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NIIF, EESL partner for deployment of smart meters pan India

By : Sustainability ..., Oct 11, 2019

The National Investment and Infrastructure Fund (NIIF) has joined hands with Energy Efficiency Services Limited (EESL) to implement, finance and operate the smart meter roll-out programme of power distribution companies. NIIF and EESL on Thursday announced a new joint venture...

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India’s solar and wind boom is fizzling

By : Sustainability ..., Oct 11, 2019

The world’s second most populous nation has been a shimmering bright spot for solar and wind growth, driven by government policies and ambitious targets. But new projects have stalled amid increasing regulatory uncertainty as states, their financially strained electricity...

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Corporate tax cut to lead to Rs 2,500 cr power discoms savings

By : Sustainability ..., Oct 1, 2019

The Centre's recent move to lower the corporate tax rate is a positive development for the power sector as it is expected to save Rs 2500 crore a year for the state distribution companies, ratings firms Icra said on Monday.

The move would allow power generators with...

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PMO steps in to ease supply of credit for green energy firms

By : Sustainability ..., Sep 30, 2019

The Prime Minister’s Office has intervened to help ease credit supply to renewable energy firms, as the government moves to ensure that India’s efforts to emerge as a clean energy champion are not undermined by a lack of access to funds. The PMO has asked federal policy think...

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Gujarat: Vadodara leads in solar rooftop power applications

By : Sustainability ..., Sep 27, 2019

Barodians are becoming quick to embrace renewable energy. State energy minister, Saurabh Patel revealed on Thursday that Vadodara tops the list of cities in Gujarat that have registered for the rooftop solar installations recently re-launched by the Gujarat government. Since...

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PFC looks for safer bets like e - vehicles, charging infrastructure

By : Sustainability ..., Sep 18, 2019

Power Finance Corporation (PFC) is looking for new sectors to fund as it wants to hedge the risks associated with lending to the nation's ailing utilities, according to people familiar with the matter. The country's top lender to electricity projects is exploring new areas...

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CERC eases norm to issue power trading licence to NTPC

By : Sustainability ..., Jul 11, 2019

Even as NTPC does not meet the criteria, the Maharatna Central Public Sector Enterprise is financially sound with respect to liquidity for carrying out electricity trade, it added. The Central...

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Andhra Pradesh to renegotiate renewable pacts citing high rates

By : Sustainability ..., Jul 4, 2019

Andhra Pradesh will renegotiate some power purchase agreements for renewable projects to improve the finances of its electricity retailers. The state’s distribution companies, or discoms, owe...

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NTPC may set up solar power project without signing a power purchase pact

By : Sustainability ..., Jun 6, 2019

NTPC is considering setting up of a solar power project without signing a power purchase agreement (PPA) with State Discoms. A top company official said: “If solar power is really the cheapest...

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India’s Madhya Pradesh consults on 500MW of energy storage and manufacturing

By : Sustainability ..., Jun 6, 2019

Indian firm Madhya Pradesh Power Management Company (MPPMCL) has invited expressions of interest (EOI) for setting up 500MW of grid-scale energy storage capacity as well as a storage...

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