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India to Emerge as a Hot Spot for Cheap, Sustainable Solar Energy: KPMG

India to Emerge as a Hot Spot for Cheap, Sustainable Solar Energy: KPMG

KPMG expects solar power to disrupt the traditional power generation ecosystem as early as 2017 November 16, 2015 The government’s renewable energy mission is set for a big lift as prices for solar energy are set to fall. KPMG expects... (Continue reading)

Tata Power Signs MoU with Russia for Energy Investment

The company has an installed generation capacity of 8669 MW in India December 25, 2015 Tata Power, on December 24, signed a memorandum of understanding with ministry of development of Russian Far East, Government of Russian Federation, to explore and... (Continue reading)

Mytrah Energy Eyes USD 185 Million Equity Finance For Solar Power Projects

The company is looking to secure enough funds to achieve financial closure for 380 MW worth of solar power projects over the next 6 to 8 months November 16th, 2015 Positive regulatory and economic environment is helping Indian renewable energy... (Continue reading)

Andhra Pradesh to Receive Rs 4,000 Cr Assistance from World Bank for Power Infrastructure

Andhra Pradesh to Receive Rs 4,000 Cr Assistance from World Bank for Power Infrastructure

The Centre is also extending support for infrastructure development in power sector for both rural and urban areas November 23, 2015 The World Bank has given an in-principle approval for providing nearly Rs 4,000-crore financial assistance to Andhra Pradesh for... (Continue reading)

Westinghouse Assigned the Contract to Build 6 Nuclear Power Plants in Gujarat

Westinghouse Assigned the Contract to Build 6 Nuclear Power Plants in Gujarat

This is a part of a USD 150 billion nuclear power program December 24, 2015 India has signed a contract with the US-based Westinghouse Electric Co. LLC to build six nuclear reactors, reported Reuters. This is a part of a... (Continue reading)

BHEL’s Highest Ever Capacity Addition in Power Sector

Projects aggregating to 2,270 MW have been synchronised by BHEL during the period January 15, 2016 Bharat Heavy Electricals Limited (BHEL) has commissioned various utility power projects leading to a capacity addition of 5,010 MW in the first three quarters... (Continue reading)

PTC India Inks MoU with Solar Energy Corporation of India for Solar Power Trading

PTC India Inks MoU with Solar Energy Corporation of India for Solar Power Trading

The contract will be valid for 25 years from the time these units start generating commercially October 13, 2015 PTC India Limited has signed a memorandum of understanding with Solar Energy Corporation of India for sale and purchase of power... (Continue reading)

India to Get EUR 1bn from Germany for Solar Developments

India to Get EUR 1bn from Germany for Solar Developments

Over the last two years, Germany has committed EUR 1.15 billion as part of its Green Energy Corridors partnership with India October 6, 2015 Germany has pledged to lend some EUR 1 billion (USD 1.12bn) to India for the development... (Continue reading)

Renewable Energy to be the Largest Growth Component of Power Generation Over 5 Yrs: IEA

Renewable Energy to be the Largest Growth Component of Power Generation Over 5 Yrs: IEA

The Indian government recently raised the target for renewable energy sources to 175 GW (giga watt) by 2022 October 3, 2015 Renewable energy will represent the largest single source of growth in power generation over the next five years on... (Continue reading)

Gamesa Plans 100 MW of Solar Power in India

Gamesa Plans 100 MW of Solar Power in India

It commissioned its first 9 MW solar photovoltaic (PV) power project in the southern Indian state of Tamil Nadu November 22, 2015 Gamesa has chosen one of the fastest-growing markets in the world to stage its comeback in the solar... (Continue reading)

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