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Daily Archives: July 7, 2015

India seeks $2 bn from World Bank, ADB for rooftop solar projects

According to reports, the government of India is in talks with the World Bank and the Asian Development Bank seeking $2 billion (₹13,000 crore) of funds. The funds would be used to provide cheaper loans for rooftop solar projects, Upendra Tripathy, Secretary, Ministry of New and Renewable Energy, said at Delhi today. The funds would be used to provide interest subvention to banks – banks would provide cheap loans and would be reimbursed for their sacrifice of interest from the ... Read More »

Soft Bank plans big for Andhra Pradesh, to set up solar panel unit

According to reports, SoftBank has on Tuesday indicated its interest to set up a solar panel manufacturing unit in Andhra Pradesh while making big investments in the renewable energy sector. On the second day of Andhra Pradesh Chief Minister N Chandrababu Naidu’s tour of Japan, SoftBank, Mizuho Bank, METI and several other Japanese banking institutions and organisations made commitments to be part of AP development plans. METI indicated its interest to pick up equity in capital development plan, according to ... Read More »

India starts work on green power corridors

According to reports, faced with an ambitious green energy target of 175,000 megawatts (MW) by 2022, India has started work to set up transmission corridors to supply green power across the national grid. State-owned Power Grid Corp. of India Ltd (PGCIL) plans to construct transmission links for 10,000MW solar capacity that may involve an investment of about Rs.9,000 crore. Of the total 100,000MW solar power capacity planned, 20,000MW will come from solar parks and 40,000MW each from roof-top and distributed ... Read More »

Power Grid clears Rs 2,247 cr for Green Energy Corridor project

According to reports, state-owned Power Grid Corporation of India (PGCIL) today said its board has approved a Rs 2,247.37 crore investment plan for the third part of the inter-state electricity transmission project. In a BSE filing, the company said: “The Board of Directors of the company at its meeting held on July 2, 2015, has accorded investment approval for Green Energy Corridors: Inter-State Transmission Scheme (ISTS) Part-C at an estimated cost of Rs 2,247.37 crore, with commissioning schedule of 36 ... Read More »

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