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PFC plans to borrow INR 7000 Crore from domestic banks to fund REC deal

  State-run PowerFinance Corp (PFC) plans to fund its acquisition of REC by borrowing Rs 7,000 crore from domestic banks, for which negotiations have begun and is likely to moderate its dividend payout as well as disbursements to loan accounts this financial year. The company is also banking on a special dividend from REC Ltd after the [...]

By | 2018-12-14T05:59:06+00:00 December 14th, 2018|News|Comments Off on PFC plans to borrow INR 7000 Crore from domestic banks to fund REC deal

PFC plans to borrow INR 7000 Crore from domestic banks to fund REC deal

  State-run PowerFinance Corp (PFC) plans to fund its acquisition of REC by borrowing Rs 7,000 crore from domestic banks, for which negotiations have begun, and is likely to moderate its dividend pay out as well as disbursements to loan accounts this financial year. The company is also banking on a special dividend from REC Ltd after [...]

By | 2018-12-14T05:57:02+00:00 December 14th, 2018|News|Comments Off on PFC plans to borrow INR 7000 Crore from domestic banks to fund REC deal

Govt drops plan to install 12 GW solar capacity through NTPC

The minister told the house that the entire capacity of 3GW Tranche-I (of the NTPC) has been awarded and the capacity of 2.75 GW has already been commissioned and remaining 0.25 GW capacity is under construction New Delhi: The government has dropped its plan to install 12 GW of solar capacity out of total 15 GW envisaged [...]

By | 2018-12-14T04:00:16+00:00 December 14th, 2018|News|Comments Off on Govt drops plan to install 12 GW solar capacity through NTPC

Govt drops plan to install 12 GW solar capacity through NTPC

The minister told the house that the entire capacity of 3GW Tranche-I (of the NTPC) has been awarded and the capacity of 2.75 GW has already been commissioned and remaining 0.25 GW capacity is under construction New Delhi: The government has dropped its plan to install 12 GW of solar capacity out of total 15 GW envisaged [...]

By | 2018-12-14T03:54:35+00:00 December 14th, 2018|News|Comments Off on Govt drops plan to install 12 GW solar capacity through NTPC

Hitachi, ABB confirm talks on potential deal on power grids

ABB is in discussions with Hitachi to expand and re-define an existing strategic power-grid partnership between the two companies that dates to 2014 Tokyo: ABB Ltd. and Hitachi Ltd. said they are in talks for a deal on power grids after the Swiss engineering giant was reported to be considering putting the division on the block [...]

By | 2018-12-13T09:37:16+00:00 December 13th, 2018|News|Comments Off on Hitachi, ABB confirm talks on potential deal on power grids

U.S. solar takes hit from Trump tariffs but is cheaper than ever -report

Dec 13 (Reuters) - U.S. solar installations fell 15 percent in the third quarter as the Trump administration’s tariffs on overseas-made panels forced developers to put off large projects, according to a report commissioned by the industry’s primary trade group. Current weakness in the utility-scale market, however, will be offset by larger volumes of projects [...]

By | 2018-12-13T09:29:43+00:00 December 13th, 2018|News|Comments Off on U.S. solar takes hit from Trump tariffs but is cheaper than ever -report

Can India take the lead on Asia’s renewable energy future?

With polluted air and a coal-hungry economy, India is using the UN climate conference to show the world it can continue rapid development without fossil fuels. But the South Asian country still runs on dirty energy.  Asian economic giants, India and China are using the global stage laid out at the UN climate conference currently [...]

By | 2018-12-13T02:44:02+00:00 December 13th, 2018|News|Comments Off on Can India take the lead on Asia’s renewable energy future?

Renewables cross one-fifth of India’s total energy capacity

Wind contributes 35 GW, solar 24 GW   With the rapid growth in capacity addition on the back of strong government push, the renewable sector now accounts for more than one-fifth of the country’s overall installed power capacity, a significant achievement in the clean energy push. As of October 30 this year, the total installed [...]

By | 2018-12-12T09:50:59+00:00 December 12th, 2018|News|Comments Off on Renewables cross one-fifth of India’s total energy capacity

Safeguard duty: Import of solar cell declines, domestic firms market shares up

  The imposition of safeguard duty on the import of solar cells — the basic ingredient needed to manufacture solar panels — is starting to show its effect. In the first six months of FY19, the country imported solar cells worth $1,038 million, 47% lower than what was imported in the corresponding period a year [...]

By | 2018-12-12T09:30:01+00:00 December 12th, 2018|News|Comments Off on Safeguard duty: Import of solar cell declines, domestic firms market shares up

Siemens to shut Texas turbines service facility, dismiss workers

HOUSTON (Reuters) - German engineering firm Siemens (SIEGn.DE) plans to dismiss about 200 workers at a gas turbines parts and components service center in Houston, Texas, next year due to weaker global demand, a company spokesman said on Tuesday. The Texas operation will close between late 2019 and 2020, according to the spokesman, who called [...]

By | 2018-12-12T09:27:07+00:00 December 12th, 2018|News|Comments Off on Siemens to shut Texas turbines service facility, dismiss workers
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