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Kenya among world's largest generators of geothermal energy
March 2017
Growing energy demand, abundance of renewable energy resources, competitive costs and strong political commitment to the sector both locally and internationally, make East Africa a promising region for the development of renewable energy projects.
Tata Power’s Generation Capacity up by 8 per cent
March 2017
Tata Power, announced that the company’s generation capacity increased by more than 8 per cent in Q3 FY17 as compared to Q3 FY16. The company, together with all its subsidiaries and jointly controlled entities, has a gross generation capacity of 10,496 MW and a presence in all the segments of the power sector viz.
India's first wind power auction to upend traditional business model | BTI
March 2017
India’s first ever wind power auction has resulted in a record low wind power tariff of Rs 3.46 (US¢ 5.2)/kWh, just marginally higher than the record low levelised tariff of Rs 3.29 (US¢ 4.9)/kWh in the recent Rewa solar auction. Mytrah, Sembcorp, Inox and Ostro are the winning bidders and will be awarded 250 MW each. Successful bidders will sign 25-year PPAs with PTC India, which will sign back-to-back PPAs with discoms.
Sterlite Power to supply over 1,200 MW to Ranchi and Purulia
March 2017
Sterlite Power, has set another benchmark by commissioning the Purulia-Kharagpur Transmission Project. The project consists of two 400 kV Double Circuit lines with a total length of 273 km including the 112-km long Purulia-Ranchi and 161 km long Kharagpur-Chaibasa lines.
Hartek Group bags PSPCL smart grid order for three Smart Cities
March 2017
The Chandigarh-based Hartek Group, has bagged a prestigious smart grid order from the Punjab State Power Corporation Ltd (PSPCL) for the supply, installation and commissioning of Supervisory Control and Data Acquisition (SCADA) relays at 55 sub-stations in the upcoming Smart Cities of Ludhiana, Amritsar and Jalandhar.
GSPC looks at financial restructuring post $1.2 billion ONGC deal
March 2017
After selling its stake in KG gas block to ONGC for $1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director JN Singh said.
PowerGrid Q3 Net Profit rises 20 Percent
March 2017
Power Grid Corporation of India Limited (POWERGRID), has posted a net profit of ? 1,930 crore for the third quarter of FY 2016-17 (Oct-Dec, 2016), an increase of 20% against Rs 1,606 crore reported during the corresponding quarter ended December 31, 2015.
Untapped Potential
March 2017
Capacity addition in Renewable Energy (RE) has shown a steady progress in the past decade. Though wind energy is leading the RE basket, solar, biomass and small hydro have made significant progress in the last few years.
Grid integration impeding solar power segment
March 2017
Solar power producers in Telangana have urged the government to resolve grid integration and inter-state transmission system, to help enable the state to achieve solar PV capacity of 5 GW by 2018-19.
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