Siemens and GE power unit fights for growth as wind, solar gain
The multi-billion power unit of General Electric (GE) is fighting for growth as wind and solar industries are gaining in popularity.
Vistra Energy and Dominion...
Sterlite Power plans $4 bn investment in energy projects in Brazil
Sterlite Power, which won orders to build power transmission lines in Brazil last year, is planning an investment of $4 billion in energy projects in Brazil by 2022.
Sterlite Power’s strategy...
Itron signs deal with New Zealand’s NWL
Itron announced its contract with Network Waitaki (NWL) in New Zealand to deploy Itron’s Distribution Transformer Monitoring (DTM) solution.
Itron did not reveal financial details...
Tata Power’s renewable energy business grew to 3,417MW
Tata Power announced that its renewable energy business grew to 3,417MW in fiscal 2017-18 as compared to 3,141MW previous year.
The net profit from renewable...
NTPC targets 268 billion units of electricity generation
NTPC, India’s largest power generating company, is targeting at generating 268 billion units of electricity during fiscal 2018-19.
NTPC is targeting revenue from operations of...
Hydro power company SJVN aims to spend Rs 900 crore
India Government-owned hydro power company SJVN said it aims to spend Rs 900 crore towards its Capex (capital expenditure) plan in fiscal 2018-19.
SJVN is...
More delays in GE power plants a worry for Pakistan
More delays in GE power plants is a worry for Pakistan’s ruling party that is committed to end electricity outages ahead of a general...
GE books $4.2 bn charge, restates earnings amid accounting concerns
General Electric announced it took a $4.24 billion equity charge and reduced earnings for the last two years by 30 cents a share, Reuters...
Praveer Sinha appointed CEO of Tata Power
India-based Tata Power announced the appointment of Praveer Sinha as chief executive officer and managing director to oversee the next phase of expansion of...
GE Power bags $47.5 million contract from NTPC
GE Power has won a $47.5 million contract from NTPC to install Flue Gas Desulphurisation (FGD) system at Phase-I (2X800 MW) of its Super...
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