Monthly Archives: March 2018


India’s solar manufacturers facing a ‘make or buy’ dilemma ANI | Updated: Mar 17, 2018 19:50 IST

New Delhi [India], Mar.17 (ANI): The energy sector in India has always been a topic for discussion and debate among experts, observers, analysts, industry players and magnates, besides others. India has been keen for some time to assume a leadership role in creating alternate sources of energy to meet its immediate needs in the sector, and also to be [...]

By | 2018-03-18T10:04:29+00:00 March 18th, 2018|News|0 Comments

Mahindra Renewables announces financial closure for 250 Mw MP solar project

The project is expected to commence commercial operations by December 2018 and is part of the 750 Mw Rewa solar park. Mahindra sourced the debt of the project to the extent of INR 750 crore from Yes Bank and Rs 200 crores were raised from other financial institutions. New Delhi: Mahindra Renewables, a wholly-owned subsidiary of [...]

By | 2018-03-18T04:36:13+00:00 March 18th, 2018|News|0 Comments

Jindal India Thermal Power lenders consortium looks to offload 51 percent stake

Led by Punjab National Bank (PNB), a consortium of lenders to Jindal India Thermal Power (JITPL) is looking to offload 51% stake in the company, a document seeking bids showed. This is the second attempt by lenders after a similar effort in August last year. The consortium of lenders has appointed SBI Capital Markets to [...]

By | 2018-03-18T04:03:11+00:00 March 18th, 2018|News|0 Comments

India tweaks $1 billion line of credit plan for solar power boost in Africa

The move for specific solar projects comes at a time when China is striving to emerge as partner for much of the developing world. New Delhi: India has announced specific solar energy projects in parts of Africa in consultation with local governments and is seeking to ensure effective implementation of its Line of Credit of $1billion offered at a [...]

By | 2018-03-17T12:46:19+00:00 March 17th, 2018|News|0 Comments

Bikramgarh Jheel to get Kolkata’s first floating solar power plant

KOLKATA: The Kolkata Municipal Corporation (KMC) and the state power department is planning to set up a 300KW floating solar power plant on Bikramgarh Jheel, located behind South City Mall. This will be the first floating solar power plant in the city proper. According to an agreement, solar power to be produced from the project will be sold to [...]

By | 2018-03-17T11:36:39+00:00 March 17th, 2018|News|0 Comments

Power minister assures companies to take up new RBI norms with Finance Ministry

CEOs of 25 power companies met RK Singh and top officials from the power, rail and coal ministries at a meeting here. NEW DELHI: Power minister R K Singh has assured private power companies that the ministry will take up the issue of new NPA norms with the finance ministry and the Reserve Bank of India, sources said.  CEOs of 25 power [...]

By | 2018-03-17T02:47:21+00:00 March 17th, 2018|News|0 Comments

Bid rule update on cards to let solar companies pass on duty changes

The Centre is set to amend the bidding rules to allow the pass-through of duty hike in solar energy programme after the recommendation of 70 percent safeguard duty on solar cells. "The duty structure prevailing at the time of bidding will apply. Any change in taxes and duties would be passed through. Current bidding document provides for passing through [...]

By | 2018-03-16T07:50:50+00:00 March 16th, 2018|News|0 Comments

India needs a smart strategy to outdo Chinese domination and become global leader in solar energy

The formation of the International Solar Alliance (ISA) is one of the most significant environmental events in decades, even if, as of now, 32 countries have ratified it and another 30 joined up. Gurugram has been chosen to house it given India has one of the most ambitious solar power generation programmes worldwide and that [...]

By | 2018-03-16T05:05:48+00:00 March 16th, 2018|News|0 Comments

World’s biggest battery in Australia to trump Musk’s

British billionaire businessman Sanjeev Gupta will built the world's biggest battery in South Australia, officials said Friday, overtaking US star entrepreneur Elon Musk's project in the same state last year. The 120MW/140MWh battery storage facility will support a new solar farm at the Whyalla Steelworks, which was taken over by Gupta's GFG Alliance when it [...]

By | 2018-03-16T03:13:00+00:00 March 16th, 2018|News|0 Comments

Biggest Solar Power Plant setup under Solar Park scheme

Prime Minister Narendra Modi and French President Emmanuel Macron inaugurated Uttar Pradesh's biggest solar power plant of 75 MW (101DC) capacity in Mirzapur on March 12. The Biggest Solar Power Plant in Uttar Pradesh has been set up through the transparent auction under the Solar Park scheme of New and Renewable Energy Ministry. Viability Gap [...]

By | 2018-03-15T09:12:28+00:00 March 15th, 2018|News|0 Comments
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