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HPL Electric reports robust order book and growth in smart metering segment
HPL Electric & Power Ltd announced that its outstanding order book as of July 30, 2024, stands at over Rs. 37 billion. This substantial order book indicates a strong pipeline, ensuring sustained revenue generation and growth opportunities for the company. The company has bolstered its leadership in the smart metering sector, reporting a 35.67% year-on-year increase in revenue from its Metering, Systems & Services segment. This growth is attributed to a steady flow of orders…
Sunsure Energy begins supplying green energy in Uttar Pradesh
Sunsure Energy has commenced supplying 10.5 million units of renewable energy to two private entities in Uttar Pradesh, offsetting 7,500 metric tonnes of carbon dioxide emissions annually. Sunsure Energy currently offers renewable energy solutions to over 70 industrial companies across 16 states in India, with 120 MW of operational capacity in Uttar Pradesh.
Apraava Energy awarded transmission project in Rajasthan
Apraava Energy has secured an interstate transmission project in Rajasthan through the tariff-based competitive bidding (TBCB) process. The project involves the construction of approximately 200 km of 400 kV and 765 kV transmission lines, along with a pooling station, to facilitate the evacuation of 5.5 GW of renewable energy from Rajasthan’s Renewable Energy Zone Phase IV. Located in the Jaisalmer and Barmer regions, the project will play a key role in India’s renewable energy goals….
RattanIndia Power reports Rs 0.93 billion profit in Q1 FY25
RattanIndia Power posted a consolidated net profit of Rs 0.93 billion for the April-June 2024 quarter, primarily driven by higher revenues. This marks a significant turnaround from the Rs 5.49 billion loss reported in the same quarter last year. The company’s total income rose to Rs 10.16 billion in the reporting quarter, up from Rs 9.36 billion a year ago, according to a regulatory filing.
Vietnam proposes amendments to electricity law
Vietnam‘s Ministry of Industry and Trade has drafted a new electricity law to establish a legal framework supporting the development of a modern, interconnected, and efficient power market while prioritizing national energy security. The proposed amendments aim to address gaps in power development regulations, improve coordination among ministries, and overcome challenges in bringing electricity investments to remote areas. A key focus of the draft law is on refining electricity pricing policies. The goal is to…
8 Rivers, Siemens to develop 270 MW zero-emissions CO₂ turbine
8 Rivers, Siemens to develop 270 MW zero-emissions CO₂ turbine 8 Rivers Capital, a leader in decarbonisation technology, is collaborating with Siemens Energy to develop a zero-emissions turbine capable of generating 270MW of electricity using captured carbon dioxide (CO₂). This project, which began in late 2023, focuses on the development of direct-fired supercritical CO₂ turbines for various applications and fuel types. Siemens Energy has selected a commercially available generator to work in conjunction with the…