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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 […]

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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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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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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 someone’s 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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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 […]

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BHEL, ARAI Sign MoU for E-Mobility Projects in India

BHEL and ARAI will combine their respective strengths in the technology development of E-Mobility solutions Bharat Heavy Electricals Limited (BHEL) and Automotive Research Association of India (ARAI), an autonomous body affiliated to the Ministry of Heavy Industries and Public Enterprises have signed an MoU for cooperation on various projects related to e-mobility. In the presence of […]

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EBRD Grants €48 Mn Loan For 220 MW Wind Project in Poland

The wind farm is expected to make a major contribution to reducing air pollution by replacing 480,000 tonnes of CO2 emissions annually. In its first project in renewable energy in Poland in over three years, the European Bank for Reconstruction and Development (EBRD) has announced that it is supporting the 220 MW Potegowo wind farm […]

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Siemens Wins Race to Rebuild and Modernise Iraq’s Electricity Grid

Within the implementation agreement, the parties also agreed on the award of contracts valued at approximately 700 million euros for Phase 1 of the Roadmap. German Industrial Conglomerate Siemens has beaten US-based General Electric to rebuild and modernise Iraq’s electricity grid. The German firm has signed an agreement with the Ministry of Electricity paving way […]

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