TNB picks up 30% equity stake in GMR Energy’s select portfolio of assets Updated On Tue, May 10th, 2016 by Saurenergy Malaysian power utility,Tenaga Nasional Berhad (“TNB”) has announced its entry into Indian power sector after signing a Subscription Agreement (“SA”) and Shareholders Agreement (“SHA”) with GMR Energy Limited (“GEL”). The Management Committee of GMR Infrastructure Limited (GIL) approved the proposed primary capital investment by Tenaga Nasional Berhad (Tenaga) in GMR Energy Limited (GEL). The investment […] Read more
36 CPSUs has committed to develop 18,988 MW of Renewable Energy projects: Piyush Goyal Updated On Tue, May 10th, 2016 by Saurenergy Minister of State (IC) for Power, Coal & New and Renewable Energy, Piyush Goyal on Tuesday said while framing the Scale-up Plan for 1, 00,000 MW of Grid Connected Solar Power by the year 2022, it was envisioned that the Public Sector Undertakings will contribute around 10,000 MW of Grid Connected Solar Power. Goyal in […] Read more
MNRE invites feedback on the recommendations of the CSP Expert Group Updated On Fri, May 6th, 2016 by Saurenergy Ministry of New & Renewable Energy (MNRE), formed a “CSP Expert Group” with members from within the Ministry, and other Experts from outside to give recommendations to the ministry to enable appropriate policy formulation for supporting the development and deployment of Concentrating solar power (CSP) technology in the country. MNRE is inviting Feedback/Views/Comments before adopting […] Read more
MNRE implementing schemes to promote use of renewable energy in rural areas: Piyush Goyal Updated On Tue, May 3rd, 2016 by Saurenergy The Ministry of New & Renewable Energy (MNRE) is implementing a Programme on “Off-Grid and Decentralized Solar Applications” to promote use of solar power through solar home lights, solar street lights, power plants, solar pumps and mini micro grids to meet the energy requirements of the rural areas in the country. Minister of State (IC) […] Read more
Indian Railways proposes to harness 1000 MW solar and 150MW wind energy by 2020 Updated On Thu, Apr 28th, 2016 by Saurenergy Indian Railways has proposed to harness 1000 Mega Watt (MW) solar and 150 MW wind energy by the year 2020. Minister of State for Railways, Manoj Sinha in a written reply to a question in Lok Sabha on Wednesday said “a total of about 50 MW renewable energy capacity has been installed till date including […] Read more
MNRE formed three panels to improve quality control of solar modules and products Updated On Mon, Apr 25th, 2016 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has reportedly formed three panels to enhance quality of solar modules and products. One of the three panels will make policy for testing laboratories, while another will assign technology and product standards and the third will examine regulations governing solar products reports ET. Modi government has set […] Read more
Fortum launches Nordic countries’ biggest electricity storage pilot project Updated On Fri, Apr 22nd, 2016 by Saurenergy Fortum has announced the launch of Nordic countries’ biggest electricity storage pilot project integrating Saft’s megawatt-scale Li-ion (lithium-ion) battery energy storage technology. The company in a statement said “the objective is to research the suitability of batteries used for storing electricity to maintain a power balance in the electricity system. Additionally, the research will explore […] Read more
Over Rs. 71,200 crore sanctioned for Renewable Energy Sector by Banks & NBFCs since February, 2015 Updated On Mon, Apr 11th, 2016 by Saurenergy Banks & Non-Banking Financial Companies (NBFCs) have sanctioned over Rs. 71,201.54 crore to finance various renewable energy projects and disbursed Rs. 29,529.57 crore against the sanctioned amount since February 2015 till 21 March, 2016. During RE-INVEST 2015, 40 major Banks and Non-Banking Financial Companies (NBFCs) committed to provide debt funding to Renewable Energy Projects aggregating […] Read more
People in Himachal Pradesh can now access solar energy at 70% subsidy Updated On Sat, Apr 9th, 2016 by Saurenergy People in Himachal Pradesh can now access solar energy at 70 per cent subsidy. As per the guidelines of the Ministry of New and Renewable Energy (MNRE) people opting for grid connected rooftop solar panels/power plant will be given 70 per cent subsidy. The surplus power produced by rooftop solar panels/power plant can be sold […] Read more
