Search

Home » Finance (page 20)

Category Archives: Finance

Mytrah Energy Wind Operations Performing Well, As Solar Unit Progresses

Indian power producer Mytrah Energy PLC said its operations are performing in line with expectations while its new solar business is progressing well. The company said its 1,000 megawatts of wind turbines in India are “performing well technically” with some “exceeding expectations”. “Overall production at portfolio level is higher in the current year compared with a year earlier, reflecting the good monsoon season across India as well as a strong asset performance and additional capacity coming into operation,” said Mytrah. ... Read More »

Microgrids – The Potential to Power India’s Future

According to reports, India is in the midst of unprecedented urbanization. While overall annual population growth has slowed to 1.2 percent, the country is set to add another 300 million residents to her urban population by the year 2050 according to the first ‘World Cities Report 2016- Urbanisation and Development: Emerging Futures’ report by UN Habitat. The government’s 100 Smart Cities initiative is a step in the right direction, addressing infrastructure needs through a combination of urban expansion and redevelopment ... Read More »

India and China Are the Key in 2017 for Global Solar Story

According to reports, the solar industry in 2016 has been defined by big, sweeping changes. China installed 20 GW of solar in the first half of the year, more than any country had ever installed, but fell flat in the second half, sending solar panel prices tumbling by 25% in a single quarter. The U.S. investment tax credit led to a boom in solar and an estimated 14.1 GW in total installations this year, but the extension also led to ... Read More »

Delays in payments by discoms in key states pose a challenge for wind energy sector: ICRA

According to reports, in ICRA’s view, continuing delays in the payments by the state-owned distribution utilities (discoms) in key states such as Maharashtra and Rajasthan pose a challenge for the wind energy sector, although some improvement has been seen lately. On the positive side, however, ICRA believes that the MNRE scheme for procurement of 1 GW through the auction route would facilitate the offtake for wind energy players. Sabyasachi Majumdar, Senior Vice President, ICRA Ratings said, “While there has been ... Read More »

Techno Electric’s second quarter wind revenue jumps 38% due to increased grid availability

According to reports, The company is also benefitting from the government’s increased focus on renewable energy. Its second quarter revenue from wind division were up 38% y-o-y—mostly because of improved grid availability in Tamil Nadu. Of its 163MW wind assets, the company plans to sell 45MW of assets for around Rs 200-250 crore. This will improve Techno Electric’s overall cash flow. The company may also use part of the sales proceeds to reward shareholders with a special dividend or buy back ... Read More »

Hulikkal launches its electric bikes in Mangaluru

According to reports, Lithium Ion battery-powered electric bicycles made foray into Mangaluru market on Saturday with Comibatore-based Hulikkal Electro India Pvt., Ltd., launching them at Hams Mart at City Central Mall on K.S. Rao Road here. While these e-bikes come in six different models, all are priced at Rs. 34,900 with extra cost for accessories, like seat cover, set of six gears, rear disk brake etc. Their standard features include front disk brakes and rear V-brakes, front and back double ... Read More »

IREDA to be part of special fund for infrastructure projects in India

According to reports, the country’s infrastructure sector, requiring investments of more than $1.5 trillion in the coming ten years, is set to get a boost with a dedicated fund of Rs.10,000 crore to provide credit enhancement for commercially viable projects. The fund — through ‘unconditional and irrevocable partial credit guarantee’ — will help enhance the credit rating of bonds issued by infrastructure firms so that they, in turn, can attract long-term investments especially from global insurance, pension and sovereign wealth ... Read More »

Scroll To Top