EMT and Iberdrola’s i-DE Agree to Electrify Madrid’s Urban Bus Network Updated On Mon, Jun 29th, 2020 by Saurenergy EMT and i-DE, Iberdrola’s electrical distribution company, have agreed to work together on the electrification of the urban bus network in Madrid. The Madrid Municipal Transport Company (EMT) and i-DE, Iberdrola’s electrical distribution company, have agreed to work together on the electrification of the urban bus network in the city of Madrid, with the aim of consolidating […] Read more
Sensor Market Growth to be Dictated by Increase in EV Demand: Report Updated On Mon, Jun 29th, 2020 by Saurenergy Sensor market growth will be dictated by an expected increase in demand for electric vehicles (EV), according to a new report by Strategy Analytics. Sensor market growth will be dictated by an expected increase in demand for electric vehicles (EV). The new Powertrain Body Chassis and Safety (PBCS) service report by Strategy Analytics, forecasts that […] Read more
Xpeng Starts Delivery of its Intelligent EV Sports Sedan ‘P7’ Updated On Mon, Jun 29th, 2020 by Saurenergy Xpeng Motors has begun nation-wide delivery of its new P7 super-long range, high-performance, smart EV sports sedan to customers. Xpeng Motors, a leading Chinese electric vehicle and technology company, has announced that it has begun nation-wide delivery of its new P7 super-long range, high-performance, smart EV sports sedan to customers. This follows the receiving of […] Read more
KKR Acquires Stake in Philippines Based Power Producer ‘First Gen’ Updated On Mon, Jun 29th, 2020 by Saurenergy KKR has accepted all of the 427,041,291 common shares of First Gen, representing approximately 11.9 percent of its outstanding common shares. Global investment firm KKR has announced that, following the completion of the voluntary tender offer period by Valorous Asia Holdings, an entity owned by KKR investment funds, the Offeror has accepted all of the […] Read more
Discoms’ Dues to Gencos Expands to Rs 1.23 Lakh Crore Updated On Mon, Jun 29th, 2020 by Saurenergy Gencos total outstanding dues owed by Discoms rose nearly 63 percent to Rs 1.23 lakh crore in April 2020 over the same month previous year. Power generators (Gencos) total outstanding dues owed by distribution companies (Discoms) rose nearly 63 percent to Rs 1.23 lakh crore in April 2020 over the same month previous year, reflecting stress in the sector. […] Read more
RPO Fines Will Lead to Exponentially High Demand: RK Singh Updated On Mon, Jun 29th, 2020 by Saurenergy The increase in fines for non-compliance of RPO to up to Rs 1 per KWh of the shortfall would lead to a huge rise in demand, RK Singh has said. The increase in fines for non-compliance of renewable energy purchase obligations (RPO) to up to Rs 1 per kilowatt-hour (KWh) of the shortfall would lead […] Read more
Inox Wind Net Loss Widens to Rs 192.17 Cr in Q4 Updated On Sat, Jun 27th, 2020 by Saurenergy Inox Wind, a leading wind energy solutions provider in India, has reported its consolidated net loss widened to Rs 192.17 crore during the fourth quarter ended March 31, 2020, on the back of higher expenses. The consolidated net loss of the company stood at Rs 53.56 crore during the same period a year ago, the […] Read more
NTPC PAT Drops 70% to Rs 1,524 Cr in Q4 on Higher Tax Provisioning Updated On Sat, Jun 27th, 2020 by Saurenergy 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 […] Read more
Tucson Electric Mulls to Supply 70% Electricity via Renewable to achieve CO2 Reduction Targets Updated On Sat, Jun 27th, 2020 by Saurenergy In a significant development, Arizona-based electric utility company, Tucson Electric Power (TEP), is mulling to supply over 70 per cent of its electricity from wind and solar energy resources. The move is seemed to be as part of its clean energy plan in which it is targeted to trim 80 per cent of its carbon […] Read more
