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.
According to the latest release from the International Energy Agency (IEA), total net electricity production in the Organisation for Economic Co-operation and Development (OECD) countries reached 902.8 TWh in June 2024, reflecting a 5.4% year-on-year (y-o-y) increase. On a year-to-date basis, electricity production in the first two quarters of 2024 rose by 2.9%. The OECD consists of 38 member countries, including major economies such as the United States, Japan, Germany, and Australia, working to promote…
The Central Electricity Authority (CEA) has proposed draft regulations titled “Draft Central Electricity Authority (Cybersecurity in Power Sector) Regulations 2024” to enhance cybersecurity across India’s power sector. The CEA is currently seeking public comments on these draft regulations. Key Proposals: Creation of CSRIT-Power: The draft regulations propose the establishment of a “Computer Security Incident Response Team (CSRIT) – Power” under the CEA. This entity will be responsible for collecting traffic data from all “responsible entities”…
German solar and wind park developer Energiekontor has obtained building permits for three wind park projects in Lower Saxony, Germany, with a combined generation capacity of approximately 116MW. Construction on these projects is set to begin shortly and they are expected to participate in the upcoming EEG (Renewable Energy Sources Act) tender by the Federal Network Agency in November 2024. In addition to these new projects, Energiekontor is preparing for the financial close of several…
Tamil Nadu has introduced the RePowering, Refurbishment, and Life Extension Policy 2024 for wind energy generators (WEGs), effective until March 31, 2030. The policy mandates that all WEGs completing their 20-year operational life must undertake repowering, refurbishment, or life extension projects, while participation remains voluntary for others. Projects connected to the state transmission utility (STU) will be implemented through the state nodal agency. WEGs opting for repowering will have 18 months for execution, while refurbishment…
Synergy has started installing the first battery units at its 500MW/2GWh Collie battery energy storage system (BESS) in Western Australia. The project, valued at A$1.6 billion (USD 1.07 billion), will include 640 battery units and is scheduled to be operational by 2025. Once complete, the BESS will power 785,000 homes for four hours. The construction phase has generated 500 local jobs in Collie and supports the state’s energy transition plan, which aims to phase out…
Indian High Commissioner Santosh Jha has handed over the first payment for hybrid power projects on the Sri Lankan islands of Delft, Nainativu, and Analaitivu, located off the northern coast of Jaffna. These projects, funded by an $11 million Indian grant, aim to install a hybrid renewable energy system to meet the energy needs of these islands, which are not connected to Sri Lanka’s national grid. The projects are being carried out in collaboration with…
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