The Indian Energy Exchange (IEX) traded electricity volume of 6743 million units (MU) in October, witnessing a significant 76 per cent YoY increase.
Category: Power & New and Renewable Energy
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NTPC Increases Fly Ash Supplies to Cement Manufacturers
NTPC Ltd has started collaborating with cement manufacturers around the country to supply fly ash. The move is part of Indiaâs largest power producerâs endeavour to achieve 100 per cent utilisation of the by-product produced during power generation.
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Tata Power Completes Sale of Defense Biz to Tata Advanced Systems
The Tata Power Company Ltd has announced the completion of the sale of its defence business on Oct 31 to Tata Advanced Systems Ltd, a wholly-owned subsidiary of Tata Sons Pvt. Ltd.
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Pradhan Invites Global Majors to Participate in Indiaâs Multi-Pathway Energy Transition
Union Minister of Petroleum and Natural Gas & Steel, Dharmendra Pradhan has said the unprecedented obstruction caused by the COVID-19 pandemic to the global economic progress had led the country to evaluate the robustness of its energy sector.
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NTPC Enters JPY 50 Billion Loan Agreement with JBIC
In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)âs Global action for Reconciling Economic growth and ENvironmental preservation (GREEN) operation, Indiaâs largest power producer on Wednesday entered into a foreign currency loan agreement with the Japanese Governmentâs financial institution for JPY 50 billion (nearly $482 million or Rs 35.82 billion).
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Vikram Solar commissions 200 MW solar project for APGENCO
Vikram Solar has commissioned a 200 MW solar power project for Andhra Pradesh Power Generation Corporation (APGENCO) that will power nearly 150,000 homes once connected to the grid.
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Indian governmentĂâs Rs 344 bn bonanza for solar sector
The Government of India has approved the launch of KUSUM (Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme, to promote the use of solar powered agriculture pumps by farmers and installation of small renewable power plants (500 KW to 2 MW) by farmers/cooperatives/panchayats on their lands, with a funding support of Rs 344.22 billion.
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Government sanctions Rs 118 bn for IndiaĂâs rooftop solar mission
The government has approved phase-II of rooftop solar programme with a funding outlay of Rs 118.14 billion for achieving the 40 GW rooftop solar capacity target by FY2022.
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ReNew Power secures additional $350 million OPIC debt funding
ReNew Power, has secured fresh debt financing of up to $350 million from the Overseas Private Investment Corporation (OPIC), the US GovernmentĂâs development finance institution.
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MP implements innovative rooftop solar program (26 MWp) through RESCO route
After the success of the 750MW Rewa Ultra Mega Solar project in Rewa, the Madhya Pradesh government is now aiming to create a new model for success in rooftop solar energy generation.