IFC had invested $400 million in Tata Power’s Mundra project in 2008 through debt and provided guidance on environment and social practices.
All India peak deficit of power dropped to 3% in June as against 5.1% in the corresponding period a year ago mainly on doubling of generation capacity.
The Gurgaon-based company has already installed around 700 kWh since April at certain defence establishments in Siachin and Sikkim.
Power Grid Corp is competing with private companies like Sterlite Grid and Kalpataru Power for the Rs.400-crore-Maheswaram transmission project.
Power distribution companies in Delhi can save up to Rs. 889 crore annually if they purchase cheap electricity from exchanges, said IEX.
Congestion in transmission caused loss of 3.1 billion units of electricity on Indian Energy Exchange (IEX) in 2014-15 .
Coal India is afforesting about two and a half times of forest land it conducts mining on so as to minimize impact on land and environment.
In order to manage land acquisitions, Coal India Ltd is considering a monitoring system that will track development and information related to the process at its projects.
The electronic platform is likely to be an extension of the spot sale practice of Coal India called ‘e-auction’ where all the coal mined in the country.
In November, PM Modi set a target of 100 GW of solar generation capacity by 2022, a nearly 33-fold increase from the current capacity.
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