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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Huge growth' in India's power demand in the next decade: Tata Power CEOPraveer Sinha, CEO of Tata Power, discusses what the company is doing to boost its renewable energy capacity.
Persons: Praveer Sinha Organizations: Tata Power
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere will be a 'very extended increase' in India's power demand in the next few years: Tata PowerPraveer Sinha, CEO of Tata Power, discusses the company's quarterly earnings.
Persons: Praveer Sinha Organizations: Tata, Tata Power
Temasek said it does not comment on market speculation, while Mubadala declined to comment. The Singapore state investment firm's talks with Mubadala, which manages $276 billion globally, are at an early stage, said the first of the sources. And Mubadala is "bullish on India (and) wants to double down on investments," the source added. Temasek intends to retain its majority stake in Manipal by continuing to be the largest and majority shareholder with a stake of more than 50%, said the third source. India's private healthcare space, worth about $48 billion, is forecast by PwC to grow 12% to 14% a year.
Persons: サマリー, Mubadala, Temasek, Mukesh, Tata Power's, Khaled Abdulla Al Qubaisi, Sriram, Hadeel Al Sayegh, Aditya Kalra, Clarence Fernandez 私 たち Organizations: Temasek, Manipal, fund's, Singapore's Temasek, Mubadala, Tata, Economic Times, Cleveland Clinic Locations: Manipal, Middle, MUMBAI, DUBAI, SINGAPORE, India's Manipal, Abu Dhabi, India, Temasek, Singapore, Bengaluru, Mubadala, Asia, U.S
High-tension power lines are pictured outside a Tata Power sub station in the suburbs of Mumbai, India, August 8, 2017. At the same time, India's power emissions climbed 4.5% to new highs on the back of record use of high-polluting coal, which generates roughly 75% of India's electricity. SOFT PATCH/HIGH POINT OVERLAPDuring the April-June window, when India's emissions exceeded Europe's, India's total power use levels rose on high demand for air conditioning in the hottest months of the year. These conflicting approaches to energy sector management reflect the starkly different developmental phases of each market. India's government has established ambitious long-term goals for boosting renewable energy generation and lowering power sector emissions.
Persons: Shailesh Andrade, RC1F247F86F0, Gavin Maguire, Muralikumar Organizations: Tata Power, REUTERS, Union, Spain, Reuters, Thomson Locations: Mumbai, India, LITTLETON , Colorado, Europe, pare, Ukraine
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe plan to add up to 2.5 GW in renewable energy capacity every year, says Tata PowerPraveer Sinha, CEO of Tata Power, discusses how it's engaging with the Indian government to increase the use of renewable energy.
Persons: Praveer Sinha Organizations: Tata, Tata Power
"We believe India's electricity sector is going through a generational shift as the country looks to balance the economic growth with decarbonization," Goldman Sachs analyst Nikhil Bhandari told CNBC's "Street Signs Asia". Bhandari also told CNBC that India has a unique opportunity in green hydrogen thanks to the viability of round-the-clock renewable electricity. "This is unlike China, where we feel around the clock renewable electricity will be more economical towards the end of the decade." Goldman has a 12-month price target of 265 Indian rupees ($3.24) on NTPC, representing more than 30% upside from the current share price. Shares of SJVN have already risen past Goldman's price target of 55 Indian rupees and now carry a downside risk of 6%.
Persons: Goldman Sachs, NTPC, Nikhil Bhandari, CNBC's, Bhandari, Goldman, — CNBC's Michael Bloom Organizations: CNBC, Tata Power Locations: India, China, NTPC
We expect power demand in India to stay robust, says Tata Power
  + stars: | 2023-05-05 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect power demand in India to stay robust, says Tata PowerPraveer Sinha of the power generation company says this is a "great opportunity" for India's power sector to expand renewable capacity.
India on Monday invoked an emergency law to force power plants that run on imported coal to maximize output ahead of an expected record surge in power usage this summer, according to an internal power ministry notice seen by Reuters. Many of India's power plants that use imported coal, including those owned by Adani Power and Tata Power in the western state of Gujarat, have not operated at full capacity recently because they have found it difficult to compete with power generated from cheap domestic coal. Reuters reported last month on India's plans to use the law to maximize coal power output. In the notice sent to all imported coal-based power plants, the ministry said it expects them to operate at full capacity and sell power to buyers on exchanges. India's imported coal plants have a total capacity of 17 gigawatts.
NEW DELHI, Feb 20 (Reuters) - India on Monday invoked an emergency law to force power plants that run on imported coal to maximise output ahead of an expected record surge in power usage this summer, according to an internal power ministry notice seen by Reuters. Reuters reported last month on India's plans to use the law to maximise coal power output. In the notice sent to all imported coal-based power plants, the ministry said it expects them to operate at full capacity and sell power to buyers on exchanges. India's imported coal plants have a total capacity of 17 gigawatts. India expects its power plants to burn about 8% more coal in the financial year ending March 2024, with increased economic activity and erratic weather to continue to boost growth in demand for power.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect to see a huge increase in India's electricity consumption, says Tata PowerPraveer Sinha of the power generation company says it will play a critical role in that.
NEW DELHI, Jan 30 (Reuters) - India plans to use an emergency law next month to force power plants that run on imported coal to maximise output, two government sources told Reuters on Monday, in preparation for expected record consumption this summer. Federal power ministry officials will work with those involved in debt restructuring of financially stressed power plants to make them functional, the sources said. India expects its power plants to burn about 8% more coal in the financial year ending March 2024, with increased economic activity and erratic weather to continue boost growth in demand for power. India's industrial western states Maharashtra and Gujarat, which have registered a steep rise in power demand in recent months, demanded invocation of the law, the sources said. Writing by Sudarshan Varadhan Editing by Toby Chopra and David GoodmanOur Standards: The Thomson Reuters Trust Principles.
Electric vehicle charging stations from Tata Power can be found on 350 of the 600 highways in India. Puneet Vikram Singh, Nature And Concept Photographer, | Moment | Getty ImagesWhen most people think about electric vehicles, they think cars. From brands like Tesla and Rivian in the United States, to Nio and XPeng in China, global sales of electric vehicles have surged. But in India, two-wheel vehicles such as scooters, mopeds and motorbikes, dominate the market. The starting price of electric two-wheel vehicles can be as high as 160,000 rupees.
BENGALURU, Oct 31 (Reuters) - Indian shares may open higher on Monday, after rising for two consecutive weeks, tracking gains in broader Asia and a fall in oil prices. India's NSE stock futures, listed on the Singapore exchange , were 0.92% higher as of 0242 GMT. The MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.8%. Stocks to watch:** Sugar stocks after India, the world's biggest sugar producer, extended restrictions for export by one year through October 2023, the government said in a notification late on Friday. ($1 = 82.2610 Indian rupees)Reporting by Rama Venkat in Bengaluru;Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.
India renewables push gets lift from patient money
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +2 min
MUMBAI, Sept 19 (Reuters Breakingviews) - As global borrowing costs rise, patient foreign investors are stepping up to help tycoons recycle capital and speed India’s energy transition. The wider deal will help the unit of $19 billion Mahindra and Mahindra (MAHM.NS) repay a shareholder loan as Indian businesses deleverage en masse. In April, Tata Power (TTPW.NS) struck a deal with BlackRock (BLK.N) and Abu Dhabi’s Mubadala. Register now for FREE unlimited access to Reuters.com RegisterSimilar tie-ups helped renewables power 60% of India’s energy capacity additions in the past six years, according to Moody’s. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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