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    MNRE, World Bank review progress of solar parks

    According to reports, the Ministry of New and Renewable Energy and the World Bank have reviewed the progress of the Andhra Pradesh Government plan to set up 2500 mw capacity solar parks in the State. During the meeting, Tarun Kapoor, Joint Secretary, MNRE and representatives of the World Bank and State Energy Department officials participated. The State Government had signed up with the Power Ministry and MNRE for setting up of the large solar power parks in Anantapur, Kadapa and ... Read More »

    Surat ties up with Microsoft to achieve Smart City dream

    According to reports, in what will become a feather in the cap for the diamond city – Surat, the local civic body has tied up with technology giant, Microsoft for bringing innovative and online solutions in civic services and make them more responsive, efficient and people-centric. Microsoft’s CityNext service will empower citizens in Surat with open data and digital way of accessing civic services, thereby making Surat a Smart City. Surat Municipal Corporation (SMC) and Microsoft India will jointly transform ... Read More »

    Policy frameworks can help or hinder India’s tech revolution

    According to reports, Prime Minister Narendra Modi’s flagship Digital India initiative, announced in August 2014, aims to make Internet-based infrastructure and services a widespread utility for all citizens. Recent research from McKinsey Global Institute focuses on 12 disruptive, but also potentially empowering, technologies that could imply dramatic change in how India functions. Together, MGI estimates, they can have an economic impact of $550 billion to $1 trillion per year by 2025, driving 20% to 30% of India’s incremental economic growth ... Read More »

    Tamil Nadu gets Rs 587 crore loan from German bank

    According to reports, German development bank KfW has sanctioned a loan of 76 million euros (587crore) to the Tamil Nadu government for setting up inter-state transmission lines. This is part of the green energy corridors project under Indo-German bilateral development cooperation. The project in the power sector aims to create transmission infrastructure in the renewable energy potential rich states and facilitate evacuation of renewable energy into the national grid. The agreement was signed in New Delhi on Wednesday. On the ... Read More »

    India Power Lines to Get $1.2 Billion German Revamp With KfW

    According to reports, German state-owned bank KfW Group will spend 1 billion euros ($1.2 billion) to refurbish India’s electricity network for carrying more renewable energy from sources such as solar and wind. KfW agreed to loan Power Grid Corp of India Ltd. 500 million euros to build new power lines and signed deals with India’s government for two loans totaling 125 million euros for grid projects in Rajasthan and Tamil Nadu, it said today in an e-mailed statement. The deals ... Read More »

    Simpa Networks raises $4 million commercial debt financing for rural India solar solutions

    Simpa, which sells solar-as-a-service to energy-poor households and micro-enterprises in rural India, today announced that it has completed a $4 million debt financing round. The financing has been provided by Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and by GDF Suez through their Rassembleurs d’Energies program. An estimated 400 million people in rural India still do not have access to an electricity grid. Distributed solar-powered electricity systems are dramatically improving the quality of life for energy-poor ... Read More »

    SunEdison signs PPA for 150 MW solar farm in Karnataka

    According to reports, the Karnataka Government today signed power purchase agreement with leading solar developer and technology provider,Sun Edison to produce and purchase 150 MW of solar power. The Agreement was signed by BESCOM and HESCOM distribution companies of Karnataka with Sri Pashupathy Gopalan, president Asia pacific, Sun Edison in the presence of Energy minister D K Shivkumar. Sun Edison had won 150 MW allocation from Karnataka Renewable Energy Development Limited (KREDL). The 150 MW is the highest allocation made ... Read More »

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