The projects, which will be spread across states of Gujarat and Rajasthan, are part of efforts to expand India's renewable capacity and reduce the share of fossil fuels in its energy mix. The plan was discussed at a meeting in Gujarat last week.
IL&FS said that it has completed the sale of its wind energy assets to Orix Corporation of Japan for Rs 4,900 crore, helping the debt ridden company to resolve its debt of over Rs 4,300 crore.
The AP government stopped procuring renewable energy and, by extension, did not provide LCs to to renewable energy companies. A Power Ministry order directed them to do so before October 15, which has been delayed by 3 weeks by the HC while they review the case.
In a breather for successful bidders, Andhra Pradesh power regulator has approved solar power tariffs arrived at in the auction. State discoms had delayed adopting the tariffs until approved meanwhile others have started construction.
Lenders of the fraud hit CG Power plan an easier moratorium on repayment of loans and are also considering whether the company needs emergency funding, the banks have appointed SBI Capital Markets to prepare a resolution plan for the same.
In its endeavour to offer technology-led lighting solutions to consumers, Syska has been launching innovative products under its LED lighting category
The operationalisation of these units has enabled NTPC to add 1,320 MW capacity to national grid.
"Commitments shall be honoured and investors should not have any concern," Sitharaman said at the India Energy Forum of CERAWeek.
India must expand its coal production from 600 mn tonnes to a 1 bn tonnes per year to meet basic needs.
Power minister says we need to give certainty of payments to power companies.
Customers can now recharge their pre-paid meters online through e-wallets like Paytm and PhonePe and through the BSES mobile app and website, the discom said in a statement.
Several states in India have released policies for promoting local adoption of EVs.
Singh said the country needs to give certainty of payments to power companies and contracts to attract investments.
The minister said that attracting investments is one of the major challenges that is being faced by the sector.
The New and Renewable Energy Ministry on Thursday denounced a Crisil report that stated the ministry may miss the renewable energy target by 42 per cent.
The joint venture IntelliSmart will operate by leveraging the expertise and capital of both the shareholders.
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