NCLT Allows Demerger of Emami’s Power and Cement Business Updated On Thu, Dec 27th, 2018 by Saurenergy In the petition filed with NCLT, Emami pegged that the demerger will bring strength to each business with a focused and individual attention. National Company Law Tribunal’s Kolkata bench has recently approved the demerger of Emami’s solar power business, Emami Power, from its cement business, Emami Cement Limited. A petition was filed by the Indian […] Read more
BP Sells 430 MW of Wind portfolio in the US Updated On Wed, Dec 26th, 2018 by Saurenergy BP Wind Energy will use the proceeds from the deal to fund technology upgrades elsewhere within its substantial remaining US wind portfolio. BP has sold three wholly owned wind facilities totaling 430 MW to funds managed by affiliates of Ares Management Corporation, with Bank of America Merrill Lynch serving as financial advisor to BP in […] Read more
Sterlite Power Bags $600 Mn Transmission Project in Brazil Updated On Mon, Dec 24th, 2018 by Saurenergy The project will require an investment of USD 0.6 billion over the period of next 3-5 years in the state of Rio Grande do Sul, south region of the country. In the recently concluded auction for the transmission projects in Brazil, Sterlite Power has emerged as the winner for the prestigious project. The project will […] Read more
GST on Renewable Products Slashed to 5% Updated On Mon, Dec 24th, 2018 by Saurenergy Prior to this clarification, solar power developers were paying tax at the rate of 18% which had become a sticking point in the industry. Solar Industry is in a state of relief after the GST council clarified that the devices and parts related to renewable energy will be taxed a 5% while the services related […] Read more
Rays Power Infra Raises Rs 200 Cr from DMI Finance Updated On Fri, Dec 21st, 2018 by Saurenergy The capital will be predominantly used to strengthen the company’s presence in the country and to develop ground mounted solar power projects. Mumbai-based solar power developer Rays Power Infra announced that it has successfully raised Rs 200 crore in debt and equity financing in the first round from DMI Finance. The capital will be predominantly […] Read more
Interview with Neil Yu, Product Manager, Marketing Department, Growatt. Updated On Fri, Dec 21st, 2018 by Saurenergy Growatt is a professional manufacturer on the market of high capacity PV-solar inverters. In an exclusive interview with Saur Energy International during the 10th anniversary of Intersolar India 2018 at Bangalore, Neil Yu, Product Manager, Marketing Department, Growatt shared his views on various topics including company’s presence in the Indian market, its products offering, its […] Read more
Government Approves Second Phase of Atal Jyoti Yojana Updated On Fri, Dec 21st, 2018 by Saurenergy Phase-II of Atal Jyoti Yojana will cover installation of 3,04,500 solar street lights (SSL) of 12 W capacity as per the MNRE specification. The president has today given its assent to launch the Phase-II of the ‘Atal Jyoti Yojana’ (AJAY) to be implemented in the year 2018-2019 and 2019-2020. Sanction has also been accorded for […] Read more
Siemens Bags 126 MW Order for Maharashtra Wind Farm Updated On Fri, Dec 21st, 2018 by Saurenergy Siemens Gamesa will provide infrastructure to install and operate the facility, including supply, erection and commissioning of 63 units of wind turbines. Siemens Gamesa Renewable Energy has secured an order for 126 MW wind farm in Osmanabad district of Maharashtra, a company statement said. The company statement further added that as part of the turnkey […] Read more
NTPC Invites Bid for Development of Smart Townships Updated On Thu, Dec 20th, 2018 by Saurenergy The successful bidder will provide comprehensive O&M services to the project as well as a transmission system for a period of three years. National Thermal Power Corporation, India’s largest power producer has issued a tender for the Implementation of Renewable Package for Smart Township Initiative in Solapur in Maharashtra and and Khargone in Madhya Pradesh. […] Read more
