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IFC to invest $125 million in Hero Future Energies

International Finance Corp. (IFC), the private sector investment arm of the World Bank, said on Tuesday it will invest $125 million (Rs.840 crore) in Hero Future Energies Ltd, the renewable energy arm of the...

Amrapali faces rap for ‘inflated’ power tariff

The UP Electricity Regulatory Commission (UPERC) has instructed Pachimanchal Vidyut Vitaran Nigam Limited (PVVNL) to take stern action against realtor Amrapali, which residents have accused of issuing electricity bills at a higher rate than...

Tata Power 1Q profit plunges 76% as expenses mount

Tata Power, India’s largest private electricity producer, said its first-quarter net income plunged, weighed by several one-off costs incurred at its flagship plant and accounting losses stemming from currency fluctuations. The company, which has a generation capacity of 9,184 megawatts,...

India adds 3.6 GW to solar capacity

India’s total installed solar capacity has grown by over 80% in the last 12 months to reach 8.1 GW. Out of the 3.6 GW capacity added in this period, 2.7 GW has come from...

Re-envisaging renewable energy potential in NE

India is battling with a two-pronged problem of environment as well as energy crisis.Together with its prolonged struggle to remove the evils of inequality, poverty and improvement of the human development indicators, a constant...

Are discoms ready to face competition?

Notwithstanding their stellar performance, the Eastern and Southern Power Distribution Companies (discoms) of Andhra Pradesh may have to prepare to face the vagaries of the market in the near future with little government support....

Odisha to do away with 34 electricity police stations

Odisha government has decided to abolish 34 electricity police stations, which were set up to curb power theft in the State, following refusal of the OdishaElectricity Regulatory Commission (OERC) to grant permission for them....

60% MahaGenCo power units shut down

60% of the thermal power generation units in Maharashtra have been shut down by the government due to “lack of demand,” spelling bad days ahead for the state-owned power generation company – MahaGenCo. Currently,...

MERC to decide NMC’s solid waste power rate

State discom MSEDCL has asked Nagpur Municipal Corporation (NMC) to approach the Maharashtra Electricity Regulatory Commission (MERC) for finalizing the rate of its power generated from solid waste. NMC had proposed a rate of...

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