Gensol Engineering Limited has reported a net profit of Rs 228.9 million for the quarter ending September 2024, marking a 28.96% increase from Rs 177.5 million in the same quarter last year.
The company’s total income rose by 13.76% to Rs 3,468.2 million, up from Rs 3,048.7 million in the corresponding period of the previous year, reflecting steady growth in its financial performance.
On August 13, 2024, Schneider Electric kicked off its multi-city INNOVATION DAYS 2024 event in Mumbai, where the company launched eight new products and solutions. This series of events will continue across major cities including Delhi, Bengaluru, Ahmedabad, and Kolkata, engaging over 2,000 customers, partners, and stakeholders in person, with many more participating digitally. The newly introduced products and solutions focus on efficiency, reliability, sustainability, and safety. They include the MasterPacT MTZ Active circuit breaker,…
Tattarang’s Squadron Energy has secured approval from the New South Wales Independent Planning Commission (IPC) to construct the Spicers Creek Wind Farm, a 700MW renewable energy project in Wiradjuri Country, 25km north-east of Wellington within the Central-West Orana Renewable Energy Zone (CWO REZ). The project will include up to 117 wind turbines, battery storage, and supporting infrastructure, marking it as one of the largest wind farms approved in NSW. Once operational, Spicers Creek is expected…
The Energy Market Authority (EMA) of Singapore has conditionally approved Sun Cable’s proposal to import 1.75 GW of low-carbon electricity from Australia. This electricity will be generated from solar power in Australia’s Northern Territory and transmitted to Singapore through a 4,300 km subsea cable. The project aims for commercial operations post-2035. To secure a conditional licence, Sun Cable must update its proposal to meet EMA’s conditions, including technical requirements, ensuring a commercially viable price for…
SJVN Limited has filed a petition for the approval of tariffs to supply 1,500 MW of firm and dispatchable power from renewable energy projects connected to the Inter-State Transmission System (ISTS) with energy storage systems. This Build-Own-Operate (BOO) project includes an option to expand capacity by an additional 1,500 MW. The competitive bidding process ensured transparency and fairness. Designated by the Ministry of New and Renewable Energy (MNRE) as an intermediary procurer, SJVN facilitates the…
The Asian Development Bank (ADB) has approved a USD 311 million loan to upgrade electricity transmission and distribution infrastructure in Nepal under the South Asia Subregional Economic Cooperation Electricity T&D Strengthening Project. Implemented by Nepal Electricity Authority (NEA), the project will modernize energy infrastructure and add solar photovoltaic (PV) generation capacity. Key initiatives include constructing 290 km of transmission lines across Dailekh–Jumla, New Butwal–Lamahi, Nijgadh–Ramauli, and Teenpiple–Okharpauwa, along with enhancing distribution infrastructure in Karnali and…
Punjab’s power minister, Harbhajan Singh ETO, stated that 90% of consumers in the state are benefiting from free electricity. He made this announcement while visiting Chakk Tarawala village in the Dharamkot constituency to lay the foundation stone for a 66-KV sub-station and the building of a sub-divisional office at Dagru village. Singh emphasized that the state government is working tirelessly to fulfill its election promises.
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