Akey state utility has reversed its stand and will buy solar power from a large project, although at a lower rate than initially proposed, giving a boost to the renewable energy sector, which was being derailed by monopolistic distribution companies arm-twisting developers to lower tariffs.
Akey state utility has reversed its stand and will buy solar power from a large project, although at a lower rate than initially proposed, giving a boost to the renewable energy sector
Los Angeles-based Hyperloop One, a startup backed by Virgin Atlantic’s Richard Branson to create ultra-high-velocity transportation solution on Thursday has signed a MoU with Karnataka government to conduct a feasibility study in Bangalore.
Andhra Pradesh is planning to use electrical vehicles in a big way, and 1,500 of them will be run on the roads in Amaravati, Tirupati and Visakhapatnam, Energy Department Adviser K. Ranganatham said here on Friday.
Bureau of Energy Efficiency (BEE) Director-General Abhay Bhakre assured the Andhra Pradesh Government that the necessary support would be extended to the government for implementing various ‘energy-efficiency programmes’ in MSME (Micro,Small and Medium Enterprises) sector.
Cairn India, a subsidiary of Vedanta Ltd, plans to start drilling works at 64 exploratory and appraisal wells in the KG Basin by May 2018, said acting CEO Sudhir Mathur at a conference call on Thursday after announcing the second quarter results of Vedanta.
Solairedirect, an international solar developer backed by French energy major Engie, is currently behind schedule for setting up a 250 megawatt solar power project in the Indian state of Andhra Pradesh as there are no buyers identified for the power to be generated.
India and the US will soon intensify the work on development of shale gas in coastal India with more US companies likely to join the exploration process, sources in the Ministry of Petroleum and Natural Gas told Express.
Rural Electrification Corporation (REC) of India has agreed to reduce the interest rate on loans to be given to Andhra Pradesh by 2 per cent.
Greenko Group is in talks with bankers to raise Rs3,000 crore through selling bonds in domestic market as it looks to refinance debt of solar power projects, according to three people familiar with the development.