Tata Power has partnered with Norway's Ocean Sun to introduce innovative membrane-based floating solar technology to India. A 300 kWp pilot project will be undertaken at Tata Power's Mulshi reservoir in Maharashtra to evaluate the technology's performance, reliability, and cost-effectiveness under Indian conditions. This collaboration aims to leverage India's significant floating solar potential and contribute to its renewable energy goals.
Korean auto major Hyundai plans to invest an additional Rs 4,000 crore in Maharashtra by 2030, aiming to nearly double capacity at its new Pune manufacturing plant to 320,000 units per annum in a phased manner, a top company executive said.
A senior Maharashtra State Electricity Distribution Company (MSEDCL) technician was apprehended by the Anti-Corruption Bureau (ACB) in Beed for allegedly accepting a Rs 13,000 bribe. The technician demanded money to replace a faulty electricity meter and restore power supply to a complainant's residence.
Rajasthan Governor Haribhau Bagde highlighted ethanol's potential to protect India from volatile petroleum markets and geopolitical risks, advocating for its widespread production and use. He, along with other officials, emphasised ethanol's role in strengthening the rural economy, ensuring timely cane payments, and combating carbon emissions, while also discussing its historical context and current government support.
India's fresh investment plans in Q1FY27 surged 71 per cent to 14.77 trillion, primarily driven by four large nuclear power projects worth 6.5 trillion, according to investment monitoring firm Projects Today. Excluding these nuclear projects, fresh investment plans actually declined 4.27 per cent quarter-on-quarter.
Despite aggressive expansion, India's solar power sector faces significant hurdles from rising regional disparities in installed capacity and a looming manufacturing glut due to overcapacity in domestic solar equipment production, potentially leading to consolidation and pricing pressures.
Solar energy will generate 75000 MW
The Enforcement Directorate (ED) has attached assets worth over 581 crore belonging to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL), companies of Reliance Group Chairman Anil Ambani, as part of an ongoing investigation.
The government has asked the officials concerned to take all necessary steps to ensure normal supply of electricity in the state.
If the government wishes that protests like the one that took place at Jantar Mantar during the last few weeks should not recur, it must refocus its energies on jobs, not just the examination system, points out A K Bhattacharya.
Adani Power on Thursday posted a 12 per cent decline in consolidated net profit to Rs 2,906 crore in the September quarter, driven by a rise in expenses. It had clocked a net profit of Rs 3,297.52 crore in the July-September period of the preceding 2024-25 financial year, the Adani Group entity said in an exchange filing.
The Maharashtra government has invoked the MESMA barring employees of state-run electricity companies from joining the protest.
Thousands of contractual employees of the three state-run power utility companies in Maharashtra have threatened to launch an indefinite strike from Tuesday night over demands including wage hike.
West Bengal BJP president Samik Bhattacharya has expressed the state government's desire for the Tata Group to return to Singur, viewing it as an economic necessity and a signal that West Bengal is open for business. The move aims to reverse the negative perception created when the Nano project was forced out of the state.
'...because that protects their aviation industry.' 'The Boeing 787 is one of the most widely-flown wide-body aircraft in the world, and Airbus is running neck-and-neck with Boeing.' 'Airbus is not going to let an opportunity like this pass.' 'If a software problem with the 787 is confirmed, they will use it to increase their own orders.'
The "load shedding", which entails compulsory power cuts in select areas, will be carried out both in urban and rural areas, the Maharashtra State Electricity Distribution Company said in a statement.
If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.
A Delhi court has ordered the framing of charges against Sukesh Chandrashekar and 20 others under MCOCA and other offences related to extortion and organised crime.
The Enforcement Directorate (ED) has attached fresh assets worth over 581 crore belonging to Reliance Group companies, RHFL and RCFL, as part of its ongoing money laundering investigation.
Maharashtra deputy Chief Minister Devendra Fadnavis, who also holds the energy portfolio, held a meeting with trade union representatives and later said the government had no intention to privatise state-run power utilities.
The case pertains to a bank guarantee of Rs 68.2 crore submitted to the Solar Energy Corporation of India Limited (SECI) on behalf of Reliance NU BESS Limited, a subsidiary of Reliance Power, a listed company, which was found to be "fake".
Police in Nagpur have arrested nine directors of SBL Energy Limited following a deadly explosion at their explosives manufacturing facility that killed 18 workers. A case has been registered against 21 directors and shareholders, and an investigation is underway to determine the cause of the blast and identify safety violations.
'I cannot imagine that any NSA before Ajit Doval would have given us this kind of time and this kind of engagement. They would have offered slogans, or nothing at all. That, too, tells you something.'
Brookfield Asset Management will invest $1 billion to develop Asia's largest global capability centre (GCC) in Mumbai's Powai, the New York-based global alternative asset manager said in a statement on Friday. The infrastructure arm of Canada's investment firm will develop the campus across 6 acres with 2 million square feet that can be let out.
However, the crisis may be on the ebb as units generating nearly 3,000 mw, under overhaul now, may soon resume generation.
The current power crisis is mainly on account of sharp decline in electricity generation from different fuel sources and not due to non-availability of domestic coal, a top official said on Sunday. The above statement assumes significance in the wake of reports of many states, including Maharashtra, facing power outages due to shortage of coal. In an interview to PTI, Coal Secretary A K Jain attributed the low coal stocks at power plants to several factors such as heightened power demand due to the boom in the economy post COVID-19, early arrival of summer, rise in the price of gas and imported coal and sharp fall in electricity generation by coastal thermal power plants.
China on Tuesday announced a major policy change for its crisis-ridden power sector by allowing coal-fired power plants to charge their industrial and commercial customers market-driven prices. The National Development and Reform Commission (NDRC) of China said the electricity generated by coal-fired plants would discover price in market trading "in an orderly manner" from October 15. This is being done to pass on the high costs of coal and is being held up as the boldest reform in the Chinese power sector.
The Coal Ministry on Monday received a total 69 applications from various PSUs
The government's move is crucial as the state distribution utility MahaVitaran was purchasing about 95 per cent of power since the Dabhol project began generation in April 2006
'Our problem is not a budget deficit but a trust deficit. We need to trust our institutions and industries to innovate and lead. That is the way forward for India.'
Amid opposition call for his resignation over the Beed sarpanch murder case, Maharashtra minister Dhananjay Munde on Wednesday said he is ready to quit if asked by Chief Minister Devendra Fadnavis or deputy CM Ajit Pawar.
Power generating companies (gencos) that use imported coal to produce electricity, may find it difficult to switch on their idle units immediately in the wake of high fuel costs, several players have told Business Standard. Recently, the Union power ministry had invoked Section 11 of the Electricity Act mandating all imported coal-based plants to generate power at full capacity. However, some generating companies that use imported coal, argue that it is simply unviable for them to produce power when the price of coal in the international market is high, while the per-unit price of power has been capped at Rs 12 per unit on the domestic power exchange.
Goa, Uttarakhand and Meghalaya will initiate schemes to enable 24x7 power to consumers.
'There'll be extended periods where things aren't working in your favour. But if you believe in the cause profoundly, then you simply persevere.'
The Competition Commission of India has slapped Coal India Ltd with a penalty of Rs 1,773 crore (Rs 17.73 billion) -- the biggest by the watchdog on a company -- over alleged abuse of its monopolistic position.
Mahatransco (Maharashtra State Electricity Transmission Company Limited - MSETCL) Chairman and Managing Director Dinesh Waghmare said Tata Power's plants took time to start generating electricity following the grid collapse on Monday morning, resulting in the specially created 'islanding' system not working.
The statement comes in the wake of reports that warned of power crisis looming large due to the coal shortage in the country.
Ratnagiri Gas will be an equal JV between NTPC and GAIL if MSEB which has been offered a small stake does not pick up equity
Walmik Karad, a close aide of Maharashtra minister Dhananjay Munde, has been charged with ordering the murder of sarpanch Santosh Deshmukh, who allegedly opposed Karad's extortion bid targeting a wind energy company. According to a chargesheet filed by the state Crime Investigation Department (CID), Karad allegedly asked his associates to "eliminate" anyone who interfered with their extortion attempt. Deshmukh was abducted, tortured, and murdered in December 2024 after he attempted to stop the extortion bid. Karad and several others have been charged with murder, extortion, and organized crime.
