Renewable energy capacity increases by 30 percent in Surat: Report

Surat has witnessed increase in renewable energy production capacity by 30 per cent in the past 18 months. The share of wind and solar is around 90 per cent Of the 25 crore units of electricity that the city produces. Surat happens to be the only city in the country whose captive power generation meets […]

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Clean energy producers can move NCLT against discoms over dues: R K singh

Flagging non-payment of dues by power discoms to renewable energy producers, Union Power Minister R K Singh has cautioned seven states, including Maharashtra and Karnataka, that the developers could approach NCLT against the distribution companies to recover payments of around Rs 5,355 crore. Singh in a letter has urged the chief ministers of these states […]

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Debt resolution plan not dependent on a single option: Suzlon

Suzlon Energy said that its debt resolution plan is not dependent on a single option and that the company is working with its bankers to reduce its debt. The company informed stock market on Monday “We wish to clarify that Suzlon’s debt resolution and revival plan have never been dependent on any single option. We […]

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India’s energy demand to grow by 4.2%: Dharmendra Pradhan

India’s energy demand is projected to grow by 4.2 per cent through 2035, an expansion faster than all major economies of the world, Oil Minister Dharmendra Pradhan said Tuesday as he sought investments in the country’s energy chain. Speaking at the eighth Asian Ministerial Energy Roundtable in Abu Dhabi, he said the share of world’s […]

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ANGAN Conference on Energy Efficiency in Building Sector begins in New Delhi

An international conference ANGAN (Augmenting Nature by Green Affordable New-habitat) focussed on Energy Efficiency in Building Sector began here today. The Conference is being organised by the Bureau of Energy Efficiency (BEE), Ministry of Power, Government of India in collaboration with GIZ under the Indo German Technical Cooperation. Raj Pal, Economic Advisor, Ministry of Power […]

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India already achieved half of its renewable energy target: Javadekar

Union Minister for Environment, Forest and Climate Change, Prakash Javadekar on Monday said that India has already achieved half of its renewable energy production target. The government plans to achieve 175GW of renewable energy capacity by 2022 as part of its climate commitments. Reportedly, India currently has an installed renewable energy capacity of around 80 […]

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ACWA Power plans to focus more on renewable energy: CEO

The chief executive (CEO ) and president of ACWA Power- Paddy Padmanthan recently said that the company is planning to focus more on renewable energy projects, lifting their share of its portfolio to 70% over the next decade. Currently the value of the utility developer’s portfolio is more than $42 billion, with renewables accounting for […]

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Govt to roll out new power tariff policy, UDAY 2.0 for resolving discoms losses

The government is in the process of rolling out a new tariff policy and UDAY 2.0 to address the issue of losses of discoms, which is the “only difficulty” in ensuring round the clock electricity supply for all, Power Minister R K Singh said. According to the PRAAPTI portal, the total outstanding of the discoms […]

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ReNew Power raises USD 300 million selling bonds overseas

ReNew Power has reportedly raised USD 300 million by selling bonds overseas. The company will use the proceeds for capacity expansion. The sale of these bonds, with three-year maturity, opened for subscription on Thursday. According to ET the dollar-denominated securities were priced at 6.45%, the initial target rate. It is said to have obtained subscriptions […]

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Arunachal Pradesh to develop power sector with focus on clean energy

The Arunachal Pradesh government is committed to all-round development of power sector with emphasis on clean energy, Deputy Chief Minister Chowna Mein has said. Calling upon engineers of the power and hydro-power departments to work in close coordination for optimally harnessing the hydro potential of the state, the deputy chief minister said, all forms of […]

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