Reliance Power Limited has recorded a net profit of Rs 28.78 billion for the quarter ended September 2024, reversing a loss of Rs 2.38 billion in the same period last year.
Despite the turnaround, the company’s total income decreased by 7.23 per cent to Rs 19.63 billion during the quarter, compared to Rs 21.16 billion in the corresponding period of 2023.
PacificLight Power has secured approval from Singapore’s Energy Market Authority (EMA) to construct a 600 MW hydrogen-ready combined-cycle gas turbine (CCGT) facility on Jurong Island. Operations are slated to begin in January 2029. This facility will be Singapore’s largest single H-class CCGT and will feature a large-scale battery energy storage system (BESS). The greenfield site…
The United Kingdom Government has awarded contracts for 8.4 GW of new offshore wind capacity under its seventh Contracts for Difference allocation round. The round is expected to attract £3.4 billion in private investment and support up to 7,000 jobs across the country. Allocation Round 7 (AR7) is expected to deliver enough electricity to power…
A regional assembly in Japan has opened discussions on a partial restart of the Kashiwazaki-Kariwa Nuclear Power Plant, which has been offline since the 2011 Fukushima disaster. Tokyo Electric Power Co. (TEPCO), which operates both sites, is seeking approval to bring Unit 6 back online to support Japan’s energy security strategy. The plant sits about…
The West Bengal government has allocated Rs 5,345.16 crore to the Power Department in its 2026-27 budget, outlining a series of thermal power, renewable energy and transmission infrastructure projects to meet rising electricity demand. The budget also earmarks Rs 305.87 crore for Non-Conventional and Renewable Energy Sources and Rs 100 crore for rooftop solar installations….
Indraprastha Gas Limited (IGL) has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to establish a solar power project in Rajasthan. The agreement was signed on September 1, 2025. Under the terms of the joint venture, IGL will hold a 74 percent equity stake, while RVUNL will hold 26…
Reliance Industries Limited will acquire a 100% equity stake in Lakadia B Power Transmission from REC Power Development and Consultancy Limited (RECPDCL) for Rs 80 million. The acquisition aims to develop an interstate transmission system (ISTS) to evacuate up to 3.5 GW of renewable energy from Lakadia, Gujarat. The transmission system will be designed to…