GE at weftec16

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...

GMR raising $1.5 bn for Nepal hydel project

Indian infrastructure major GMR is in talks with global lenders to raise $1.5 billion to develop the 900 MW Upper Karnali hydel project in...

Reliance Group’s Sasan power project gets nod for higher tariff

In a significant relief for Reliance Power's 3,960-MW Sasan project, the regulator has approved an annual hike of 9 paise or 7 percent in...
Tata Power

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...

PowerGrid commissions Rs 30,300 crore projects last fiscal

State-run Power Grid Corp (PowerGrid) has commissioned a record Rs.30,300 crore worth of projects in the last fiscal and also achieved planned capital expenditure...

Energy storage market to grow to 15-20 GW by 2020: IESA

The energy storage market in India is expected to grow to an aggregate capacity of between 15 to 20 GW by 2020, said India...

BHEL to cut dependence on power business to 50%

State-run engineering major Bharat Heavy Electricals (BHEL) is internally aiming to cut down its dependence on thermal power business from 80 to 50 percent...
Hybrid power system

Hybrid power solutions market to grow over 8% over 2016-21

The hybrid power solutions market is expected to grow from an estimated USD 466.5 Million in 2016 to USD 689.5 Million by 2021, registering a CAGR of 8.1...
PGCIL logo

India plans to award $7 bn solar transmission projects to POWERGRID

Government of India is reportedly considering a proposal to award solar transmission projects requiring investment of Rs500 billion ($7.56 billion) to PowerGrid. The Economic Times...
AGL's coal fired power station

Coal fired plants to bundle renewable energy with output

The government of India has effected a decision taken in July mandating coal-fired power plants in operation for more than 25 years to bundle...




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