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PGCIL Seeks US$ 1,000 Million Loan from ADB for Green Energy Corridor

Power Grid Corporation of India Limited (PGCIL) has sought a loan of US$ 1,000 million for green energy corridor from the Asian Development Bank (ADB). The USD 1,000 million loan comprises Sovereign guaranteed loan of US$ 500 million and Non-Sovereign loan of US$ 500 million said Piyush Goyal, Minister of State (IC) for Power, Coal, […]

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If the solar tariff increases then the demand of solar will go down which will impact the further capacity roll-out: Hindustan Power

The Clean energy arm of Hindustan Power is one of the leading India’s player in solar power generation. It has developed solar farms across the country and internationally.  Hindustan Power played major role in changing the scenario of solar power in India. India’s first solar power plant of 5 MW capacity and the then Asia’s […]

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TNB picks up 30% equity stake in GMR Energy’s select portfolio of assets

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 […]

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Piyush Goyal to launch schemes for distribution of energy efficient pumps & fans in Andhra Pradesh

Power, Coal and New & Renewable Energy minister Piyush Goyal, along with Chief Minister of Andhra Pradesh N. Chandrababu Naidu, will launch two schemes namely National Energy Efficient Agriculture Pumps Programme and National Energy Efficient Fan Programme in Vijayawada , Andhra Pradesh on Thursday. These Schemes will be implemented by Energy Efficiency Services Limited ( EESL) . […]

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Bihar Sign MoU under “UDAY” Scheme, becomes the Sixth State

Bihar to become the sixth state to benefit from the UDAY scheme, as the Government of India, the State of Bihar and the DISCOMs of Bihar (North Bihar Power Distribution Company Limited, and South Bihar Power Distribution Company Limited) signed Memorandum of Understanding (MOU) for operational and financial turnaround of the DISCOMs. Bihar is the […]

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