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Adani Electricity urges smart cooling as summer power use soars

Inshorts · 4m ago

Adani Electricity urges smart cooling as summer power use soars

As temperatures soar, Adani Electricity urges consumers to manage power use smartly to avoid high bills and reduce environmental impact. Tips include setting ACs to 24°C, using ceiling fans, unplugging devices, and opting for energy-efficient appliances. Regular maintenance, using appliances during off-peak hours, and leveraging natural ventilation can significantly cut electricity consumption.

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Adani Power says it is committed to supplying electricity to Bangladesh

Money Control

Money Control · 1y ago

Adani Power says it is committed to supplying electricity to Bangladesh

Adani Power has stated that an amendment to power export rules in Bangladesh does not affect its existing contract to supply electricity to the country. The amendment by the Indian government allows for connectivity to the Indian grid, but does not require India to purchase electricity. Adani Power's 1,600 MW Godda plant is the only one in India under contract to export all its power to a neighbouring country. The amendment enables Adani to also supply electricity to the domestic market, reducing political risks in Bangladesh. The amendment may benefit future power projects with export contracts.

Bangladesh cuts power imports from Adani Power by half amid payment disputes, bribery charges, forex crisis | Company Business News

Livemint

Livemint · 8m ago

Bangladesh cuts power imports from Adani Power by half amid payment disputes, bribery charges, forex crisis | Company Business News

Bangladesh has reduced its electricity imports from India's Adani Power by half due to decreased winter demand and payment issues. Adani Power had previously cited delayed payments from Bangladesh as the reason for reducing supply. Bangladesh has requested Adani to maintain only half of the usual supply while settling outstanding dues. The power plant's operations have been affected, operating at its lowest capacity in November. The total dues owed by Bangladesh to Adani Power amounts to approximately $650 million, causing financial strain for the company. Bangladesh is also pushing for a reduction in Adani's rates, which are higher compared to other Indian suppliers.

Adani in talks to buy Reliance Power's 600 MW thermal plant

Livemint

Livemint · 1y ago

Adani in talks to buy Reliance Power's 600 MW thermal plant

Adani Power is reportedly in talks to acquire the 600 MW Butibori thermal power project in Nagpur, previously owned by Reliance Power. The deal is expected to be in the range of ₹2,400-3,000 crore. The acquisition would help Adani Power benefit from the growing electricity demand in India. The Butibori project is currently owned by Vidarbha Industries Power, a subsidiary of Reliance Power, and negotiations are being held with CFM Asset Reconstruction Co. for the acquisition. Adani Power aims to integrate the Butibori project with its existing coal-based power plant in Tiroda to boost power generation and supply in Maharashtra.

Ambani and Adani unite: Reliance acquires 26% stake in Adani’s power project

Thehindubusinessline

Thehindubusinessline · 1y ago

Ambani and Adani unite: Reliance acquires 26% stake in Adani’s power project

Mukesh Ambani's Reliance Industries has acquired a 26% stake in Gautam Adani's Madhya Pradesh power project. The deal also includes a pact to use 500 MW of electricity from the plants for Reliance's captive use. While Ambani and Adani have been rivals in various sectors, they have both made significant investments in the clean energy sector. Adani aims to become the world's largest renewable energy producer by 2030, while Reliance is building four gigafactories for solar panels, batteries, green hydrogen, and fuel cells. The deal between the two businessmen is subject to regulatory approvals.

Adani merges step-down subsidiaries with ANIL

YourStory

YourStory · 11m ago

Adani merges step-down subsidiaries with ANIL

- Adani Group has merged two subsidiaries, Adani Infrastructure Private Limited and Mundra Solar Technology Limited, with Adani New Industries Ltd. - Adani Infrastructure and Developers is primarily engaged in real estate and power project development. - Mundra Solar Technology is involved in the production and distribution of electricity. - Adani New Industries focuses on low-carbon projects such as green hydrogen and wind turbine manufacturing. - Adani Group has a facility for manufacturing solar PV modules and wind turbines. - TotalEnergies holds a 25% stake in Adani New Industries, while Adani Enterprises Ltd holds the remaining equity.

Adani Power gets LoA for 2,400 MW thermal power project in Bihar

Economic Times

Economic Times · 3h ago

Adani Power gets LoA for 2,400 MW thermal power project in Bihar

Adani Power has secured a Letter of Award from Bihar State Power Generation Company Ltd. to supply electricity over 25 years through a new 2,400 MW power plant in Bhagalpur, Bihar, with a $3 billion investment. This project aims to meet India's increasing power demand, estimating employment for 10,000-12,000 during construction and 3,000 in operation. Adani Power's capacity expansion aligns with India's projected need for 100 GW additional thermal capacity by 2035.

Bitcoin mining used more water than New York city last year

Livemint

Livemint · 1y ago

Bitcoin mining used more water than New York city last year

Bitcoin-mining operations globally consume billions of gallons of water annually, with estimates projecting a footprint surpassing 591 billion gallons this year. This surpasses the water consumption of New York City residents and businesses, causing concern over environmental impacts, especially in regions with water shortages. The use of water is attributed to both cooling computer servers directly and indirectly through gas- and coal-fired power plants that require cooling water. Some efforts have been made to reduce the industry's dependence on fossil fuel-generated electricity. Changes to bitcoin's mining software may help reduce water and energy demands, but it requires consensus among stakeholders.

First Ambani-Adani pact: RIL picks 26% stake in Adani Power's MP project

Livemint

Livemint · 1y ago

First Ambani-Adani pact: RIL picks 26% stake in Adani Power's MP project

Mukesh Ambani's Reliance Industries has acquired a 26% stake in a power project of Gautam Adani in Madhya Pradesh. The deal includes the usage of the plant's 500 MW electricity for Reliance's own needs. Reliance will purchase five crore equity shares of Mahan Energen Ltd, a subsidiary of Adani Power Ltd. Livemint has been recognized as the fastest-growing news website worldwide. Readers can access various benefits such as newsletters, stock tracking, breaking news, and personalized newsfeed by logging in.

India's power use dips for first time since 2020

Economic Times

Economic Times · 1m ago

India's power use dips for first time since 2020

India's electricity demand fell by 1.5% in the April-June quarter compared to the previous year, marking the first decline since the 2020 pandemic halt. This was attributed to a cooler summer reducing air conditioning usage. Coal-fired power output dropped by 7%, while renewable energy surged 23%. Spot power prices fell near pandemic lows. This shift complicates power forecast and planning as climate variability influences consumption and challenges the resilience of India's energy infrastructure.

Andhra Pradesh extends power supply deadline for Adani Green Energy

Livemint

Livemint · 9m ago

Andhra Pradesh extends power supply deadline for Adani Green Energy

The Andhra Pradesh government has granted a second extension to Adani Green Energy Ltd for supplying renewable power. Adani Green missed two earlier deadlines due to transmission unavailability. The original deadline of March was first extended to September and now extended to 25 December. Adani Green was contracted to supply 3,000 MW of renewable electricity to Andhra Pradesh starting in 2024, another 3,000 MW in 2025, and an additional 1,000 MW in 2026. The extension comes amid reports of the state government considering suspending the power supply agreement with Adani Green amid allegations against the Adani group's founder-chairman and other executives for alleged bribery. Adani Green denied the allegations.

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