In the central Indian village of Raikheda, the construction of a thermal coal power plant once promised jobs and economic progress.
Taaleri’s India playbook follows the investment thesis adopted by other overseas investors such as France’s Engie and Rosatom State Atomic Energy Corp. It is the lower cost of foreign capital and the size of the Indian solar power generation market that has helped script India’s solar story.
A consortium of Reliance Industries Ltd-Shell India and Oil and Natural Gas Corp. (ONGC), producing oil and gas from the Panna-Mukta-Tapti fields, has disputed a collective demand of $3 billion by the oil ministry as shortfall in its share of profit.
Tata Power Co. Ltd plans to invest around $90 million (close to Rs600 crore) in equity capital in its renewable energy arm Tata Power Renewable Energy Ltd (TPREL) as the company seeks to develop its immediate pipeline of 320 megawatts (MW) of solar assets, two people aware of the development said.
The infrastructure sector is the backbone of the Indian economy. The government has been making efforts to boost the sector through various schemes and incentives.
GVK Energy Ltd has closed funding for its 540 MW coal-fired power project in Punjab, having raised Rs500 crore from Deutsche Bank in priority funding, according to two people directly aware of the development.
From 15 August—Independence Day—onwards, the districts of Gurugram and Ambala in Haryana will have round-the-clock electricity.
While grid extension is the main driver of rural electrification in India today and almost all Indian villages are now electrified, the reality at the habitation and household level is very different.
Reliance Industries Ltd (RIL) is considering a plan to enter retailing of liquefied natural gas and setting up of charging stations for electric vehicles at its petrol pumps, two people aware of the plan said.
Wind power tariffs are expected to fall to a record of around Rs3.30 per unit in a 1 gigawatt (GW) tender by state-run Solar Energy Corp. of India (SECI).