The acquisition of the government’s 52.63 per cent stake in the Rural Electrification Corporation (REC) by Power Finance Corporation (PFC) will stretch the balance sheet of the latter, increase its leverage and have an impact on the Return
Private equity firm Actis is in advance talks to acquire alternative power assets of Shapoorji Pallonji Group for about $200 million as the emerging market-focused investment firm looks to ramp up its renewable energy capacity in the country.
It is my belief that the energy sector in India is truly at a crossroads. Some of the challenges, including on commodity prices, have global dimensions. Others though are uniquely Indian. Addressing the challenges could help leapfrog the
The Energy Efficiency & Renewable Energy Management (EEREM) centre, Delhi government’s nodal agency for rooftop solar projects, today launched a tender for setting up 35 Megawatt (Mw) grid-connected rooftop solar projects
India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters on Thursday.
When a Surat-based realtor managed to get his hands on Sachin Tendulkar’s Ferrari in 2011, he immediately took the red beauty out for a spin. He did everything to make it his own, even building a special garage for it in his bungalow.
Maharashtra has become load shedding free and by December end, all villages across the state would be electrified under Saubhagya Scheme, claimed Maharashtra State Electricity Distribution Company Limited (MSEDCL) director Vishwas Pathak here on Sunday.
The Parliamentary Standing Committee on Finance will take stock of the developments at crisis-hit IL&FS Group for three days from December 3, an official said on November 27.
Surat, which aims at becoming the first solar city of the country, will have 25MW of installed capacity of solar power by February 2019. It already has 15MW of installed capacity of solar power and tops the chart in the country.
The state is now equipped to meet the demand of 2,8000MW and will no longer have to face shortage of electricity, Vishwas Pathak, the director of Maharashtra State Electricity Board (MSEB) Holding Company, said on Friday.