State-owned NTPC is exploring new nuclear power projects. Site selection studies have begun in Andhra Pradesh, Madhya Pradesh, Gujarat, and Odisha. This initiative is part of NTPC’s extensive 30 GW nuclear energy plan. The company aims to contribute significantly to India’s ambitious nuclear capacity target. Investments will be substantial, spanning multiple states. NTPC is diversifying…
India is set for a massive power transmission investment of nearly Rs 9 trillion by 2032, according to a Kotak Neo report. This will support the country’s clean energy goals by building essential grid infrastructure. Renewable energy capacity is growing rapidly, requiring extensive transmission lines and substations. High-Voltage Direct Current systems will be crucial.
IntelliSmart Infrastructure, a leading smart meter platform, is nearing the end of its sale process, with an Adani Group entity among four shortlisted bidders. The transaction is expected to value IntelliSmart at approximately $400 million. Binding bids are anticipated by mid-June as shortlisted firms commence due diligence.
Electricity distribution companies are showing better payment habits. This is helping power generators receive payments on time. Key operational metrics have improved significantly. The gap between costs and revenue has narrowed. Technical and commercial losses have also fallen. The sector reported its first profit in years. However, performance varies across states.
Transformers and Rectifiers India has won a significant order valued at Rs 228.26 crore from Gujarat Energy Transmission Corporation. The company will supply six transformers and two reactors. This major project is scheduled for completion by August 2028. The Ahmedabad-based firm specializes in manufacturing various types of transformers. Its shares saw a positive movement on…
Vedanta’s subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab’s energy needs. The judgment restores an earlier order from the state regulator.
India’s power producers achieved a record electricity generation as a severe heatwave grips the nation. Peak power demand hit an all-time high for the fourth consecutive day, reaching 270.82 gigawatts on Thursday, successfully met by the grid. This surge is attributed to increased use of cooling appliances amid soaring temperatures.
Adani Power is set to acquire stakes in Jaypee Group’s power companies for approximately ₹4,200 crore. This move will boost Adani Power’s generation capacity and thermal power presence. The deal includes a stake in Jaiprakash Power Ventures and the Churk thermal power plant. This acquisition is part of a larger restructuring of the debt-laden Jaypee…
India’s peak power demand neared 271 GW on Thursday, a significant increase driven by intense heat. This marks the fourth consecutive day of record demand. Thermal power met over 62% of the need, with coal supplies monitored. The ministry is assessing trends for future projections. Peak demand in solar hours has been met without issues…
Patratu Vidyut Utpadan Nigam Limited has started trial runs for its second 800 MW power unit. This boosts the project’s capacity to 1,600 MW. The NTPC group’s total installed capacity now exceeds 90 GW. Jharkhand will receive 85 percent of the power generated. Unit-3 is under construction and expected by FY27.