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    Orient Green’s Q3 consolidated loss narrows to Rs 69.52 cr

    According to reports, renewable energy-based power generation company Orient Green Power company’s consolidated loss narrowed to Rs 69.52 crore in third quarter ended December 31, 2016. Its consolidated net loss was Rs 102.48 crore in the quarter ended on December 31, 2015, Orient Green Power said in a BSE filing yesterday. According to statement, its total income from operations increased to Rs 73.11 crore in the third quarter compared to Rs 52.80 crore in the year-ago period. In a statement ... Read More »

    Suzlon reports net profit of Rs 274.34 crore in Q3 FY17

    According to reports, wturbine manufacturer Suzlon today reported a net profit of Rs 274.34 crore in December 31, 2016 quarter as against a loss of Rs 121.84 crore in the corresponding period last fiscal. Its total revenues for the October-December period stood at Rs 3,311.38 crore as against Rs 1,884.64 crore a year ago, registering a growth of 75.7 per cent. “Our Q3 FY17 performance further consolidates the growth we have achieved in the first two quarters with the volumes ... Read More »

    Solar gear manufacturing capacity still lags demand

    According to reports, domestic solar cell and module manufacturing is way behind the country’s demand for the equipment, going by data collated by the Ministry of New and Renewable Energy (MNRE) in January end. Under the National Solar Mission, the government targets achieving an indigenous manufacturing capacity of 4-5 GW by 2020. Till December 2016-end, the country’s installed solar cell manufacturing capacity stood at 2,953 MW, considerably higher than 1,468 MW installed on June 2016 end. However, this number includes ... Read More »

    Govt released Rs 509 crore for grid connected, small solar plans as on Jan 31: Piyush Goyal

    According to reports, an amount of Rs 600 crore has been allocated for projects under Grid Connected Rooftop and Small Solar Power Plants Programme and Rs 508.84 crore has been released as on Jan 31, Piyush Goyal, power, coal, mines, renewable energy and mines minister today said in a written reply Lok Sabha. As per the figures given by the government, Tamil Nadu has been approved to set up the highest capacity of 312 Megawatt followed by Maharashtra at 100 ... Read More »

    Madhya Pradesh set to pip Rajasthan in cheapest solar energy

    According to reports,  India’s cheapest solar power below Rs 3.59 per unit will be produced at the biggest solar power plant of the world in Rewa. So far the cheapest tariff for solar power is Rs 4.34/unit, which is being generated at NTPC’s Bhadla Solar Park in Rajasthan. Auction for developing 750MW megawatt Solar Power Plant, comprising three units of 250 megawatt being developed in Rewa district, will be held on Thursday. And the plant is likely to be commissioned ... Read More »

    India Plans Web Monitoring to Make Retailers Buy Clean Energy

    According to reports, India plans to open a website to monitor whether state-owned power retailers comply with their obligations to buy renewable energy, a step toward ensuring a healthy market for clean energy amid Prime Minister Narendra Modi’s push to build 175 gigawatts of green capacity by 2022. The compliance website is being designed by India’s electricity regulator, the Central Electricity Regulatory Commission, said a commission official who requested anonymity because he’s not authorized to speak with the media. The website ... Read More »

    World’s largest solar power project in MP set for aggressive bidding round today

    According to reports, solar power tariff is set to witness another round of an aggressive bidding war by leading domestic and global firms on Thursday when the world’s largest solar power plant coming up in Madhya Pradesh goes for the second round of auction. Three units of 250 mega watt (MW) each in the project at Rewa district will go under the hammer in a reverse auction starting with a tariff of Rs3.59, Rs3.62 and Rs3.64 a unit, respectively, for ... Read More »

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