India's power crisis: To avert a looming power shortage, India must accelerate efforts to boost renewable energy capacity, warns new research
Focus of Budget 2024 is not restricted to railways, defence and infra, but expands to manufacturing and employment to aid human capital growth, said Citigroup MD at 'Budget with BS: The Fine Print'
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 ...
Apart from climate transition, India's forays into electronics and infrastructure-related manufacturing are gaining prominence with investors abroad, an expert said
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.
Recently, the government approved land for four major solar projects to make the state a leader in energy self-sufficiency
Rajasthan is one of the leading states in the country in solar energy production, with an estimated output of 142 Gw
New energy transition platform Jakson Green on Wednesday said it has inked a pact with state-owned NHPC for the supply of 400 MW solar power. Jakson Green has signed its first Power Purchase Agreement (PPA) with NHPC Ltd, a company statement said. This agreement marks a significant milestone for Jakson Green, solidifying its position as a fast-growing Independent Power Producer (IPP) with a total portfolio of 1 GW under development, the statement added. "We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green," Kannan Krishnan, Joint Managing Director, Jakson Green Pvt Ltd said. This new project will be located in Rajasthan and connected to the central grid, with an expected clean energy generation sufficient to power around four lakh households annually. Contributing to the elimination of nearly 752,000 MT/year of CO2 emissions, the project will also create
Govt-run refiners may not be able to aggressively invest in clean energy projects as they stare at a rough road amid dwindling margins, volatile crude prices, shrinking discounts on Russian oil buys
IIT-Jodhpur has developed a special adaptor that will allow users to charge their electric vehicles using solar power. Prime Minister Narendra Modi in February said his government was aiming to create a system in which people can recharge their electric vehicles from the power they generate from rooftop solar systems. The adaptor, likely to be priced below Rs 1,000, could prove to be very effective if the solar panel initiative is a success, Nishant Kumar, Assistant Professor at the Electrical Engineering Department at IIT Jodhpur said. People are increasingly looking towards buying EVs and currently, the government is also providing subsidies for them, Kumar said. "On one side, our charging adaptor will be connected to the solar panel and on the other, to the charger provided by the company. It includes two points that will supply power according to the requirement," Kumar said. Currently, extracting maximum power from a solar panel without a power converter is challenging and a
India, a major greenhouse gas emitter, has said it aims to ramp up non-fossil fuel capacity set by 50 GW each year to help meet its 500 GW target.
SJVN expects its under-construction 900 MW Arun-3 hydro-electric project in Nepal to start power generation from next year as nearly three-fourths of work has been completed, its chairman and managing director Sushil Sharma said on Tuesday. Nepal Prime Minister Pushpa Kamal Dahal triggered the last blast to mark the completion of heading excavation 11.8 km long head race tunnel of 900 MW Arun- 3 Hydro Electric Project in Sankhuwasabha district of Nepal, SJVN said in a statement. SJVN is constructing the multi-crore Arun 3 Hydro Electric Project in Nepal. More than 74 per cent of the project works have already been completed and the remaining works are going on in full swing. The project will start generation by next year and has the potential to generate 3924 million units of electricity every year, Sharma said in the statement.
State-owned SJVN has reported over two-fold jump in consolidated profit to Rs 61.08 crore during the March quarter, on account of exceptional gains. The company reported a consolidated net profit of Rs 17.21 crore in the year-ago period, a BSE filing showed. The financial results of the company showed an exception gains of Rs 103.84 crore during the quarter. However, total income of the company dipped to Rs 573.23 crore in the quarter from Rs 582.78 crore in the same period a year ago. The consolidated net profit of the company in 2023-24 was at Rs 911.44 crore from Rs 1,359.30 crore in year ago. Total income in the fiscal also increased to Rs 2,876.96 crore from Rs 3,282.50 crore in 2022-23. The board of directors also approved a final dividend of Rs 0.65 per equity share for the 2023-24 fiscal year, subject to the approval of shareholders in the ensuing annual general meeting. The final dividend is in addition to the interim dividend of Rs 1.15 per equity share for FY24 declar
The last time a storm this strong struck Earth was in October 2003, which caused power outages in Sweden and damaged transformers in South Africa
Tata Power has planned a 66 per cent higher capital expenditure of Rs 20,000 crore in this fiscal compared to a year ago, which will mainly focus on projects supporting energy transition and India's net-zero emission target by 2070. During the year ended March 2024, the capex (capital expenditure) was around Rs 12,000 crore, the company's CEO Praveer Sinha said during a post earnings conference call. "This year we are targeting to spend around Rs 20,000 crore," he said in reply to a question on company's planned capex. Sharing the breakup of the investment plant, Sinha said about 50 per cent will be on renewables (projects). The remaining will be mix of transmission, distribution and conventional projects. The company will fund the capex through internal accruals and some debt, Sinha said. Tata Power on Wednesday posted an 11 per cent rise in its consolidated net profit to Rs 1,046 crore in the March 2024 quarter compared to the year-ago period, mainly on the back of higher ...
Shares of KP Green Energy (KPGE) locked in upper circuit for the fourth straight day, up 5 per cent at Rs 619.85 on the BSE on Tuesday at 12:50 pm; in otherwise a weak market.
Indosol Solar Private Limited (ISPL) is an SPV formed by Shirdi Sai Electricals Limited (SSEL), which is a Telangana-based power equipment manufacturer
Gujarat Toolroom on Thursday said it has acquired a 65-acre land parcel in Gujarat to set up a green energy project at an investment of Rs 572 crore. "Upon completion, the Hybrid Power Plant aims to contribute 97.5 megawatts of clean and sustainable electricity to the grid, the company said in an exchange filing. The company said it aims to set up the plant in 3-5 years. The company has acquired 65 acres of land on long-term lease in Gujarat for the establishment of Green Energy Hybrid Power Plant Project worth Rs 5.72 billion, it said. While 60 acres of the acquired land will be dedicated to the installation of solar panels, the remaining will be utlised for essential power management infrastructure, including transformer stations and high-voltage line terminals. The land layout plan includes provisions for the placement of 15 on-shore wind turbines. Each turbine is expected to produce 2.5 megawatts of power per hour. Ahmedabad-based Gujarat Toolroom is into manufacturing and ...
The agreement provides a pathway for Brookfield to deliver the new renewable energy capacity between 2026 and 2030 in the U.S. and Europe, a Microsoft spokesperson told Reuters
At least USD 12 trillion is required to create new infrastructure over the next six years for tripling global renewable energy capacity by 2030, COP28 President Sultan Al Jaber said on Friday. Addressing the annual Petersberg Climate Dialogue, Al Jaber said the energy transition will not happen without significant investment and a level-up in climate finance. He said the four key priorities to level up climate finance are infrastructure, technology, people and the Global South. "On infrastructure, we need to invest at least USD 6 trillion over the next six years to meet our 2030 target of 11TW of renewable energy capacity. And we need to spend a similar amount to upgrade outdated or non-existent grids," the COP28 president said. World leaders reached a historic agreement at COP28 in Dubai last year to triple global renewable energy capacity by 2030. According to the International Energy Agency, tripling global renewable energy capacity and doubling energy efficiency is crucial to