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Daily Archives: March 15, 2017

Sembcorp Says India Payment Delays Raising Developer Costs

According to reports, Sembcorp Industries Ltd. said recurring payment delays by Indian electricity retailers are piling on costs to operators and are bad for the renewable power business it wants to build. Payment delays risk “affecting development of the sector,” Sembcorp India Chief Executive Officer Vipul Tuli said in an interview in New Delhi. The local unit of the Singaporean conglomerate, which last month won an auction to supply wind power in India, already has $4 billion of energy assets ... Read More »

Inox Wind looks to sell its stake in new project

According to reports,  Inox Wind Infrastructure Services Ltd., one of the four winners of the first wind power auction held in October, is already looking to sell a stake in the 250 MW project it was awarded, people familiar with the development said. Several buyers have shown interest, with ReNew Power, which lost out in the auction, close to clinching a deal. Neither ReNew Power nor Inox Wind was willing to comment on the matter. Inox won the bid quoting ... Read More »

NTPC installs India’s largest floating solar PV plant

According to reports, State-run NTPC on Friday said it has installed India’s largest floating solar photovoltaic (PV) plant at Rajiv Gandhi Combined Cycle Power Plant (RGCCPP) at Kayamkulam in Kerala. “A 100 kWp (kilowatt peak) floating solar PV plant, the largest of its kind in India as on date, indigenously developed as a part of ‘Make In India’ initiative, was inaugurated by A K Jha, Director (Technical) NTPC in presence of V B Fadnavis, RED (SR), R K Srivastava, ED (NETRA) ... Read More »

McNally Bharat bags Rs. 415-cr solar power project in AP

According to reports, McNally Bharat Engineering Company Ltd has bagged a Rs. 415.29-crore order from Andhra Pradesh Power Generation Corporation Ltd. The project entails design, engineering, manufacturing, supply, commissioning and operation and maintenance of 500-MW grid connected solar photo voltaic power project including civil works in Andhra Pradesh, the company informed the BSE. Read More »

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