Latest news with #Energydepartment
New Indian Express
26-05-2025
- Business
- New Indian Express
Power demand rises in Tamil Nadu, but only 39 of 216 substations set up in three years
CHENNAI: Even as power demand keeps rising in Tamil Nadu, the state has managed to build only 39 new substations in various voltage levels like 765kV, 400kV, 230kV, 110kV and 66kV in the past three years. In 2021 the former electricity minister (V Senthil Balaji) had announced that the government would build 216 new substations of various capacities. According to the policy note of the Energy department for 2025-26, the total number of substations in four voltage categories (765kV, 400kV, 230kV, and 110kV) increased from 1,063 in 2022 to 1,102 by March 2025. Tamil Nadu Electricity Board (TNEB) Chairman and Managing Director J Radha Krishnan said that setting up new substations depended on the financial situation of the board, and acquiring land, especially for 400 kV substations, has become a major challenge. Nearly 15 acres of land is needed for 400 kV substations. He said that despite the challenges, the department has managed to get land in delta districts and also in Ambattur for 400 kV substations. He added that land has also been identified in Sengipatti near Thanjavur and a few other locations. 'We are planning to build 71 new substations in the coming months as part of the centre's Revamped Distribution Sector Scheme. In the first phase, we will require an amount between Rs 1,000 crore and Rs 1,500 crore,' he said.
New Indian Express
25-04-2025
- Business
- New Indian Express
Single-window panel approves seven RE projects worth Rs 1,191 crore
BHUBANESWAR: The single-window committee (SWC) of the Energy department chaired by principal secretary Vishal Kumar Dev has granted in-principle approval to seven renewable energy (RE) projects in the state. With a cumulative capacity of 149.97 MW entailing an investment of `1191.47 crore, the approved proposals include two wind power projects of 95.7 MW, four ground-based solar projects of 53.97 MW and the first battery storage project of 0.6 MWh. These projects will strengthen the state's progress towards achieving its RE goals under the Odisha Renewable Energy Policy-2022, Dev said . During the meeting, progress of various projects approved in the last SWC meeting was also reviewed. The proactive RE policy of the state government has streamlined the processes through the single-window committee and GRIDCO, the nodal agency, continues to attract investments in the renewable energy sector. The SWC has so far accorded in-principle approval for investment proposals worth Rs 12,387.36 crore for a total capacity of 1,707.56 MW in the RE sector.
Yahoo
11-02-2025
- Business
- Yahoo
Why Oklo Inc. (OKLO) Went Down on Monday
We recently published an article titled . In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against the other stocks. Wall Street's major indices kicked off the trading on a positive note, all finishing in the green territory, as investors brushed off fears of growing global trade tensions. The Dow Jones rose by 0.38 percent, the S&P 500 grew 0.67 percent, while the Nasdaq rallied 0.98 percent. However, 10 companies defied a broader market optimism, mostly due to a series of stock rating downgrades from investment research companies on the back of poor earnings guidance and dismal earnings performance. To come up with Monday's worst performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume. An aerial view of a nuclear plant, its domes casting a unique shadow. Shares of Oklo Inc. retreated by 3.17 percent on Monday as investors took profits following a surge in its closing price on Friday. The company recently enjoyed a boost last week from the confirmation of Chris Wright as the Energy department's chief, especially since he was a member of OKLO's board of directors. With Wright's installation, prospects for nuclear stocks and the energy industry, in general, looked even brighter over the Trump administration's stance on prioritizing energy demand first over achieving net-zero goals. Last month, Trump withdrew the US from the Paris climate deal, saying that the zero carbon policies pushed up the prices of energy for homes and businesses, threatened the reliability of energy systems, and undermined energy security. OKLO, an advanced nuclear technology company, stands to benefit from the government's energy expansion program. Overall OKLO ranks 10th on our list of Monday's worst performers. While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as OKLO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
