REC Ltd, which finances and promotes power projects across India, has been gearing up for a big shift by focusing on renewable energy and other green projects. With the shift in priorities towards renewable energy, raising funds for renewables has become easier in the domestic and global market, says Vijay Kumar Singh, Director (Projects), REC Ltd....
Tag: generation
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Merchant Power Market to Burgeon Over FY18-FY20
The short-term power market is up for an eventful journey in FY18-FY20, says India Ratings and Research (Ind-Ra). However, the market is inhibited by impediments such as transmission constraints, opaque processes on open access within most states and steep cross-subsidy charges. A power supply-demand mismatch and a hiatus in long-term power purchase by states provide immense opportunities to the merchant market.
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Essar Power’s generation up 49percent in 2016-17
Essar Power has delivered a strong operational performance in 2016-17, with its power generation moving up 49 per cent. Apart from generating more power, the company added 165 megawatt (MW) capacity to its portfolio by commissioning one unit each at its Paradip and Hazira plants. The generation increased 57 per cent year-on-year in the quarter ended March 31, 2017.
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Tata Power´s non-fossil operating capacity climbs to 3,060 MW
Tata Power, India´s largest integrated power company, has announced that the company´s total generation from non-fossil operating capacity stands at 3,060 MW, making it the largest renewable energy company in India.
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Kudankulam Power Plant Unit 2 touches 870MW generation
Unit 2 of the Kudankulam Nuclear Power Plant reached a new power generation high on January 13. The unit began to generate 870 MW of its full capacity of 1,000 MW.
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Direct subsidy for rooftop solar in AP
The Eastern Power Distribution Company of AP Limited (EPDCL) is planning to generate and export solar power to the grid in order to promote generation of solar rooftop energy.
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India´s renewable energy potential is vast and untapped
India has 275 GW of installed electricity generating capacity which is significantly higher than 140 GW of peak demand of electricity across the country. The energy generated through coal alone is higher than its peak demand. Despite the installed capacity exceeding power demand, some parts of the country face acute power shortages and more than 300 million people in India are still without access to power.
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Clearing the Tax Clutter
India has a unique indirect tax landscape for the infrastructure sector. While the sector enjoys a plethora of concessions and exemptions, the very nature of the contracting structure is troubled with a large amount of complexities, more so on the EPC contracting side.
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Gen-next mining solutions
As the Indian economy continues to grow from strength to strength, significant investments are being made to improve the much needed infrastructure of the construction and the mining industries, that are not far behind, with a high demand for fuel efficient and high productivity tippers.
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Smart Cities Workshop | Revenue Generation and Procurement Agenda
How do you unleash innovation in your city? How can you benefit from innovation in other cities? Cities that can enable vibrant business ecosystems and find the best ways of serving their citizens will succeed in digital transformation.