Loans Worth Rs 1.25 Lakh Cr so far Under Discoms Liquidity Package Updated On Wed, Feb 3rd, 2021 by Saurenergy Loans worth nearly Rs 1.25 lakh crore have been sanctioned so far by PFC and REC Ltd under the liquidity package for stressed power Discoms Loans worth nearly Rs 1.25 lakh crore have been sanctioned so far by state-owned non-banking finance firms Power Finance Corporation (PFC) and REC Ltd under the liquidity package for stressed power distribution […] Read more
Ather Energy Inaugurates New Electric Scooter Plant in Hosur, Tamil Nadu Updated On Wed, Feb 3rd, 2021 by Saurenergy Bengaluru based electric two-wheeler (E2W) startup, Ather Energy has started its new 4 lakh square feet E2W manufacturing plant in Hosur, Tamil Nadu. The company had signed a Memorandum of Understanding (MoU) with the government of Tamil Nadu in December 2019, for a 4 lakh square feet electric vehicle (EV) manufacturing plant. Guidance TN, Tamil […] Read more
ADB & Japan’s METI to Promote Clean Energy in Southeast Asia Updated On Wed, Feb 3rd, 2021 by Saurenergy ADB and Japan’s METI have signed a MOC to enhance their joint efforts to promote clean energy in Southeast Asia. The Asian Development Bank (ADB) and Japan’s Ministry of Economy, Trade and Industry (METI) have signed a memorandum of cooperation (MOC) to enhance their joint efforts to promote clean energy in Southeast Asia. The cooperation […] Read more
Power Sector Non-banking Financier PFC Raises $500 Mn Through Bonds Updated On Wed, Feb 3rd, 2021 by Saurenergy Power sector Non-Banking Financial Company (NBFC), Power Finance Corporation (PFC), has raised USD 500 million on January 29, 2021, through the issuance of dollar-denominated Bonds with a fixed maturity of May 16, 2031. This is the longest tenor bond issuance from India since the start of 2021. The bonds have a fixed coupon of 3.35 percent per […] Read more
The Transition to EVs in India Will Require Rs 19.7 Lakh Crore Investment: Report Updated On Tue, Feb 2nd, 2021 by Saurenergy The transition to EVs in India will require a cumulative investment of Rs 19.7 lakh crore in EVs, charging infrastructure, & batteries by 2030 A new report by NITI Aayog and Rocky Mountain Institute (RMI) has found that the transition to electric vehicles (EVs) in India will require a cumulative capital investment of USD 266 billion (Rs 19.7 lakh crore) in EVs, […] Read more
General Motors Aims to Become Carbon Neutral by 2040 Updated On Sat, Jan 30th, 2021 by Saurenergy US based automaker, General Motors yesterday announced its plans to become carbon neutral in its global operations by 2040. Also, the company has committed to setting science-based targets to achieve carbon neutrality. In addition to this, the company has also signed the Business Ambition Pledge for 1.5⁰C, an urgent call to action from a global […] Read more
SECI Reschedules Pre-Bid Meeting for 25 MW BCCL Solar Plant in West Bengal Updated On Fri, Jan 29th, 2021 by Saurenergy SECI has announced that the pre-bid meeting for its tender for 25 MW solar PV power plant at BCCL in West Bengal, has been rescheduled The Solar Energy Corporation of India (SECI) has announced that the pre-bid meeting for its tender for setting up of 25 MW solar PV power plant at the Bhojudh Coal […] Read more
Tata Power Solar Confirms Rs 460 Crore Project Award From GSECL Updated On Fri, Jan 29th, 2021 by Saurenergy Tata Power Solar has received an LoA to build a 95 MW solar project for GSECL, the order value of the project is approximately Rs 460 crores. Tata Power Solar, one of India’s largest integrated solar companies and a wholly-owned subsidiary of Tata Power, has announced that it has received a Letter of Award (LoA) […] Read more
Navistar Launches Hydrogen Trucks, Collaborates with General Motor OneH2s Updated On Thu, Jan 28th, 2021 by Saurenergy A subsidiary of Navistar International Corporation, Navistar Inc. has collaborated with General Motors and OneH2 to launch a complete solution for a zero-emission long-haul, hydrogen trucks system. Navistar says it will produce its first production model of the International RHTM Series of fuel cell electric vehicles (FCE) by 2024. Testing of the vehicles is expected […] Read more
