Category Archives: Power

• Shell sees rising investment in renewables

  Posted on July 11, 2017 by Diligentia News in Power.

  Royal Dutch Shell will be spending up to $1 billion a year by 2020 on projects within its new energies division, Chief Executive Ben van Beurden told an industry conference on Monday. Shell set up the division to focus on renewable energy and new technologies to help lower carbon emissions. “Shell is determined to find […]

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• China tops in renewable energy production: BP Statistical Review of World Energy

  Posted on July 11, 2017 by Diligentia News in Power.

  China surpassed the US as the top producer of renewable energy in 2016, according to the latest BP Statistical Review of World Energy released on Monday. Renewable power, excluding hydro power, in the world grew by 14.1 per cent in 2016, the biggest increment on record, Xinhua news agency cited the report as saying. Although […]

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• UP nudges solar companies to cut power tariff on older pacts

  Posted on July 10, 2017 by Diligentia News in Power.

  Following a steep fall in solar tariffs in the last two years, Uttar Pradesh is pressuring solar power project developers to cut rates of electricity agreed upon in earlier contracts even though the pacts were signed when equipment prices were high. Winners of an auction conducted in September 2015 have been urged to voluntarily lower […]

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• Renewable energy boost: 4 Indian solar, wind power firms plan to raise $2.5 billion in offshore bonds

  Posted on July 6, 2017 by Diligentia News in Power.

  Four Indian renewable power producers are planning to raise up to $2.5 billion via dollar bonds offshore because of caution among domestic lenders, banking sources said. In addition to the four solar and wind power firms, a fifth company that invests in renewable projects, Adani Group, has raised $250 million via a loan but has […]

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• Power utilities can save up to Rs 20,000 crore through improved scheduling: Piyush Goyal

  Posted on July 5, 2017 by Diligentia News in Power.

  Power, coal, renewable energy and mines minister Piyush Goyal today launched an app that provides information on availability of cheaper electricity to state power utilities allowing improved scheduling and optimum utilization of coal. The app named Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency (MERIT) can help distribution utilities achieve savings of […]

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• Hindustan Powerprojects, Lanco in dispute over bank guarantees

  Posted on July 5, 2017 by Diligentia News in Power.

  Hindustan Powerprojects has begun to invoke Rs. 500 crore bank guarantees of Lanco Infratech, citing non-fulfilment of a work contract, triggering abitter row between the companies. Lanco, which is already facing the heat from lenders, has written to nine banks urging them not to allow encashment of bank guarantees it had submitted as the contractor […]

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• Discoms save Rs 12,000 crore interest outgo after states take over debt

  Posted on July 5, 2017 by Diligentia News in Power.

  Power distribution companies have saved Rs. 12,000 crore interest outgo after states took over their debt as part of the Centre’s Ujwal Discom Assurance Yojna (UDAY), the Union power ministry has said. Governments of 16 states have taken around Rs.2.08 lakh crore debt of the distribution companies as per terms of UDAY agreements. These loans […]

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• Waste-to-energy plant will be a new problem for Gurgaon, say greens and RWAs

  Posted on July 5, 2017 by Diligentia News in Power.

  Environmentalists and members of the civil society have declared their opposition to the state government’s decision of installing a waste-to-energy plant in Bandhwari, saying the model is unsuited to Indian cities. According to environmentalists, the system’s major drawback is that it is a centralised one, which discourages the practice of segregation at source. The Union […]

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• NTPC bets $10 billion on coal power despite surplus, green concerns

  Posted on July 5, 2017 by Diligentia News in Power.

  India’s state-run power utility plans to invest $10 billion in new coal-fired power stations over the next five years despite the electricity regulator’s assessment that thermal plants now under construction will be able to meet demand until 2027. In the first phase, India’s biggest power producer, NTPC , plans to build three new plants with […]

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• Brazil wind, solar projects stall as power demand remains sluggish

  Posted on July 5, 2017 by Diligentia News in Power.

  Brazil’s government will not award new licenses for wind and solar power generation projects, despite requests from the renewable energy sector, as power markets struggle with oversupply in a sluggish economy, a top official said. Brazil was one of the world’s fastest growing markets for the wind power sector in the first half of the […]

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