A total of 3.78 lakh non-solar renewable energy certificates (RECs) were traded at the India Energy Exchange (IEX) in July.
The National Association of Street Vendors of India estimates that there are around 30,000 street vendors in Bengaluru. Small businesses like these face innumerable challenges, given their make-shift existence.
Metals magnate Anil Agarwal’s Vedanta Resources would raise up to $1 billion in dollar bonds in the second such issue in six months, harnessing global liquidity to pare high-cost debt and build an expansion kitty ahead of the mining cycle turnaround. The sale is likely as early as next week, three people with direct knowledge of the exercise told ET.
The power sector’s first ‘Infrastructure Investment Trust (InvIT)’ IndiGrid, which was floated to own transmission assets across the country, would acquire four more projects of its sponsor– Sterlite Power Grid Ventures Limited.
GE T&D India is locked in upper circuit of 20% at Rs 393, also its 52-week high on BSE, after the company reported net profit of Rs 61.7 crore in June quarter (Q1FY18), on back of healthy operational growth.
China will extend its push to cut power distribution pricing to include transmission lines used to send electricity between regions, the state planner said on Wednesday.
In a fresh push to universalize electricity access, the National Democratic Alliance (NDA) government plans to roll out a Rs17,000 crore scheme.
The government is planning to sell up to 25% stake in two PSUs — MSTC and NEEPCO through initial public offerings (IPOs).
IndiGrid Trust, the infrastructure investment trust (InvIT) sponsored by Sterlite Power Grid Ventures, has reported its results for the first quarter and announced maiden distribution of 0.92 paise per unit to unit-holders for one month of operations, thus becoming the first InvIT to do so.
The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) has confirmed the technical and economic viability of integrating 175 gigawatts (GW) of renewable energy into India’s grid by 2022.