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Indian power producer Tata Power Ltd is in talks with two large offshore investors to set up a second investment platform that will look to acquire one or more power ..
Bengaluru (Karnataka) [India]/ San Francisco [US], November 22 (ANI/PRNewswire): Prayagraj Power Generation Company Limited (PPGCL), a Renascent Power Ventures Private Limited subsidiary, has selected UptimeAI's'AI Expert' to optimize its power plant operations. UptimeAI is a pioneer in artificial intelligence (AI) for plant maintenance and operations. UptimeAI offers PPGCL an advanced AI solution to improve the operational efficiency of its power plants. PPGCL will use UptimeAI's advanced AI power generation solution to boost operational excellence with flexibilization across all three of its thermal power plants' units. PPGCL operates 3x660 MW coal-fired supercritical thermal power plants in Uttar Pradesh (India). To address the challenges of flexibilization caused by the energy transition, PPGCL has launched a strategic initiative to pioneer innovative digital solutions. AI Expert will be deployed at all three units at PPGCL in line with the Pro-SMILE program of
New Delhi, Sept 17: Resurgent Power Ventures on Saturday said that it has completed the acquisition of South East UP Power Transmission Company through an insolvency process. As per the resolution plan, the transaction entailed payment for one-time settlement of outstanding debt and purchase of equity shares for a consideration of Rs 3,251 crore and payout of existing cash balance of SEUPPTCL. The transaction has been funded through a mix of shareholder funds brought in by Resurgent Power and loans […]