Category: Power & New and Renewable Energy

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Smart grid and solar leverages VC funding

Smart grid and solar leverages VC funding

While VC funding in smart grid jumped to $185 million globally in the first quarter of 2015, the solar sector drew the maximum attraction with $6.4 billion funding in the same period. What´s more, there was a record growth in residential and commercial solar funds to the tune of $1.9 billion.

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Setting up of green energy projects

Setting up of green energy projects

In order to provide low cost finance to renewable energy projects, Government announced its commitment in the Budget for 2013-14 to provide funds from the NCEF to Indian Renewable Energy Development Agency (IREDA) to on-lend to viable renewable energy projects.

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Govt invokes Electricity Act

Govt invokes Electricity Act

The Union Ministry of Power has told the Central Electricity Regulatory Commission (CERC) to ensure the rates for power produced from auctioned coal blocks won by power producers do not exceed what was concluded in power purchase agreements (PPAs).

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Bangladesh to import 500 MW power from India

Bangladesh to import 500 MW power from India

The Executive Committee of the National Economic Council (ECNEC), chaired by Prime Minister Sheikh Hasina, has cleared the 55 km line from Bherhamara to Indias Baharampur at an estimated Tk 14.05 billion. Besides this, she also gave her permission for the project for erection of line from Indias Tripura to Comilla