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NALCO shares in focus on JV with NLC India for 1,080 MW thermal plant in Odisha
National Aluminium Company and NLC India have signed an agreement for a joint venture. This new entity will establish a 1,080 MW captive thermal power plant in Odisha. The plant will supply electricity for NALCO's aluminium smelter expansion project. Partners will also explore renewable energy sourcing and long-term coal supply. Both government-owned companies will hold equal stakes in the proposed joint venture.
Data Centres, AI & EVs to drive peak power demand to 300 GW in '27: Electricity Minister
India's peak power demand is projected to reach 300 GW next year. This surge is driven by expanding data centers, artificial intelligence, and electric vehicles. Energy storage has become a national imperative due to rising demand and renewable energy additions. India targets around 160 GW of storage by 2035, with clear roadmaps. The country requires 888 GWh of energy storage system capacity by 2035-36.
JSW Energy adds 1,081 MW renewable capacity since April, total installed capacity at 14,535 MW
Shares of JSW Energy Ltd ended at ₹536.95, down by ₹6.85, or 1.26%, on the BSE.
Nalco, NLCIL sign JV pact to set up 1,080 MW captive power plant in Odisha
National Aluminium Company and NLC India have signed a joint venture agreement. They will jointly establish a 1,080 MW thermal captive power plant in Odisha. This new plant will supply essential power to Nalco's aluminium smelter expansion project. The collaboration also aims to explore renewable energy and secure coal supply. This strategic partnership will enhance Nalco's power generation capabilities.
Power transmission projects to face execution risks on land acquisition, regulatory approval challenges: Icra
Power transmission projects face significant execution risks and delays. Land acquisition and regulatory approvals hinder timely project completion. These delays impact renewable energy developers and their financial returns. The sector expects substantial capacity additions by 2032. However, execution challenges persist for future projects.
India's energy storage requirement set to jump from 1 GWh to 888 GWh by 2035-36: Report
India’s vision for 2035-36 includes a staggering demand of 888 GWh for energy storage, significantly up from today’s capacity. This development is critical not only for maintaining grid reliability but also for the seamless integration of renewable energies. In a mere six months, installed energy storage capabilities grew elevenfold, and the momentum continues with more tenders anticipated.
Weak monsoon dries up India's hydropower as dam output records sharpest fall in over two years
India's hydropower generation significantly dropped in June due to a delayed monsoon. Shrinking reservoir levels limited water availability for electricity production. Coal, nuclear, and renewable energy plants increased output to meet demand. Recent rains have improved monsoon progress, potentially reviving hydropower generation. Electricity demand has also softened after the summer heatwave subsided.
Maruti Suzuki commissions 1 MWh battery energy storage system at Kharkhoda plant
Maruti Suzuki commissioned a 1 MWh Battery Energy Storage System at its Kharkhoda plant. This system integrates into the plant's internal electricity distribution network as a pilot project. The battery storage will store excess solar power generated during low-demand periods. This initiative helps improve renewable energy utilization and reduce carbon emissions annually. The company remains committed to lowering emissions despite increasing production volumes.
Include infra loans in priority sector in absence of vibrant bond market: SBI economists
Economists propose reviewing priority sector lending guidelines for banks. They note banks struggle to meet targets without certificate purchases. Infrastructure loans should gain priority sector status for national development. Housing and education loan limits also need upward revision. Renewable energy project loan limits should be significantly increased.
Tata Power targets ₹1 lakh crore revenue and ₹10,000 crore profit by 2030
Chairman N. Chandrasekaran said Tata Power is accelerating investments across renewable energy and power infrastructure as it targets ₹10,000 crore in annual profit and ₹1 lakh crore in revenue by 2030.
Rashtriya Chemicals and Fertilizers shares jump as board approves ₹1,500 crore FPO
The government-owned fertiliser company plans to raise up to ₹1,500 crore by selling more shares to investors and wants to expand into businesses such as renewable energy, water treatment and agrochemicals.
Serentica Renewables inks pact with SECI to supply power from 600 MW FDRE project
Serentica Renewables proudly announces its new power purchase agreement with SECI, dedicated to a groundbreaking 600 MW Firm and Dispatchable Renewable Energy project. Notably, it achieved the largest allocation in the competitive SECI auction. This innovative project ensures electricity provision during non-solar hours, effectively addressing peak demand while significantly cutting down annual carbon emissions, contributing positively to the environment.