The Hyderabad-headquartered Konaseema Gas Power Ltd has announced a sale under liquidation of its 445 MW combined cycle power plant located in the East Godavari District of Andhra Pradesh.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to leave the policy repo rate unchanged at 4 per cent. At the same time, the marginal standing facility and bank rate also remained unchanged at 4.25 per cent, while the reverse repo rate too remained unchanged at 3.35 per cent.

The big elephant in the room affecting the future of roof-top solar in India is and has been government policy. Frequent changes in state government policy have made things difficult for both consumers and developers. By ANIMESH DAMANI

In the months to come, India can undoubtedly pick a few lessons from China and with appropriate improvisations lead the way to making policy changes that bring in a radical change in the ease of doing business as well as supplying its domestic needs and international demands. By DR. POORNIMA ADVANI

The data platform for improving the performance of solar energy assets, Prescinto Technologies has announced that Radiance Renewables, a developer of cost-efficient renewable energy solutions for commercial, industrial and residential customers, will be it as its primary monitoring and performance analytics software partner.

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the continuation and revamping of the scheme for financial support to public-private partnerships (PPPs) in the infrastructure viability gap funding (VGF) Scheme till 2024-25 with a total outlay of Rs 81 billion.

The infrastructure engineering software company, Bentley Systems Inc. has announced the establishment of Bentley iTwin Ventures to invest in promising technology companies addressing the emerging opportunity for infrastructure digital twin solutions for roadways, railways, waterways, bridges, utilities, industrial facilities and other infrastructure assets.

Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi has said states will garner a total revenue of Rs 66.56 bn annually from the success of the nation’s first-ever commercial mining auction.

One of the leading global players in engineering and industrial software, AVEVA has announced that it will be extending its long-standing strategic collaboration with Microsoft to focus on accelerating digital transformation in the industrial sector.