India

JSW Energy has been awarded an ‘A’ rating for Environment, Social, and Corporate Governance (ESG) by Morgan Stanley Capital International (MSCI). Recognized globally, MSCI’s ratings serve as a crucial tool for the international investment community. This achievement positions JSW Energy among the top ranks of domestic peers in the power generation industry, underscoring its robust ESG policies. The high rating reflects the company’s effective carbon emissions management and strategic focus on renewable energy. Under its…

The Indian Energy Exchange (IEX) achieved its highest-ever total trade volume of 13,250 million units (MU) in July 2024, marking a 56% increase year-over-year. This total includes renewable energy certificates (RECs) and energy-saving certificates, according to an IEX statement. Electricity volumes reached 10,093 MU, a 29% increase year-over-year. RECs experienced a significant surge, with volumes hitting 3,150 MU, up by 405% compared to the previous year. Additionally, green electricity volume grew by 259%, reaching 1…

The growing adoption of AI technologies is expected to significantly impact global power consumption. According to Goldman Sachs Research, the power demand of data centres will rise by 160% by 2030, driven by the high energy requirements of AI processing. Currently, data centres consume 1-2% of the world’s power, a figure projected to increase to 3-4% by the end of the decade. Data centers have maintained stable power usage due to efficiency gains, despite increasing…

ReNew is set to double its aggregate portfolio to 21 GW over the next five years, Chairman Sumant Sinha announced. This statement came after the release of the company’s first Annual Integrated Report, highlighting its commitment to expanding capacity with environmental considerations. The company surpassed the 10 GW capacity mark in FY24.

Tata Electronics has commenced the construction of a Rs 270 billion chip assembly plant in Assam. The facility, located in Jagiroad, Morigaon district, is expected to be operational by next year. The plant will produce 4,830 million chips daily using indigenously developed technologies. The construction began within five months of approval. The chips produced will be used in vehicles, including electric vehicles, 5G technology, and network infrastructure. India Semiconductor Mission aims to develop 85,000 talents,…

India is projected to add a total of 337,900 MW of power generation capacity by 2032, Union Minister of State for Power Shripad Naik informed the Rajya Sabha on Monday. Over the past decade, the country has added 214,237 MW of electricity generation capacity. This expansion increased the total generation capacity by 79.5%, from 248,554 MW in March 2014 to 446,190 MW in June 2024. Of the anticipated capacity addition by 2032, 80,000 MW will…

The Delhi government inaugurated two new transformers in Sriniwaspuri and Kalkaji. The installation of the two 630 KVA transformers aims to ensure uninterrupted electricity supply for residents in these areas, addressing the increasing demand that previously strained old transformers and led to frequent power cuts.

The Rajasthan Cabinet, chaired by Chief Minister Bhajanlal Sharma, approved establishing four joint venture companies focused on renewable and thermal power generation and transmission. The Cabinet also approved the development of metro rail projects under a joint venture with the central government, which is in line with the Metro Rail Policy 2017. Following an MoU signed with various central public sector companies on March 10, 2024, the state Cabinet approved the formation of joint ventures…