(ET) ReNew Power, a leading green energy company, is set to invest Rs 22,000 crore in establishing India’s largest renewable energy complex in Andhra Pradesh, marking its return to the state after five years. ReNew will set up a 1,800 megawatt solar energy plant and another 1,000 MW wind facility along with a battery energy storage system (BESS) of 2 gigawatt hour (GWh) in two phases at Anantapur in Andhra Pradesh, sources with direct knowledge of the matter said. The company will also set up a 100-kilometre extra-high voltage (EVH) line for transmission of the clean power. Groundbreaking for the…
Author: Aruna Sharma
(BS) Adani Power has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation (UPPCL) for procurement of 1,500 MW from a new thermal power project of 2x800MW (1600 MW) installed capacity situated in the State of Uttar Pradesh for a period of 25 years. As part of the contract, the Company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2×800 MW (1500 MW net) Ultra-supercritical power plant to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state. This is further to the Uttar…
(TOI) Increased generation of solar electricity, seen as a cheaper alternative by consumers, has led to higher forced outages at thermal power plants, said director (operations) of state govt-owned Mahagenco Sanjay Marudkar. A major jump in solar power during the daytime is taking a toll on the wear and tear of thermal plants’ boilers. He said as much as 6,000 MW solar power is pumped into the grid in the day time, forcing Mahagenco to balance the grid by reducing generation from thermal power plants. Such reductions and fluctuations leave stress on the boilers of the power plants. This results…
(BS) The tourism, hospitality and aviation industries will work together to face the challenges following the Pahalgam attack and the consequent military situation, said Puneet Chhatwal, MD and CEO of Indian Hotels Company Limited, on Sunday. Chhatwal, whose company operates the Taj Hotels brand, was speaking to reporters on the sidelines of the convocation function at the Indian Institute of Management (IIM), Nagpur. When asked about how the hospitality industry plans to tackle the challenges after the Pahalgam terror attack and the resulting military confict between India and Pakistan, Chhatwal said it is the role of management to navigate through…
(HT) The market regulator is keeping a close watch on the options market and may tighten rules for retail investors further, if required, as their participation remains high despite last year’s curbs. Alongside, the Securities and Exchange Board of India (Sebi) may drop a February proposal to monitor position limits for index options through the day, besides increasing position limits significantly in potential relief for high-frequency traders (HFTs), two people aware of the matter said. The regulator may also look to modify the market-wide position limit (MWPL) across exchanges and link it to delivery volumes of stocks to prevent manipulation…
(NDTV) Delhi airport on Monday said operations are currently smooth but some flight schedules and security checkpoint processing time might be affected. Around 100 flights to and from Delhi Airport were canceled on Sunday. Security measures were enhanced and at least 32 airports in northern and western parts of the country were temporarily shut in view of the conflict between India and Pakistan. On Saturday, India and Pakistan reached an understanding to stop all firings and military actions on land, air and sea with immediate effect. In a post on X on Monday, DIAL said the airport operations are currently smooth.…
(Mint) Lieutenant General Rajeev Ghai, Director General Military Operations (DGMO, said on Sunday that a DGMO-level talk with Pakistan will be held around 12 noon on Monday. This will be the second time that DGMOs of the two countries will be discussing the ingoing India-Pakistan tension and “combat situation”. Earlier on Saturday (May 10), Foreign Secretary Vikram Misri confirmed that Pakistan’s DGMO contacted his Indian counterpart. The two sides had then agreed to halt all military actions, on land, at sea, and in the air, effective from 5 pm on May 10. Misri had also noted that instructions have been issued to…
(BS) State-owned oil marketing companies are expected to register a healthy first quarter (Q1 2025-26) amid weak crude oil prices and improvement in refining margins, analysts say. Earnings in the period will also get a boost from lower LPG under recoveries due to an increase of Rs 50 per cylinder in domestic LPG prices by the government. “Q1FY26 earnings will likely benefit from lower LPG under-recoveries due to a Rs 50 per cylinder domestic LPG price hike recently. The decline in propane prices as winter demand wanes provides an additional upside,” said Motilal Oswal, adding that Russian crude proportion for…
(BS) Reliance Power on Monday said its arm Reliance NU Energies has secured 350 MW solar project with a 175 MW/700 MWh of battery energy storage system (BESS) from SJVN Ltd. The BESS, integrated with the solar project, will provide a backup power supply of 175 MWh for four hours. The winning tariff was set at Rs 3.33/kWh, fixed for 25 years, positioning the project among the most competitively priced offerings in India’s energy transition landscape, a company statement said. Reliance Power Ltd (Reliance Power) subsidiary Reliance NU Energies Private Ltd (Reliance NU Energies), wins the largest allocation in SJVN’s…
(Amar Ujala) आज होने वाले बुद्ध पूर्णिमा स्नान पर्व के लिए पुलिस ने यातायात रूट डायवर्जन प्लान लागू कर दिया है। एसपी यातायात जितेंद्र मेहरा ने बताया कि प्लान जारी करते हुए सभी अधिकारी-कर्मचारियों को यातायात व्यवस्था दुरुस्त रखने के निर्देश दिए गए हैं। मेला के नोडल अधिकारी एसपी सिटी पंकज गैरोला ने बताया कि सेामवार की रात 12 बजे से शहर में भारी वाहनों का प्रवेश प्रतिबंधित कर दिया गया है। ललतारो पुल से शिवमूर्ति तक सभी प्रकार के विक्रम, ऑटो रिक्शा, टैक्सी का आवागमन प्रतिबंधित रहेंगे। ये रहेगी यातायात की व्यवस्था – बुद्ध पूर्णिमा स्नान पर्व पर यातायात…