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Power & Electricity

Sumant Sinha-led ReNew Power is making a Rs 1,000-crore acquisition of wind power assets of the KC Thapar Group, helping India’s biggest renewable energy player strengthen its position in the rapidly consolidating sector. ReNew Power will acquire three fully operational plants with a total capacity of 103 megawatts in Andhra Pradesh in one of the […]

Rural Electrification Corporation (REC) and Patratu Vidyut Utpadan Nigam, a subsidiary of NTPC, have signed a loan agreement for Patratu Super Thermal Power project. Loan agreement has been signed to establish the 3×800 MW Patratu Super Thermal Power project Phase-I in Jharkhand.Project worth Rs 18,668 crore is funded in debt:equity ratio of 75:25 and Rs […]

As US touts coal, Prime Minister Narendra Modi’s sunshine club gets ambitious. Just weeks before it is recognized as a United Nations treaty organization, the International Solar Alliance announces a target to support setting up 1000GW of solar energy capacity by 2030 across its member countries. This initiative by India to harness the untapped resource […]

New and Renewable Energy Ministry said the 1.5-mw small hydropower plant in Biaras Drass of Kargil has become the first project to be commissioned under the Prime Minister’s Ladakh Renewable Energy Initiative. Power project will meet normal power requirement of close to 1,000 families, a ministry statement said. According to the statement, the Biaras small […]

Adani Transmission is likely to clinch a deal of Rs 13,000-14,000 crore with Reliance Infrastructure to acquire the latter’s Mumbai power business much before the January 2018 deadline to mark its foray into power distribution business. “Adani Transmission and Reliance Infrastructure have almost finalised the deal and the negotiations would not drag till January 15, […]

Renewable energy business arm of the Sembcorp has won another bid to set up a 250-megawatt wind power project in India, company officials said today. Sembcorp Green Infra won the bid and also received an official letter of the award of the project following a tender process conducted by the Solar Energy Corporation of India […]

Russia, which is building the 6,000-mw Kudankulam nuclear plant, plans to raise localisation to more than 50 per cent for the upcoming units at the Tamil Nadu plant from the present 20 per cent levels. Rosatom, the Russian partner for state-run Nuclear Power Corporation (NPCIL), is supplying the water-water energetic reactors (VVER reactors), for the […]

Schneider Electric SE, the French industrial multinational along with it’s consortium partner Temasek, has entered final rounds of negotiations with Larsen and ToubroBSE -0.74 % to acquire its electric and automation division for Rs 15,000 – Rs 17,000 crore as India’s largest engineering group looks to prune its portfolio and exit non-core areas, said multiple […]

A little over 11,500 MW of thermal generation capacities from 36 power units at 27 stations are idling due to want of coal. These plants, some of which have been shut for about three months, were to receive the dry fuel from Coal IndiaBSE -2.34 %. According to data compiled by the government, as of […]

Swiss engineering group ABB said today that it will expand its traction transformer business in India to drive competitiveness. Indias expansion is aligned with growth in railways and metro network, the company said in a statement. ABB has announced a strategic realignment of its global transformer manufacturing, engineering and service footprint to enhance competitiveness in […]