There is much to celebrate when reviewing the developments witnessed in the renewable energy sector in India in 2016. In 2016 the renewable energy capacity commissioned was higher than thermal capacity addition for the first time.
State to derive an Overall Net Benefit of approximately Rs. 11,000 crores through UDAY. The State would have savings of about Rs.950 cr. in annual interest cost through reduction of debt and through reduced interest rates on the balance debt.
In a significant move and following months of persuasion by the Centre, Tamil Nadu came on board the power ministry’s flagship scheme UDAY. By signing the MOU under UDAY, the State Government is taking over 75% of debt of Rs. 30,420 crores of TANGEDCO. The scheme also provides for the balance debt to be re-priced or issued as State guaranteed Discom bonds, at coupon rates around 3-4% less than the average existing interest rate.
After several rounds of negotiations, Tamil Nadu is to join the Centre’s Ujwal Discom Assurance Yojana (UDAY Scheme) on January 9.
The automated control systems for two nuclear power plants in Tamil Nadu’s Kudankulam will start arriving to India from Russia 2018 onwards, the Russian State Nuclear Corporation (Rosatom) said.
Google, in collaboration with Railtel, rolled out free WiFi service at Udhagamandalam (Ooty) station in Tamil Nadu, taking to 100 the railway stations where it offers high-speed internet to an estimated 10 million people.
Images have been released showing the sheer size of a new solar power plant in southern India. The facility in Kamuthi, Tamil Nadu, has a capacity of 648 MW and covers an area of 10 sq km. This makes it the largest solar power plant at a single location, taking the title from the Topaz […]
37 mineral blocks to be re-auctioned, a total of 98 blocks to be auctioned during this fiscal: Mines Secy Balvinder Kumar
Secretary, Mines, Balvinder Kumar said that another 61 blocks have been identified and will be put on auction within this fiscal, thereby taking the total number of blocks being auctioned during 2016-17 to 98 blocks.
After the successful auctioning of 16 mines, the government will re-auction the 37 mineral blocks by the end of December this year as these blocks did not elicit a satisfactory response in the recently held auction process. These 37 mineral blocks are in the states of Andhra Pradesh, Jharkhand, Chhattisgarh, Rajasthan, Karnataka and Odisha.
The Centre’s green panel has given its nod to RIL for carrying out eight additional exploratory well drilling to ascertain