Power

The Cabinet has approved a Cooperation Agreement between India and Denmark in the field of Renewable Energy with a focus on Offshore Wind Energy.

Malaysia’s state-owned Petronas is acquiring Amplus Energy Solutions Pte Ltd which has renewable energy projects across India, the Middle East and Southeast Asia.

Mumbai-based Bajaj Energy plans to raise Rs.4,450 crore through an initial public offer to acquire 6.99 million equity shares of Lalitpur Power from subsidiaries Bajaj Power Ventures and Bajaj Hindustan Sugar.

The Vice President, M. Venkaiah Naidu, has called for the promotion of new and renewable energy in a big way, not just to ensure energy security but also protect the climate and reduce pollution.

Eros Now has entered into a partnership with Veriown to reach out to over 300 million people in rural India who are currently living in the dark deprived of electricity, entertainment and educational content.

State-owned gas company GAIL India Ltd has signed a memorandum of understanding with Bharat Heavy Electricals Ltd (BHEL) for development of solar power projects.

The Indian solar power products market is projected to grow at a CAGR of more than 11% to surpass US$7.6 billion by 2024 on the back of increasingly stringent policy and regulatory framework and rising environmental concerns.

Vice President M. Venkaiah Naidu has urged Indian scientists to step up their research in areas such as ocean energy and marine energy and help reduce dependency on imported oil and gas.

The India Diesel Genset market is projected to grow at a CAGR of 5.6% during 2019-2025, according to a report by ResearchAndMarkets.

India and the United States have committed to build six nuclear power plants in India after a day-long talks on strategic and security affairs, reported Times of India on 15 Mar 2019.