Tata Power has reported a 38 per cent rise in consolidated net profit at Rs 599.2 crore for the third quarter ended December 31.
Category: Power & New and Renewable Energy
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New record low solar tariff of Rs 3.30/kWh logged at Rewa Solar Park auction
In the recently concluded 750 MW Rewa Solar Park auction in Madhya Pradesh, bids reached a new record low of Rs 3.30 (~$0.494)/kWh (levelised tariff over 25 years) over a rupee lower than the previous low tariff of Rs 4.34 (~$0.065)/kWh, which was recorded in the state of Rajasthan in January 2016. The winning bid for first year tariff hit a new low at Rs 2.97 (~$0.0444)/kWh and will escalate by Rs 0.05 (~$0.0007) over 15 years, bringing the levelised tariff to Rs 3.30 (~$0.494)/kWh over 25 year
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ABB India Ltd posts 54percent order growth in 2016
ABB India has posted its biggest growth in orders in recent years. The investments in power transmission based on cutting edge technology, renewables, increased spend in infrastructure & transportation provided ABB India ample opportunities.
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NTPC takes over 2,320 MW power capacity in Rajasthan
NTPC will take over Chhabra thermal power plant (1,000 MW) and Rajya Vidyut Utpadan Nigam (1,320 MW) in Rajasthan from Rajasthan Rajya Vidyut Utpadan Nigam (RVUN) and Rajasthan Urja Vikas Nigam (RUVNL) respectively.
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Tata Power Renewable Energy commissions projects in TN and AP
Tata Power Renewable Energy Ltd has announced commissioning of a 36 MW wind power plant at Nimbagallu in Andhra Pradesh and a 49 MW solar plant at Kayathar, Tamil Nadu.
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Siemens receives Rs.366 cr ONGC order
Siemens Ltd has announced that it has received an order worth approximately Rs 366 crore from Oil and Natural Gas Corporation Limited (ONGC). The order includes supply of material for overhauling of 18 power turbines through zero-hour overhaul and time-continued overhaul.
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ReNew Power plans to raise $450 mn
ReNew Power Ventures has launched a sale of bonds to overseas investors to raise $450 million.
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Tata Power´s non-fossil operating capacity climbs to 3,060 MW
Tata Power, India´s largest integrated power company, has announced that the company´s total generation from non-fossil operating capacity stands at 3,060 MW, making it the largest renewable energy company in India.
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Kudankulam Power Plant Unit 2 generates 870 MW
Unit 2 of the Kudankulam Nuclear Power Plant reached a new power generation high on January 13. The unit began to generate 870 MW of its full capacity of 1,000 MW. Unit 2, which was to be commissioned in 2008, attained criticality in July 2016 and has been generating power since.
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BHEL bags Rs.1,360-cr order for 6,000 MW power project
BHEL, in association with ABB, has bagged a project worth Rs 1,360 crore from Power Grid Corp.
BHEL´s scope of work is valued at Rs 1,360 crore for setting up an 800 kV, 6,000 MW HVDC link between Western Region Grid (Raigarh, Chhattisgarh) and Southern Region Grid (Pugalur, Tamil Nadu).