Sembcorp Increases its Stake in India Renewable Energy Business, acquires IDFC PE for Rs. 1400 crore Updated On Fri, Sep 1st, 2017 by Saurenergy Sembcorp Utilities has exercised its contractual right to acquire IDFC’s remaining shares in SGI Sembcorp Industries has announced that its wholly-owned subsidiary Sembcorp Utilities has entered into an agreement to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for Rs. 1410.2 Crores. With this, Sembcorp will become the sole owner […] Read more
Centre aiming to install 175 Gigawatt renewable power by 2022: Harsh Vardhan Updated On Fri, Sep 1st, 2017 by Saurenergy “The government has set an ambitious target of 175 GW of renewable power installed capacity by the end of 2022, of which 58 GW has been installed so far,” said Vardhan. Minister of Science & Technology, Environment, Forest and Climate Change Dr. Harsh Vardhan on Thursday said the government is aiming to install 175 GW […] Read more
MNRE, GIZ Signs Agreement to Improve Framework Conditions for Grid Integration of Renewable Energies Updated On Tue, Aug 29th, 2017 by Saurenergy Wolfgang Hannig, Country Director, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India and A.N. Sharan, Joint Secretary, MNRE signed the agreement The Ministry of New and Renewable Energy (MNRE) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India signed an agreement on technical cooperation under the “Indo-German Energy Programme – Green Energy Corridors (IGEN-GEC)” on […] Read more
Renewable energy capacity of 100 GW should be achieved by 2019-20 Niti Aayog Updated On Mon, Aug 28th, 2017 by Saurenergy Niti Aayog has set for the government an ambitious goal of 100 giga watt of clean energy by 2019-20 and wants financial provision for generation and infrastructure rather than just capacity creation. Premier think-tank Niti Aayog has set for the government an ambitious goal of 100 giga watt of clean energy by 2019-20 and wants […] Read more
MNRE issues guideline Tariff Based Competitive Bidding Process to increase affordability of Solar Power Updated On Mon, Aug 28th, 2017 by Saurenergy The guideline for Tariff Based Competitive Bidding Process has been issued by MNRE under the provisions of Section 63 of the Electricity Act, 2003 for long term procurement of electricity by the ‘Procurers’ Ministry of New & Renewable Energy (MNRE) has issued Guidelines for tariff based competitive bidding process for procurement of power from grid connected […] Read more
MNRE Drafts New Guidelines on Solar Power Procurement Updated On Wed, Aug 23rd, 2017 by Saurenergy Prepared by the MNRE, the new guidelines cover the grid-connected solar PV power projects with a size of 5 mw and above, and will help in reducing off-takers’ risks, encourage investments, enhance bankability of projects and improve profitability for investors. The government has implemented new rules for buying power from grid-linked solar power projects through […] Read more
Piyush Goyal addresses the 8th World Renewable Energy Technology Congress Updated On Tue, Aug 22nd, 2017 by Saurenergy The annual conference is visualized and planned in the backdrop of India’s vision on achieving “Energy Independence and Power for all by 2022”. It focuses on new Green Technologies to ensure clean, reliable and affordable Renewable Energy supplies. Union Minister of State for Power, Coal, Renewable Energy and Mines, Piyush Goyal, addressed a distinguished gathering […] Read more
Shri Piyush Goyal addresses the 8th World Renewable Energy Technology Congress Updated On Mon, Aug 21st, 2017 by Saurenergy Union Minister of State (IC) for Power, Coal, Renewable Energy and Mines, Shri Piyush Goyal, addressed a distinguished gathering of delegates attending the 3-day 8th World Renewable Energy Technology Congress here today. The Minister also gave away Energy and Environment Foundation Global Excellence awards 2017 during the inaugural session of the conference. The annual conference […] Read more
PESB Asks Renewable Energy Ministry to Choose Proper Course of Action for Selection of SECI MD Updated On Mon, Aug 21st, 2017 by Saurenergy The Public Enterprises Selection Board (PESB) had interviewed three candidates – PTC India Director (Marketing) and Business Development Rajib Kumar Mishra, Konkan Railway Corporation Ltd Director (Finance) Amitabh Banerjee and SECI Director (Finance) C Kannan – for the SECI MD post, PESB said on its website. Government head-hunter PESB has asked the renewable energy ministry […] Read more
