NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year.
However, the company’s total income rose by 9.25% to Rs 34.02 billion during this quarter, compared to Rs 31.14 billion in the corresponding period last year.
Honeywell has launched a new suite of artificial intelligence (AI)-enabled solutions aimed at improving efficiency, decision-making, and workforce productivity across plant operations. These solutions, powered by Honeywell Forge and decades of industry expertise, provide an end-to-end AI experience for field workers, control room operators, and executives. In response to challenges such as a shortage of skilled talent and the need for enhanced operational efficiency, Honeywell’s AI solutions, including the Experion Operations Assistant, offer step-by-step guidance…
BW ESS has acquired the remaining stake in Penso Power, integrating their engineering, project delivery, and commercial capabilities to enhance utility-scale energy storage worldwide. Financial details of the deal were not disclosed. Penso Power’s founders will join the merged entity’s senior management team. BW ESS’s acquisition adds over 2GW of Penso Power’s energy storage pipeline in the UK and Australia, increasing its total pipeline to 5GW across multiple regions. The companies are currently constructing the…
PT Pupuk Indonesia (Persero) has signed a Head of Key Terms (HoT) agreement with ACWA Power, PLN Energi Primer Indonesia, and PLN Indonesia Power to secure green hydrogen for scaling up its green ammonia production. This collaboration, which began last year, aims to ensure a steady supply of green hydrogen, the key raw material for producing green ammonia, which Pupuk Indonesia will use to manufacture urea and NPK fertilizers. A joint venture between ACWA Power…
Despite nationwide protests disrupting economic activities, Bangladesh’s electricity demand grew 7% over three weeks, reaching an average of 316 million kWh per day. This increase, driven mainly by household air-conditioning use amid extreme heat, occurred even as most industrial and commercial activities came to a halt. The rise in residential power consumption highlights a shift in Bangladesh’s energy landscape, where household demand now surpasses industrial use. This trend has pushed Bangladesh to boost imports of…
Senvion India, the country’s fifth-largest wind turbine manufacturer, has announced plans to expand its manufacturing capacity to 2 GW by 2026. To support this growth, the company will invest over USD 100 million in research and development (R&D) and supply chain advancements over the next two years, focusing on launching new technologies. In September, Senvion India introduced a 4.2 MW wind turbine model, its first four MW turbine, developed in collaboration with RE Technologies, a…
Marsons Ltd has announced its entry into the renewable energy sector. The company will focus on manufacturing specialised equipment and undertaking EPC contracts for solar power plants. The company plans to supply inverter-duty transformers and generation step-up (GSU) transformers for solar and wind power plants, and it will invest Rs 25 million to expand its transformer range over the next three months. In addition, Marsons received a letter of intent (LoI) from NACOF OORJA to…
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