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Policy frameworks can help or hinder India’s tech revolution

According to reports, Prime Minister Narendra Modi’s flagship Digital India initiative, announced in August 2014, aims to make Internet-based infrastructure and services a widespread utility for all citizens. Recent research from McKinsey Global Institute focuses on 12 disruptive, but also potentially empowering, technologies that could imply dramatic change in how India functions. Together, MGI estimates, they can have an economic impact of $550 billion to $1 trillion per year by 2025, driving 20% to 30% of India’s incremental economic growth ... Read More »

Tamil Nadu gets Rs 587 crore loan from German bank

According to reports, German development bank KfW has sanctioned a loan of 76 million euros (587crore) to the Tamil Nadu government for setting up inter-state transmission lines. This is part of the green energy corridors project under Indo-German bilateral development cooperation. The project in the power sector aims to create transmission infrastructure in the renewable energy potential rich states and facilitate evacuation of renewable energy into the national grid. The agreement was signed in New Delhi on Wednesday. On the ... Read More »

India Power Lines to Get $1.2 Billion German Revamp With KfW

According to reports, German state-owned bank KfW Group will spend 1 billion euros ($1.2 billion) to refurbish India’s electricity network for carrying more renewable energy from sources such as solar and wind. KfW agreed to loan Power Grid Corp of India Ltd. 500 million euros to build new power lines and signed deals with India’s government for two loans totaling 125 million euros for grid projects in Rajasthan and Tamil Nadu, it said today in an e-mailed statement. The deals ... Read More »

POSOCO to become an independent Government-owned company

According to reports, the Government has decided to set up Power System Operation Corporation (POSOCO) as an independent public sector company. POSOCO operates the National Load Despatch Centre and the Regional Load Despatch Centre which are responsible for operating the electricity market in the country. It is also the nodal agency for major reforms in the power sector such as Renewable Energy Certificate mechanism, transmission pricing, short term open access in transmission, deviation settlement mechanism and the power system development ... Read More »

Global consultancy firms step-up focus on consulting for Indian renewable energy companies

According to reports, with an increase in activity in sunrise sectors like wind and solar power in India, on the back of a strong push from the Prime Minister Narendra Modi, large consultancy firms like Accenture or Boston Consulting Group are setting sight on consulting for the renewable energy space. Global consulting firms who have had little or no presence in renewable energy consulting in India are ramping up their work after seeing growth in revenues coming in from the ... Read More »

IREDA to raise Rs 1,500 crore via tax-free bonds next fiscal

According to reports, the government’s dedicated green energy financing institution, Indian Renewable Energy Development Agency (IREDA) is planning to raise Rs 1,500 crore next fiscal through issuance of tax-free bonds in order to support the Centre’s ambitious clean energy targets running into hundreds of gigawatts. Over the next three years, the agency expects to lend Rs 14,000-16,000 crore, as much as what it has disbursed over the past 28 years of its existence, owing to the targets and the growing ... Read More »

India Green IT & sustainability spend to reach $34 billion: Gartner

According to reports, India’s spending on green IT and sustainability initiatives is expected to reach $34 billion in 2014, growing 14.1 per cent over last year, research firm Gartner said today. The spending stood at $29.2 billion in 2013, Gartner said in a statement. In its report ‘Hype Cycle for Green IT and Sustainability in India, 2014,’ analysts said Indian organisations are moving beyond corporate social responsibility as a philanthropic activity, via integration with their core business operations. Eventually, organisational ... Read More »

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