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Electrical & Power

Panasonic Life Solutions India lights up Powai in Mumbai

Panasonic Life Solutions India lights up Powai in Mumbai Panasonic Life Solutions (PLSIND) in India to use the cutting-edge cloud-basis controlling system, working with one of India's leading real estate developers - Hiranandani Group Panasonic Life Solutions India (PEWIN Division), one of the largest manufacturers of electrical construction materials (ECM) in the country, lights up one of a renowned estate in Mumbai – Powai, Hiranandani. The unique cloud-based technology service, "YOI-en”...

Siemens AG to acquire 18% stake in Siemens India for €2.1 Bn

Siemens AG to acquire 18% stake in Siemens India for €2.1 Bn Siemens intends to enter into a share purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd. India from Siemens Energy for a purchase price of 2.1 billion euro in cash. This would increase Siemens’ stake in the publicly listed Siemens Ltd. India from 51% to 69%, while Siemens Energy’s stake would decrease from 24%...

India has 637 GW of Residential Rooftop Solar Energy Potential: CEEW Report

India has 637 GW of Residential Rooftop Solar Energy Potential: CEEW Report Just one-third of this potential could support the entire electricity demand of the Indian residential sector Over 25 crore households across India have the potential to deploy 637 GW of solar energy capacity on rooftops, according to a new independent report released by the Council on Energy, Environment and Water (CEEW). Further, the CEEW report found that deploying just...

Schneider Electric bags Asian Technology Excellence Award for mySchneider Electrician App

Schneider Electric bags Asian Technology Excellence Award for mySchneider Electrician App Schneider Electric announces the innovative “mySchneider Electrician App”, has won at the esteemed “Asian Technology Excellence Awards 2023” in the Mobile – Electronics category. The mySchneider Electrician App was created as a platform for the Electrician community in India and goes beyond just rewards and loyalty programs. With the App, Electricians can receive timely support for product availability, deals and...

Tata Power Q2 net profit up 9% YoY at Rs 1,017 Cr

Tata Power Q2 net profit up 9% YoY at Rs 1,017 Cr Tata Power today announced its financial results for the quarter ending September 30, 2023, registering its 16th consecutive Profit after Tax (PAT) growth. The company announced consolidated PAT during Q2 FY24 grew by 9% to Rs. 1,017 crore (YoY). Revenue too rose by 9% to Rs. 15,442 crore (YoY) largely driven by higher revenue from core businesses of...

Nirvana Being Unveils India’s Inaugural MESP Air Purifier

Nirvana Being Unveils India's Inaugural MESP Air Purifier With increasing concerns about air quality, the need for effective and eco-friendly indoor air purification solutions has become crucial. In response to this, Nirvana Being is introducing the innovative MESP® (Micro-electrostatic Precipitator) Air Sterilizing Purifier. This advanced device marks a significant advancement in portable air purifiers, showcasing a new era of electronic air purification technology that ensures clean indoor air and energy...

IEX Records Remarkable 9260 MU Electricity Volume, Marking a 21% YoY Surge

IEX Records Remarkable 9260 MU Electricity Volume, Marking a 21% YoY Surge Indian Energy Exchange (IEX), the prominent energy exchange in India, accomplished a total electricity volume of 9260 MU in October 2023, exhibiting a 21% rise compared to the previous year. In the same month, the overall volume traded on IEX reached 9,483 MU, encompassing 2.17 Lac Renewable Energy Certificates (RECs) (equivalent to 217 MU) and 5,814 Energy Saving...

EESL to distribute 1 cr BLDC fans, 20 lakh induction cookstoves

EESL to distribute 1 cr BLDC fans, 20 lakh induction cookstoves Power Minister R.K. Singh unveils EESL’s National Efficient Cooking Programme & Energy Efficient Fans Programme Energy Efficiency Services Limited (EESL), a joint venture of Public Sector Undertakings under Ministry of Power, launched its groundbreaking National Efficient Cooking Programme (NECP) and Energy Efficient Fans Programme (EEFP), unveiled by Union Minister for Power, New & Renewable Energy R.K. Singh. As part of...

Radiance Renewables bags $90 Mn Green Loan for solar power project in Maharashtra

Radiance Renewables bags $90 Mn Green Loan for solar power project in Maharashtra EverSource Capital-backed Radiance Renewables Pvt. Ltd. secured a Green Loan Project Finance Facility for its 150 MW (AC) greenfield C&I solar power project located in Maharashtra. The company has an operating capacity of nearly 500 MWp, with a target to increase its capacity to 2 GWp in the next three years. Radiance Renewables secured the Green Loan Project...

Faster energy transition will happen in the wake of global market uncertainty: Hardeep Singh Puri

Faster energy transition will happen in the wake of global market uncertainty: Hardeep Singh Puri “India is at the centre of global energy scenario, not only because the country has the potential for economic growth and consumer demand but also our leadership is aligned with new alternatives for energy transition. We need new alliances, institutions, and partnerships to ensure seamless, clean energy transition,” said Union Minister for Petroleum & Natural...

Panasonic forays in to B2C solar segment with the launch of Residential Solar Kits

Panasonic forays in to B2C solar segment with the launch of Residential Solar Kits Panasonic Life Solutions India, a leading manufacturer of electrical construction materials (ECM) in the country, and with a strong base in the B2B solar energy segment, steps into the renewable’s consumer market with, the launch of its new residential solar kits in the cities of Pune and Nashik. Speaking on the launch, Yoshiyuki Kato, Managing Director at...

Waaree Energies wins 200 MW module supply mandate from ENGIE India

Waaree Energies wins 200 MW module supply mandate from ENGIE India Waaree Energies, one of India’s leading PV solar module manufacturers, today announced that it has received a mandate from ENGIE India for supply of 200 MW of solar modules for a solar power project in Sayla village in the Surendra Nagar district of Gujarat. ENGIE India is a subsidiary of the French-based ENGIE Group, a global player in low-carbon energy...

GEAPP Hosts Energy Transition Dialogues to Accelerate Positive Pathways for People and Planet

GEAPP Hosts Energy Transition Dialogues to Accelerate Positive Pathways for People and Planet The Global Energy Alliance for People and Planet (GEAPP) in collaboration with the Observer Research Foundation (ORF) is set to host the inaugural edition of The Energy Transition Dialogues (TETD) from 1 - 3 November, 2023 at Hyatt Regency, New Delhi. TETD will feature focused discussions on experiences gathered through programs around six thematic pillars. These include enhancing...

Socomec India launches medium power modular UPS – MODULYS XM

Socomec India launches medium power modular UPS – MODULYS XM Socomec India, a recognised leader in modular UPS solutions, has unveiled MODULYS XM UPS. Sharing details about the new product, Meenu Singhal, Regional Managing Director – Socomec Innovative Power Solutions said, “MODULYS XM, the new medium power model sets industry standards with 50 kW modules and scalable power up to 600 kW, within the same footprint. Boasting proven ultimate reliability, MODULYS...

Sterlite Power acquires Beawar Transmission Limited Project from REC

Sterlite Power acquires Beawar Transmission Limited Project from REC Sterlite Power has disclosed its acquisition of Beawar Transmission Limited, a Special Purpose Vehicle (SPV), from REC Power Development and Consultancy Limited, a wholly-owned subsidiary of Rural Electricity Corporation. Sterlite Power was awarded the project through the Tariff Based Competitive Bidding (TBCB) process in August 2023. The company will construct the Green Energy Corridor project through the Beawar Transmission Limited SPV on...
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