Through an infrastructure investment trust (InvIT), ACME Solar Holdings plans on raising up to Rs 30 billion amid a prolonged delay in a planned initial share sale. The company is currently in discussions with potential bankers.
Category: Power & New and Renewable Energy
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ENGIE agrees joint venture for wind power in India
In order to set up a platform for wind projects in India, ENGIE has partnered with STOA in a 50:50 joint venture. With a total capacity of 2 GW within the next five years, the project will involve both, onshore and offshore wind installations.
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Gujarat to sign MoU with Colorado
During the upcoming Vibrant Gujarat Summit (VGS), the Gujarat Government and USAÂ’s Colorado province will be signing a Memorandum of Understanding (MoU) where the two parties will establish solar parks.
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JSPL to set up Odisha’s first private industrial park at Angul
Adjacent to its 6 million tonne steel plant at Angul, Jindal Steel and Power (JSPL) will be setting up OdishaÂ’s first private industrial park.
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Perkins unveils a new electronic engine for Indian power generation
4006 electronic engine was added to the globally known Perkins 4000 Series range. Build on the core of Perkins 4000 Series engines, the new 6-cylinder, 23 litre 4006 electronic engine is rated at 750 kVA prime.
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KEC International bags orders of Rs 10.1 billion
KEC International has bagged new orders of Rs 10.1 billion across its transmission and distribution, cables, civil and solar businesses. KECÂ’s transmission and distribution business has secured a turnkey order of Rs 4,910 million across India, the Middle East and the US.
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GujaratÂ’s textile sector demands low electricity tariff
Just like Maharashtra, the power loom sector is demanding for the electricity tariff to be brought down. While Maharashtra is paying less than 3.50 per unit for electricity, the power loom sector has been shedding Rs 7.30 per unit.
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Tata Power loses water resource to Bhima basin
The state governmentÂ’s decision of diverting water from Tata PowerÂ’s hydropower station in Pune district towards the Bhima basin will make the power generator water deficient.
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Tamil Nadu to face power deficit after three years
Tamil Nadu ended the year with a deficit of 167 million units as opposed to the CEA report in 2017-2018 that stated the state will have a power surplus to the extent of 8,663 million units.
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IndiaÂ’s first ISTS connected wind power project commissioned
Solar Energy Corporation of India (SECI) conducted IndiaÂ’s first auction of wind power projects in February 2017 of Rs 3.46 tariff in accordance to the governmentÂ’s plan of 175 GW RE within 2022.