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Monthly Archives: February 2017

Govt released Rs 509 crore for grid connected, small solar plans as on Jan 31: Piyush Goyal

According to reports, an amount of Rs 600 crore has been allocated for projects under Grid Connected Rooftop and Small Solar Power Plants Programme and Rs 508.84 crore has been released as on Jan 31, Piyush Goyal, power, coal, mines, renewable energy and mines minister today said in a written reply Lok Sabha. As per the figures given by the government, Tamil Nadu has been approved to set up the highest capacity of 312 Megawatt followed by Maharashtra at 100 ... Read More »

Madhya Pradesh set to pip Rajasthan in cheapest solar energy

According to reports,  India’s cheapest solar power below Rs 3.59 per unit will be produced at the biggest solar power plant of the world in Rewa. So far the cheapest tariff for solar power is Rs 4.34/unit, which is being generated at NTPC’s Bhadla Solar Park in Rajasthan. Auction for developing 750MW megawatt Solar Power Plant, comprising three units of 250 megawatt being developed in Rewa district, will be held on Thursday. And the plant is likely to be commissioned ... Read More »

India Plans Web Monitoring to Make Retailers Buy Clean Energy

According to reports, India plans to open a website to monitor whether state-owned power retailers comply with their obligations to buy renewable energy, a step toward ensuring a healthy market for clean energy amid Prime Minister Narendra Modi’s push to build 175 gigawatts of green capacity by 2022. The compliance website is being designed by India’s electricity regulator, the Central Electricity Regulatory Commission, said a commission official who requested anonymity because he’s not authorized to speak with the media. The website ... Read More »

World’s largest solar power project in MP set for aggressive bidding round today

According to reports, solar power tariff is set to witness another round of an aggressive bidding war by leading domestic and global firms on Thursday when the world’s largest solar power plant coming up in Madhya Pradesh goes for the second round of auction. Three units of 250 mega watt (MW) each in the project at Rewa district will go under the hammer in a reverse auction starting with a tariff of Rs3.59, Rs3.62 and Rs3.64 a unit, respectively, for ... Read More »

Renewables to overtake India’s oil output in 2035: BP Energy Outlook

According to reports, India’s demand for green energy is expected to grow by seven times in 2035, according to the latest BP Energy Outlook released on Wednesday. Accordingly, the share of renewable energy in the country’s fuel mix will increase from the present level of 2% to 8% in 2035. However, the green surge will be inadequate to meet India’s growing need for energy with the country’s demand growth expected to be more than double the non-OECD countries’ average of ... Read More »

RBI faces dilemma on masala bonds over Goldman-backed ReNew Power issue

According to reports, Goldman Sachs Group Inc. is forcing the Reserve Bank of India (RBI) to make a choice. The central bank will have to decide whether to let the masala bond market die slowly or gain new life in a different form than was envisaged when it allowed Indian companies to raise debt in rupees overseas. ReNew Power Ventures Private Ltd, majority owned by Goldman, sold $475 million of five-year bonds at 6% using a structure that sidesteps RBI ... Read More »

Rural Electrification Corp provides Rs 6,890 crore assistance to Tamil Nadu

According to reports, State-run Rural Electrification Corp (REC) has given Rs 6,890 crore financial assistance to Tamil Nadu for implementation of power sector related works. “Loan agreements were signed between REC Ltd and TANGEDCO, TANTRANSCO for financial assistance of Rs 6,890 crore on January 28, 2017 in Chennai for implementation of 1×800 MW super critical thermal power plant at North Chennai, renovation and modernisation of TANGEDCO’s existing thermal power plants and establishment of new 765 KV, 400 KV sub-stations in and ... Read More »

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