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NTPC Reports Highest Ever Annual Generation, 32% Surge In Income In FY23

The National Thermal Power Corporation of India (NTPC) today announced its Q4 and FY23 Financial Results. The leading power generator of the country claimed that during FY23, it reported the highest-ever annual generation of 399 Billion Units (BU) compared to 361 BU in FY22, registering a growth of around 11 percent.  The audited results of […]

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Renewable Energy: Looking Beyond Gujarat In 2023

The Indian story of renewable energy is actually a story of paradoxes. Thus, even as the country has made remarkable progress in adding renewable capacity, it still fell comfortably short of the 175 GW target for 2022 Nationally, the country today has achieved 168 GW of renewable energy including large hydro power but the travesty […]

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Climate Trends Report Identifies Challenges For Renewable Energy In Jharkhand

A recent report by Climate Trends and Ernst and Young LLP released on Tuesday hinted at numerous bottlenecks that the renewable energy sector in Jharkhand is grappling with. It comes when the state has already started planning the energy transition from a coal-dominated region to a less carbon economy.  The report said that secondary data hinted that […]

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NLC Issues Tender for 200 MW ISTS Connected Solar Project

Neyveli Lignite Corporation Limited (NLC) has invited tenders for setting up of 200 MW Solar Power Project that will be ISTS connected on a pan-India basis. The developer will also have to provide three years’ of O&M services. The bid guarantee has been kept at Rs 5.47 crore. The last date of submission is May […]

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Brookfield, EIG Consortium Ink Pact to Acquire Origin Energy for A$18.7bn

A consortium comprised of Brookfield Renewable Partners, together with institutional investors GIC and Temasek, and MidOcean Energy of leading investor EIG will be acquiring 100% shares of Origin Energy Limited. The parities have signed a Scheme Implementation Deed. Origin Energy is Australia’s largest integrated power generator and energy retailer. The Scheme values Origin at an […]

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High Priced Power Portal Launched Formally To Tackle Summer Peaks

As reported earlier by SaurEnergy, the formal start of the high priced power regime has been started to combat the summer peaks in power supply. For the record, India’s February power demand was an all time high. Launching the High Price Day Ahead Market and Surplus Power Portal (PUShP) – an initiative to ensure greater […]

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Karnataka & Gujarat Lead in Clean Energy Transition; Odisha, Bihar, UP Laggards

A new study conducted in unison by IEEFA (Institute for Energy Economics and Financial Analysis) and Ember to create the States’ Electricity Transition (SET) Scoring System. The report takes a look at 16 states in India. The report has analyses 16 Indian states that make up 90% of the country’s yearly power needs. The states […]

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Tata Power Q3 Results, TN Cell and Module Plant To Start By End Of 2023

Tata Power announced its Q3 Fy23 results on Friday, reporting consolidated net profits almost double of the numbers in the corresponding quarter of previous year. At Rs 1,052.14 crore in the quarter ended December 2022, the profit growth was aided by higher power generation and distribution sales, as well as improved realisation per unit. Strong Growth […]

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