Tata Power’s profit after tax grew by 50% year on year to INR 2,156 crore ($276 million) for the fiscal year ending March 31, 2022.
A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) tracks key trends at major companies across India’s power sector value chain. It finds the nation is poised to lead the clean energy wave, with investors committing in response to the bold policies that are enabling the transition.
Abu Dhabi-based International Holding Company (IHC) has signed the agreement to invest US$ 500 million in Adani Green Energy Ltd, US$ 500 million in Adani Transmission Ltd, and US$ 1 billion in Adani Enterprises Ltd.
This project will play a pivotal role in strengthening the economy and empowering the local community in addition to supplying reliable green power to North India including Jammu and Kashmir.
Kalpataru Power Transmission Limited has landed the EPC job for a 700km long HVDC power transmission line in the international market. Larsen & Toubro has won Northeast Frontier Railway electrification project.
The Indian state-owned electric transmission utility company has signed an agreement with infrastructure investor
Africa50 to develop 400kV and 220kV transmission lines in east African country Kenya under a public-private partnership framework.
The state-of-art 300 MW gas insulated substation facility, scalable to 700 MW, is the first-of-its-kind deployment of power infrastructure by any datacenter company in the Asia Pacific region.
The second phase of Green Energy Corridor (GEC) scheme for Intra-State Transmission System will facilitate grid integration and power evacuation of approximately 20 GW of renewable energy (RE) power projects in Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu, and Uttar Pradesh.
As India ramps up renewable capacity, there will be a higher requirement for substations, transmission corridors as well as battery energy storage. There is tremendous potential in technology localization in areas such as remote power monitoring, predictive maintenance, EV charging, green hydrogen, and energy storage.
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