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Daily Archives: June 20, 2017

Chinese firms inks deal with Adani, to invest $300 million in Gujarat

According to reports, India’s Adani Group inked a deal with East Hope Group, one of China’s largest companies, which will invest over $300 million to set up a manufacturing unit for solar power generation equipment in Gujarat. “The MoU signed between the two leading companies from India and China proposes to set up manufacturing units in Mundra SEZ, Gujarat to produce solar power generation equipment, chemicals, aluminum and animal feed, and to put in place East Hope Group’s engineering and ... Read More »

‘Over the next decade solar cost will come down by 60 per cent’

According to reports, as the Director-General of the Abu Dhabi-headquartered International Renewable Energy Agency (IRENA) since its inception in 2011, Adnan Z Amin, is an authority on renewable energy economics. BusinessLine grabbed the Kenyan economist for a chat on the sidelines of the 8th Clean Energy Ministerial, Beijing, that took place on June 8. A keen observer of India’s tryst with renewable energy, Amin makes certain oblique references to the re-opening of power purchase agreements in India after they are ... Read More »

Rama Steel Tubes may gain after installing solar project

According to reports, Rama Steel Tubes announced that it has installed solar project at Khopoli facility, Maharashtra. This solar project will be generating 1100 MWh / Year of energy, same amount of energy needed to power the installed and upcoming capacities. The announcement was made after market hours yesterday, 19 June 2017. The solar project has a capacity of 750 KWp and will generate the same amount of energy needed to power the current as well as the planned upcoming ... Read More »

Why India’s smart grid infrastructure is integral for power sector

According to reports, globally, the digital revolution has increased need for electricity with greater reliability and better quality than is typically delivered through conventional power distribution systems. As more manufacturing processes and service industries become dependent on digital services, the requirement for high security, quality, reliability, and availability of an electric power supply will only go up. India’s existing infrastructure has been designed for large conventional sources of energy that involves manual intervention and oversight. However, with the government’s thrust ... Read More »

Indian Energy Exchange files IPO papers with Sebi

According to reports, Indian Energy Exchange (IEX) Ltd has filed draft papers with capital markets regulator Sebi to float an initial public offering (IPO). The IPO will see sale of 6,065,009 equity shares by existing shareholders including Tata Power Company Ltd, Aditya Birla Group’s private equity arm , Madison India Capital and Renuka Ramnath-led Multiples Alternate Asset Management Pvt Ltd. Besides, AF Holdings, Kiran Vyapar Ltd, Golden Oak (Mauritius) Ltd and IEX’s former chief executive Jayant Deo would offload shares ... Read More »

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