Energy Efficiency Services Ltd. (EESL), under the Ministry of Power, Government of India had put out a mega tender for procurement of 50 lakh smart meters in July, which would help in reducing AT&C losses.
With the Centre’s push for electricity for all, power financing firm Rural Electrification Corporation (REC) sees major growth coming from renewable energy, transmission, distribution, smart grid and turnkey projects overseas through subsidiaries.
Government think tank NITI Aayog has pitched for 24×7 electricity for all, bringing reforms in diesel and petrol pricing, and city gas distribution in 100 smart cities in its Three-Year Action Agenda released today.
Schneider Electric SE, the French industrial multinational and Eaton Corp have emerged as the top contenders to acquire Larsen & Toubro’ electric and automation division for Rs 15,000-Rs 17,000 crore as India’s largest engineering group looks to prune its portfolio and exit non-core areas, said three officials aware of the ongoing developments.
The movement towards making electric vehicles (EVs) mainstream received a great push by Elon Musk; however, there still remains a long stretch for EVs to cross before they become ubiquitous on Indian roads.
The power ministry will next month unveil new norms for medium-term (5-7 years) power purchase agreement with an aim to revive commissioned stressed coalbased capacities worth Rs 1.44 lakh crore.
Tata Power is planning to raise up to ₹7,000 crore via non-convertible debentures (NCD)/bonds on a private placement basis for one year.
To bring down its around Rs 49,000 crore gross debt, private utility Tata Power is planning to sell its non-core assets even as it continues to explore viable options to resolve issues pertaining to the financially crippled 4,000-mw Coastal Gujarat Power at Mundra.
Tata Power’s Renewable Portfolio Records 329% Increase In Consolidated PAT In Q1 FY18 vis-a-vis Q1 FY17
Tata Power, India’s largest integrated power company, today announced that the Company’s renewable portfolio in India has registered a healthy consolidated PAT of Rs 142.18 crore in Q1 of FY18, a 329% increase from Q1FY17.
The Centre has asked wind energy-producing states to ensure regulatory approval of power purchase agreements (PPAs) signed when tariffs and equipment costs were higher, and use special powers under the Electricity Act to issue directions to autonomous regulators in public interest, if necessary.