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Tata Power open to acquisitions in renewable energy sector

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According to reports, Tata Power Company has set a target of commissioning at least 150 MW of wind farms and 50 MW of solar projects during the year. Rahul Shah, Chief, Business Development, India Business and Renewables, says Tata Power is keen on advocating a policy structure based on predictable tariff and faster approval that enables the growth of renewable energy in the country.In an interview with Business Line, Shah explains how the company is looking at both organic growth ... Read More »

Mytrah Energy teams up with Startup Village, Indian Angel Network, Villgro

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According to reports, Mytrah Energy, Startup Village, Indian Angel Network and Villgro have joined hands to encourage start-ups in their entrepreneurial journey and nurture entrepreneurship. While the wind energy company Mytrah has announced a seed capital to start the winner’s enterprise, Startup Village will provide support and Indian Angel Network, the key mentors’ role. Villgro will be the social enterprise and investment partner and Google Cloud platform will provide credits. In a press conference Ravi Kailas, Chairman of Mytrah Energy, ... Read More »

Goyal seeks young, dynamic IAS officer as his PS

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According to reports, Power Minister Piyush Goyal is looking for a young and dynamic IAS officer, preferably with an engineering and management background, for appointment as his private secretary. “Minister of State (Independent Charge), Power, Coal and Renewable Energy is looking to appoint a young and dynamic IAS or Group A central services officer as his private secretary. “The ideal candidate will preferably have an engineering or management background. Experience in power sector is desirable but not essential,” said a ... Read More »

Tata Power explores renewable energy opportunities

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According to reports, to expand its clean energy portfolio, Tata Power is looking for opportunities in India as well as overseas, including in the Middle East and Africa. The private power utility has an installed generation capacity of more than 8,580 MW, with around 1,170 MW coming from clean energy sources. Tata Power, Chief — Business Development, India Business & Renewables, Rahul Shah told PTI that the company was looking for opportunities in the renewable energy space, both within India ... Read More »

Poor quality imports give India a bad experience of LED lamps

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According to reports, LED technology is considered the way forward in lighting but low-cost and inferior-quality imported products are severely harming the segment, say industry players. India needs to urgently formalise product standards and boost local production to popularise the product, they say. “Customers have had a lot of bad experience because of poor Chinese imports. Industry players through ELCOMA (electric lamp and component manufacturers association) have been pushing for BIS standards for LED products. Earlier, CFLs took that route ... Read More »

Going social for a cause

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According to reports, did you think that the term ‘social’ in the lexicon of the rich only referred to balls and banquets? Meet the new breed of entrepreneurs with strong business acumen who have made their money and directed their passion into resolving social issues. Sure, many of India’s affluent try to address social problems through foundations, trusts and personal charity. But we spoke to a few individuals who are diving in and getting their hands dirty, to actively run ... Read More »

GreenKo Group raises USD 550 million in overseas bond sale

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According to reports, Hyderabad-based GreenKo Group plc, a leading independent clean energy power producer, has raised USD 550 million in a five-year overseas bond sale at a coupon rate of eight per cent at maturity. This is the largest debt sale by a domestic firm with low or sub-investment grade ratings, and the seventh such issue this fiscal. In this connection, it may be recalled that Rolta had raised USD 300 million earlier this month, while IL&FS International Transportation Network ... Read More »

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