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MNRE, World Bank review progress of solar parks

According to reports, the Ministry of New and Renewable Energy and the World Bank have reviewed the progress of the Andhra Pradesh Government plan to set up 2500 mw capacity solar parks in the State. During the meeting, Tarun Kapoor, Joint Secretary, MNRE and representatives of the World Bank and State Energy Department officials participated. The State Government had signed up with the Power Ministry and MNRE for setting up of the large solar power parks in Anantapur, Kadapa and ... Read More »

Surat ties up with Microsoft to achieve Smart City dream

According to reports, in what will become a feather in the cap for the diamond city – Surat, the local civic body has tied up with technology giant, Microsoft for bringing innovative and online solutions in civic services and make them more responsive, efficient and people-centric. Microsoft’s CityNext service will empower citizens in Surat with open data and digital way of accessing civic services, thereby making Surat a Smart City. Surat Municipal Corporation (SMC) and Microsoft India will jointly transform ... Read More »

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 »

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 »

Hike in power tariff will have adverse impact: Madras Chamber

According to reports, the recent 15 per cent increase in power tariff by the Tamil Nadu government would have an “adverse impact” on industries by driving up operating costs, the Madras Chamber of Commerce and Industry said today. “The Chamber believes that this move will send out wrong signals, especially at a time when Tamil Nadu is competing with other destinations in attracting new investments to the state,” the Chamber said in a statement. Noting that the Chamber was well ... Read More »

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