Following annual ratings conducted by the Union Ministry of Power (MoP), two of the three power distribution companies in the state — Poorv Kshetra Vidyut Vitaran Company and Madhya Kshetra Vidyut Vitaran Company — have emerged among the ‘worst performing’ in a list of 41 discoms across 22 states.
Indian Railways has launched itself on the road to privatisation by flagging off the Tejas Express running between Lucknow and Delhi and announcing plans to privatise the running of as many as 150 passenger trains.
Power and New & Renewable Energy Minister R K Singh on Tuesday exuded confidence that India will achieve 175GW of renewable energy target by 2022. “The target of having 175 GW of renewable energy by 2022 looks huge.
UP government and Dutch company GC International on Tuesday signed an agreement for setting up waste to energy power plants in Muzaffarnagar and Ghaziabad. Under the agreement, the company will invest Rs 2,000 crore for setting up the two plants in the two districts.
Over the past few years, extreme weather events have devastated communities across the world. Be it floods, landslides, or wildfires, natural disasters have concerned chief executive officers (CEOs) in India and globally, that a changing environment carries severe market risks.
AC Energy and UPC Solar Asia Pacific have agreed to jointly develop, build and run solar projects throughout the Asia- Pacific region. Their UPC-AC Energy Solar venture aims to build more than 1 GW of solar capacity over the next few year
In a new twist to the ongoing battle over the review of power purchasing agreements (PPAs), the power distribution companies in the state filed a writ petition in the Andhra Pradesh high court challenging the proceedings of the Union ministry of renewable energy to issue of letters of credit (LCs) to solar and wind power producers.
Energy solutions provider Inox Wind said on Wednesday it has closed a deal for sale of a 50 megawatt wind power project at Dayapar in Kutch district of Gujarat in which Adani Green Energy will be the strategic investor.
India’s solar and wind energy sector is facing headwinds and the liquidity profile of the IPPS in the segment is gradually deteriorating, rating agency ICRA said in a note today, adding it has revised the outlook for almost one-third of the portfolio.
Andhra Pradesh’s power regulator has approved solar power tariffs arrived at in the auctions, allaying the fears of successful bidders who had started construction of solar projects without waiting for the regulator’s formal approval.