Budget 2015 echoes the need to foster the infrastructure ecosystem and outlines the policies and reforms which are expected to revive the growth of infrastructure which has remained tepid.
Category: Power & New and Renewable Energy
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RE-INVEST: 2,66,000 MW green energy commitments
RE-INVEST was held in New Delhi from 15th to 17th February 2015 with the primary aim of attracting large-scale, longer tenure investments in the countryĂ´s renewable energy sector. The Ministry of New and Renewable Energy organized the event with the support of the Prime MinisterĂ´s Ă´Make in IndiaĂ´ infinitive.
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Suzlon installs 350 MW wind energy projects in Brazil
The leader in wind turbine maker Suzlon Group has commissioned wind energy projects having a total capacity of 350 MW in Brazil. These projects are located in the high wind states of Rio Grande do Norte and Ceara in Brazil.
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Welspun makes Green Energy Commitment of 11,001 MW
Welspun Renewables has pledged to set up mega 11 GW solar and wind projects across the country. The 11,001 MW capacity will be developed as 8,660 MW of solar and 2,341 MW of wind power projects.
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CLP awards 100 MW MP project to Gamesa
CLP India, the largest wind power producer in India and Gamesa, a global technology leader in wind energy, have announced the signing of a turnkey project to construct a 100 MW wind farm in Chandgarh, Madhya Pradesh
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Tata Power SED to invest Rs.500 crore
Tata PowerĂ´s defence engineering unit, Tata Power Strategic Engineering Division (SED), is investing around Rs 500 crore in Vemagal, Kolar district, Karnataka. It is planning to set up a manufacturing plant dedicated to the defence sector. The new plant, which is expected to come up in 50 acres of land, will be the companyĂ´s largest manufacturing unit set-up in the country.Ă´
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Power Grid Q3 profit at Rs. 1,229 crore
Power Grid Corporation of India Limited (Power Grid) has posted a net profit of Rs 1,229 crore for the third quarter of FY 2014-15 (October-December, 2014), an increase of 18 per cent against Rs 1,042 crore reported during the corresponding quarter of last financial year.
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NTPC commits to add 10,000 MW of solar
NTPC has committed to add 10,000 MW through solar projects at RE-Invest - 2015, the first renewable energy global investment meet which was held in New Delhi. Dr Arup Roy Choudhury, CMD, NTPC, presented the certificate of commitment to Prime Minister Narendra Modi in the presence of Piyush Goyal, Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy and PK Sinha, Secretary, Power, GOI.
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Essel presents 12,000 MW Ă´Green Energy CommitmentĂ´
Essel Group, a leading business conglomerate, has presented the Green Energy Commitment Certificate to Prime Minister Narendra Modi to generate 12,000 MW of renewable energy with a planned investment of over Rs 75,000 crore over the next 5 years.
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Mytrah bags 220MW wind power project from AP
Wind energy major Mytrah Energy Ltd has announced that it has bagged a 220 MW project from the Andhra Pradesh government. The project will be installed in Kurnool district and is expected to be commissioned in 18 months, the company said.