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: Power
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Invest in infrastructure, Gadkari exhorts industry
As highway InvITs perform well and numerous digital and technology innovations push the infrastructure sector, Private sector participation in the PPP mode can push for fast-track growth of the Indian economy, says Nitin Gadkari, Minister of Road Transport and Highways in India. The dream of the Prime Minister is to make the Indian economy $5...
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Bentley Systems announces the finalists Going Digital Awards in infrastructure
The annual awards program honors the extraordinary work of Bentley software. Bentley Systems, Incorporated, the infrastructure engineering software company, announced the finalists for the 2021 Going Digital Awards in infrastructure. The annual awards program honors the extraordinary work of Bentley software users advancing infrastructure design, construction, and operations throughout the world. A 16 independent jury...
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India Takes Major Step Towards Creation of Regional Power Grid
In a major stride towards creating a robust regional power grid, the country’s largest power trading platform, the Indian Energy Exchange (IEX), has commenced the cross-border electricity trade (CBET). This maiden initiative will help energy exchanges based here progressively extend their reach beyond India’s territorial boundaries to not only countries of South Asia but also...
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UP’s largest solar project commissioned in Kanpur
Vikram Solar has announced the completion of an 85 MW solar plant project for NTPC in the district of Kanpur Nagar. The project combines Vikram Solar’s recently commissioned 140 MW project for India’s largest power utility at the same location. The resulting 225 MW cumulative capacity project becomes the largest solar project at a single...
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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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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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Coal import bill down Rs 1 trillion in four years
Due to a steady domestic production and improved quality control, India saved over Rs 1 trillion in coal import bill over the last four years.
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India needs Rs 50 trillion investments in infrastructure
For a sustainable development across the country, the infrastructure sector in India- comprising core sectors like power, roads, highways and renewable energy
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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.