SUBSCRIBE NEWS LETTER

cea

Tata Power’s Renewable Biz Shines Again; EBITDA Up 35% in Q4

During the quarter, the Mumbai-headquartered company’s profit after tax (PAT) before exceptional items stood at Rs 259 crore, as against Rs 118 crore. Utility giant Tata Power’s renewable energy business again unveiled a significant growth during the fourth quarter of FY19, as it’s consolidated EBITDA surged 35 per cent to Rs 1,879 crore, mainly driven by […]

Read more

Partners in Progress: India Calls Out For Energy Security in Asia

India’s Minister of State for External Affairs V K Singh has called for concerted efforts across Asia to ensure energy security in the region for sustainable development and poverty eradication by pursuing non-polluting renewable sources such as solar power.  Speaking at the 16th Ministerial Meeting of Asia Cooperation Dialogue (ACD) in Doha, Qatar, the minister urged the Member States […]

Read more

Indian Solar Sector Contracts in 2018-19

The Indian Solar sector saw only 6,529 MW addition during the last financial year while Wind energy Sector too recorded a slump in growth. According to the data supplied by the Central Electricity Authority, 2018-19 saw fresh capacity additions to a paltry 6,529 MW as against 9,010 MW in the previous year. The figures show […]

Read more

European Commission Approves EUR 385 Mn Support For RE Transition in Lithuania

The scheme will contribute to Lithuania’s transition to low carbon and environmentally sustainable energy supply, in line with the EU environmental objectives and our state aid rules. The European Commission has approved, under EU State aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types […]

Read more

Tata Power’s Renewable Arm to Sell 32MW Wind Assets in Maharashtra

However, the company did not disclose the buyer of these assets. With an aim to optimize operating costs, Tata Power Renewable Energy Ltd (TPREL), a renewable arm of utility giant Tata Power, has entered into a pact to sell its 32 MW operating wind assets in Maharashtra. India’s one of the leading integrated power company […]

Read more

Discoms trip up India’s Move to Power-Surplus with Peak Deficit at 0.8% in 2018-19

India missed its target of becoming a power-surplus nation after its peak power deficit stood at 0.8 percent and the overall energy deficit remained 0.6 percent for the financial year 2018-19. In its Load Generation Balancing Report (LGBR) for the fiscal year, the Central Electricity Authority (CEA) had pegged overall energy and peak power surpluses at 4.6 percent and […]

Read more

Mumbai Housing Complex Goes Solar, To Reduce Electricity Bill by 70%

This would be the equivalent of reducing 140 diesel cars a month and around 1,700 such cars a year from Mumbai’s roads. In what is, perhaps, the largest renewable energy project in the city, a housing society in the Mumbai suburbs is looking at cutting its electricity bill by 70% by generating 700-kW solar energy […]

Read more

Cabinet Approves RE Pact Between India and Denmark with Focus on Offshore Wind Energy

The objective of the cooperation agreement is to promote cooperation between the two countries in the field of renewable energy with a special focus on offshore wind. The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval for a Cooperation Agreement between Ministry of New and Renewable Energy of India and Ministry […]

Read more
      SUBSCRIBE NEWS LETTER
Scroll