One of the global leaders in the digital transformation of energy management and automation, Schneider Electric on Thursday kicked-off its Innovation Summit World Tour 2020, a major virtual event series from October 8 to November 26.

Union Minister of State (Independent Charge), Ministry of Power & New and Renewable Energy has said that with India witnessing the most rapid renewable energy capacity addition globally, the country will remain the fastest-growing market for such investments.

The electricity market at the country’s first and largest energy exchanged, Indian Energy Exchange (IEX), traded a volume of 5675 million units (MU) in September, witnessing a significant 45 per cent YoY increase.

The Department of Public Enterprises (DPE) has finalised ambitious targets for REC Ltd in the ongoing financial year. The revenue target for FY2021 has been set at Rs 350 billion, up by 17.5 per cent from the previous fiscal’s achievement.

The Central Board of Direct Taxes (CBDT) has exempted power trading transactions through online exchanges like Power Exchange India Ltd (PXIL) from the newly imposed section 194 (O), tax deducted at source (TDS) on e-commerce transactions, and section 206C (1H), tax collected at source (TCS) on sale of goods on e-commerce platforms, of the Income Tax Act, 1961.

Global provider of consulting and technical services for wind, solar and hybrid energy storage projects, ArcVera Renewables has announced its entry into India’s fast-growing renewables market.

Hitachi ABB Power Grids India, which is listed on the Indian stock exchanges as ABB Power Products and Systems India Ltd, along with consortium partner Bharat Heavy Electricals Ltd (BHEL), has successfully energised the first stage of the 6,000 megawatt (MW) +/-800 kilovolt (kV) ultra-high voltage direct current (UHVDC) transmission link connecting Raigarh in Central India to Pugalur in the southern state of Tamil Nadu.

The country’s leading engineering, procurement and construction (EPC) projects, manufacturing, defence and services conglomerate, Larsen & Toubro on Monday announced 100 per cent completion and readiness for commissioning of the 99-MW Singoli-Bhatwari Hydroelectric Power Plant.

Indian Railways has generated 979,557 man-days of work till September 18 under the Garib Kalyan Rozgar Abhiyaan in six States, viz. Bihar, Jharkhand, Madhya Pradesh, Odisha, Rajasthan and Uttar Pradesh.