Hindalco Partners With Greenko To Produce Solar & Wind Power For Odisha Smelter Updated On Fri, Aug 12th, 2022 by Saurenergy Aditya Birla Group owned Hindalco and energy transition company Greenko Energies have announced that they have entered into a commercial arrangement to set up a renewable energy project for supply of 100 MW round-the-clock carbon free power. The arrangement covers the development of 375-400 MW of solar and wind capacity. The official statement by Hindalco […] Read more
Tata Power-DDL Meets 100% RPO; Becomes 100% RPO Compliant Second Time In a Row Updated On Thu, Aug 11th, 2022 by Saurenergy Power utility, Tata Power Delhi Distribution Limited, a JV between the Government of India and Tata Power Company, has achieved 100% RPO compliance for the second year in succession. To meet its Renewable Purchase Obligation (RPO) for the financial years 2021–2022, the company purchased 2200 million units (MUs) of green power from renewable sources, such […] Read more
Assam To Invest Rs 10,000cr For 2000 MW Solar Power Updated On Wed, Aug 10th, 2022 by Saurenergy The Assam government has decided to produce 2,000 MW of solar power with an investment of Rs 10,000 crore. Chief Minister Himanta Biswa Sarma has said that the capacity will be added in the next three years. Assam wants to add 2000MW solar through two projects. The state will form a joint venture with centre-owned NLC India. It […] Read more
Shell Completes Acquisition Of Renewables Platform Sprng Energy Group Updated On Tue, Aug 9th, 2022 by Saurenergy Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed 100% acquisition of Solenergi Power Private Limited and along with it, the Sprng Energy Group of Companies from Actis Solenergi Limited (Actis)- a leading global investor in sustainable infrastructure Sprng Energy, set up in 2017 by Actis, is a renewable energy […] Read more
Torrent Power Q1 FY23: Profit Sees Two-Fold Surge Updated On Tue, Aug 9th, 2022 by Saurenergy Leading Ahmedabad-based power player Torrent Power Limited has released its Q1 FY-23 results. For the April to June quarter (Q1) of the current financial year, the company’s consolidated net profit increased by more than 140% to Rs 502.01 crore from Rs 207.78 crore in the equivalent quarter of the previous financial year 2021–22. The revenue […] Read more
Varun Mehta Is Torrent Power’s New Director On Board In Succession Plan Updated On Tue, Aug 9th, 2022 by Saurenergy Varun Mehta has been appointed to the Board of Torrent Power as Director. This move makes him the second third-generation member from the family to be elevated in a week’s time. This announcement comes close on the heels of the elevation of Aman Mehta, the son of Chairman, Torrent Group, Samir Mehta, to the board […] Read more
Two Of The Four Gujarat State Discoms Top All-India Integrated Rating Updated On Mon, Aug 8th, 2022 by Saurenergy In the 10th Integrated Rating of Power Distribution Utilities, published by the Union Power Ministry, two of the four state-owned power distribution firms (DISCOMS) of Gujarat have emerged on top. Dakshin Gujarat Vij Company Limited (DGVCL) and Madhya Gujarat Vij Company Limited (MGVCL), two of the 71 discoms evaluated, took the top two spots, while […] Read more
NTPC Looks for Nuclear Power Addition; Bullish on Renewable Energy Updated On Mon, Aug 8th, 2022 by Saurenergy Power conglomerate NTPC has announced in its 18th Analysts & Investors Meet that the company is foraying into nuclear power while maintaining its thrust on the renewable sector. Chairman and Managing Director, Gurdeep Singh, said, “Discussions are underway for adding the nuclear capacity. This is the new thing that you would probably be hearing that we […] Read more
Madhya Pradesh Hopes To Be Major Energy Exporter Using Green Power Updated On Mon, Aug 8th, 2022 by Saurenergy Madhya Pradesh, one of the states that has managed to shrug off an indifferent renewable record over the past three years to emerge as a renewable hotspot in India, has set a high target for 2030. The state hopes to add 20,000 MW of renewable energy, mostly solar power, to become a significant energy exporter […] Read more
