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ABRAM
- Sep 17, 2020
- 1 min
No plan to allow pvt sector in nuclear power, govt tells LS
The Centre also said that it had given administrative approval and financial sanction for building 12 nuclear power reactors in the country with an aggregate generation capacity of 9,000 MW Chennai: The central government on Wednesday told the Lok Sabha that it has no plan to allow non-governmental/private sector into nuclear power generation. The Centre also said that it had given administrative approval and financial sanction for building 12 nuclear power reactors in the co
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ABRAM
- Sep 17, 2020
- 1 min
JV firm to support discoms for smart meters
The joint venture will see the participation of four public sector undertakings -- NTPC Limited, Power Grid Corporation, REC Limited, and Power Finance Corporation (PFC) New Delhi: The Union government has initiated the process to set up a new joint venture company with a capital outlay of Rs 2,000 crore to provide the necessary infrastructural facilities to power distribution companies for speedy installation of smart meters in the country. The joint venture will see the par
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ABRAM
- Sep 17, 2020
- 2 min
India Power Corporation Ltd plans to expand operations
The company's focus on customer-centricity, especially during the pandemic, has paid rich dividends to its customers through a steady and stable power supply. India Power Corporation Ltd is planning to expand its power distribution operations to new locations, subject to necessary clearances and approvals. The company currently holds a distribution license for supplying power over 618 square kilometers in West Bengal's Asansol-Ranigunj region. It is one of the few Indian util
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ABRAM
- Sep 17, 2020
- 2 min
EV components maker Entuple e-mobility to raise $3.5 million of equity capital
Explaining the rationale behind starting a company to supply components to a nascent and low-volume industry like electric vehicles, Mishra said that volumes will only take off when the cost of production for EVs goes down with higher localization. MUMBAI: Bangalore-based electric vehicle (EV) components maker Entuple E-mobility is in talks with several investors to raise $3-3.5 million (Rs 22-25 crore) of equity capital to fund further growth. The capital will be used to set
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ABRAM
- Sep 17, 2020
- 2 min
LG Chem plans to separate battery business as electric cars take off
The move came after LG Chem swung to a profit in its car battery business in the latest quarter. It expects further profitability thanks to growing demand from European car makers and more sales of cylindrical batteries used in Tesla cars SEOUL: South Korea's LG Chem, an electric carbattery supplier for Tesla Inc and GM said on Thursday it plans to separate its battery business into a new company as the electric vehicle market takes off. The move came after LG Chem swung to a
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ABRAM
- Sep 17, 2020
- 3 min
Rajasthan can lead in clean energy transition: IEEFA
"Rajasthan has a bright future as a renewable energy leader in India," report's author Kashish Shah, Research Analyst at the Institute for Energy Economics and Financial Analysis (IEEFA), told IANS New Delhi: As India looks to expand its renewable energy capacity, a new report from IEEFA on Thursday found that Rajasthan can play a key leadership role in the country's transition to a low-cost, low-emission, profitable electricity system. Rajasthan's installed renewable energy
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ABRAM
- Sep 17, 2020
- 1 min
Coal India arm CCL plans to install 80 MWp ground-mounted solar power plant in FY21
"Apart from rooftop solar projects, CCL is in process of awarding work for 20 MWp solar power plant at Piparwar, which is expected to be installed in the current FY 2020-21," the company said in its recent report New Delhi: State-owned Coal India Ltd's arm Central Coalfields is planning to install 80 Megawatt peak (MWp) ground-mounted solar power plant in the ongoing fiscal year. Central Coalfields Ltd (CCL) said that action has also been taken for installation of solar plant
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ABRAM
- Sep 17, 2020
- 1 min
Gujarat: Kutch powers up for world’s largest RE park
The Gujarat government has recently begun the process of allotment of about 50,000 hectares of land to various power producing companies for developing a mix of wind and solar projects Ahmedabad: Billed as the world’s largest renewable power generation project at a single location, the proposed hybrid park in Kutch is ready to take off. The park, with a total proposed capacity of about 28,000MW, will house the 10,000MW project of Adani Green Energy Ltd (AGEL), among others. A
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