The rate of decline in power generation in the past few months have slowed down in July, this slowdown is being seen as a sign of recovery. According to data made available by government resources, the rate of decline in power generation in the past few months has slowed down in July. This slowdown is […]
State-run power giant NTPC has reported a drop of more than 70 per cent in its consolidated net profit after tax (PAT) at Rs 1,523.77 crore during the January-March quarter mainly on account of higher tax provision under the ‘Vivad Se Vishwas’ scheme. The consolidated PAT of the company stood at Rs 5,161.39 crore during the corresponding […]
The board of Adani Power Ltd (APL), a part of the diversified Adani Group, has provided its consent on the proposal for delisting of the company’s equity shares from the stock exchanges i.e. both from BSE and NSE. The promoter group collectively holds 289.16 crore equity shares of APL representing 74.97 per cent of the […]
GE Power India Ltd (GEPIL), formerly known as Alstom India, has designated Mahesh Shrikrishna Palashikar as its Additional Director and Non-Executive Chairman effective from Wednesday i.e. May 27, 2020. Palashikar succeeded Vishal Keerti Wanchoo due to his retirement on attaining the age of superannuation. The decision of Palashikar’s appointment has been taken by the Board of Directors of the company during […]
The ongoing coronavirus crisis has raised the wakeup call for global economies to diversify the manufacturing activities, which are concentrated in a single location from a long time. Thus, the situation has thrown up the need in front of global Original Equipment Manufacturers (OEMs), which are largely in China and other countries, to diversify their […]
Amid the ongoing crisis due to coronavirus pandemic in the country, state-owned power generation equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) said that it has now geared up to offer assistance in whatever way possible to India’s determination in combating this calamity. The New Delhi based engineering and manufacturing company said that it will keep […]
With an aim to achieve its target of 23 percent renewable energy share in the energy mix by 2025, Indonesia is planning to replace its old fossil fuel plants with renewable energy, as per the data and analytics company report. The country, which is mainly dominated by thermal power generation, has renewable energy potential of […]
India’s installed power generation capacity has reached 365 GW, which is sufficient to meet the country’s electric demand, Parliament was informed recently. India‘s installed power generation capacity has reached 364.9 gigawatts (365 GW), which is sufficient to meet the country’s electric demand, Parliament was informed recently. Besides, the peak, as well as energy requirement deficit, was less […]
“As a result of banks confirming credit approvals, JSP is now ready to commence construction, subject to the finalisation of project and financing documentation, which is expected to occur over the coming weeks,” said James Harding. ASX-listed power generation development company Genex Power has received credit approval to fund its two 50 MW each solar […]
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