Latest news with #DeepeshNanda
Time of India
22-05-2025
- Business
- Time of India
Sanjay Banga to head Tata Power's renewable verticle, redesignated as President-Renewables, ETHRWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App New Delhi, Tata Power on Wednesday redesignated Sanjay Banga , President-Transmission & Distribution as President-Renewables with effect from June 1, following the resignation of Deepesh Nanda from the post. Nanda has submitted his resignation due to personal commitments and will be relieved from his services with effect from the close of business hours on May 31, 2025, a regulatory filing to the filing, pursuant to an internal reorganization Sanjay Banga, President-Transmission & Distribution has been re-designated as President - Renewables and appointed as CEO & Managing Director of Tata Power Renewable Energy Ltd from June 1, heads the Transmission and Distribution Vertical at Tata Power which includes Mumbai, Delhi, Ajmer Distribution and Powerlinks Transmission. Prior to this, he was Chief Executive Officer of Tata Power Delhi Distribution Limited (Tata Power-DDL), a Public Private Partnership (JV) of Tata Power and Government of National Capital Territory of Delhi.A power sector veteran with around three decades of experience in power generation and distribution business, Banga brings with him expertise in the power sector, covering areas of Operational Technologies, Project Management, Utility Business Process Reengineering and Regulatory Environment that are essential for strengthening of electrical utilities to meet reliability and AT&C loss reduction targets under regulatory regime, the filing started his career with National Thermal Power Corporation (NTPC) as an Engineer Trainee and was involved in the Operation & Commissioning of Super Thermal Power Projects (1989 to 1995).Prior to joining Tata Power (DDL), he worked with Reliance Energy (earlier known as BSES Ltd) from 1996 to 2003, where he was associated with the entire spectrum of generation activities covering wide aspects of Operations, Maintenance, Planning, Design and Project Engineering.
Time of India
23-04-2025
- Business
- Time of India
Solar makers see opportunities, risks in trade turmoil
The escalating global trade war stoked by US tariffs may open up new business opportunities for India's solar industry, according to local manufacturers. Steep barriers on Chinese goods and the latest round of duties targeting solar exports from four South East Asian nations hosting Chinese factories are set to squeeze China's dominant companies out of the US solar market. That may boost India's export prospects, especially for solar cells that the US needs to feed its growing module making capacity. Trade tensions 'could prove to be a net positive for India,' said Deepesh Nanda, president of the Indian Solar Manufacturers Association. The country 'is well-positioned to support US markets with high-quality, domestically manufactured solar cells — fully traceable and aligned with US compliance standards.' But the opportunity comes with caveats. 'The first risk is India's excessive dependence on China for upstream products and machinery,' according to Rohit Gadre, a Mumbai-based analyst for BloombergNEF. 'In an escalating trade war, there's always the risk that China could snap the supply chain.' Industry officials who spoke with Bloomberg News echoed those concerns. Most Indian solar manufacturers buy raw materials from top-tier Chinese suppliers, who are more likely to be guided by Beijing's directions on trade, the industry officials said, asking not to be identified amid ongoing trade talks between India and the US. While lower-rung suppliers may still be available, sourcing from them might affect quality, they said. Meanwhile, manufacturers are rushing to expand solar cells capacity in India, driven by a non-tariff import barrier set to kick in from next year. The country's solar cells capacity reached 25 gigawatts at the end of March, almost tripling from a year earlier. While much of that will be used in the domestic market, a plan to double the capacity may create a surplus that could find its way into the export markets, including the US, the industry association's Nanda said.
Time of India
23-04-2025
- Business
- Time of India
India's solar makers see opportunities, risks in trade turmoil
Live Events The escalating global trade war stoked by US tariffs may open up new business opportunities for India's solar industry, according to local barriers on Chinese goods and the latest round of duties targeting solar exports from four South East Asian nations hosting Chinese factories are set to squeeze China's dominant companies out of the US solar market. That may boost India's export prospects, especially for solar cells that the US needs to feed its growing module making tensions 'could prove to be a net positive for India,' said Deepesh Nanda, president of the Indian Solar Manufacturers Association. The country 'is well-positioned to support US markets with high-quality, domestically manufactured solar cells — fully traceable and aligned with US compliance standards.'But the opportunity comes with caveats.'The first risk is India's excessive dependence on China for upstream products and machinery,' according to Rohit Gadre, a Mumbai-based analyst for BloombergNEF. 'In an escalating trade war, there's always the risk that China could snap the supply chain.'Industry officials who spoke with Bloomberg News echoed those concerns. Most Indian solar manufacturers buy raw materials from top-tier Chinese suppliers, who are more likely to be guided by Beijing's directions on trade, the industry officials said, asking not to be identified amid ongoing trade talks between India and the US. While lower-rung suppliers may still be available, sourcing from them might affect quality, they manufacturers are rushing to expand solar cells capacity in India, driven by a non-tariff import barrier set to kick in from next country's solar cells capacity reached 25 gigawatts at the end of March, almost tripling from a year earlier. While much of that will be used in the domestic market, a plan to double the capacity may create a surplus that could find its way into the export markets, including the US, the industry association's Nanda said.
Yahoo
13-02-2025
- Business
- Yahoo
Tata Power unit and ONGC sign MoU for battery energy storage systems
Tata Power Renewable Energy - (TPREL), a subsidiary of the Tata Power Company - has partnered the Oil and Natural Gas Corporation (ONGC) to explore opportunities within the battery energy storage system (BESS) value chain. The non-binding memorandum of understanding (MoU) aims to enhance India's energy security through the integration of renewable energy and advanced storage solutions. Signed at India Energy Week 2025, an event held in New Delhi from 11 February to 4 February 2025, the MoU was formalised in the presence of TPREL CEO and managing director Deepesh Nanda, alongside other dignitaries. The companies will investigate a variety of applications, including utility-scale energy storage systems, grid stabilisation, renewable energy integration and electric vehicle charging infrastructure. The tie-up will also focus on industrial and commercial energy storage applications as well as microgrid and back-up power solutions. Nanda stated: 'This partnership with ONGC marks a significant milestone in our journey to drive India's energy transition. Battery energy storage systems (BESS) will play a crucial role in strengthening grid reliability, enabling greater renewable energy integration and supporting India's ambitious clean energy goals. 'Together with ONGC, we aim to develop innovative storage solutions that will pave the way for a sustainable and resilient energy future.' The partnership aligns with India's goal of achieving 500GW of non-fossil fuel-based capacity by 2030. TPREL has also successfully commissioned a BESS project in Rajnandgaon, Chhattisgarh, combining a 100MW solar photovoltaic plant with a 120-megawatt hours utility-scale BESS. ONGC Chairman and CEO Arun Kumar Singh said: 'As India transitions towards a sustainable energy future, ONGC remains steadfast in its commitment to advancing clean energy initiatives. This collaboration with Tata Power Renewable Energy Limited represents a strategic step towards strengthening energy storage capabilities, which are vital for grid stability and renewable energy adoption. 'By leveraging our collective expertise, we aim to contribute meaningfully to India's energy transition and long-term energy security.' In November 2024, Tata Power signed a MoU with Druk Green Power to develop 5GW of clean energy capacity in Bhutan. The proposed capacity includes 4.5GW of hydropower and 500MW of solar projects, with developments such as the 1.1GW Dorjilung hydroelectric power plant, the 740MW Gongri reservoir, 1.8GW of Jeri pumped storage and the 364MW Chamkharchhu IV. "Tata Power unit and ONGC sign MoU for battery energy storage systems" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
