Electrical & Power Industry News: Power/Electricity Distribution

Tata Power Solar and BOI Forge Alliance for Green Financing Tata Power Solar Systems Limited (TPSSL), a leading name in India's renewable energy sector and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced a strategic partnership with the Bank of India (BOI). This collaboration aims to streamline financing options for rooftop solar installations and electric vehicle (EV) charging stations, marking a significant milestone in India's journey...

Union Budget 2024 | Reaction from Niranjan Nayak, MD, Delta Electronics India The Union Budget 2024-25 presents a compelling vision for a thriving 'Viksit Bharat.' We at Delta are particularly encouraged by the government's comprehensive approach that prioritizes skilling, infrastructure development, and digital transformation. The focus on creating a skilled workforce through internship programs aligns perfectly with our own commitment to nurturing talent and driving innovation.We also applaud the budget's...

Union Budget 2024 | Reaction from Manikkan S, Executive Director & CEO, Radiance Renewables The recent budget announcements by the Finance Minister reflect a strong and consistent commitment to renewable energy, building upon the foundation laid by the Modi 2.0 government. The launch of the PM Surya Ghar Muft Bijli Yojana is a significant step towards reducing our dependence on fossil fuels and aligning with global climate goals. This initiative,...

Union Budget 2024 | Reaction from Devndra Chawla, MD & CEO, GreenCell Mobility We appreciate the significant steps taken towards infrastructure development and sustainable transportation by the  Finance Minister in the first union budget under the Modi 3.0 government. GreenCell Mobility remains committed to contributing to India's sustainable development goals by promoting green mobility solutions and supporting the government's efforts toward a greener and more connected future.The proposal of industrial...

Union Budget 2024 | Reaction from Meenu Singhal, Regional MD, Socomec Innovative Power Solutions The budget announcement marks a pivotal moment for India, focusing on nine priorities, including Productivity and Resilience in Agriculture, Employment & Skilling, Human Resource Development and Social Justice, Manufacturing & Services, Urban Development, Energy Security, Infrastructure, Innovation, Research & Development, and Next Generation Reforms. These initiatives are set to generate ample opportunities for all sectors.This budget...

Union Budget 2024 | Reaction from Saurabh Marda, Co-founder and MD, Freyr Energy The recent budget has been highly favorable for the energy sector, with the government setting an ambitious goal of achieving 500 GW of renewable power by 2030. A key component of this plan is encouraging homeowners to adopt solar energy, facilitating a swift transition to solar power. To support this, the government has allocated Rs 70,000 crores...

Union Budget 2024 | Reaction from Saurabh Kumar, VP-India, Global Energy Alliance for People and Planet (GEAPP) "The policy-driven emphasis on the energy sector in the Union Budget 2024-25 exemplifies the Government's commitment to integrating the principles of energy security and energy transition as a cornerstone of Viksit Bharat. We anticipate that the development of energy transition pathways will bolster state-level initiatives to accelerate renewable energy adoption. Furthermore, the proposed...

Delta Electronics India eyes semiconductor industry India's semiconductor industry is on a trajectory of significant growth, driven by strategic government initiatives and international partnerships. These concerted efforts are all set to make India a reliable and strategic player in the global semiconductor industry. Tune into this exclusive interview with Manish Walia, Head Automation South Asia (India, Bangladesh, Sri Lanka, Nepal), Delta Electronics, as he shares insights into Delta Electronics' plans...

Freyr Energy Targets Solarization of 1,000+ Homes in Uttar Pradesh by March 2025 Freyr Energy, is set to significantly boost residential solar adoption in Uttar Pradesh. The company announced plans to solarize over 1,000 households by March 2025, building on its successful solarization of 10 villages in Lakhimpur and Bahraich districts, where it has achieved a total installed capacity exceeding 300 kW.Freyr Energy has already made notable contributions to Uttar...

Toshiba invests Rs 5oo Cr to boost Power Equipment Production in India Toshiba Group on Thursday said it will invest 10 bn Japanese yen (over Rs 500 crore) to increase the capacity of producing power transmission and distribution equipment in India. Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) will increase its capacity of manufacturing power transformers and distribution transformers by about 1.5 times compared to FY2023, over three years...

Tata Power sign MoU with NHPC-REL for Solarisation of Government Buildings Tata Power Renewable Energy Limited (TPREL) has signed a MoU with NHPC Renewable Energy Limited (NHPC-REL). This collaboration aims to install rooftop solar projects across government buildings of Central Ministries, States, and Union Territories, under the ambitious PM Surya Ghar Yojna Scheme.The initiative, targeting 100% solarization of government-owned buildings by December 2025, marks a substantial step in India's renewable...

Hartek Secures Major 765kV Projects from PGCIL Hartek Group has secured 765kV projects from the Power Grid Corporation of India Ltd. (PGCIL), including high-voltage transmission projects in Indore and Kurnool. These projects aim to enhance power system reliability and increase transmission capacity to power-deficit regions, aligning with India's ongoing efforts to strengthen its power infrastructure.The 765kV projects are crucial for efficient power transmission, benefiting both the transmission and renewable energy sectors....

How power will power Maharashtra's growth? Maharashtra, one of India's most progressive states, owes much of its economic and financial prosperity to its robust power sector. The state contributes 15% to the nation’s GDP and is set to become India’s first trillion-dollar state economy by 2025.  The state government's dedication to boosting industrial output, massive investments in public infrastructure upgrades, and an increased focus on the agriculture and services sectors...

Why quality electrical equipment is key to fire safety Tune in to this exclusive interview with S.S. Warick, Director of Maharashtra Fire & Emergency Services, as he discusses the impact of electrical equipment on fire incidents and the importance of adhering to quality standards in electrical installations. He also provides recommendations for the developer community to prevent electrical fire accidents.When it comes to fire accidents, how do you see the...

Triton EV launches “Made in India” Hydrogen Internal Combustion Engine Triton Electric Vehicle LLC, the electric vehicle company headquartered in Cherry Hill, New Jersey-USA, announces the launch of its cutting-edge hydrogen internal combustion engine. “This state-of-the-art technology is developed in India and is poised to transform the automotive industry by providing an eco-friendly zero-carbon emission alternative to traditional gasoline engines, emphasizing performance, efficiency, and environmental sustainability,” the company said.Triton EV's...