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.
Tag: Renewable Energy
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ReNew Power awards 50 MW turnkey wind project
ReNew Power, a renewable energy company, has placed a 50 MW turnkey project order to Gamesa. The order will be likely be commissioned by March 2017. Gamesa will supply 25 units of G114 - 2.0MW T106 turbines which will be set up at Amba, Madhya Pradesh.
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Coal India finds no takers for imported supplies
Minister of State for Coal, Power, Renewable Energy and Mines Piyush Goyal has said that no thermal power plant/coal company has approached CIL (Coal India Ltd) for supply of imported coal for 2016-17.
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GST may be disruptive for the next two-three years for certain sectors
In general, our view is that GST is going to bring in a lot of efficiencies as far as logistics goes and logistics also has a direct bearing on the cost of some of these raw materials which are going to be core to the development of any infrastructure project.
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Railway stations turn to solar energy
In order to reduce dependence on fossil fuels, the Ministry of Railways has planned to harness 1,000 MW of solar power through developer mode by putting up solar plants on railway buildings/stations and through land-based plants across the country.
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EESL signs MoU with TERI
Energy Efficiency Services Limited (EESL) has entered into a strategic partnership with The Energy and Resources Institute (TERI) for two years. The MoU was signed between the two parties in the presence of Union Minister of State (IC) Power, Coal and New & Renewable Energy, Piyush Goyal.
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L&T Infa Debt Fund to raise up to Rs.2,750 crore via bonds
With more leeway to fund projects and tax exemptions, L&T Infra Debt Fund (IDF), L&T Finance group's infrastructure refinancing arm, plans to raise up to Rs.2,750 crore through debentures.
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Use green finance for cleaner coal
The Economic Survey 2015-16 has warned against a system of green financing in India that focuses solely on renewable energy and instead also wants investments in greening of coal power.
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Govt may surpass solar projects target in FY16
The government is confident of receiving bids for 3,000 MW of solar projects this financial year against the set target of 2,000 MW.
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Transmission is levelling the playing field
One has to look back a few years for proper perspective. Once power generation was de-licensed after The Electricity Act 2003, there was a boom in the sector. People started coming into power generation in a big way, both coal-based and coastal.