User: sumerenergy Topic: Infra Power Energy
Category: Infra Power Energy
Last updated: Apr 23 2018 15:35 IST RSS 2.0
 
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Diu Smart City becomes first to run on 100% Renewable Energy during Daytime 23.4.2018 Govt of india: PIB
Diu Smart City has become the first city in India, that runs on 100% renewable energy during daytime setting a new benchmark for other cities to become clean and green. Diu had been importing 73% of its power from Gujarat until last year.
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Infra lending may take a back seat as RBI refuses to budge on 23.4.2018 General News
With the Reserve Bank giving no relaxation to its February 12 framework on resolution of stressed assets, banks are likely to become more cautious and risk-averse to long-term funding, especially to the infrastructure sector, say lenders. On February 12, the central bank had come out with revised framework for resolution of stressed assets. The new set of rules aim at quick reporting of defaults, coming out with resolution plans for defaulting companies and time-bound referrals of defaulting firms to the National Company Law Tribunal (NCLT). Owing to certain stringent criterion in the new framework, which includes one-day reporting of defaults, lenders have asked for some leniency but the apex bank has not granted any relaxation to its February 12 circular. "The RBI is very clear that they are not going to give any relaxation (on the February 12 framework). Now, I think banks will become very cautious and risk averse, particularly on the long-term funding in sectors ...
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Oil companies offer subsidy to dealers to install solar rooftop systems 22.4.2018 Business Standard: News Now
Dealers opting for the subsidy would be required to connect the maximum facility with the solar power system
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India calls for increase in voting rights at World Bank 22.4.2018 General News
Asserting that countries in India's constituency in the World Bank are the fastest growing block in South Asia and the world, Economic Affairs Secretary S C Garg made a case for increase in voting rights at the multilateral lending institution for faster development of the region. While the World Bank Group - IBRD, IFC, IDA, MIGA has supported the growth and development of this constituency, it will need to continue in the foreseeable future, Economic Affairs Secretary S C Garg said at 97th Meeting of the Development Committee Plenary on the sidelines of Fund Bank spring meeting here yesterday. He further said countries in India's constituency in the World Bank Bangladesh, Bhutan, India and Sri Lanka now are the highest growing block in South Asia and the world at large. It (block) will cross USD 3 trillion GDP this year. It attracts close to 100 billion dollars of FDI and Portfolio Investment and will grow around 7.5 per cent this year, he said. However, these countries have ...
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IIFCL tears into Jaypee Infra bid evaluation process, calls for fair review 22.4.2018 Latest News
India Infrastructure Finance Co Ltd has claims of about Rs 9 bn, or 10.57%, of Jaypee's total debt
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Lender tears into Jaypee Infra bid evaluation process, calls for fair review 22.4.2018 General News
A key lender to bankruptcy-hit Jaypee Infratech has ripped apart the bid evaluation process followed by the resolution professional conducting the auction of the firm, saying it has "serious deficiencies and shortcomings." India Infrastructure Finance Co Ltd (IIFCL), which has claims of about Rs 900 crore or 10.57 per cent of Jaypee's total debt, wants a "fair and transparent" process adopted and the current evaluation that pegs the company's worth at less than half of its market value of Rs 17,110 crore, be "summarily scraped." IIFCL, in a letter to the resolution professional, tore into its valuers assuming a much less toll collections from Jaypee-built expressway. "The valuation conducted by the lenders consortium recently during 2017, the pessimist scenario for the toll collection from the expressway aggregate to Rs 67,980 crore during the remaining concession period ie from April 2018 to August 2048", it wrote. "Considering a discounting factor of 8 per cent per annum, the net ...
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Mundra Solar eyes to become USD 1 bn company in 2-3 yrs 22.4.2018 General News
Mundra Solar PV, the solar photovoltaic manufacturing arm of diversified Adani Group, looks to become a USD 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 next 2-3 years. "We are very buoyant on growing our business and we are positive we will expand it depending on the way the government policy comes out which we feel will happen soon," company's chief executive Ramesh Nair told PTI over a telephonic interview. He said already actions are on the ground as the government has given the go ahead for pass through of any hike in case of the safeguard duty and the manufacturing policy is in its final stages. "Recently, the government announced that it will amend bidding rules to allow pass through of duty hike on solar. This has come as a major relief for developers as well. We hope we will be able to become a USD 1 billion ...
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Major electrification scheme launched in Nagaland 22.4.2018 The Assam Tribune
Major electrification scheme launched in Nagaland
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Dreamz Infra scam: Investors stage protest in front of CID office 21.4.2018 Hindu: Rx
More than a hundred investors, who were allegedly duped in the multi-crore Dreamz Infra India Ltd. real estate scam, staged a protest outside the CID
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SBI to save Rs 30 cr p.a. from wind, solar power investments 21.4.2018 General News
Country's largest lender SBI today said it has saved Rs 125 crore in the last eight years by putting up 10 windmills, and expects to save Rs 30 crore annually through its renewable energy investments. The bank has installed 10 windmills having a capacity of 1.5 MW each, including six in Maharashtra, three in Tamil Nadu and one in Gujarat since 2010 and saved over Rs 125 crore in energy costs, an official statement said. It has also invested in solar power and now possesses a capacity of 21.23 MW in renewable power sources, it said, adding that taking it to 25 MW will help it save Rs 30 crore every year. It, however, did not specify the time by which it aims to take up the capacity to 25 MW or any details of the investments on such initiatives. On the eve of the World Earth Day, the bank said it aims to be carbon neutral and also announced that it has set up 151 solar rooftop sites that have a capacity to generate 6.23 MW of power. Energy generated through these renewable
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Sustainable technologies for city infrastructure 20.4.2018 Hindu: Rx
Waste-to-energy plants, RWH, and solar power can obviate the need for dependence on municipal services for waste collection, water supply boards and centralised power grids. By M.A. Siraj
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MoHUA awards Essel Infra’s Jabalpur plant as second best integrated project 20.4.2018 Central Chronicle » Madhya Pradesh
Chronicle Reporter, Jabalpur Recognising the company’s outstanding work in Waste-to-Energy (WtE) sector, Ministry of Housing... more »
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MRPL commissions solar power project, largest on any refinery site 20.4.2018 Hindu: Mangalore
Mangalore Refinery and Petrochemicals Ltd., (MRPL) has clocked a major milestone by commissioning 6.063 MWp solar power project on its premises, the l
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Global growth showing solid momentum: WB chief 19.4.2018 General News
With global growth showing solid momentum, the challenge is to make it inclusive, World Bank chief Jim Yong Kim said today. "The challenge now is to ensure that strong growth will translate into inclusive growth, so that the benefits of global economic integration are enjoyed by all members of society," Kim said at the start of the annual spring meeting of the International Monetary Fund and the World Bank. "The global economy is showing solid momentum. We're expecting global growth to edge up to 3.1 per cent in 2018 its strongest performance since 2011 as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices," Kim said here. Kim said this period of robust growth is a great opportunity to invest in human and physical capital. Filling infrastructure gaps, improving education and health outcomes, and increasing female labour force participation could continue to drive growth. If policy ...
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NTPC to back down thermal power at some of its units for more renewables 19.4.2018 Business Standard: News Now
The move is in line with the Centre's proposal to introduce flexibility in generation scheduling. It provides flexibility for substituting thermal by renewable power
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Siemens Gamesa bags multiple wind power orders of 140 MW 19.4.2018 General News
Siemens Gamesa Renewable Energy today said it has bagged multiple wind power orders totalling 140 MW from a leading independent power producer and many industrial customers in the country. "Specifically, the company will handle the entire infrastructure needed to operate these projects (with installed capacity ranging between 2 MW and 58 MW), together with the supply, erection and commissioning of 41 units of the G97-2.0 MW turbines and 29 of the SG 2.0-114 for various industrial customers and a leading IPP in India," the company said in a statement. Set for commissioning by June this year across several sites in the country, most of these orders have been placed by different industrial customers, such as textile, auto parts and pharmaceutical companies, who want to move their supply to renewable sources. "We are witnessing encouragingly growing interest from industrial customers who are becoming a sizable number in our order portfolio. These orders show a positive sign of ...
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BSES, TERI tie-up on energy efficiency, student awareness 19.4.2018 Education
Delhi power distribution company (Discom) BSES on Thursday announced that it has signed separate agreements with The Energy and Resources Institute (TERI) to deal with different aspects of energy conservation and conduct research on Demand Side Management (DSM).
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Reliance Infra debuts in railway space, bags EPC contract 19.4.2018 Sify Finance
Reliance Infrastructure Limited EPC has received the Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) for its maiden railway project worth Rs 774 crore for the construction of third rail line between Jimidipeta and Gotlam on East Coast Railway on Engineering, Procurement and Construction (EPC) basis, the company said on Thursday.
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Reliance Infra debuts in railway space, bags EPC contract 19.4.2018 General News
Reliance Infrastructure Limited EPC has received the Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) for its maiden railway project worth Rs 774 crore for the construction of third rail line between Jimidipeta and Gotlam on East Coast Railway on Engineering, Procurement and Construction (EPC) basis, the company said on Thursday.
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Corrected: India, UK governments invest in $711 million Indian renewable energy fund 18.4.2018 General News
LONDON (Reuters) - Lightsource BP and Indian private equity fund Everstone Group announced on Wednesday the creation of a 500 million pound ($711 million) fund to invest in renewable energy and clean technology in India.
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