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Average Spot Power Price Falls 19% in April to Rs 3.22/Unit

The average market clearing price (MCP) at Rs 3.22 per unit saw a 19 percent decline over 3.98 per unit in April 2018. Average spot power price at the Indian Energy Exchange (IEX) declined 19 percent to Rs 3.22 per unit in April compared with Rs 3.98 a unit in the year-ago month, mainly due to improvement on []

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Tata Powers Renewable Biz Shines Again; EBITDA Up 35% in Q4

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

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US DOE Selects 4 Projects to Develop Next-Gen Wind Turbines

These projects will develop more efficient, smaller, and lighter-weight generators that will lower costs and make wind power more affordable. The U.S. Department of Energy (DOE) has selected four projects totaling up to $8 million in investment from the department to develop next-generation wind turbine drivetrain technologies that will facilitate the continued growth of wind turbines for []

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Risen Energy Forms Strategic Partnership to Expand Business in Australia

Chinese solar module manufacturer Risen Energy recently announced a strategic partnership with Sydney-based innovative investment and asset management company, Providence Asset Group. The two parties signed an agreement whereby they will collaborate on investment and on the development of solar photovoltaic (PV) power projects. This partnership will provide Risen Energy with strong financial support, helping []

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Radite Energy Bags 1.14 MW Solar Power Order From Amplus Solar

The Gurgaon based solar solutions provider is responsible for the complete design, supply, construction and commissioning of the plant which is being developed at the food processing unit of SSDPL in Baramati, Pune. Radite Energy, a complete turnkey solution provider for solar energy in India, has secured 1.14 MW project in Pune from Amplus Solar. []

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Italy Signs 30 Mn Agreement With Myanmar to Fund Electrification Programme

As a part of the agreement signed between the two countries, Italy has approved Euro 30 million soft loan agreement. Italy has extended its help for the World Bank-funded national electrification programme in Myanmar that is expected to bring half a million people in the country energy access. As a part of the agreement signed between []

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Rashtriya Rifles Light Up Two Villages in J&K With Solar Power

The Army has so far distributed over 17,000 solar lights among residents of such villages in Doda district. Reaching out to the poor in hilly areas of Jammu and Kashmirs Doda district, the Army has installed solar lights at unelectrified hamlets under its project Roshni. The solar lights have been installed at Thanhala and Ganori-Kahara villages by []

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SJVN Floats Tender For DC Fast Chargers at Nathpa Jhakri Dam

The last date for bid submission is May 15,  2019 SJVN Ltd. has issued a tender for setting up of  DC EV fast chargers for the Nathpa Jhakri Hydro Power Station (NJHPS) in Himachal Pradesh. The scope of work for the selected bidders will include the supply, installation and commissioning of two 20 kW DC []

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Telangana, AP Power Discoms Hit by Malware Attack

A Ransomware is a malicious software designed by hackers to lock someones computer system/server. Generally, such hackers demand huge money from the computer owners in lieu of unlocking the system or they threaten to publish data of the owner. The computer systems of power distribution companies (discoms) of Telangana and Andhra Pradesh states have been []

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