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Adani Group Aims To Become World's Largest Solar Power Company By 2025: Gautam Adani

By : Sustainability ..., Jan 23, 2020

Adani Group chairman Gautam Adani said on Wednesday that his company's main goal is to become the world's largest solar power company by 2025 and largest renewable power company by 2030. "Given our goal to become the world's largest solar power company by 2025 and the world's...

Maharashtra: MSEDCL ups its price to woo solar power makers

By : Sustainability ..., Jan 20, 2020

In view of the poor response to its tender for buying 1,350MW solar power, state discom MSEDCL has increased the maximum price to attract producers. The company had floated tenders for buying 1,350MW with a cap of Rs3.15 per unit but got bids for only 5MW. Now it has...

Two schemes floated to revive stranded gas-based power units

By : Sustainability ..., Jan 8, 2020

The power ministry has finalised two schemes to procure 4,000 MW from gas-based power plants to rescue stranded units put up at a cost of about Rs 1,00,000 crore. The schemes include procuring 2,000 MW from gas-based plants through auction and bundling it with an equal...

Subject Tags: Clean Energy , power plant , reverse auction , solar power

Telangana: Roadmap on 138 EV charging stations in a week

By : Sustainability ..., Jan 8, 2020

With the Central government approving 138 electric vehicle (EV) charging stations for the State, the Telangana State Renewable Energy Development Corporation Ltd (TSREDCO) has begun formulating procedures for the selection and execution of setting up these stations. The...

Railway gives push to green energy projects

By : Sustainability ..., Jan 2, 2020

The Railways is accelerating its efforts to install and use renewable energy as part of its objective to reduce carbon footprint and reduce its power costs. It aims to source about 1,000 MW of solar power and about 200 MW of wind power by 2021-22. Currently, it consumes 200...

SBI Chairman identifies solar, city gas, oil as bright spots for funding

By : Sustainability ..., Dec 23, 2019

SBI Chairman Rajnish Kumar on Saturday stressed that there is an adequate availability of funds with the banking system but he does not find enough projects where investment is being sought. "Our first indication is that we are the largest financier of projects, we have a...

Subject Tags: Climate Finance , economic growth , FICCI , NPA , solar power

Adani to sell 25.1% in Mumbai power distribution biz to Qatar Investment Authority

By : Sustainability ..., Dec 12, 2019

Adani Transmission Ltd on Wednesday said it will sell 25.1% stake in its arm Adani Electricity Mumbai Ltd (AEML) to Qatar Investment Authority for around ₹3,200 crore. "Adani Transmission Ltd (ATL), Adani Electricity Mumbai Ltd (AEML) and a subsidiary of Qatar Investment...

Subject Tags: Adani , Qatar , solar power , solar stakes , wind power

UP: PCL to buy 200 MW solar power

By : Sustainability ..., Dec 11, 2019

The UP Electricity Regulatory Commission (UPERC) on Monday approved procurement of 200 MW solar power by UPPCL from Solar Energy Corporation of India (SECI). The tariff for it will be Rs 2.89 per unit, including a trading margin of Rs 0.07 per unit. The trading margin is like...

COP 25: India calls for speedier expansion of international solar alliance

By : Sustainability ..., Dec 10, 2019

More countries should join the International Solar Alliance (ISA) to reduce dependence on fossil fuels to meet growing energy requirements, Union Environment Minister Prakash Javadekar said in Madrid on Monday. Speaking at a ministerial plenary on the sidelines of the 25th...

Tamil Nadu: 3 railways stations go solar, shun thermal power during day

By : Sustainability ..., Dec 2, 2019

Electricity supply between 10am to 5.30pm to three major railway stations in the western region, Erode, Coimbatore and Salem, is provided by solar power, a renewable source of energy. These three stations do not use coal or thermal power during the day and depend on TANGEDCO...