In 2018-19, the PSU major signalled intentions of abandoning coal-based projects amounting to 9.3 Gw in Andhra Pradesh, West Bengal and Odisha The country’s sagging growth in new capacity additions in coal-fired power seemed to have rubbed on state controlled NTPC Ltd, the largest power generator. Between 2012-13 and 2015-16, the country had added as […]
Kona Electric pricing, Ford charging software, Karma recall, EV racing: Today’s Car News
Prices have gone up on the new 2019 Hyundai Kona Electric. Ford revealed new software and testing to determine optimal locations for public chargers. Karma gets hit with an airbag recall for original 2012 Fisker Karmas. And our in our latest Twitter poll results, our readers change their minds about electric racing. All this and […]
Renewable energy sector attracts FDI worth $7.48 billion since April 2000
Globally, India is the third largest solar market and has the fourth highest installed wind power capacity According to a report by the India Brand Equity Foundation (IBEF), the country’s renewable energy sector attracted foreign direct investments (FDI) worth $7.48 billion between April 2000 and December 2018. The IBEF report pegs new investments in clean […]
MP govt invites bids for 25 MW rooftop solar projects
Madhya Pradesh government Tuesday said it has invited bids for 25 MegaWatt (MW) rooftop solar projects for industrial units in the state. The tenders have been invited by state-owned Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) and the last day to submit financial bids is May 10, 2019. “Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) […]
Waaree Energies to enhance solar PV capacity
Relieved from safeguard duty on solar imports from China and Malaysia, domestic solar PV makers are planning to enhance capacity. Country’s largest solar PV maker, Waaree Energies Ltd said it will increase its solar PV capacity to 2000MW from 1500MW, Waaree Sr VP Nitin Kapadnis said Tuesday. The company has its own manufacturing facility in […]
Polycab India IPO fully subscribed
Receives bids for 3.41 crore shares The initial public offer (IPO) of Polycab India received bids for 3.41 crore shares today, 6 April 2019, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 1.94 times. The issue opened for subscription on 5 April 2019 and closes […]
MNRE conceptualises net-zero energy complex for new HQ
In a bid to achieve sustainable living standards, the Ministry of New and Renewable Energy (MNRE) has conceptualised a “net-zero energy complex” for its new headquarters. The Akshay Urja Bhawan will be located in Lutyens Delhi, right opposite the premises which the ministry presently occupies in the CGO Complex here. Designed by city-based Edifice Consultants […]
Thermal power ends FY19 on a glum note, only 29% of target achieved
Although 7266.15 Mw in fresh thermal power capacity was supposed to be added, only 2129.75 Mw was actually added The domestic thermal power sector hit many speed bumps in FY19 and managed to achieve just 29 per cent of the envisaged target. Although 7266.15 Mw in fresh thermal power capacity was supposed to be added, […]
PFS partners USICEF for financing solar projects
Infrastructure finance company PFS has joined hands with the US-India Clean Energy Finance (USICEF) to leverage funds for solar projects in India. It is an innovative facility which presents PFS with an opportunity to finance and deploy high-impact development projects which can contribute in achieving India’s distributed energy target of 40 GW by 2022, PFS […]
GE appoints Prashant Jain to lead GE Steam Power in South Asia
GE on Friday announced appointment of Prashant Jain to lead the global conglomerate’s steam power business in South Asia. Prashant will officially assume the role of Regional General Manager GE Steam Power South Asia and Managing Director GE Power India on April 17, 2019, a company statement said. He joins GE from Siemens where he […]