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Adani Green and TotalEnergies to form joint venture with $444 million investment

India, News

India’s Adani Green Energy announced that its board has approved agreements for a TotalEnergies affiliate to invest $444 million in a new joint venture with the company. This follows a previous $300 million deal between Adani Green and the French oil major to expand renewable energy capacity in India, where coal remains the primary energy source. The joint venture will include Adani Green, Adani Renewable Energy Sixty Four, and TotalEnergies Renewables Singapore, with each company…

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Vedanta plans Rs 1,000 billion investment in Rajasthan

India, News

Mining and metals conglomerate Vedanta plans to invest nearly Rs 1,000 billion in Rajasthan, with a significant portion earmarked for renewable power projects.  Vedanta’s major businesses, including Hindustan Zinc and Cairn India, are based in Rajasthan. The company has already invested over Rs 1,000 billion in the state in recent years to create opportunities, strengthen industries, and empower communities. Looking ahead, Vedanta aims to invest an additional Rs 1,000 billion, with a focus on large-scale…

Company Profile: NTPC

Features

NTPC Limited, India’s largest power utility, has shown strong financial performance, significant capacity expansion, and renewable energy and nuclear power initiatives. The company achieved record highs in market capitalisation, profit, and electricity generation while advancing its commitment to sustainability and innovation. Here’s a detailed look at NTPC’s achievements and plans. Financial Performance In FY 2023-24, NTPC reported a consolidated profit after tax (PAT) of Rs 213.32 billion, a 25% increase from the previous year. The…

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NLC signs agreement for 200 MW solar power project in Telangana

India, News

NLC India (NLCIL) has signed a power usage agreement with Telangana distribution companies to supply 200 MW of solar power at a competitive price under the central public sector undertaking scheme for 25 years. The solar project will be developed under the ‘Make in India’ initiative, utilizing state-of-the-art equipment and technology, including single-axis trackers and domestically manufactured high-efficiency modules. The project is scheduled for commissioning by June 2025. Over its lifetime, NLCIL’s solar project is…

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Report: July 2024 Power sector installed capacity overview

Analysis, India, News

As of July 31, 2024, India’s total installed capacity for power generation reached 448,381.44 MW, covering various energy sources across different sectors and regions. The breakdown includes thermal power, which accounts for 242,996.91 MW, primarily derived from coal, lignite, gas, and diesel sources. Hydropower contributes 8,180 MW, covering major hydroelectric plants across the nation. Renewable energy sources (RES), which include solar, wind, biomass, and small hydro projects, account for 47,928.17 MW. Nuclear power adds another…

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Adani Power faces $800 million in unpaid dues from Bangladesh amid political turmoil

India, News

Billionaire Gautam Adani’s power unit, Adani Power Ltd., is owed as much as $800 million by Bangladesh for electricity supplied from its coal-fired plant in the Godda district of Jharkhand, India. The dues come as Bangladesh faces economic challenges, including weeks of violent protests that led to the ousting of the previous administration. Bangladesh Bank’s newly-appointed Governor, Ahsan H. Mansur, told Bloomberg that failure to pay could result in a halt of electricity supply, although…

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Adani in talks to acquire 600 MW Butibori thermal project from Reliance 

India, News

Adani Power Ltd is in advanced discussions to acquire the 600 MW Butibori thermal power project in Nagpur, previously owned by the now-insolvent Reliance Power Ltd, according to a report by Mint. The deal is expected to be valued between Rs 24 billion and Rs 30 billion, which translates to approximately Rs 4 crore to Rs 5 crore per MW. The Butibori project, operated by Vidarbha Industries Power Ltd, a subsidiary of Reliance Power, has…

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NCLT approves Sarda Energy’s Rs 22 billion acquisition of SKS Power 

India, News

The National Company Law Tribunal (NCLT) has approved the acquisition of bankrupt SKS Power Generation by Sarda Energy & Minerals for Rs 22 billion. This acquisition allows Indian banks, which have an exposure of Rs 18.9 billion, to recover their entire amount from the electricity generation firm. SKS Power Generation owns a 600-MW power plant in Chhattisgarh, currently operated by NTPC. The committee of creditors, led by State Bank of India (SBI) and Bank of…

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Transforming Delhi’s Power Grid

Analysis, Features

Delhi’s electricity demand has surged by 20% since 2014-15, with peak load increasing by over 30%. This growth is primarily fueled by domestic consumption, which accounts for nearly 60% of the city’s total demand. With a projected population of over 20 million by 2030, Delhi is on track to become the world’s largest metropolitan city. The city’s peak electricity demand, which reached 7,700 MW in 2022, is expected to rise by 50% by 2030, hitting…

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Proposed 1600 MW Thermal Power Project in Mirzapur faces environmental scrutiny

India, News

The proposed 1600 MW coal-based ultra supercritical thermal power project in Mirzapur, Uttar Pradesh, does not involve forest land for the main site, but 8.35 hectares of forest land is needed for a water pipeline and road access, the government informed Parliament. The National Green Tribunal (NGT) recently took suo motu notice of a report indicating that the 665 hectares of land for the project site is recorded as a ‘forest’ in a 1952 gazette…