Adani Energy Solutions, previously known as Adani Transmission, has announced the financial closure of $1 billion for its transmission asset currently under development in Mumbai. The company plans to initiate construction work in October. The financial package forms part of a $700 million revolving project finance facility set up in October 2021 for… Continue reading Adani Energy achieves $1 bn financial closure for transmission asset
Tag: energy
Adani Energy Solutions secures $1 bn financing for green HVDC link project
Adani Energy Solutions Limited (AESL) on Monday said it has achieved financial closure for its $ 1 billion green high voltage direct current (HVDC) link project, that will increase renewable energy supply to Mumbai. The 80-km multi-faceted project will offer a technological upgradation to the Mumbai city. The construction work for this link… Continue reading Adani Energy Solutions secures $1 bn financing for green HVDC link project
India Inc profit surges 65%, world entering green energy era
World entering a highly disruptive green energy era, says Mukesh Ambani Reliance Industries (RIL’s) annual report released on Sunday highlighted the company’s focus on new energy solutions, with Chairman and Managing Director (MD) Mukesh Ambani stating that the age of fossil fuels will not continue much longer. RIL has sought shareholders’ approval to give Ambani… Continue reading India Inc profit surges 65%, world entering green energy era
World entering a highly disruptive green energy era, says Mukesh Ambani
Reliance Industries (RIL’s) annual report released on Sunday highlighted the company’s focus on new energy solutions, with Chairman and Managing Director (MD) Mukesh Ambani stating that the age of fossil fuels will not continue much longer. RIL has sought shareholders’ approval to give Ambani another five-year term as MD till 2029 at nil salary.… Continue reading World entering a highly disruptive green energy era, says Mukesh Ambani
After retail, telecom, Ambani casts eye on fin services, new energy biz
After creating India’s largest retailers and telecom operator in the shortest span of time, billionaire Mukesh Ambani has now set his sight on propelling newly-carved financial services business unit into country’s largest non-banking lender while transitioning the conglomerate to net carbon zero by 2035. The recently demerged Jio Financial Services Ltd will leverage… Continue reading After retail, telecom, Ambani casts eye on fin services, new energy biz
ONGC plans oil-to-chemical plants in pivot towards energy transition
India’s top oil and gas producer ONGC is planning to set up two oil-to-chemical plants in India to convert crude oil directly into high-value chemical products as it prepares for energy transition that is shaking up the industry worldwide, chairman Arun Kumar Singh said. Crude oil, which companies like ONGC pump out from… Continue reading ONGC plans oil-to-chemical plants in pivot towards energy transition
Pakistan’s inflation touches 29.8% amid rise in food, energy prices
A series of sharp rises in energy and food prices in Pakistan, pushed its weekly inflation up by 1.30 per cent and annualised inflation up to 29.83 per cent, Geo News reported on Saturday citing The News. According to the Pakistan Bureau of Statistics (PBS), the increase in the sensitive price indicator (SPI)… Continue reading Pakistan’s inflation touches 29.8% amid rise in food, energy prices
Coal CPSEs to scale up renewable energy capacity to 7231 MW by 2027
Coal PSUs have planned to scale up their total installed renewable energy capacity to 7,231 megawatt (MW) by 2027, an official statement said on Thursday. About 1,600 MW of renewable capacity has already been created till March 2023, by the PSUs Coal India Ltd (CIL), NLC India Ltd (NLCIL), and Singareni Collieries Company… Continue reading Coal CPSEs to scale up renewable energy capacity to 7231 MW by 2027
Tata Power Renewable Energy signs pacts with MSEDCL for two solar projects
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, on Wednesday, signed two power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for commissioning two solar power projects, 200 MW and 150 MW, respectively. Located in Maharashtra, these projects of 200 MW and 150 MW will play a crucial… Continue reading Tata Power Renewable Energy signs pacts with MSEDCL for two solar projects
Pivot to energy solutions as pace of distribution policies slow: AESL
Adani Transmission, recently rebranded as Adani Energy Solutions Ltd (AESL), is shifting its focus towards energy solution services, prompted by a slower-than-expected pace of policy developments in its core distribution sector, according to a top company executive. “The rate of progress in opening up the distribution segment and providing choice to consumers has… Continue reading Pivot to energy solutions as pace of distribution policies slow: AESL