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    IREDA awaits RBI nod to issue green masala bonds

    According to reports, the Indian Renewable Energy Development Agency (IREDA) is waiting for the approval of the Reserve Bank of India to issue green masala bonds having a tenure of five years to raise close to $300 million, a source said. A masala bond is a rupee-denominated bond issued in the overseas market. A green bond is used to raise money to fund green projects. The central bank recently issued a new notification stating that all proposals for issuing masala bonds ... Read More »

    CleanMax Solar bags 2.5 MW order from IPGCL

    According to reports, on-site Solar power producer CleanMax Solar today said it has bagged an order of 2.5 MW from Indraprastha Power Generation Co Ltd (IPGCL). “CleanMax Solar has been awarded a 2.5 MW contract by IPGCL who has the mandate to execute solar project on behalf of Department of Power, Delhi Government to meet their growing power demands at several institutes and prime locations around the city,” the company said in a statement. According to statement with this order, CleanMax ... Read More »

    NHPC awards 50 MW solar project order to L&T

    According to reports, State-run hydro power giant NHPC has awarded an order of Rs 287.48 crore for setting up 50 MW solar power capacities at Theni and Dindigul district of Tamil Nadu to Larson and Tubro Ltd. “An EPC contract for the development of 50 MW Solar PV grid connected project located at Theni and Dindigul district in Tamil Nadu has been awarded to Larson & Tubro, L&T Construction, Manapakkam, Chennai for an amount of Rs 287.48 crore with comprehensive ... Read More »

    Record level of wind power produced in Gujarat

    According to reports, on Tuesday, Gujarat saw its highest ever levels of power generation from wind energy, thanks to high wind velocities on its coast and steadily increasing generation capacity. Wind power generation in the state reached a record 3,460MW on June 20, 2017. The rise also come as a major relief to GUVNL, which is currently getting less from private companies under power purchase agreements (PPAs). Confirming that wind power generation touched record levels on Wednesday, Pankaj Joshi, managing ... Read More »

    GE Energy Connections is to provide 140 MW solar inverters to Solairedirect projects

    GE Energy Connections is to provide Engie subsidiary Solairedirect with 140MW of solar inverters for projects in India. The inverters will be installed at two 70MW projects, GE said. The deal also includes a 25-year service agreement. GE Energy Connections south Asia regional commercial leader for grid solutions Sujoy Ray said: “With a 400/220kV substation under execution at the same location – Bhadla in Rajasthan – the customer is confident of meeting the stiff completion schedule with available site establishment.” Read More »

    Anand Kumar replaces Rajeev Kapoor as secretary MNRE

    In a major bureaucratic reshuffle, as many as 17 officials have appointed secretaries at various ministries. New and Renewable Power secretary Rajeev Kapoor has been moved to Department of Chemicals and Petrochemicals as secretary and has been replaced by Anand Kumar, Managing Director National Highways Infrastructure Development Corporation Limited. Read More »

    TN Govt to set up solar panels atop Chennai Corpn buildings

    According to reports, Tamil Nadu goverment will set up solar panels atop Chennai Corporation buildings with the aim of tapping 88 lakh units of power potential. Municipal Administration Minister SP Velumani said an estimated 5.5 MW of power a day can be generated by installing solar panels atop these buildings. “It has been estimated that a total of 88 lakh units of power can be generated annually from solar energy,” he said. The scheme will be implemented at a cost of ... Read More »

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