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China’s State Grid Corp Acquires Stake in Brazil’s CPFL Energia

China's State Grid Corp Acquires Stake in Brazil's CPFL Energia

Recession in Brazil invites Chinese investment worth USD 1.8 billion as the State Grid Corp buys major stakes in CPFL Energia. September 6, 2016 In a deal worth USD 1.8 billion, State Grid Corp of China has acquired a considerable... (Continue reading)

AMSC Partners With Nexans to Sell Its REGs

AMSC Partners With Nexans to Sell Its REGs

Nexans announced to market and sell AMSC’s Resilient Electric Grid (REG) system in the U.S. and Canada. September 1, 2016 A global energy solutions provider AMSC partners with Nexans to jointly develop and deliver the projects to existing and potential... (Continue reading)

Chinese Multinational to Acquire 66.4 Percent Shares of Karachi Electric Corporation

In a deal worth USD 1.6 billion Shanghai Electric is set to do the biggest private-sector acquisition in Karachi’s history. September 2, 2016 As a part of USD 46 billion project, China revealed that it will link its western Xinjiang... (Continue reading)

E-Bidding Portal Launched by Centre for Power Sector Contracts

E-Bidding Portal Launched by Centre for Power Sector Contracts

The power ministry and a state-run auctioneer MSTC launched e-bidding platform to determine the lowest bidder for the projects reversing the present manual auction. August 17, 2016 For interstate power transmission projects, the Central Govt. will invite bids from both... (Continue reading)

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)

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