Power

ADB, Citi, HSBC, Prudential hatch plan for Asian coal-fired closures

Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired...

Asia-Pacific T&D project tenders activity down 74% in Q2 2021

There were 91 T&D project tenders announced in the Asia-Pacific region in Q2 2021, marking a drop of 74 percent over the last four-quarter...

NTPC to use Garuda Aerospace’s drones

Power generation major NTPC has decided to use Garuda Aerospace’s drones, among other things, to detect encroachments in its hydro power project areas, check...

Torrent Power buys LREHL Renewables India SPV

Torrent Power has entered into a securities purchase agreement with Lightsource India and Lightsource Renewable Energy India for the acquisition of share capital and...

NTPC revenue grows 11.5% to Rs 26,802 crore during April-June quarter

Power major NTPC said its revenue rose 11.58 percent to Rs 26,802.25 crore during the April-June quarter of 2021. NTPC, India’s largest power generator with...

Entergy plans 1,215 MW power plant in Texas

U.S. electric company Entergy announced it is planning to build a power plant in Texas capable of burning a combination of natural gas and hydrogen. Entergy...

GE wins transformers and reactors order from Power Grid

GE Renewable Energy’s Grid Solutions business has secured orders to supply 765 kV transformers and reactors in India. GE will provide 13 units of 765...

Electricity demand to grow by 5% in 2021 and 4% in 2022: IEA

Global electricity demand is set to grow by close to 5 percent in 2021 and 4 percent in 2022 – driven by the economic...

Germany hikes forecast for electricity consumption in 2030

Germany has lifted its forecast for electricity consumption in 2030 by at least 9.3 percent, due to the roll-out of electric vehicles, tougher climate...

NTPC invites EOI for selling fly ash in Middle East and other regions

NTPC, India’s largest power producer, has invited Expression of Interest (EOI) for the sale of fly ash from the designated ports of the Middle...