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Here’s why Elon Musk’s iconic Tesla might just work in India

According to reports, when I heard that Elon Musk’s Tesla was likely to come to India this summer, my first response was that this is not going to work. Okay, that’s not exactly true. My first response was a very happy ‘this cannot be true!’ jig. My second more sobering thought was ‘but this is not going to work’. I have since changed my mind about all of that. The reasons for why Tesla doesn’t really work in an Indian ... Read More »

Dark side of the shift to renewables

According to reports, harnessing renewable energy and protecting the environment are welcome intentions. But, how far can we push the agenda, and how fast? The stress is showing in terms of low capacity utilisation in thermal power, made worse by the demand slump. Prime Minister Narendra Modi had fixed a lofty goal of reaching 175GW renewable energy (RE) capacity by 2022. This includes a five-fold rise in the National Solar Mission target to 100GW capacity in 2022. This is a ... Read More »

Rural Electrification Corp provides Rs 6,890 crore assistance to Tamil Nadu

According to reports, State-run Rural Electrification Corp (REC) has given Rs 6,890 crore financial assistance to Tamil Nadu for implementation of power sector related works. “Loan agreements were signed between REC Ltd and TANGEDCO, TANTRANSCO for financial assistance of Rs 6,890 crore on January 28, 2017 in Chennai for implementation of 1×800 MW super critical thermal power plant at North Chennai, renovation and modernisation of TANGEDCO’s existing thermal power plants and establishment of new 765 KV, 400 KV sub-stations in and ... Read More »

Towards the next Milestone

According to reports,  the Indian renewable energy industry seems to have kicked off the new year on a positive note, with the announcement of an ₹850-crore investment by IFC, the PE arm of the World Bank, in Hero Future Energies, a company floated by the promoters of the Hero group. IFC pumped in $125 million for an undisclosed equity stake, making the investment a statement of investor confidence in the Indian clean energy sector at a time when the industry ... Read More »

More talk, less work on Smart City project today: Azim Premji

According to reports, over the last few years, Azim Premji, chairman of Wipro has increased focus on education and environment. The Wipro Earthian award, which was launched in 2011 and engages with nearly 50000 institutes today, recognises sustainability education across various schools and colleges in India. Premji interacted with students on Saturday to share his views. Edited excerpts: We see very rapid changes in today’s time. Do you expect the momentum to continue? There are changes in society, businesses, global ... Read More »

Renewables: the future is here

According to reports,  we are on the cusp of a green energy revolution. Solar power is already cheaper than coal in most parts of the world and it’s likely to be the cheapest form of energy everywhere by the end of the decade. 2016 saw solar bids starting with $64 (around Rs4,300) per MWh in Rajasthan in the first quarter and crashing to $29.10 per MWh in Chile by August. Services in the city of Las Vegas are now powered ... Read More »

Gamesa set to bag 100 MW solar order

According to reports, wind turbine manufacturer Gamesa is all set to bag a contract for building a 100 MW solar power plant for Neyveli Lignite Corporation. Gamesa has emerged the lowest bidder in 500 MW NLC tender. Gamesa has quoted a price for 100 MW. Bidders for the other 400 MW will be asked to match Gamesa’s prices, failing which Gamesa’s contract could be for a higher capacity, NLC’s Chairman and Managing Director, SK Acharya, told BusinessLine . “This is ... Read More »

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