Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year.
The company’s total income grew by approximately 1.13 per cent to Rs 162.11 billion in Q2 FY2024, up from Rs 160.3 billion in the corresponding quarter of the previous year.
Nesma Infrastructure and Technology has secured a SAR915 million contract with the Saudi Electricity Company (SEC) for constructing two 380 kV substations in Riyadh, named Rumah BSP-9077 A and B. The project includes installing line reactors at the Airport North BSP-9089 and PS3 BSP substations to strengthen Riyadh’s high-voltage transmission infrastructure. Scheduled for completion within 21 months, the initiative supports the city’s rapid urban and industrial growth. Saudi Arabia is also advancing renewable energy under…
Vena Energy and LINE Yahoo Corporation (LYC) have signed a virtual power purchase agreement (VPPA) for the 72 MW Maniwa Solar Project, which will be built on a repurposed golf course in Maniwa City, Okayama Prefecture. The project is expected to be operational by 2026. The clean energy generated will be traded on the Japan Electric Power Exchange (JEPX) via Digital Grid Corporation, enabling LYC to power part of its operations with clean energy. The…
Westinghouse Electric has signed a memorandum of understanding (MoU) with Seaspan to produce essential components for its AP1000 and AP300 small modular reactors (SMRs). This partnership will support nuclear new-build projects in Canada and globally, including the manufacturing of components like pipe spools and steel structures. Seaspan’s expertise in large-scale custom fabrication positions the company to enter the nuclear sector. For each AP1000 unit built outside Canada, Westinghouse estimates a contribution of nearly C$1 billion…
Canadian Solar subsidiary Recurrent Energy has signed a ten-year power purchase agreement (PPA) with a US-based technology company for renewable energy from its Tordesillas solar photovoltaic (PV) project in Valladolid, Castilla y León, Spain. The 300MW project, expected to be operational by 2026, will generate 620 gigawatt hours (GWh) annually, powering 188,000 households and reducing CO₂ emissions by 161,000 tonnes annually. Recurrent Energy plans to retain ownership and operation of the solar facility upon energization….
Eskom has reconnected Unit 2 of the Koeberg nuclear power station to South Africa’s national grid, adding 930MW to the country’s power supply. This move supports Eskom’s Generation Operational Recovery Plan to increase capacity by 2.5GW by March 2025. Unit 2 underwent an extensive long-term operation (LTO) programme, extending its operational life by 20 years. The maintenance included replacing steam generators, conducting inspections, and refuelling. This follows the successful LTO of Unit 1 in 2023,…
Six companies have won bids to set up a total of 816 MW capacity under the 1,200 MW ISTS-Connected Solar Power Project (NTPC-02) anywhere in India, as announced on December 23, 2024. Bharat Petroleum Corporation Limited (BPCL) won 150 MW with a tariff of Rs 2.55 per kWh. Onward Solar Power Private Limited secured 50 MW with a tariff of Rs 2.59 per kWh. ReNew Solar Power Private Limited (ReNew Power Ventures Private Limited) was…