Page 5 - Energy Sector

Adani Energy Solutions likely to divest Dahanu unit to Adani Power

Last week, Adani Energy took an impairment of Rs 1,506 crore on the asset

J&K admin approves Rs 400 crore rooftop solar project for govt buildings

Jammu and Kashmir administration on Sunday approved a Rs 400 crore project under which grid-tier rooftop solar power systems will be installed on all government buildings in the union territory. "The Administrative Council, which met here under the chairmanship of Lieutenant Governor Manoj Sinha, approved solarizing of all government buildings in Jammu and Kashmir by installation of Grid-Tied Rooftop solar power systems of an aggregate capacity of 70 MW in Capex mode at a project cost of Rs 400 crore and 200 MW in RESCO mode," an official spokesman said. He said the project shall be implemented by Jammu & Kashmir Energy Development Agency (JKEDA). The government buildings shall be installed with Rooftop Solar Projects of different capacities aimed at leveraging the vast rooftop spaces of government establishments for solar energy generation, the spokesman said. These solar power systems shall have bi-directional smart meters and the Virtual Net Metering (VNM) benefit would be ...

Oiling wheels of change

China's post-2013 oil strategy offers valuable lessons for India on unlocking new reserves

Hitachi Energy India Q1 results: Net profit jumps four-times to Rs 10.4 cr

Hitachi Energy India on Wednesday posted four-fold jump in net profit to Rs 10.4 crore for June quarter FY25 mainly due to higher revenues. The company had reported a net profit of Rs 2.4 crore for the year-ago period, it said in a BSE filing. Revenues rose to Rs 1,327.3 crore from Rs 1,043 crore. "As the energy transition gathers pace, investments in the power sector - especially renewables continued to grow," said N Venu, MD & CEO of Hitachi Energy India. This is reflected in the company's strong order intake and record order backlog which it is steadily converting to revenues through solid execution while keeping a close watch on costs. "We are optimistic on ongoing market support, especially in our identified high growth segments - renewables, HVDC, data centers, electrification of transport, etc," he added. In June quarter, orders totalled Rs 2,436.7 crore, more than double as compared to the year-ago period. Renewables led the charge from studies across utilities and ...

Transitioning to a green future: Budget 2024 underlines energy security

The government will also formulate a roadmap for moving the 'hard to abate' industries from 'energy efficiency' targets to 'emission targets'

Economic Survey: Navigating energy transition with energy security

A recent report by the Principle Scientific Adviser, Government of India and IIM Ahmedabad estimates India's energy demand to double by 2040

India's green H2 push facing demand and supply side constraints: Eco Survey

Says diversification of energy sources needed but thermal power to play significant role

Need policies to deploy more solar panels: Waaree group Chairman & MD

The world's largest solar panel maker outside China spoke about the challenges and opportunities facing the industry

Waaree Renewable Technologies receives Rs 90 cr solar power project

Waaree Renewable Technologies on Monday said it has received a Rs 90-crore solar power project to be developed on a turnkey basis. The project is scheduled to be completed in ongoing financial year 2024-25, Waaree Renewable Technologies Ltd (WAAREERTL) said in an exchange filing. "WAAREERTL has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction works for solar power project of 30 MW DC capacity on turnkey basis," it said. The order values Rs 90.29 crore excluding taxes, it added. The company did not disclose the name of the entity that awarded the project.

THDCIL overcame many challenges to become 4351 MW entity: CMD Vishnoi

THDC India Ltd (THDCIL) has overcome many challenges over the last 36 years to achieve significant milestones in energy sector, its CMD R K Vishnoi said. The official made the remarks while addressing around 1,700 employees of the company on Saturday at the 'Foundation Day' event of the Rishikesh-based entity. From a single hydro project company in 1988, today the company has a portfolio of nine projects (hydro, thermal, wind and solar), with a total capacity of 4351 MW. This includes 1587 operational projects and 2764 MW under- construction, Vishnoi said. "From the hardships to commission India's highest dam project of 1000 MW, the Tehri hydro power project, to a diversified energy portfolio entity, THDC India has overcome many challenges to achieve significant milestones since its establishment in 1988. Employees' unwavering dedication and perseverance have been crucial for the company's success and growth," he said. In his address, the CMD also said the company will soon be maki

State-owned Coal India firms up gasification plans in tie-up with BHEL

In May 2024, CIL and Bhel joined hands to set up BCGCL as a joint venture. CIL holds 51 per cent stake while Bhel has 49 per cent

India's clean air target at risk as gas plan caught in regulatory minefield

New Delhi's ambitious targets to clean its air by decarbonising energy sector will be underpinned by its success in building nascent natural gas segment

Centre plans to push for more renewable energy connectivity in states

As more transmission projects come at the intra-state level, the Centre is hoping it will bolster private investment in state power infrastructure

NexGen Energia to invest Rs 15K cr to open 5,000 green diesel, CBG pumps

Green energy solutions company NexGen Energia plans a Rs 15,000 crore investment to open 5,000 green diesel and compressed biogas (CBG) pumps in the country over the next 10 years. The Noida-based company recently inaugurated its first CBG pump in Mau district in Uttar Pradesh, marking its entry to execute engineering, procurement, and construction (EPC) services in the clean energy sector. "The company's commitment to clean energy goes far beyond this single pump. Plans are afoot to open a total of 5,000 green diesel and CBG pumps across the country in multiple phases over the next 10 years, with each pump costing around Rs 3 crore. In this manner, we are set to invest Rs 15,000 crore in the green energy sector," NexGen Energia Chairman Piyush Dwivedi told PTI. "Furthermore, this initiative will create approximately 5,000 new entrepreneurs and provide direct and indirect employment to over 10 lakh people. Our goal is to make India self-reliant in the green energy sector, thereby ..

Coal import rises 5% to 52 MT in Apr-May; demand likely to fall in monsoon

India's coal import rose 5.3 per cent to 52.29 million tonnes (MT) in the first two months of the ongoing fiscal as against the year-ago period. The country's coal import was 49.62 MT in April and May in FY24, according to data compiled by mjunction services ltd -- a B2B e-commerce platform from a joint venture between Tata Steel and SAIL. However, coal import in May dropped marginally to 26.19 MT, from 26.57 MT a year earlier. "Coal imports... were down 1.43 per cent as against 26.57 MT imported in May 2023," it said. According to mjunction MD and CEO Vinaya Varma, the demand for imports is likely to remain subdued in the coming weeks due to the onset of monsoon while the production growth should stay healthy in the domestic market. Also, coking coal prices are expected to move up in the seaborne market due to supply tightness and this may impact buyers' interest in the country. Of the total imports in May, non-coking coal imports stood at 17.53 MT, against 18.10 MT imported in

MNRE issues incentive guidelines for green hydrogen producers under SIGHT

The renewable energy ministry has issued guidelines for providing incentives to green hydrogen producers under SIGHT scheme. The guidelines for implementation of Tranche-II under Strategic Interventions for Green Hydrogen Transition (SIGHT) programme were notified by the ministry on July 3, 2024. The capacity of Tranche-II will be 450,000 tonne per annum (TPA) of green hydrogen, with 40,000 TPA capacity reserved for biomass-based pathways (bucket- II) and the rest for technology agnostic pathways (bucket-I), a statement by Ministry of New & Renewable Energy said. Solar Energy Corporation of India (SECI) is the implementing agency for this tranche as well. The Request for Selection (RfS) shall be issued by SECI shortly. The bidding shall be based on the least average incentive quoted by the bidder. The minimum bid under bucket-I is 10,000 TPA while the maximum bid is 90,000 TPA. The minimum bid capacity in bucket-II is 500 TPA and the maximum capacity is 4000 TPA. A bidder can bid

JSW Energy plans Rs 15,000 crore capex in FY25, says Sajjan Jindal

JSW Energy Chairman & Managing Director Sajjan Jindal on Friday said the company has planned a capital expenditure of Rs 15,000 crore during the current fiscal year. In his address to shareholders at the annual general meeting, he said, the company intends to spend around Rs 1,15,000 crore to reach the goal of 20 GW generation and 40 GWh storage under 'Strategy 2.0'. He further said the company's plan is to spend approximately Rs 15,000 crore in current fiscal year and it is also actively scouting for acquisition opportunities in the power sector. The company is on track to commission ongoing projects for power generation, battery storage and green hydrogen production, it said. The growth capital secured through the recently completed QIP (qualified institutional placement) strategically positions the company to accelerate the execution of returns accretive growth plans, he noted. In April 2024, JSW Energy had raised Rs 5,000 crore of equity through a QIP issue to build a war ...

Thermax Babcock bags order worth Rs 513 cr to supply 2 boilers in Botswana

Thermax Babcock & Wilcox Energy Solutions on Friday said it has bagged a Rs 513-crore order from a leading industrial conglomerate to supply two boilers for an energy project in Botswana, Southern Africa. The company will supply two 550 TPH CFBC (circulating fluidised bed combustion) boilers over a period of 23 months, according to a company statement. Thermax Babcock & Wilcox Energy Solutions Ltd (TBWES), a wholly owned subsidiary of Thermax, has concluded an order of Rs 513 crore from a leading industrial conglomerate, setting up a 600 MW greenfield energy project in Botswana, Southern Africa, the statement said. This order will support the development of the first phase i.e. the 300 MW power station being established by the customer. The designing, engineering, manufacturing, testing, supply, supervision of erection & commissioning, and performance testing will be undertaken by TBWES. The power generated is intended for sale to the national utility power company for ...

China struggles to make use of boom in energy storage, calls for even more

Some industry insiders and experts say pricing reforms and technology improvements are needed for a storage sector

Inox Wind to become a debt-free company after promoter infuses Rs 900 cr

Inox Wind Ltd on Thursday said its promoter Inox Wind Energy (IWEL) has infused Rs 900 crore into the company, following which the wind energy solutions provider will become a net debt-free company. In a statement Inox Wind Ltd (IWL) on Thursday announced the completion of infusion of Rs 900 crore into the company by its promoter Inox Wind Energy Ltd (IWEL). "This fund infusion will help us become a net debt-free company, strengthening our balance sheet and help accelerate our growth. We expect substantial savings in interest expenses going ahead, aiding our profitability further," Kailash Tarachandani, CEO of Inox Wind said. The funds were raised by the IWEL on May 28, 2024, through sale of equity shares of IWL through block deals on the stock exchanges, witnessing participation of several marquee investors, as per the company statement. The funds will be utilised by Inox Wind Ltd to completely pare down its external term debt to achieve a net debt-free status, it added. Net Debt