Egypt’s Solar Power Gets $102M Support from World Bank Agency Updated On Thu, Jan 11th, 2018 by Saurenergy The Egyptian government is moving forward on a mega project that involves private sector companies building solar and wind plants under a FiT scheme. The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group has announced a guarantee of $102.6 million for the construction of six power plants in Egypt. The power […] Read more
Rs 2,800 Cr To be Invested in Madhya Pradesh Based Solar Park by IFC Updated On Thu, Jan 11th, 2018 by Saurenergy Continues of the speculation by IFC will be utilized for the development, operation, and upkeep of the solar plant. In one of the greatest arrangements in the sustainable power source space, International Finance Corporation (IFC), some portion of World Bank gathering, is near contributing $440 million or Rs 2,800 crore in Rewa Ultra Mega Solar […] Read more
Azure Power Wins 200 MW in SECI Auction Updated On Tue, Jan 9th, 2018 by Saurenergy Azure Power will sign a power purchase agreement with SECI to supply power at a tariff of INR 2.48 per kWh for 25 years Azure Power one of India’s leading independent solar power producers, announced it has won a 200 megawatt (MW) solar power project through an auction conducted by Solar Energy Corporation of India […] Read more
Annulled: NTPC Forced to Cancel 250 Megawatt October 2017 Solar Auction Updated On Tue, Jan 9th, 2018 by Saurenergy Anand Kumar who is the Secretary in Ministry of new and renewable energy confirmed that the solar auction had been annulled. Solar auction has been annulled forcefully. NTPC has been forced to cancel the result of its 250 mw solar auction held in October last year, which was won by Azure Power quoting a tariff […] Read more
US Solar Claim Rejected by India at WTO, Investigates New Guard to Ensure Industry Updated On Tue, Jan 9th, 2018 by Saurenergy In a statement published by the WTO on Monday, India said it had changed its rules to conform with the ruling and that a U.S. claim for punitive trade sanctions was groundless. India hit back on Monday at Washington’s latest legal assault on its solar power policies at the World Trade Organization, rejecting a U.S. […] Read more
India may Consider Duty of 7.5 per cent On Imported Solar Panels Updated On Fri, Jan 5th, 2018 by Saurenergy The proposed alter could jeopardize Prime Minister Narendra Modi’s driven objective of introducing 100 gigawatts of sun oriented vitality by 2022. India, the biggest buyer of solar gear from neighboring China, is considering a 7.5 percent assessed on the imported solar panels, agreeing to government authorities with information of the situation. Such imports aren’t burdened presently, but might be renamed as engines, which are subject to the tax, the authorities said, inquiring not to […] Read more
Solar Power Projects Get Assistance from International Institutions: Government Updated On Fri, Jan 5th, 2018 by Saurenergy The assistance for solar power projects under such schemes are available to all States/UTs depending on requirement and demand. The Government has various solar power programmes which are being implemented through assistance of World Bank, International Finance Corporation and other multilateral financial institutions. This was stated by Power and New & Renewable Energy Minister, Raj […] Read more
Tata Power Renewable Energy Commissions 50 MW Solar Plant in Karnataka Updated On Wed, Jan 3rd, 2018 by Saurenergy The 50 MW solar plants have been built over 253 acres. Sale of power from solar plant has been tied up under a 25-year Power Purchase Agreement with NTPC Ltd. at a tariff of Rs. 4.84/ unit. Tata Power Renewable Energy Ltd. (TPREL), India’s largest renewable energy company has commissioned its 50 MW DCR solar […] Read more
Coal Secretary Inaugurates 130-MW Solar Power Plant of NLC in Tamil Nadu Updated On Tue, Jan 2nd, 2018 by Saurenergy The entire power generated from the solar plant would be supplied to TANGEDCO, at a preferential tariff of Rs. 5.10 per unit for 25 years, a press release stated. As part of government’s commitment to green energy initiatives, Coal Secretary Susheel Kumar inaugurated a 130 MW solar power project at 33/110 KV pooling substation in […] Read more
