Monthly Archives: August 2018

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Lowest Tariff of 2.79 cents/kWh Quoted in Egypt’s 200 MW Solar Auction

The lowest tariff was quoted by Fotowatio Renewable Ventures The Egyptian Electricity Transmission Company (EETC) has announced the financial bids for the construction of a 200 MW solar power plant in Kom Ombo, according to the Daily News Egypt. EETC opened the bid presented by five companies and alliances and Abdul Latif Jameel Energy’s Fotowatio Renewable [...]

By | 2018-08-14T04:54:54+00:00 August 14th, 2018|News|Comments Off on Lowest Tariff of 2.79 cents/kWh Quoted in Egypt’s 200 MW Solar Auction

Finance Ministry defers safeguard duty on solar cells in view of court order

Last month, India had imposed safeguard duty on solar cells imports from China and Malaysia for two years to protect domestic players from steep rise in inbound shipments. The duty was imposed following recommendations by the Directorate General of Trade Remedies (DGTR) under the commerce ministry The finance ministry today said that safeguard duty will [...]

By | 2018-08-14T03:34:30+00:00 August 14th, 2018|News|Comments Off on Finance Ministry defers safeguard duty on solar cells in view of court order

SDMC proposes to issue municipal bonds worth Rs 500 cr for 10 yrs

New Delhi, Aug 13 (PTI) The South Delhi Municipal Corporation has set the ball rolling for the issuance of municipal bonds worth Rs 500 crore, seeking to fund two important projects, officials said today. The Standing Committee of the SDMC cleared the proposal after which it now awaits nod from the House.  "Once the House [...]

By | 2018-08-14T03:27:31+00:00 August 14th, 2018|News|Comments Off on SDMC proposes to issue municipal bonds worth Rs 500 cr for 10 yrs

KKR to buy control of REEL for $530 million, one of India’s biggest buyouts

HONG KONG (Reuters) - Private equity firm KKR & Co said it will acquire a 60 percent stake in India’s Ramky Enviro Engineers Ltd (REEL) for $530 million, adding it was one of India’s largest buyouts. KKR will buy the stake via a combination of primary and secondary investments, in a deal that gives the [...]

By | 2018-08-13T09:41:00+00:00 August 13th, 2018|News|Comments Off on KKR to buy control of REEL for $530 million, one of India’s biggest buyouts

Preference for state utilities led to power sector stress: RBI

  The Reserve Bank of India (RBI) has said that stress in the power sector has been caused by state-run utilities being favored at the expense of private ones amid an escalating row with the government over the central bank’s February 12 circular that tightens loan default rules. A government official said the RBI’s response [...]

By | 2018-08-13T08:40:00+00:00 August 13th, 2018|News|Comments Off on Preference for state utilities led to power sector stress: RBI

Power struggle: Discoms dues to gencos rise 30 percent, unpaid dues to 23 power producers stand at INR 44,195 Crore

  While the government, Reserve Bank of India and the judiciary are grappling with the issue of stressed power projects worth Rs 2.5 lakh crore, the electricity distribution companies (discoms) are adding to the latter’s woes. Discoms’ unpaid dues to 23 power producers stood at Rs 44,195 crore at May-end, up 30% from the level [...]

By | 2018-08-13T08:38:02+00:00 August 13th, 2018|News|Comments Off on Power struggle: Discoms dues to gencos rise 30 percent, unpaid dues to 23 power producers stand at INR 44,195 Crore

After infra and power, renewable energy firms new stress points for banks

  The Indian banking system, which is already struggling with large non-performing assets (NPAs) from the infrastructure and power sector, is likely to see further additions in 2018. There is more stress in the making, with fresh defaults seen from 26 companies holding debt worth Rs 148 billion since January 2018. Most of these companies [...]

By | 2018-08-13T08:32:36+00:00 August 13th, 2018|News|Comments Off on After infra and power, renewable energy firms new stress points for banks

India may not reach 100GW solar power target by 2022: Crisil report

  India will not be able to achieve its ambitious target of generating 100GW solar power by 2022, ratings agency Crisil said. In a report, Crisil’s industry research arm said that in the best-case scenario, the country will touch 78-80 GW, against the current capacity of 21.65 GW. Crisil expects an additional 56-58GW of solar capacity [...]

By | 2018-08-13T08:28:57+00:00 August 13th, 2018|News|Comments Off on India may not reach 100GW solar power target by 2022: Crisil report

Adani Green Energy Q1 net loss widens to Rs 74 crore

The company had reported a net loss of Rs 17 crore in the same quarter of previous year, a regulatory filing said.  Adani Green Energy today reported widening of net loss to Rs 74.26 crore for the June quarter, 2018-19. The company had reported a net loss of Rs 17 crore in the same quarter of [...]

By | 2018-08-12T07:06:37+00:00 August 12th, 2018|News|Comments Off on Adani Green Energy Q1 net loss widens to Rs 74 crore

Solar rooftop project for Nashik Municipal Corporation to begin soon

The rooftop solar equipment will be installed in 16 NMC buildings on a pilot basis by a private agency. New Delhi: The work of installing solar panels for all buildings of Nashik Municipal Corporation under the Smart City Scheme will begin in a few days. Tender for solar panels have been approved. The letter of award has been issued to [...]

By | 2018-08-10T09:29:41+00:00 August 10th, 2018|News|Comments Off on Solar rooftop project for Nashik Municipal Corporation to begin soon
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