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30 March, 2020, 03:42 AM IST

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  • In India it has rated Lalitpur Power Generation Company Ltd’s senior secured note under the thermal power project rating criteria.

    “Given this heightened volatility, unprecedented uncertainty and extremely fluid state of affairs, projections of growth and inflation would be heavily contingent on the intensity, spread and duration of COVID-19. Precisely for these reasons, the MPC refrained from giving out specific growth and inflation numbers,” Reserve Bank of India Governor Shaktikanta Das said.

    The MNRE Secretary also accepted that the spread of coronavirus has not only disrupted the supply chain of components used in Renewable Energy projects but also has impacted the availability of workforce.

    A Metro spokesperson said that solar energy was a win-win situation for the agency. “A private operator installs the panels through Solar Energy Corporation of India (SECI), a central government undertaking. We don’t spend a penny on it," he added

    he reduction in estimates takes the FY21E PAT estimate closer to FY17/FY18.

    Pre-construction capacity halved in just the past year in India from 60.2 GW in 2018 to 29.3 GW in 2019 with another 37 GW in under-construction stage, according to the report.

    Technology captives of global organisations in India have gained prominence over the years and started developing crucial software for their parent organisations. India currently houses more than 1,200 such GICs and majority of them are focused on technology development.

    With this, the total installed capacity of Khargone Super Thermal Power Project, NTPC stands at 50355 mw and NTPC group at 58,816 mw, an official statement said.

    Vena Energy, Juniper Energy and Tata Power won 40MW, 190MW and 120MW at tariffs of Rs 2.61, Rs 2.63 and Rs 2.64 per unit, respectively in an auction conducted by Gujarat's main distribution company, Gujarat Urja Vikas Limited (GUVNL) on Wednesday for 350MW of solar capacity.

    Analysts have reduced earnings estimates of majority of construction companies by 15-40 per cent based on the cash and balance sheet strength of these companies.

    The state-owned company formerly known as Gas Authority of India is said to be carrying out due diligence on solar power plants owned by ACME Solar. It is yet to discuss financial terms with ACME’s shareholders. The state-run player could pick up anywhere between 49-74% stake in ACME Solar holdings if discussions progress towards a deal, according to the sources.

    Tata Power on Thursday said it has expanded its rooftop solar service to 90 cities across the country.

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