India Offers $75 Mn Credit Support for 100 MW Solar Project in Cuba Updated On Sat, Jun 23rd, 2018 by Saurenergy During talks, both countries agreed to enhance cooperation in the fields of renewable energy, biotechnology, traditional medicine and trade and investment. During the third leg of Indian President Ram Nath Kovind’s three nations tour, India offered a USD 75 million credit support to Cuba for a 100 MW solar power project. The President’s Secretariat said […] Read more
Piyush Goyal Inaugurates NLCIL’s Rs 1,302 Cr Solar PV Projects in TN Updated On Fri, Jun 15th, 2018 by Saurenergy The three solar plants are having an installed capacity of 100 MW each and were erected at a cost of Rs 1300 crore, including operation & maintenance cost for 15 years. The Union Minister for railways, coal, finance & company affairs, Piyush Goyal has inaugurated the Rs 1,302 crore worth of Neyveli Lignite Corporation India […] Read more
Risen Energy Gets Financing from EBRD for 63MW Solar Project in Kazakhstan Updated On Sat, May 26th, 2018 by Saurenergy The construction of the greenfield 63 MW solar project will kick off in the month of September and is expected to be completed in June next year. Chinese solar panel maker Risen Energy has signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing the construction of a 63 MW solar […] Read more
AfDB Okays $1.5 Mn Grant for Nigeria’s On-Grid IPP Solar Procurement Program Updated On Fri, May 11th, 2018 by Saurenergy This program will assist the Nigerian government to achieve its national goal of reaching 75 percent electricity access by 2020 and electrifying unserved and underserved areas. The African Development Bank (AfDB) board has approved the USD 1.5 million grant to support the Nigerian Government’s implementation of phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) solar […] Read more
Adani’s Mundra Solar Seeks to be $1bn Firm in 2-3 Years Updated On Mon, Apr 23rd, 2018 by Saurenergy In next 2-3 years, it is also mulling to scale up its manufacturing capacity of modules and cells from the current 1,200 MW to around 3,000 MW. Adani Group’s solar PV manufacturing arm, Mundra Solar PV, eyes to become a USD 1 billion company over the next 2-3 years. In next 2-3 years, it is […] Read more
CMEC to Invest €230 mn in Solar Plant Construction in Ukraine Updated On Mon, Apr 9th, 2018 by Saurenergy This plant will be built in Dnipropetrovsk region until the end of 2018. Construction engineering company China Machinery Engineering Corporation (CMEC) is planning to invest EUR 230 million for the construction of the largest solar power plant in Ukraine. This plant will be built in Dnipropetrovsk region until the end of 2018. Further, the corresponding […] Read more
Mahindra Renewables gets Rs 750 cr Assistance from Yes Bank for Rewa Solar Proj Updated On Sat, Mar 17th, 2018 by Saurenergy This project also demonstrates Mahindra Group’s commitment and focus towards renewable energy by partnering with leading banks like Yes Bank, which has a significant renewable energy footprint, says Zhooben Bhiwandiwala. Mahindra Renewables has achieved financial closure for its 250 MW solar power project, to be located in Rewa district of Madhya Pradesh with Yes Bank for […] Read more
Mirzapur Solar Plant gets Rs 74.25 lk per MW Viability Gap Funding from Govt Updated On Thu, Mar 15th, 2018 by Saurenergy The electricity generated by the project will be supplied by ENGIE at the rate of Rs 4.43 per unit for a period of 25 years. The Mirzapur’s 75 MW solar power plant, set-up by the French firm ENGIE at a cost of around Rs 528 crore, has got Rs 74.25 lakh per MW Viability Gap […] Read more
Don’t Grant Loans to Huge Loss Making Discoms, says RK Singh to REC, PFC Updated On Fri, Mar 9th, 2018 by Saurenergy He said that many distribution companies have been making heavy transmission and distribution (T&D) losses and it may be difficult for them to repay the loans. In a review meeting, the Union Minister of State (IC) Power and New & Renewable Energy, R K Singh has directed the two financing arms of the Power Ministry […] Read more
