Power sector needs Rs.9.4 tn investment to curb emission

Karnataka, Gujarat Lead Clean Energy Push, Others Lag: Report

..

REC, CVPPL sign agreement for term loan for Kiru hydro project

REC, a Maharatna CPSE under Ministry of Power and a leading NBFC, has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL) for financial assistance of Rs 1,869.265 crore as term loan.

The loan will be utilised for Development, Construction and Operation of Greenfield Kiru Hydro Electric Project (4 x156 MW) on River Chenab located in Kishtwar District of Jammu & Kashmir.

The Agreement was signed in the presence of Ramesh Mukhiya, Managing Director; Vasant Hurmade, General Manager (C&P); Sanjay Kumar Gupta, General Manager (Finance) from CVPPPL and Pramod..

REC, Rajasthan govt tie-up; finance infra projects

REC, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) on March 10, 2024 in Jaipur with the Government of Rajasthan, to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030.

The MoU was signed in the presence of several dignitaries including Bhajan Lal Sharma, Chief Minister of Rajasthan; Diya Kumari, Deputy Chief Minister, Government of Rajasthan; Heera Lal Naagar, Minister of State for Energy, Government of R..

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..

Radiance Secures $150 Million Investment

Radiance Renewables is set to enhance its renewable energy portfolio significantly. The company has secured $150 million in funding to support a 2GW expansion of its solar power capacity. This ambitious project aims to bolster Radiance's position in the renewable energy sector and contribute to India's growing demand for sustainable energy solutions.

In addition to the expansion, Radiance is introducing cutting-edge robotic solar cleaning technology. This innovation aims to optimise the efficiency and maintenance of solar panels. Robotic cleaning systems offer a significant advantage ..