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Daily Archives: June 26, 2017

Hero Future Energies eyes renewable assets of Equis energy

According to reports, Hero Future Energies, the renewable energy arm of the Pawan Munjal led Hero Group is evaluating options for its biggest bet yet in the burgeoning clean energy segment. The company backed by IFC, the private sector investment arm of the World bank is eyeing the renewable energy portfolio of Singapore based Equis Energy, sources familar with ongoing negotiations told ET NOW on the condition of anonymity. Credit Suisse & JP Morgan have the sale mandate for the proposed ... Read More »

Power Grid to spend Rs 91,000 cr in three years

According to reports, Power Grid Corporation of India (PGCIL) is placing a bet on turnaround of the distribution sector and prospective demand from states. “In intra-state transmission, Rs 1.5 lakh crore worth of work is expected. The positive impact of UDAY (the scheme for the distribution sector) and the Centre’s various reform programmes in states would kick-start investment in sub-transmission and distribution,” the government-owned company said in a presentation to its investors after the March quarter results. UDAY or Ujwal Discoms ... Read More »

Adanis set up ₹315- crore solar PV plant in UP

According to reports, the Adani Group, a global integrated infrastructure conglomerate, on Tuesday announced commissioning of a 50-megawatt solar PV plant in Mahoba district, Uttar Pradesh, under the National Solar Mission Scheme. The plant has been set up with an investment of ₹315 crore. The technology used for setting up this plant includes String Inverter Technology with crystalline silicon modules that allows miniature level control of solar power generation. The transmission line runs up to 21.5 km. The power generated ... Read More »

Renewable power to GUVNL’s rescue

According to reports, renewable energy generation, which has crossed 3,400 MW, has come as a big relief for state-run power utility Gujarat Urja Vikas Nigam Limited (GUVNL), which has been forced to buy costly gas-based power in the wake of lower supplies by top private power producers. Solar power generation has gone up to over 750 MW in the past few days, while wind power generation has been above 2,500 MW due to gusty winds. Energy expert KK Bajaj said ... Read More »

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