Latest news with #ChubuElectricPower
Time of India
31-07-2025
- Business
- Time of India
OMC Power aims 1,000 MWp RE portfolio with ₹4,000 cr investment
OMC Power , a Gurugram-based clean energy firm backed by Japan's Mitsui & Co and Chubu Electric Power, is planning to develop a 1,000 megawatt peak (MWp) renewable energy portfolio over the next three to five years, according to a report by news agency PTI. The projects require an estimated investment of ₹4,000 crore representing a 10-fold increase from its current operational capacity of 100 MWp. 'OMC Power is scaling rapidly with the ambition to build a 1 GWp clean energy portfolio spanning north and central India,' said Rohit Chandra, MD & CEO, OMC Power. Strategic expansion across four verticals Rooftop solarisation for healthcare (600 MWp) : A substantial 600 MWp is earmarked for rooftop solar projects , primarily targeting customers in the healthcare sector. The company currently operates 75 MWp in this segment. Green energy for telecom (200 MWp) : The company plans to add 200 MWp to its green energy solutions for telecom tower companies, building on its existing 15 MWp capacity in this vertical. Smart grids for rural areas (100 MWp) : To further serve rural communities, OMC Power will expand its smart grid initiatives by an additional 100 MWp, increasing its current operational capacity of 10 MWp in this area. Solar EPC for MSMEs and C&I (100 MWp): The company will also add 100 MWp in the solar engineering, procurement, and construction space, catering to micro, small, and medium enterprises and commercial and industrial customers. This segment currently stands at 5 MWp. These projects are planned for various states, including Uttar Pradesh , Uttarakhand, Madhya Pradesh, Bihar, Jharkhand, Assam, and other northeastern states.
CNA
31-07-2025
- Business
- CNA
Japan's JERA Q1 profit slightly down on weaker overseas business
TOKYO :JERA, Japan's biggest power utility, on Thursday posted a 1 per cent decrease in net profit for the first quarter of the fiscal year 2025 to 92.5 billion yen ($621.4 million) amid weaker overseas power generation business, including from renewable energy. JERA, a joint venture of Tokyo Electric Power and Chubu Electric Power, saw net profit in the same period of last year at 93.4 billion yen. Its revenue rose by 8.5 per cent to 830.8 billion yen on stronger domestic electricity sales. The company kept its full-year profit forecast unchanged at 230 billion yen. ($1 = 148.8600 yen)
Reuters
31-07-2025
- Business
- Reuters
Japan's JERA Q1 profit slightly down on weaker overseas business
TOKYO, July 31 (Reuters) - JERA, Japan's biggest power utility, on Thursday posted a 1% decrease in net profit for the first quarter of the fiscal year 2025 to 92.5 billion yen ($621.4 million) amid weaker overseas power generation business, including from renewable energy. JERA, a joint venture of Tokyo Electric Power (9501.T), opens new tab and Chubu Electric Power (9502.T), opens new tab, saw net profit in the same period of last year at 93.4 billion yen. Its revenue rose by 8.5% to 830.8 billion yen on stronger domestic electricity sales. The company kept its full-year profit forecast unchanged at 230 billion yen. ($1 = 148.8600 yen)
