NHPC, BSHPC enter pact for 130.1 MW Dagmara HE project

NHPC Secures ?20 Billion Loan

NHPC, India's leading hydropower company, has signed a pact with Japan Bank for International Cooperation (JBIC) for a ?20 billion loan. This agreement aims to bolster NHPC's renewable energy projects, promoting sustainable development in India.

The loan agreement was formalised in the presence of top officials from both organisations. NHPC?s Chairman and Managing Director, Mr. Abhay Kumar Singh, expressed optimism about the partnership, highlighting its potential to accelerate the company's renewable energy initiatives. The loan will be utilised for various green projects, including h..

NHPC inks JV deal, sells stake in NHPTL to Power Grid Corp

NHPC announced that it would be divesting its stake in National High Power Test Laboratory (NHPTL) through the signing of a supplementary joint venture agreement (SJVA) with its JV partners. The partners include NTPC, PowerGrid, Damodar Valley Corporation, Central Power Research Institute, and NHPTL itself.

According to a stock exchange filing, NHPC informed that it had signed a Supplementary JV Agreement with JV Partners of National High Power Test Laboratory (NHPTL), namely NTPC, POWERGRID, DVC, CPRI, and NHPTL, for the sale of a partial stake in NHPTL (an unlisted company) on 23.04...

Power Grid to invest in national high power testing lab

The State-owned Power Grid Corporation announced that it had signed an agreement to inject funds and acquire a 50 percent stake in the troubled National High Power Test Laboratory (NHPTL). It was disclosed in a regulatory filing that a supplementary joint venture agreement regarding this matter had been signed on April 23, 2024, by NHPTL's shareholders.

NHPTL, collaboration among NTPC, NHPC, POWERGRID, DVC (Damodar Valley Corporation), and CPRI (Central Power Research Institute), has been grappling with financial difficulties.

The injection of funds is contingent upon the appro..

Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn

Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for the fourth quarter, with its profit after tax (PAT) doubling to Rs 9.33 billion. This significant growth underscores the company's robust operational performance and strategic initiatives, reflecting its resilience and adaptability in the competitive steel and power sectors.

The doubled PAT for the fourth quarter is a testament to JSPL's effective management strategies and operational efficiency. It signifies the successful execution of the company's growth plans and its ability to..

India's Peak Power Demand to Surge

India is bracing for a substantial increase in peak power demand this May, with the Power Ministry forecasting a daytime peak of 235 GW and an evening peak of 225 GW. This surge underscores the country's escalating energy needs amid rising temperatures and economic activities.

The anticipated peak demand is significantly higher than previous records, reflecting the growing consumption patterns driven by urbanisation, industrial activities, and increased usage of air conditioning. The Ministry's projections are based on data from the Central Electricity Authority (CEA), which monitors a..