Category Archives: Power
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U.S. solar demand could drop 66 pct if trade case succeeds – Report
Posted on June 27, 2017 by Diligentia News in Power.The U.S. solar industry would see two-thirds of expected demand dry up over the next five years if a trade case aimed at propping up the domestic panel manufacturing industry is successful, a new report said on Monday. The utility-scale solar industry, which accounts for more than half of U.S. installations, would be hit hardest […]
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Relax, GST won’t impact your power bills next month
Posted on June 23, 2017 by Diligentia News in Power.Electricity tariffs will not rise after the Goods and Services Tax (GST) regime gets implemented from July 1, power, coal, renewable energy and mines minister Piyush Goyal said on Thursday. He said 75 industry associations that he met in the day had given unanimous support to the GST rollout from July 1. “We don’t foresee […]
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Haryana waives off intra-state wheeling charges to promote renewable energy
Posted on June 23, 2017 by Diligentia News in Power.With a view to promote power generation from New and Renewable energy sources, Haryana government has decided to waive off intra-state “Wheeling Charges” on transmission of electricity generated from solar power plants in the state. This was announced by chief minister Manohar Lal. Wheeling Charges refers to the process of transmission of electricity from one […]
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Finance Ministry Rejects Rs 20,000-Crore Plan For Local Solar Equipment Firms
Posted on June 23, 2017 by Diligentia News in Power.The finance ministry has rejected an ambitious Rs 20,000-crore plan to prop up local solar equipment manufacturers with incentives and subsidies to help them withstand the flood of Chinese imports, said a source close to the development. The domestic industry is concerned about rising imports of solar equipment, which rose 38 per cent to Rs […]
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Tata Power Proposes To Sell 51% Equity In Loss-Making Mundra UMPP At Re 1
Posted on June 23, 2017 by Diligentia News in Power.Tata Power has approached Gujarat Urja Vikas Nigam (GUVNL) to buy 51 per cent equity in the 4,000 Mw Mundra Ultra Mega Power Project (UMPP) for Rs 1. Adani Power and Essar Power, which also have power projects based on imported coal, are contemplating similar moves. An official said Union Power Minister Piyush Goyal met […]
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MoU Between NTPC And MOP For 2017-18
Posted on June 23, 2017 by Diligentia News in Power.Memorandum of Understanding (MoU) for the year 2017-18 between NTPC and Ministry of Power, Govt of India was signed on 20th June, 2017. As per the MOU, NTPC has generation target of 250 Billion Units during the year under “Excellent” category. Revenue target from Operations under “Excellent” category is Rs 79,280 Crore. In addition to […]
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C’garh Govt approves new Solar Energy Policy
Posted on June 22, 2017 by Diligentia News in Power.In a bid to promote production and usage of non-conventional energy in the State, Chhattisgarh Cabinet has on Tuesday approved Solar Energy Policy- 2017-2027 that will be effective till March 31, 2027. The new Solar Energy Policy- 2017-2027 was approved by the State Cabinet at its meeting chaired by Chief Minister Dr Raman Singh at […]
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IEX eyes new geographic market, strategic investments & alliances with global power exchanges
Posted on June 22, 2017 by Diligentia News in Power.The IO-bound Indian Energy Exchange (IEX), which is currently involved in the day ahead market (DAM), the term ahead market (TAM) and renewable energy certificates, has drawn up an expansion strategy. It includes entering into new geographic market, strategic investments in and alliances with international power exchanges and develop new products and services in India. […]
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Hero Future Energies eyes renewable assets of Equis energy
Posted on June 22, 2017 by Diligentia News in Power.Hero Future Energies, the renewable energy arm of the Pawan Munjal led Hero Group is evaluating options for its biggest bet yet in the burgeoning clean energy segment. The company backed by IFC, the private sector investment arm of the World bank is eyeing the renewable energy portfolio of Singapore based Equis Energy, sources familar […]
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Chinese firm inks deal with Adani, to invest $300 million in Gujarat
Posted on June 22, 2017 by Diligentia News in Power.India’s Adani Group inked a deal with East Hope Group, one of China’s largest companies, which will invest over $300 million to set up a manufacturing unit for solar power generation equipment in Gujarat. “The MoU signed between the two leading companies from India and China proposes to set up manufacturing units in Mundra SEZ, […]
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