IGL & BEML which rose more than 20% in a week: should you buy, sell or hold?
"Trading looks lucrative, but it is not easy to make money in trading because you have to deal with your emotions along with market volatility to make money and data tells that less than 10% of active traders make money. Trading requires a different mindset and skills; therefore, you should start it part-time to understand whether it is working for you or not and then gradually you can move to full-time trading."
Trade, security in focus during Bangladesh Prime Minister Hasina's visit
During the September 6-7 visit, Prime Minister Narendra Modi and Hasina are expected to jointly inaugurate a 1,320 MW power plant worth about $1.5 billion. The coal-fired station is being set up by Bangladesh India Friendship Power Company Limited, a 50:50 joint venture between India's NTPC and Bangladesh Power Development Board.
Torrent Power leads race to buy clean energy firm Vector Green
If Torrent bags the deal, it would be the largest power sector buyout for the Ahmedabad-based utilities group, which had also bid for Anil Ambani's Mumbai power distribution business but lost out to Adani in 2020.
PFC Projects likely to rope in investor partners for stressed power projects
PFC Projects Ltd, an equal joint venture of Power Finance Corporation and REC Ltd, is likely to rope in technical or strategic investor partners to operate and maintain acquired stressed or non-performing assets next year.
Government rolls back mandatory coal import order for power plants
The withdrawal of the mandatory blending order indicates adequate stocks at power plants before the annual rise in coal demand post-monsoon when electricity demand picks up. Data showed 31 million tonnes of coal stock, including 2.5 million tonnes of imported coal, at power stations, among the highest in August any year.
International Solar Alliance floats tender for 1150 MW solar project in Cuba
State-owned NTPC is the project management consultant for ISA for setting up the project, an ISA statement said. The project is part of Cuba's plan to implement 2100 MW of solar projects, reducing the reliance on expensive and polluting diesel generators and increasing its green energy portfolio. It also includes building of 150 MW/150 MWh of storage to support grid reliability.
More ambitious emissions reduction targets will help Indian fossil fuel giants such as NTPC, Tata Power: IEEFA
IEEFA's report notes that NTPC and Tata Power may be able to meet their capital requirements through traditional financing. However, if the RBI's recommendations are implemented the companies are likely to face rising financing costs. "Global investors are increasingly concerned about climate risk," says IEEFA report.
Ohmium and Spirare Energy collaborate with NTPC for green hydrogen
In a press statement, the companies said Ohmiums interlocking modular PEM electrolyzers provide a safer, modular, flexible, easy to install and maintain alternative to customized electrolyzers. The project will supply up to 52 tons of green hydrogen annually for the power generation and energy storage application.
India keeps renewables target flexible, goal of 500 GW green energy by 2030 dropped
India had made a commitment to generate 500 GW of power from non-fossil fuel sources by 2030 and reduce carbon emissions by one billion tonnes by the end of the decade at the COP26 conference, held in Glasgow in November last year.