In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)’s Global action for Reconciling Economic growth and ENvironmental preservation (GREEN) operation, India’s largest power producer on Wednesday entered into a foreign currency loan agreement with the Japanese Government’s financial institution for JPY 50 billion (nearly $482 million or Rs 35.82 billion).
Category: Power & New and Renewable Energy
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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 governmentÂ’s 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 IndiaÂ’s 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 GovernmentÂ’s 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.
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Siemens Gamesa will supply 567 MW to ReNew Power
Siemens Gamesa Renewable Energy has secured a new order in India from ReNew Power, IndiaÂ’s largest renewable energy Independent Power Producer (IPP).
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NTPC issues 190 MW solar-wind hybrid tender
IndiaÂ’s largest power generation company NTPC, that successfully auctioned 1.2 GW of capacity in its first wind energy tender recently, is now making its mark in the solar-wind hybrid.
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Ludhiana to get CNG by year-end
Ludhiana will get the facility of Compressed Natural Gas (CNG) by the end of the year for industrial, residential and vehicular use
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Importance of Mega Projects
In order to consolidate and accommodate this mass migration, the Government of India has undertaken several initiatives which have given a way to the mega projects, nucleated around the development of industrial clusters, connectivity and increasing India's exports.