Panchabuta-Renewable Energy & Cleantech in India
Finance
Welspun set to complete MP solar plant a year ahead of schedule
According to reports, Welspun Energy will complete its 130 MW solar photovoltaic project in Madhya Pradesh this August, close to a year earlier than originally scheduled, Vineet Mittal, Co-Founder and Managing Director, told Business Line recently. Welspun Energy won last year the right to put up the plant and sell the power to Madhya Pradesh’s state-owned … Continue reading
Sharing the burden of going green
According to reports, the Centre must make richer, more developed States take up the responsibility for switching to renewable energy and reducing the country’s dependence on coal If there are two words that describe India’s current energy scenario, they will be: inefficient and starving. Power cuts are back with a bang and the country’s apex electricity … Continue reading
Mytrah Energy gets funding offers for India acquisitions
Mytrah Energy has received conditional offers for the debt financing of its proposed acquisition of 59.75 MW of existing operational wind power assets in Tamil Nadu and Maharashtra. “This acquisition remains subject to regulatory approval and formal documentation and the Company looks forward to providing further updates in due course,” Mytrah said in a statement. … Continue reading
Suzlon in Talks to Repay Investors After Dollar Bond Default
According to reports, Suzlon Energy Ltd., the world’s fifth-biggest wind-turbine maker, is in talks to repay investors after defaulting on $209 million of U.S. dollar-denominated convertible bonds in October, according to two people familiar with the matter. The company, the subject of India’s biggest convertible debt default, may issue notes denominated in the U.S. currency to … Continue reading
Power transmission losses dip during 2011-12
According to reports, power transmission losses, which had continued to rise under the DMK regime and peaked at 9.82 per cent in 2009-10, reduced during 2011-12, after the AIADMK led by J Jayalalithaa took over the reins of the government. These are among the inferences contained in the report of the Comptroller and Auditor General (CAG), … Continue reading
India-Germany green energy pact nears closure
According to reports, with an assistance of €1 billion from Germany, India will develop green corridors fto link power generated from renewable sources like wind and solar energy into the national grid. Power minister Jyotiraditya Scindia held detailed discussions during his two-day visit to Berlin earlier this week for enabling India set up green energy corridors … Continue reading
