in renovation and modernisation, equipping them with efficient systems through supercritical and ultra supercritical sets, emission control, and latest technologies in transmission and distribution. "Also, we would be willing to provide a simulator of Powerplant Control Room to train the local manpower of Eskom in the operation of power plants. This ..

Best of BS Opinion: The power to reform, rethinking suspension and more

Here is the best of Business Standard's opinion pieces for today

Power companies should coordinate in electricity production: Khattar

Union Minister of Power Manohar Lal Khattar emphasised the need for power companies to coordinate in electricity production and distribution to provide relief to consumers and prevent losses. Addressing the eighth annual Distribution Utility Meet (DUM) conference here, Khattar highlighted that energy would play a critical role in strengthening the economy and achieving India's goal of becoming a developed nation by 2047. "All electricity companies should work together to ensure that consumers aren't overburdened and that companies avoid losses," he said. Khattar also stressed the importance of increasing power generation nationwide and ensuring energy accessibility across all regions. He underlined the need for a greater focus on green and solar energy to reduce carbon emissions, noting that current energy demand is 250 GW and continues to rise. The Union minister suggested states focus on establishing nuclear-based power plants and noted that the government is working toward ...

India's energy future: Small modular reactors need strong policy backing

While conventional renewable energy (RE) generation is now cheap, storage is not

India extends operation of imported coal-based power plants: Circular

Mandate comes despite the country's coal fired power output falling for a second straight month in September on an annual basis due to slower growth in electricity usage and surge in solar generation

PLI scheme for power transmission soon: Power Secretary Pankaj Agarwal

He was speaking on the sidelines of a brainstorming session organised by the Central Electricity Authority (CEA), the technical arm of the Ministry of Power

Delhi polls: Kejriwal attacks BJP, says will campaign for PM Modi if

Former Delhi chief minister Arvind Kejriwal quipped that one engine of the BJP's double-engine government failed after the Lok Sabha elections, while the other is failing during assembly elections

Nepal, India, B'desh sign pact to facilitate cross-border electricity trade

Nepal, India and Bangladesh on Thursday signed a tripartite agreement to facilitate cross-border electricity trade, officials here said. As per the agreement, Nepal will export its surplus electricity to Bangladesh via India from June 15 to November 15 every year. India will make arrangements to supply electricity from Nepal to Bangladesh. In the first phase, Nepal will export 40 MW of hydroelectricity to Bangladesh via Indian territory. The rate per unit of electricity has been fixed at 6.4 cents. From the export of electricity, Nepal will make an annual income of around USD 9.2 million, Nepal Electricity Authority (NEA) officials said. The MoU was signed in Kathmandu between NEA Executive Director Kulman Ghising, NTPC Vidyut Byapar Nigam CEO Deino Naran, and Bangladesh Power Development Board Chairman Mohamad Rizwan Karim, Nepal's Ministry of Energy officials said. Nepal's Energy Minister Dipak Khadka and his Bangladeshi counterpart Sayeda Rijwana Hasan were also present on the .

'Almost $1.3 trillion EV opportunity for emerging mkts, India at forefront'

Case studies from Mahindra Last Mile Mobility Limited and Battery Smart also found that manufacturing and infrastructure for EVs are increasing across the region

Adani wins bid to supply 6,600 MW of electricity at Rs 4.08/unit tariff

Adani group has won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power, sources said. Its bid for the bundled renewable and thermal energy supply for 25 years was almost a rupee lower than the cost at which Maharashtra currently procures electricity and will help meet future electricity requirements of the state, two sources with direct knowledge of the matter said. Supplies are to start in 48 months from the date of award of the letter of intent. As per the bid conditions, Adani Power will supply solar power at a fixed cost of Rs 2.70 per unit throughout the entire supply period, while that from coal will be indexed to coal prices. Maharashtra State Electricity Distribution Company (MSEDCL), in March, floated a unique tender for sourcing 5,000 MW of electricity generated from sunlight and 1,600 MW of power generated from coal. That tender was floated ju

Chennai faces power outages, EB reroutes supply to restore electricity

Several parts of Chennai reeled under a sudden power outage due to a fire incident which caused sequential faults on both feeders at the Manali substation, here. Power supply was, however, restored by Tamil Nadu Generation and Distribution Corporation (TANGEDCO), which responded promptly, by rerouting supply through alternate pathways, an official said on Friday. The cascading fault on the second redundant feeder Alamatty of Manali Substation caused damage to the switch structure, he said. The affected substation has been repaired on a war-footing and regular power supply has been restored, an official release here said. The Manali substation is an important power hub of Chennai supplying electricity to major parts of the city. There are two charger sources namely Alamatty and NCTPS II exclusively to supply power to this substation. These were designed to provide 100 per cent power to the sub-station. On September 12, at around 9.58 pm, a massive fire broke out at the Almatty ...

IEX trade volume increases by nearly 36% to 12,040 mn units in Aug

Indian Energy Exchange (IEX) total trade volume rose 35.8 per cent year-on-year to 12,040 million units (MU) in August this year. The electricity volume increased 17.1 per cent year-on-year to 9,914 MU in August, an IEX statement said. According to the statement, IEX achieved total (trade) volume (including certificates) of 12,040 MU in August 2024, marking a 35.8 per cent year-over-year increase. The renewable energy certificates (REC) at 2,116 MU, increased 737.4 per cent year-on-year. At Rs 115 per certificate, the REC market recorded an all-time low price in the trading session held on August 28, 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their renewable purchase obligations, and voluntary customers to meet their sustainability aspirations. As the monsoon gained momentum in August, there was a substantial increase in hydro and wind power generation, enhancing the overall availability of renewable energy in the

Small industries struggle as power prices continue to climb across India

Despite lower fuel costs, electricity prices for small industries have surged across major Indian states, threatening their viability and hampering their capacity to generate employment

DERC likely to delay tariff announcement as new members yet to take charge

For the fourth year running, the national capital power regulator DERC is likely to miss announcement of a new power tariff for the city due to delay in two new members of the panel taking charge, sources said on Monday. The Delhi government and LG Office have been blaming each another for the delay, sources claimed. The Delhi Electricity Regulatory Commission (DERC) announces a new tariff after an elaborate consultation process involving hearings with stakeholders, including the consumers and power companies that takes months. The Supreme Court in November last year formed a committee to select two members of the three-membered Delhi Electricity Regulatory Commission (DERC). In March this year, the committee recommended the names of Ram Naresh Singh and Surender Babbar, as protem members of the DERC. The sources said the power department sent the files for the approval of the Lt governor and the chief minister. The chief minister's office (CMO) said in April that since Chief Min

Jharkhand Cabinet waives power dues of Rs 3,584 cr of 3.9 mn consumers

The Jharkhand government on Thursday said it has decided to waive Rs 3,584 crore in power dues for around 39.44 lakh consumers benefiting from the 200-unit free electricity scheme. The decision, approved during a cabinet meeting chaired by Chief Minister Hemant Soren, aims to relieve financial burdens on domestic consumers enrolled under the Mukhyamantri Urja Khushali Yojana. Cabinet Secretary Vandana Dadel confirmed that the waiver applies to arrears accumulated by these consumers. "Following this cabinet approval, these consumers will no longer need to pay the arrear bills," Dadel said. The cabinet also approved additional measures, including an ex gratia payment of Rs 10 lakh and a government job for the families of Agniveer soldiers from Jharkhand who die during duty or military operations. Other decisions include extending the remuneration period for anganwadi poshan sakhis and cooks from 10 to 12 months, with Rs 31.71 crore allocated for this purpose. The cabinet also approve

China to continue with low-carbon electricity reforms: Energy regulator

The world's second-biggest economy has emerged as a global leader in the transition to renewable energy

Centre allows power exporters to sell their electricity back in India

Move in wake of Bangladesh unrest; Adani Power's Godda plant primary beneficiary