Solar Project Investor PFS Reports 12.7% Growth in 2018-19 Updated On Tue, May 7th, 2019 by Saurenergy Indian power projects investor. PTC Financial Services (PFS) has issued its results for the financial year 2018-19. For PFS the total revenue for the year stood at Rs 1,336.51 crore, which was Rs 151.36 crore more than the company reported in the previous year (FY 2017-18) at Rs 1,185.15 crore. From 2017-18 to 2018-19 the […] Read more
Munzer Bharat. How an Austrian Firm Picked India for Its First Global Plant Updated On Mon, May 6th, 2019 by Saurenergy Munzer BioIndustrie, a family-owned firm from the little known town of Sinabelkirchen, near Vienna in Austria, finally got going in India this year, with its first BioDiesel plant starting pilot tests. Here is how, why and what the company expects to achieve with its Indian venture. The start of Munzer Bharat Private Limited itself has […] Read more
Bridgestone India Begins Solar Power Generation on Both Plants Updated On Mon, May 6th, 2019 by Saurenergy Bridgestone India’s two plants in India have opted for using solar power. The tire manufacturers Pune Plant in Chakan, in the state of Maharashtra in Western India, has currently installed 1 MW of Solar capacity and is in the process of setting up of another 4 MW of capacity which will commence operations by September […] Read more
Signify Innovations Predicts Growth in Solar Lights Segment Updated On Mon, May 6th, 2019 by Saurenergy Signify Innovations India is expecting a good opportunity in the solar lights segment going forward, not only from the rural market but also from the urban market. Signify Innovations India (earlier Philips Lighting India), with 29 million connected light points worldwide is expecting good opportunity in the solar lights segment going forward, not only from the […] Read more
Ratan Tata Invests in Ola Electric Mobility, Backs Ambition to Scale EVs in India Updated On Mon, May 6th, 2019 by Saurenergy Ratan Tata’s investment in Ola Electric is being seen as an endorsement of the company’s approach to developing an electric mobility ecosystem, including innovations in charging infrastructure, swapping models, and market-appropriate products. Ola Electric Mobility has announced that Ratan Tata, Chairman Emeritus of Tata Sons, has invested in the company as part of its Series A […] Read more
FAME Alone Not Enough to Boost EV Adoption Updated On Mon, May 6th, 2019 by Saurenergy FAME alone is not enough to reach the 2030 target, various measures as prerequisites are needed in this transition. Policies like FAME need to be supplemented with measures such as domestic manufacturing of vehicles, batteries, and components to boost mass adoption of electric vehicles by 2030, industry body Confederation of Indian Industry (CII) has said. […] Read more
No Additional Surcharge For Open Access Consumers in Gujarat Updated On Mon, May 6th, 2019 by Saurenergy The commission analysed the data submitted by GUVNL and its Discoms, and based on the formula decided, the additional surcharge worked out to Rs NIL/kWh. The Gujarat Electricity Regulatory Commission (GERC) has in its latest order issued that consumers of four of the state’s discoms will have zero applicable additional surcharge for making use of […] Read more
HC Asks Panel To Relook Into GST on Solar Sector Updated On Mon, May 6th, 2019 by Saurenergy The Delhi High Court has directed the Goods and Services Tax Council to review the tax structure for solar power projects. The decision was in response to a writ filed by the Solar Power Development Association, which had challenged the latest tax formulation for solar power generating systems unveiled on January 1. The court has […] Read more
CERC Provides Relief For ACME Solar, Accepts Safeguard Duty as Change in Law Updated On Mon, May 6th, 2019 by Saurenergy ACME Solar to get compensated for additional costs incurred in the development of two solar projects due to the levy of Safeguard Duty. The Central Electricity Regulatory Commission (CERC) has in its latest order provided respite to solar power developer (SPD) ACME Solar, after the company filed two petitions with the commission, seeking approval for […] Read more
