Category Archives: Power
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Mundra Solar eyes to become $1 bn company in 2-3 years
Posted on April 23, 2018 by Diligentia News in Power.Mundra Solar PV, the solar photovoltaic manufacturing arm of diversified Adani Group, looks to become a $1 billion company over the next 2-3 years, a top company official said. The company is also hoping to scale up its manufacturing capacity of modules and cells from the current 1,200 MW to around 3,000 MW in the […]
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Government on target: All villages to get electricity by month-end
Posted on April 20, 2018 by Diligentia News in Power.The government is set to meet its ambitious target of providing electricity to all villages by the end of April. Of the 18,452 villages targeted to be electrified in 1,000 days from August 15, 2015, 58 are left and the government expects to complete the task before April 30. Another 1,100 villages that were later […]
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Rajasthan aims 3,780 MW solar capacity by April next
Posted on April 19, 2018 by Diligentia News in Power.With 20 projects of 1,500 MW capacity in pipeline, Rajasthan is targeting to increase its solar power generation to 3,780 MW by April next year in order to achieve the goal of 7,000 MW clean energy capacity in the next four years. “The current solar power generation is contributing 10 per cent to the total […]
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Hero Future Energies sets up country’s first hybrid renewable power plant
Posted on April 19, 2018 by Diligentia News in Power.Hero Future Energies has commissioned the country’s first large-scale hybrid renewable energy project — a combination of sun and wind power — in Karnataka’s Raichur district. The company has added a 28.8 MW solar project to an existing 50 MW wind project set up two years ago. A hybrid project has several advantages over a […]
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Flouting norms led to higher bad loans of REC, PFC: CAG
Posted on August 11, 2017 by Diligentia News in Power.Government auditor CAG today slammed state-owned REC and PFC for not following internal guidelines and RBI rules in sanctioning loans to independent power producers that led to surge in bad loans. “REC and PFC did not conduct appropriate due diligence during credit appraisal and in the process assumed higher risks on the loan accounts,” the […]
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After Uttar Pradesh, Jharkhand manages to renegotiate solar tariffs
Posted on August 9, 2017 by Diligentia News in Power.Solar power developers who won the mega auction of 1,200 MW of projects in Jharkhand 16 months ago have agreed to reduce tariffs, which will help them sign power purchase agreements. Jharkhand is the second state after Uttar Pradesh to renegotiate solar tariffs arrived at through an auction. But while UP went back on signed […]
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GST implementation may hit solar capacity addition in 2018: Report
Posted on August 8, 2017 by Diligentia News in Power.India has already installed more solar capacity in the first six months of 2017 than in the entire 2016, according to a report by Mercom Capital Group, which tracks the Indian solar sector. Around 4,800 MW has already been commissioned in calendar year 2017, against 4,038 MW in 2016. The report expected an addition of […]
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Haryana waives wheeling charges on power generated from solar plants
Posted on August 8, 2017 by Diligentia News in Power.The Haryana government has waived intra-state wheeling charges, cross subsidy charges, transmission and distribution charges on the electricity generated from solar power plants in the state. Any investor, who installs a solar power plant at any place in the state, can sell this power to any private entity within the state at mutually agreed tariff […]
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Tough time for coastal power companies on higher Indonesian coal prices
Posted on August 8, 2017 by Diligentia News in Power.Costal power plants will have a higher fuel bill in August as prices of Indonesian steam coal have risen 44% to a seven-month high. International coal prices have risen 6.4% since June as China cut production and increased import. S&P Global Platts said US export prices of premium coal increased from $68 a tonne in […]
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Jets’ Sheldon Richardson likes Marcus Mariota
Posted on August 6, 2017 by Diligentia News in Power.Titans quarterback Marcus Mariota is enjoying a productive rookie year, And justifying Tennessee drafting him second overall. Though the Titans are 3 9, Including 3 7 in games he played, Mariota has 19 touchdown passes and nine interceptions. He ranks 12th in the NFL with 95.1 quarterback rating. Over his past five games, He has […]
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