Utilities

Prime Minister Narendra Modi is set to address a massive crowd of nearly 2 lakh people in Ghaziabad today, as part of the BJP's campaign for the upcoming Lok Sabha elections. This roadshow holds significant importance for the party, particularly in western Uttar Pradesh, where 13 Lok Sabha seats are up for grabs.

Embalgun, an Aboriginal community in Western Australia, faces a precarious power situation, relying on expensive generators and hazardous extension cords due to an unreliable electricity supply. However, hope emerges with the takeover by state utilities, promising infrastructure upgrades and a shift towards sustainable solar power.

Rajasthan aims to increase its dependence on solar energy from 12-14% to over 40% by 2030, aiming to bridge the power gap and reduce reliance on expensive electricity purchases from other states. This ambitious plan is driven by the state's abundant solar potential and the need to meet its growing electricity demand through clean and sustainable sources.

India's power generation capacity witnessed a remarkable growth trajectory in FY24, reaching a new high of 441.97 GW, representing a 6.22% increase from the previous year. This impressive growth was primarily fueled by a surge in renewable energy sources, which witnessed a phenomenal 10.79% jump to 190.57 GW.

Pacific Gas & Electric Co. is nearing a deal to sell a stake in its power plants to KKR & Co. for an estimated $2 billion to $3 billion, aiming to raise funds for infrastructure upgrades and reduce wildfire risks. The deal requires approval from the California Public Utilities Commission, which has expressed concerns about potential risks to investors.