Energy Efficiency Services Limited (EESL) formed as a joint venture between NTPC, REC, Power Finance Corporation and PowerGrid under the Ministry of Power has a taken a lead in promoting several innovative measures to save on energy demand.
India will set up a $350 million fund to finance solar projects, Power Minister R.K. Singh said, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022.
India’s power ministry is considering ending the lock on electricity sales by distributors as one way to speed up growth in vehicle charging stations, according to a ministry official with knowledge of the plan.
For new projects commissioned in 2017, electricity costs from renewable power generation have continued to fall significantly compared to the fossil fuels, according to a new report from the International Renewable Energy Agency (IRENA).
Electricity consumers in Ahmedabad, Gandhinagar and Surat may have to cough up more as Torrent Power Limited (TPL) has sought permission to increase power rates. The company claims that it needs higher rates to recover its past under-recoveries.
The electric utility, traditionally, is one of the most conservative and defensive sectors, with mostly government-controlled entities. After the opening of the sector, there is substantially private sector investment in both regulated and unregulated services.