Tata Power-DDL sourced 2.6 billion units of green power in FY 2023
Tata Power-DDL sourced 2,600 million units of green power from renewable sources such as solar, wind, hydro, and waste in FY 2022-23. With this, it scores a hat trick of Renewable Purchase Obligation (RPO) compliance.
Tata Power profit grows to INR 1,141 crore in Q1 FY24
Tata Power’s profit after tax (net profit) grew 29% year-on-year to INR 1,141 crore ($137.6 million) in the April-May-June period of FY 2023-24. Consolidated revenue stood at INR 15,003 crore.
Apraava Energy signs MoUs worth $1.1 billion with REC and PFC
Apraava Energy will use the funds to develop its wind, transmission, and advanced metering projects.
Apraava Energy secures renewable energy transmission projects in Rajasthan
The projects are part of the evacuation scheme for 20 GW of renewable energy generation in Rajasthan to the national grid.
L&T wins new orders for power transmission and distribution
Larsen & Toubro has secured contracts to implement advanced distribution SCADA and HVDC transmission lines.
GMR secures $927 million smart metering project
GMR Smart Electricity Distribution has won a project to install over 7.5 million prepaid smart meters in Uttar Pradesh. It will implement these smart meters on a design, build, finance, own, operate, and transfer basis.
Sterlite Power commissions its sixth power transmission project in Brazil
Sterlite Power has completed an INR 1,600 crore Marituba Power Transmission project that is designed to deliver over 1 GW of green power to the industrial region of Belem.
Integrating higher share of renewable energy in India’s power system
To increase the share of renewable energy, India needs to introduce demand-side measures like time-of-use tariffs, develop a well-connected national grid, deploy various energy storage options for grid balancing services, and convert its fossil-fuel-powered fleet to operate flexibly.
Africa50 signs MoU with International Solar Alliance to support PV projects across Africa
Africa50 and International Solar Alliance (ISA) will leverage each other’s networks to mobilize funding and raise awareness of African solar projects in European and Indian markets.
Tata Power secures smart metering project worth INR 1,744 crore
Tata Power will install and maintain 1.86 million meters in the Raipur area (Raipur city and Raipur rural areas) of Chhattisgarh, served by Chhattisgarh State Power Distribution Co. Ltd.
