Himachal Pradesh invites bids for 27 hydro projects

Closure of Adani cement plants; deadlock continues

A fortnight after the Adani Group suspended its operations in two cement plants, Ambuja Darlaghat in Solan and ACC Barmana in Bilaspur districts, for an indefinite period blaming high freight rate, crucial talks between government sub-committee, truckers and company officials remained inconclusive.

A week after the shutdown, the Himachal Pradesh government constituted a sub-committee of officers comprising the director of industries, director of transport and director of food and civil supplies to end the impasse.

Rakesh Kumar Prajapati, Director, Industries said that d..

NHPC, HP government ink pact for Dugar hydro project

NHPC has inked a pact with the Himachal Pradesh government for the implementation of 500 MW Dugar Hydroelectric Project in Chamba district. Implementation agreement for 500 MW Dugar Hydro Electric Project located in Chamba district, Himachal Pradesh, was signed between NHPC and government of Himachal Pradesh on August 26, 2022 at Shimla.

The agreement was signed in the presence of Jai Ram Thakur, Chief Minister, Himachal Pradesh, and AK Singh, Chairman and Managing Director, NHPC. The document was signed by Suresh Kumar, General Manager (E), NHPC, and Harikesh Meena, Director (Ene..

Himachal Pradesh invites bids for 27 hydro projects

Himachal Pradesh government has planned to allot 27 hydropower projects having a combined tentative generation capacity of 722.4 MW for which proposals from ‘eligible bidders’ have been invited for the implementation of these projects. These are located in Chamba, Kangra, Lahaul-Spiti, Kullu, Shimla and Kinnaur districts and will be executed in the private sector on Build, Own, Operate and Transfer (BOOT) basis. 

The project developers have reportedly been required to provide free power from the project as royalty to the government in lieu of surrendering the potential site a..

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..