The short-term power market is up for an eventful journey in FY18-FY20, says India Ratings and Research (Ind-Ra). However, the market is inhibited by impediments such as transmission constraints, opaque processes on open access within most states and steep cross-subsidy charges. A power supply-demand mismatch and a hiatus in long-term power purchase by states provide immense opportunities to the merchant market.
Author: admin (Infratructure Today)
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UP install India’s largest battery based solar project
Consul Neowatt has received the approvals for execution of one of the largest battery based hybrid solar power projects in India totalling over 3 MW. The project will be powered by Consul NeowattĆās much acclaimed Sunbird range of hybrid solar inverters.
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Saudi Arabia’s Alfanar Group partners with Suzlon, eyes India’s RE sector
Suzlon has secured a 50.40 MW maiden order from Saudi Arabia's Alfanar Energy. Suzlon will install around 24 units of 2.1 MW, S111-90m wind turbine generator(WTG) and the project is scheduled for completion by March 2018.
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Haryana CM opens up Hero- Honda Chowk flyover for public
Manohar Lal Khattar, Chief Minister, Haryana inaugurated the flyover on Monday. With the opening of this stretch, commuters can now take a direct route route from Hero Honda Chowk without passing through the Kherki Daula Toll Plaza.
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Maharashtra begins land acquisition for Samruddhi Corridor
In a major development, the first sale deed for Nagpur Mumbai Super Communication Expressway (NMSCE) has commenced.
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CleanMax Solar Announces Equity Financing of $100 mn from Warburg Pincus
CleanMax Solar, has secured equity financing of up to $100 million from an affiliate of Warburg Pincus, a global private equity firm focused on growth investing.
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Hindustan Power acquires 15 solar projects in Japan
Hindustan Power, is set to increase its footprint in international markets to 2GW by 2022.
The company has recently acquired fifteen solar power generation projects in Japan and is poised to enter the emerging market of Bangladesh with 4 X 25 MWs solar projects at Trishal in Bangladesh.
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GVK completes stake sale in Bangalore Airport
GVK Power and Infrastructure Ltd has announced the successful completion of the sale of its residual stake of 10 per cent in Bangalore International Airport Ltd (BIAL), held through its subsidiary, Bangalore Airport Infrastructure Developers Pvt Ltd (BAIDPL) to Fairfax India Holdings Corporation for a consideration of Rs 1,290 crore.
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New power plant at West Bengal’s Haldia
India Power Corporation (Haldia) has commissioned a 450 MW (3x150 MW) thermal power plant in West Bengal paving the way for further industrialisation, socio-economic development and job creation in the state. India Power Haldia is a subsidiary of India Power Corporation Ltd.
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India’s PSU glued to Bloomberg’s foreign exchange platform
Bloomberg announced today that a growing number of India's public sector corporations are adopting Bloomberg's Foreign Exchange electronic trading platform (FXGO) for foreign exchange dealing. The corporations include Gas Authority of India Ltd (GAIL), Rural Electrification Corporation Limited (REC) and ONGC Videsh Ltd (OVL).