Adani Energy Solutions reports INR 3,615 crore revenue in Q3 FY 2024
Adani Energy Solutions Ltd, a private-sector transmission and distribution company in India, has recorded a revenue of INR 3,615 crore ($434.78 million) for Q3 FY 2024, 19% up year-on-year.
The practicality of a 100% renewable energy system
The biggest question for the transition from the conventional practice of electricity generation to 100% eco-clean renewable energy resources is, can we maintain the electricity grid stable every minute of every day? The answer is clearly YES, and it is practical.
Torrent Power commits $5.7 billion investment in Gujarat
Torrent Power will develop 3,450 MW of solar power projects, 1,045 MW of hybrid power projects, and the solar park infrastructure for a 7 GW solar power project in Gujarat. It will also set up a 100 ktpa green hydrogen/green ammonia production facility in the state.
Sterlite Power secured new orders worth INR 2,000 crore in Q2 FY 2024
Sterlite Power recorded a significant INR 700 crore ($84 million) increase in order wins compared to Q1 FY 2024.
Adani Energy Solutions to build 7 GW renewable energy evacuation transmission network
Spanning over 300 km, the INR 3,000-crore transmission project will evacuate 7 GW of energy from Gujarat’s Khavda RE park into the national grid
Hartek secures 400 kV substation order for SPRNG Energy’s 300 MW solar plant
The substation will support a 300 MW solar power plant at Ramsan Village in the Indian state of Gujarat.
ADB to lend $200 million for climate-resilient power system in Uttarakhand
The project will modernise Dehradun city’s power network infrastructure by introducing an advanced and climate-resilient underground cable system comprising 537 km subterranean cables, 354 ring main units, and 99 compact substations.
Wires and cables in the solar industry
The solar industry growth has accelerated the demand for wires and cables in India. Since solar cables are key in transmitting power from the PV panels to the system, it is essential to invest in the best-suited type of solar cable that meets stability and safety norms.
ADB approves $250 million loan for India’s power sector reforms
The Asian Development Bank (ADB) has approved a $250 million policy-based loan to strengthen the market for power trade and related ancillary services in India, facilitating the integration of intermittent renewable energy. The loan will also enable measures to improve the financial performance, corporate governance, and service quality of electricity distribution companies (DISCOM) and create a conducive environment for private sector investment.
Sterlite Power wins 8 GW green energy transmission project in Rajasthan
Sterlite Power has secured a transmission project for the evacuation of power from Rajasthan Renewable Energy Zone Phase-IV.
