Global Alliance Launches at COP26 to Boost RE in Developing Economies Updated On Tue, Nov 2nd, 2021 by Saurenergy The new Global Energy Alliance for People and Planet (GEAPP) will be launched today at COP26 to accelerate investment in green energy transitions and renewable power solutions in developing and emerging economies worldwide. Over the next decade, the Alliance aims to unlock USD100 billion in public and private capital and tackle three problems: (1) POWER […] Read more
MDPs Committed Climate Finance Worth $66 B in 2020: Joint Report Updated On Fri, Jul 2nd, 2021 by Saurenergy According to the recently published 2020 Joint Report on Multilateral Development Banks’ Climate Finance, climate finance committed by major multilateral development banks (MDBs) rose to a total of $66 billion last year from $61.6 billion in 2019, of which, 58%—or $38 billion—was committed to low- and middle-income economies. The total climate cofinance committed during 2020 […] Read more
ADB Approves $231 Mn Loan to Increase Clean Energy Supply in Assam Updated On Mon, Jan 4th, 2021 by Saurenergy The Asian Development Bank (ADB) has approved a $231 million loan to construct the Lower Kopili Hydroelectric Power (LKHEP) plant in Central Assam, India. This loan is the third and largest tranche of the $300 million Assam Power Sector Investment Program approved by ADB in 2014. The project has so far upgraded the 70-megawatt (MW) […] Read more
EESL Floats Tender for 5 Million Smart Meters Updated On Mon, Aug 5th, 2019 by Saurenergy EESL has issued a tender for procuring 5 million smart meters to be installed pan India. The Energy Efficiency Services Limited (EESL) has issued a tender for procuring 5 million smart meters to be installed pan India. India has applied for financing from the Asian Development Bank (ADB) towards the cost of Scaling Up Demand […] Read more
Avaada Energy to Implement 2 GW Open Access Solar Plants Updated On Wed, Jul 24th, 2019 by Saurenergy This renewable arm of Avaada Group has already commissioned more than 1.8 GW of renewable assets in the solar and wind space. Vineet Mittal-promoted Avaada Energy is in the process of implementing 2 GW of open access solar plants in five states i.e. Maharashtra, Tamil Nadu, Haryana, Karnataka and Orissa. This renewable arm of Avaada […] Read more
EESL Introduces Super Energy Efficient AC at Rs 41,300 Updated On Mon, Jul 8th, 2019 by Saurenergy In the first phase, 50,000 ACs will be available for consumers of BSES Rajdhani Power Ltd (BRPL), BSES Yamuna Power Ltd (BYPL) and Tata Power Delhi Distribution Ltd (Tata Power-DDL), on a first come, first served basis. Government-backed Energy Efficiency Services Limited (EESL) has commenced the sale of the first-of-its-kind, Super-Efficient Air Conditioners (ACs), for […] Read more
ADB Grants $750 Mn For Railway Track Electrification in India Updated On Mon, May 27th, 2019 by Saurenergy ADB has signed off on what is its largest single nonsovereign loan ever committed, for the electrification of the Indian railway network. A project expected to help India’s railway sector transition to electric power and away from dependence on fossil fuels. The Asian Development Bank (ADB) has signed an agreement to provide $750 million (Rs […] Read more
ADB Agrees To Help Finance 100-MW Solar Project in Cambodia Updated On Fri, May 24th, 2019 by Saurenergy The Asian Development Bank (ADB) said today it will extend a loan of USD 7.64 million to support the construction of a 100-MW photovoltaic (PV) park in Cambodia. The National Solar Park Project was developed with grants from the governments of Canada and Singapore and envisages the installation of a power plant in Kampong Chhnang […] Read more
MNRE Working on Unified Portal To Help Consumers Set Up Rooftop Solar Panels Updated On Mon, Apr 8th, 2019 by Saurenergy The Ministry of New and Renewable Energy with the World Bank and Asian Development Bank is developing a unified web portal, which will facilitate as a single-window clearance system for the consumers looking to install rooftop solar panels. This portal will also help in promoting and creating awareness regarding usage of rooftop solar in India. […] Read more
