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.Â
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.
Schneider Electric has partnered with South Bihar Power Distribution Company Limited (SBPDCL) to upgrade Bihar’s power distribution network, improving reliability and efficiency. As part of the project, Schneider Electric has set up a Command and Control Center and a Disaster Recovery Center, enabling real-time grid monitoring and better decision-making. The deployment also includes 305 Ring…
ACME Solar Holdings Limited (ASHL), through its wholly owned subsidiary ACME Sun Power Private Limited, has commissioned an additional 33.331 MW / 120.384 MWh capacity under its Battery Energy Storage System (BESS) project located at Badi Sid in Bap tehsil across the Phalodi and Jodhpur districts of Rajasthan. The commercial operation date (COD) for the…
India’s first green ammonia auction under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme concluded with ACME Cleantech Solutions securing the winning bid. The company will supply 75,000 metric tonnes of green ammonia annually to Paradeep Phosphates Limited in Odisha at Rs 55.75 per kg for ten years. The auction was conducted by the…
GE Vernova Inc., through its joint venture KAPES, has been selected by Korea Electric Power Corporation (KEPCO) to provide an advanced high-voltage direct current (HVDC) system for South Korea’s largest power grid infrastructure initiative. KAPES will deliver a HVDC system using Line Commutated Converter (LCC) technology for the 500 kV Donghaean #2 to Dong-Seoul HVDC…
India’s renewable energy sector is grappling with execution challenges despite issuing a record 73 GW of utility-scale renewable energy tenders in 2024. According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics, weak demand for tenders, project cancellations, and delays in power sale agreements (PSAs) could…
ACME Solar Holdings Limited has secured long-term project funding of Rs 3,404.57 crore from Power Finance Corporation Limited (PFC) for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project being developed through ACME Urja One Private Limited (Phase-III). PFC is the sole financier for the project, with the debt carrying a repayment tenor of…