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KfW Development Bank

EESL Issues Tender for LED Street Lights in Gram Panchayats of Jharkhand

The scope of tender includes designing, manufacturing, testing, supplying and five years on-site warranty of 24W LED Street Lights and other related works for all Gram Panchayats in Jharkhand. The Energy Efficiency Services Ltd (EESL), a joint venture of PSUs under the Union Ministry of Power, GoI, has issued a tender inviting bid for 24W […]

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MNRE organises panel discussion on ‘Innovative Financing and Market Evolution to achieve 175 GW Renewables by 2022’ at CoP 23, Bonn, Germany

India committed to its Renewable Energy Targets to provide Equitable Sustainable Development The Ministry of New and Renewable Energy (MNRE), Government of India, in partnership with the Confederation of Indian Industry (CII), organised a panel discussion on ‘Innovative Financing and Market Evolution to achieve 175 GW renewables by 2022’ on 16th November 2017 at the […]

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Ukraine Receives Grant From Germany To Restore Energy Infra

Ministry of Energy of Ukraine has received a €45 million grant from Germany, to restore the energy sector after Russian attacks on energy infrastructure.  Volodymyr Kudrytskyi, Chairman of the Board of National Power Company Ukrenergo a state-owned company managed by the Ministry of Energy (NPC) Ukrenergo, signed a document authenticating the management decision taken by […]

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REC Avails 60.5 Billion Yen Green Loan Backed By Italy’s SACE

REC Limited, recently availed 60.536 billion a green loan in Japanese Yen (JPY) to finance eligible green projects in India. The green loan facility benefits from an 80% guarantee by the Italian Export Credit Agency, SACE (Italy) under their innovative “Push Strategy program”. This arrangement between an Indian government entity REC and SACE an Italian […]

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Gokul Dairy To Build Solar Power Project In Solapur, Maharashtra

The renowned milk product brand, ‘Gokul Dairy,’ also known as Kolhapur Zilla Dudh Utpadak Sangh, is slated to establish a solar power generation plant in the Solapur district of Maharashtra. In December, Gokul acquired 18 acres of land from the solar park in Karmala Tehsil, Solapur district, to construct the solar power generation facility. As […]

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MBH Power Wins 6 MW Solar Plant Project Issued by Kerala State Electricity Board

Kerala State Electricity Board had issued a tender looking for an EPC contractor for 6 MW solar plant at Moongil mada Palakkad under feeder level solarisation of PM KUSUM Scheme (Component C) and its O&M for the first five years. The KSEB 6 MW solar project has been bagged by Gujarat-based energy solutions provider MBH […]

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IREDA Plans Office in Gujarat’s GIFT City for Foreign Currency Funding of Renewables

The Indian Renewable Energy Development Agency Ltd (IREDA) is planning to establish an office in Gujarat’s GIFT City to finance renewable energy projects in foreign currency. The office at GIFT City, Gandhinagar, will be classified as an overseas office, allowing the IREDA to avoid foreign exchange hedging cost. Pradip Kumar Das, Chairman and Managing Director […]

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CIF Grants $70 Million To Colombia For Renewable Energy Integration

The Climate Investment Funds (CIF) has decided to provide a $70 million loan to the South American country of Colombia at a low interest rate to enable the country to transition to clean energy. With this, Colombia will become the first country to benefit from CIF. The fund was created for speedy growth of renewable energy […]

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Germany Looks to Fund India’s Energy Transition Projects with €1 billion

Germany has proposed to fund India’s energy transition projects with €1 billion. The projects are to be executed all over the country under a bilateral partnership between the two countries on green and sustainable development. As per discussions held between India and Germany, the funding will pave the way for over 20 projects spread over […]

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