Promonique
Promonique

Indian oil and gas market to grow at CAGR of 5.20 percent

According to the report by Mordor Intelligence, as of 2024, the market size stands at an estimated 38.12 billion cubic meters, with projections indicating a rise to 49.12 billion cubic meters…

IREDA mulls setting up retail subsidiary

The subsidiary would cater to retail projects encompassing Rooftop Solar, PM-KUSUM, Electric Vehicles, and other Business-to-Consumer (B2C) segments. Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd.…

2023 sees shifts in energy storage and smart grid funding dynamics

Venture capital surges for energy storage while the smart grid sector faces a funding downturn and M&A moderation. In 2023, the landscape of corporate funding in the energy storage and…

REC Ltd issues Yen denominated Green Bonds aggregating to 61.1 bn Japanese Yen

First Yen Green Bonds issuance by any Indian PSU, being the largest Yen-denominated issuance from the country. REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power,…

Tata Power commissions India’s largest natural ester-filled power transformer in Mumbai

The company aims to achieve increased transformation capacity with reduced environmental footprint. Tata Power, one of the largest integrated companies in India, has announced the commissioning of India’s largest natural…

Emmvee commissions rooftop solar PV project for Balaji Technologies

Emmvee has recently commissioned a rooftop solar PV project for Balaji Building Technologies, a leading glass treatment company in Bengaluru. The 700 KWp solar project is spread over a rooftop…

IEX launches IGX – India’s first online gas trading platform

Indian Energy Exchange, India’s leading and premiere energy market platform has announced the launch of Indian Gas Exchange (IGX), the first nationwide online delivery-based gas trading platform. IGX was inaugurated…

Indian Energy Exchange to allow real-time electricity trading on its platform

The Central Electricity Regulatory Commission (CERC) has allowed power exchanges to introduce the real-time electricity market (RTM) on their trading platforms with effect from 1st June 2020. With respect to…

NLC India starts coal production

NLC India Limited, a Navratna Public Enterprise under the Ministry of Coal, has for the first time, commenced production of coal. The coal produced from Talabira II and III Mines…

Draft guidelines issued by MNRE for off-grid solar power plants scheme

The Ministry of New and Renewable Energy (MNRE) hasissued draft guidelines for implementation of off-grid solar power plants under the renewable energy service company (RESCO) model. In April 2020, the…

Toyota enters renewable energy power generation business with Toyota Green Energy arm

Toyota Motor Corporation, Chubu Electric Power Co., Inc., and Toyota Tsusho Corporation concluded an agreement to establish Toyota Green Energy LLP for the purposes of obtaining and managing renewable energy…

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