State-owned Coal India Limited (CIL) announced that its subsidiary Northern Coalfields Ltd (NCL) has tied up with power major NTPC to install a 50 megawatt (MW) solar power project in Madhya Pradesh. This will be the first ground-mounted solar project for NCL for which the project consultant NTPC has invited bids with a pre-bid date […]
Satluj Jal Vidyut Nigam (SJVN) has won 1000 megawatt (MW) grid-connected solar project worth Rs 5,500 crore in a bidding conducted by Indian Renewable Energy Development Agency Ltd (IREDA). According to a company statement, the state-run company has bagged the solar PV power project through a Request for Proposal (RFP) floated by IREDA. Nand Lal […]
Hyderabad-based solar cell and module manufacturer, Premier Energies, has raised Rs 200 crore from GEF Capital Partners, a global private equity manager. Premier’s plan is to invest Rs 1,200 crore over the next two years to raise its manufacturing capacity. The equity capital will be utilised to add 2 gigawatt (GW) of cell and 2 […]
India’s crude oil production fell by 2.3 per cent in August 2021 while its natural gas output rose by more than a fifth on the back of output from KG-D6 fields of Reliance-BP, government data showed. Crude oil production dropped to 2.51 million tonnes in August as output from fields operated by state-owned Oil and […]
India’s big business corporate houses like Reliance, Adani, Tata, and Jindal are some of the 18 companies that have applied for the government’s Rs 4,500 crore production-linked incentive (PLI) scheme. They expect to start or increase their manufacturing capacity with the help of these funds. State-owned giant, Coal India Limited (CIL), which is also trying […]
Gujarat-based Torrent Power has signed a share purchase pact to acquire 156megawatt (MW) wind power projects for about Rs 790 crore from Surya Vidyut, an arm of Kolkata-based CESC Ltd. Surya Vidyut operates 156 MW wind power plants spread across the states of Gujarat, Rajasthan, and Madhya Pradesh, a statement said. The projects have long-term […]
India has added 521 megawatts (MW) of rooftop solar capacity in the second quarter (Q2) of calendar year (CY) 2021, a 53 per cent quarter-on-quarter (q-o-q) increase compared to 341 MW installed in Q1 2021, according to Mercom India Rooftop Solar Market Report Q2 2021. According to the report, the rooftop solar installations increased by […]
China’s natural gas consumption is growing faster than any other country in the Asia-Pacific (APAC), a Russian gas CEO said on Friday, according to Russian news agency, TASS. Gazprom’s CEO Alexey Miller made that statement at the 24th annual general meeting of the International Business Congress. According to Miller, China’s energy market is the most dynamic in […]
A surge in international oil prices may translate into an increase in the retail selling price of petrol and diesel in India as oil companies face extreme margin squeeze, sources said. Petrol and diesel prices have remained unchanged for 12 days but now the international rate surge is exerting pressure. Current prices of petrol and […]
The tariff of Rs 2.92/ kilowatt-hour (kWh) discovered in the manufacturing-linked solar projects auction held in January last year has now been reduced to Rs2.54 per kWh, a redu tion of 12.92 per cent. Adani Green Energy (AGEL) and Azure Power had won the first of its kind manufacturing-linked solar tender floated by Solar Energy […]
