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IEX power market update, January 2024
Indian Energy Exchange, India’s premier electricity exchange, achieved the highest ever total volumes in January 2024, reaching 10,893 million units (MU) – marking a 26.1% year-over-year increase. This volume comprises of 9,137 MU from the conventional power market segment, 236 MU from the green market segment, and 15.20 lakh Renewable Energy Certificates (RECs) (equivalent to 1,520 MU).
REC wins Best Green Bond – Corporate Award at The Asset Triple A Awards for Sustainable Finance 2024
REC has received the award for issuance of $750 million USD Green Bonds in April 2023 which was also the first USD Green Bond issuance from India post India’s assumption of G20 Presidency and the largest ever Senior Green Bond Tranche by a South or South-East Asian issuer. The bond issue was priced at a minimum new issue premium of 7.5 bps, which was tighter than the most recent high-rated issuances from the region.
Key Producers of Energy Producing Nations to participate in India Energy Week 2024 in Goa
IEW will feature power packed strategic conferences with global decision makers sharing insights on future of energy. Prominent personalities from regulatory bodies, renewable associations, and research institutes to share ideas at IEW
Tata Power led Odisha Discom TPNODL lights up 42 tribal villages in Odisha’s heartlands with clean power
Installs 18 solar microgrids in the remote Simlipal and Kolharoida forest areas; empowering 6000 tribal residents.
NTPC Limited gets certified as a Top Employer 2024 in India by the Top Employers Institute
NTPC completed the following steps in order to qualify for the certification: HR Best Practice Survey, Validation and Audit. NTPC’s performance score was rated against an international standard and NTPC has achieved Top Employer status.
EKI Energy Services forges strategic partnership with African Jospong Group Of Companies Ltd to mobilise carbon finance in the continent
EKI Energy and Jospong Group unite to lead in sustainability, net-zero services, and climate investments, reinforcing their commitment to carbon neutrality and transparent offsets portfolio management. Together, they will pioneer sustainability, climate investments, and carbon neutrality. The collaboration includes transparent offsets portfolio management and expertise sharing for thriving in carbon markets.
New Delhi-based Divine Power Energy Limited files DRHP with NSE Emerge
The company manufactures insulated and bare wires as well as strips with copper and aluminium; operates a cutting-edge manufacturing facility at Ghaziabad.
Hitachi Energy India Limited announces Q3FY24 results
Order execution, navigating external supply chain risks drive revenue growth
Socomec’s Devesh Singhania Appointed As Vice Chairperson of IFCCI CFO Committee
Socomec, a pioneering global leader in innovative power management solutions, proudly announces the appointment of Devesh Singhania, a seasoned financial expert serving as CFO India Region & APAC Industry Controller, as the Vice Chairperson of the Indo-French Chamber of Commerce & Industry (IFCCI) CFO Committee, effective immediately.
Tata Power lights up Mumbai festival with green power
Tata Power, one of India’s largest integrated power companies, is spearheading a green revolution at the first-ever Mumbai Festival 2024 by providing green energy to the Maha Mumbai Expo 2024 that is being held at the Mumbai Metropolitan Region Development Authority (MMRDA) grounds, BKC.
