No proposal to raise grant for smart meters
Under RDSS, there is a maximum grant of ₹900 per consumer meter, ₹3,450 per distribution transformer meter and ₹6,300 per feeder meter.
Parbati hydro project to be commissioned by March
The project had started partial generation in September, 2018, and has so far generated 1,129 million units of power.
Tata Power to invest Rs 1.2 lakh crore in Rajasthan
Tata Power has unveiled a ₹1.2 lakh crore investment plan for Rajasthan’s renewable energy sector. The initiative targets solar, wind, and hybrid projects, along with rooftop solar installations and EV
Continue readingTata Power to invest Rs 1.2 lakh crore in Rajasthan
Amid solar power row, centre plans to review bidding process
Amidst the Adani-Azure solar deal controversy, the central government is reviewing its renewable energy bidding process. A shift from a central bidding process led by SECI to a state-led one
Continue readingAmid solar power row, centre plans to review bidding process
Ghatkopar billboard collapse: Oil regulator orders risk assessment at all petrol pumps
Following a deadly billboard collapse at a Mumbai petrol pump in May, India’s oil regulator has ordered a nationwide safety review of all fuel stations. Retailers must assess risks posed
YSRCP government rejected AP power officials concerns on high tariff, delays
The Andhra Pradesh Power Coordination Committee (APPCC) raised concerns about the high tariff of ₹2.49 per unit and potential delays in a 7000 MW solar power project.
Morgan Stanley, HSBC cut oil supply forecast, predict $70 Brent after OPEC decision
OPEC+ delayed oil output increases, pushing back plans by three months to April and extending cuts until September 2026. Morgan Stanley and HSBC revised their forecasts, predicting a Brent price
Continue readingMorgan Stanley, HSBC cut oil supply forecast, predict $70 Brent after OPEC decision
Russia's Rosneft invested $20 bn in India, govt quotes Putin as saying
Rosneft, a Russian oil producer, recently invested $20 billion in India, strengthening energy ties between the two nations. Putin expressed readiness to establish manufacturing in India, highlighting its profitability. India
Continue readingRussia's Rosneft invested $20 bn in India, govt quotes Putin as saying
Vidarbha Industries Power dragged to NCLT by CFM Asset over Rs 3,800 crore unpaid dues
CFM Asset Reconstruction Pvt Ltd has taken Vidarbha Industries Power Ltd (VIPL) to the National Company Law Tribunal (NCLT) for unpaid dues of nearly ₹3,800 crore. VIPL, a Reliance Power
ONGC, NTPC Green JV set to buy Ayana Renewable for $750 million
ONGC NTPC Green Pvt Ltd (ONGPL) is acquiring a 100% stake in Ayana Renewable Power for $700-750 million. The deal values Ayana at $1.7-1.8 billion and includes 4.6 GW of
Continue readingONGC, NTPC Green JV set to buy Ayana Renewable for $750 million