PM-KUSUM or Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan Scheme is a flagship scheme of the central government to solarise agricultural areas and irrigation activities Giving a push to enhanced use of clean energy in the agriculture sector, the Union Minister for Power, New and Renewable Energy, R K Singh, said loans from NABARD […]
Suzlon Energy’s total debt at Rs 14,262 cr, includes FCCB worth Rs 1,376 cr
The company’s total outstanding borrowing from banks or financial institutions is Rs 12,885.75 crore, according to a regulatory filing by Suzlon. Suzlon Energy on Tuesday said its debt as on March 31 stood at Rs 14,262.06 crore, which also includes outstanding foreign currency convertible bonds worth Rs 1,376.30 crore (around $172 million). The company’s total […]
NTPC to invest Rs 50,000 crore to add 10GW solar energy capacity by 2022
State-owned power giant NTPC is planning to add 10GW of solar energy generation capacity by 2022, which entails an investment of around Rs 50,000 crore, to be funded mainly by green bonds, a source has said. At present, NTPC has installed renewable energy capacity of 920 MW, which includes mainly solar energy. It has formulated […]
Rajasthan levies Rs 2-5 lakh cess on solar projects, registration fee up 5x
Sector experts say move will hike project costs exponentially, call for tariff hike every year to offset burden Rajasthan, the state with the highest solar-power potential in the country, has decided to levy an additional cess on all existing and future solar power projects in the range of Rs 2.5-5 lakh per megawatt per year. […]
Chinese auto & electronics major BYD to invest Rs 2,800 cr in Tamil Nadu
China-based automobile and electronics major BYD is planning to invest around Rs 2,800 crore in Tamil Nadu. The deal is one of the nine MoUs worth Rs 5,027 crore that companies have signed with the state government. Hero Group-backed Ather Energy’s Rs 600 crore-plus plan to establish a manufacturing facility for e-Vehicles is among the […]
AIIB expects $100m investment a year in India’s solar, wind projects
AIIB’s Director General Pang also expected the private investments in renewable energy sector in India as foreign direct investment, relieving the Indian government of project financing challenges Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) expects an annual private investment worth $100 million a year in solar and wind projects in India from next month. AIIB expects […]
Adityanath asks officials to draft blueprint for ‘energy security’
Eyeing a trillion dollar economy in the next 5 years, the Uttar Pradesh government will now draft an ‘energy security’ blueprint to become self reliant in its electricity needs by 2031. The state energy department has estimated the gross electricity demand in UP to exceed 30,000 megawatt (Mw) by 2031, which therefore needs proper planning […]
Open LCs for renewable firms or lose access to generation, Centre tells AP
Sets two-day dealine for compliance; denying access to Central pool will mean power outages, as state must draw 20 mnn units to achieve 24-hour power supply The Centre has threatened the Andhra Pradesh government that it will deny access to the Central pool of electricity and power exchanges if it fails to open the letters […]
Record low bids for DEWA’s latest solar offer
Solar prices fall to new record low in Saudi-led bid for 900MW Dubai project A consortium led by Saudi Arabia-based ACWA Power has reportedly lodged a world record low price bid of $16.953 ($A25) a megawatt hour for a 900MW solar park in Dubai. The bid – reported by infrastructure journal IJGlobal – is one […]
Rationalise tariffs, don’t blame renewable: Power minister to Andhra govt
This is the second letter in two months by the Union ministry to the Andhra Pradesh government after the state decided to review all the renewable power projects, citing high costs R K Singh, Union minster for power and new & renewable energy, in his latest letter to the Andhra Pradesh government blamed the state’s […]