Power

EV for designing transport infra, says study   Electric vehicle (EV) market has the potential to grow significantly in the coming years as sales are expected to witness high double digit growth rates annually in India till 2020, noted a...

FY2019 revenue seen at US$143-$151M Solar-based Azure Power Global Ltd is expecting to put into operation 1,300–1,400 MW in fiscal year ending March 2019, up 30-55% year on year. For current fiscal year, it expects to 905–1,000 MWs to be...

Rs.100 crore sanctioned for solar projects Source: Azure Power.   The Ministry of New and Renewable Energy has approved/sanctioned 60 Cities including 13 Pilot and 5 Model Cities up to 12th Five-year Plan period. More than Rs.100 crore funds sanctioned...

Benefits for rural, social and infra sectors It is not surprising that the Union Budget FY19 has turned out to be populous, said Dr. Arun Singh, Lead Economist, Dun & Bradstreet - India. "The Union Budget FY19 has given more...

IREDA sanctions first loan for MP projects Solar plant in Kerala. The World Bank has worked out a proposal to channelize US$100 million for creating common infrastructure for ultra-mega solar parks in India. The work has been done with Ministry...

Incentives include lower tariff of Rs.4.97 kWh Azure Power (NYSE: AZRE) has won a 11.35 megawatts (MWs) solar rooftop power project covering 152 schools and six states - Uttar Pradesh, Madhya Pradesh, Rajasthan, Karnataka, Chhattisgarh and Kerala. Azure Power will...

Technology for modernizing India’s power system AES India, a subsidiary of The AES Corporation (NYSE:AES), and Mitsubishi Corporation have started construction of India’s first utility-scale energy storage system, a 10 megawatt (MW) solution. Distribution Limited (Tata Power-DDL). AES and Mitsubishi...

Developing countries need green technolog, says Modi The Prime Minister,  Narendra Modi delivering his keynote speech, at the plenary session of the World Economic Forum, in Davos on 23 Jan 2018. India is continuing with its campaign on green energy...

Banks expected to make higher provisions Asset reconstruction companies (ARCs) are expected to be a part of the multi-platform business model with co-investors/large funds to bring in capital for stressed sectors such as power, according to a study. Since the...

The company commissions 250MW unit in Bihar BHEL plant in Hyderabad.   Bharat Heavy Electricals Limited (BHEL) has won Rs.2,800 crore order for setting up a 660MW coal-based thermal power project with supercritical parameters in Maharashtra. The project will be...