Rising penetration of renewable energy will start to pinch state-owned power distribution companies (discoms) as its share in the energy basket has crossed 12%, power industry leaders said in a recent panel discussion.
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To aid the growth of the renewable energy sector and encourage investments in the sector, Anand Kumar, secretary of the Ministry of New & Renewable Energy, said that the government is working towards managing curtailments and improving ease of doing business for developers in the sector at the India Pavilion at COP 25 in Madrid on Monday.
The company, which was listed on the Thai bourse last year in the biggest corporate offering in a decade, is aiming for revenue growth of 120 percent this year after projects with a combined capacity of 500 MW come online.
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Renaissance Steel contends that one of the UK subsidiaries of Tata Steel had flouted the UK Health and Safety at Work Act, pursuant to which fines were imposed on it. Hence, it is ineligible under insolvency code
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The Comptroller and Auditor General (CAG) has highlighted inconsistencies in deployment of manpower for monitoring the environmental impact of Coal India’s activities.
Clean energy firm ReNew Power on Wednesday said it has joined hands with South Korea-based GS E&C for execution of its 300 MW solar power plant in Rajasthan. ReNew Power announced a joint venture partnership with South Korea based GS E&C in this regard, a company statement said.
To increase state’s production of renewable energy, the Kamal Nath government will set up a 2,000 MW Solar Power Park in the Bundelkhand and Chambal regions, minister for renewable energy Harsh Yadav told reporters on Tuesday.
State-run Solar Energy Corporation of India (SECI) is enforcing a tripartite pact to collect ₹276 crore in dues from the Andhra Pradesh government from the central devolution.
The government has assured renewable energy developers of providing more business-friendly environment and policies like payment secuirty mechanism to lower risk on investment.
Minister for Environment, Forest and Climate Change, Prakash Javadekar has said that India has reduced the emissions intensity of GDP by 21 per cent and is on track to achieve the goal of 35 per cent emissions reduction as promised in Paris.
