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Power Grid declared successful bidder for Krishnagiri REZ Phase-I transmission project
Shares of Power Grid Corporation of India Ltd ended at ₹283.20, up by ₹2.05, or 0.73%, on the BSE.
Power companies may report strong Q1 earnings as electricity demand jumps
PL Capital expects power companies to post stronger June-quarter earnings as a heatwave and delayed monsoon lifted electricity demand, with NTPC, Power Grid and Adani Energy Solutions among the likely beneficiaries.
Power Grid wins transmission project under competitive bidding process
State-owned Power Grid Corporation has emerged as the successful bidder for an inter-state transmission project spanning Rajasthan and Uttar Pradesh. The project will be executed under the BOOT model.
Maruti Suzuki installs 1 MWh battery storage system at Kharkhoda facility
Maruti Suzuki commissioned a one MWh Battery Energy Storage System at its Kharkhoda facility. This system stores surplus solar power generated during low-demand periods. The new BESS will help stabilize the local electricity grid effectively. This initiative aligns with India's focus on building self-reliant energy ecosystems. The company remains committed to lowering emissions despite increasing production volumes.
Power transmission offers biggest long-term opportunity; textiles near bottom: Nepean Capital
Gautam Trivedi, Co-Founder of Nepean Capital discusses AI's impact on IT, opportunities in data centres, why textile exporters may be nearing a bottom, and shares his views on stocks including TD Power Systems, Power Grid Corporation of India, KEC International, Hitachi Energy India, Transformers and Rectifiers (India), Yash Highvoltage and Varun Beverages.
El Nino Could Hit India's Energy System Hardest, CREA Report Warns
CREA warned heatwaves and weak monsoon could strain India's power grid during El Nino.
EL Nino to hit India's energy system harder than anywhere else in world: CREA report
India's energy system faces a significant El Nino impact, with reduced renewable power generation and increased demand for air conditioning. A CREA analysis predicts a potential 18 TWh generation gap, likely leading to a surge in coal-fired power and substantial CO2 emissions. The report stresses the urgency of accelerating solar and battery deployment to bolster grid resilience against extreme weather.
El Nino threatens to fuel coal power surge in India, study says
A potential super El Niño could put more pressure on India's power grid than any other country's and slow its transition away from coal, according to a new report by the Centre for Research on Energy and Clean Air (CREA).
India's power sector enters "value chain" reset led by transmission, storage and demand growth: Report
India's power sector is undergoing a overhaul, with transmission infrastructure and energy storage identified as key drivers for the next decade. Projections show installed capacity soaring to 900GW by FY32, supported by continued coal use and a surge in renewables. This expansion hinges on deploying increased energy storage to manage grid stability and meet rising demand from industries and new sectors.
MNRE opposes uniform DSM norms for renewable projects
The Ministry of New and Renewable Energy is pushing for a distinct deviation settlement mechanism for wind and solar projects, arguing they shouldn't face the same penalties as conventional power plants. Renewable energy's weather-dependent nature necessitates a tailored approach, the ministry stated, to avoid increasing financial risks and impacting project viability. They advocate for a graded system considering forecasting and grid readiness.
Bijay Kumar Mohanty assumes additional charge as CMD, IREDA
India's state owned Indian Renewable Energy Devlopment Agency (IREDA) on Wednesday, says its director of Finance, Bijay Kumar Mohanty who has assumed additional charge of Chairman and Managing Director on July 1. He's a fellow member at of the Institute of Cost Accountants of India and has 27 years of experience in the Indian power sector, where he worked with the Central Electricity Supply Company of Odisha Ltd (CESCO) and Grid Corporation of Odisha Ltd (GRIDCO).
Draft National Electricity Data Sharing Framework unveiled
The framework will apply to all electricity sector data created and maintained by power generating companies, transmission licensees, distribution licensees, load despatch centres, regulatory commissions, government agencies including Central Electricity Authority, Grid India and power exchanges, among others.