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India’s Energy deficit Shrinks to less than 1% in 2018: NITI Ayog

Cumulative installed capacity has nearly doubled, from 35.5 GW in 2013-14 to about 70 GW in 2017-18. The installed power generation capacity in India has risen to 344 GW and its energy deficit, which stood at over 4 per cent in 2014, has shrunk to less than one per cent in 2018, an official release said. NITI […]

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PM Modi Audited Execution of Energy and Mining Sector Programs

The PM Modi review meeting lasted for two hours and was attended by top officials from infrastructure-related Ministries, NITI Aayog, and PMO. In order to assure the credibility of energy and mining sector, PM Modi reviewed key infrastructure sectors of power, renewable energy, petroleum and natural gas, coal, and mining. The review meeting lasting for two […]

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Tesla may Go Private For $420 Per Share Price

The $420 share price of Tesla is seemingly decided on the fact that it is already a valuable automaker in the United States. Stunning the shareholders and onlookers, Elon Musk in a tweet mentioned about thinking to make the American Multinational Corporation, Tesla, private at a cost of USD 420 per share. The tweet made […]

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Poland Passes Amendment to Back Renewable Energy

Waiting for the president’s assent, the amendment aims at reducing the carbon footprint for the country which is heavily dependent on fossil fuel energy. Giving support to the use of clean energy, upper house of the Polish parliament passed an amendment to encourage more investment in Poland renewable energy. Waiting for the president’s assent, the […]

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BEST to Set up World’s First Thermal Battery Plant

World’s first thermal battery plant in Andhra Pradesh would manufacture thermal batteries which would supply power for a longer duration than the Lithium-ion battery. Leading power storage service provider, Bharat Energy Storage Technology (BEST) has revealed setting up a thermal battery plant in Andhra Pradesh. Considered as a great addition, world’s first thermal battery plant […]

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Apple Partners with Swiss Re, Akamai and Etsy to develop Renewable Energy

The plant collectively is expected to produce 290 MW of addition power in the Pennsylvania, Jersey, Maryland (PJM) Power Pool grid catering major parts of Eastern U.S. As part of its environmental efforts, Apple has partnered with e-commerce player- Etsy, reinsurance company- Swiss Re and Cambridge’s cloud service provider- Akamai Technologies to develop two new wind […]

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Ind-Ra Upgrades Mytrah Energy from ‘IND-BBB’ to ‘IND-A’

The rating agency has upgraded Mytrah’s long-term credit rating from ‘BBB’ TO ‘A-‘ and short term rating from ‘A3’ to ‘A2+’. A leading wind energy service provider in India, Mytrah Energy (MEIPL) has received a higher credit rating from the chief market analyst India Ratings and Research (Ind-Ra). The rating agency has upgraded Mytrah’s long-term […]

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Rico Autos foresees Rs 2,000 crore turnover by 2020

Gurugram based auto parts maker Rico Auto Industries has claimed the procurement of orders worth 1,200 crore from electric vehicles manufacturers. Following a three-way future growth strategy, the company expects revenue of Rs. 1,500 crore in the FY 2018-19 and a turnover of Rs. 2,000 crore in the following year. In order to reach this […]

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5,500 Churches in UK Run on Renewable Energy

The sudden shift to renewable energy by the churches in UK has hit the fossil fuel companies hard. London based religious charity ‘Christian Aid’ has proclaimed that 5,500 churches in UK have started depending completely on renewable energy sources for their operations. “Renewable energy is now a mainstream power source,” Emma Pinchbeck, the executive director […]

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