RBI to issues guidelines to ease the debt burden on Power Companies…

Latest in the series of good news for power sector, recently Reserve Bank of India (RBI) has announced that it will issue guidelines to allow external commercial borrowing (ECB) by power producers to retire their rupee debt with Indian banks in next seven days.   This move came from the announcement by Hon’ble Finance Minister Mr....

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Ajay devegan has set up a 25 MW solar pv plant in Gujarat with Roha Group and Kumar Mangat…

Film actor and producer Ajay Devgn has forayed into solar power sector by setting up a 25-mw unit in Gujarat in a joint venture with the Roha Group and film producer Kumar Mangat.   As said by Mr. Devgan “The thought behind our entry is that we believe solar power is the future of industry. We are aiming to reach 500 mw within...

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Sinovel (China) & Mita Teknik (Denmark) to work together for customized wind turbine control systems…

Sinovel (China based wind turbine manufacturer) and Mita Teknik (Denmark based wind turbine control system provider) one of the largest players globally in respective fields have join hands to develop customised wind turbine control systems. Speaking at the EWEA conference in Copenhagen, Sinovel, a wind turbine manufacturer and Mita-Teknik,...

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Power producers to meet PMO on low penalty level in CIL’s guaranteed FSAs…

We have posted a news that Coal India Limited  (CIL) has agreed to sign the guaranteed FSAs with the power producers however with the lowest penalty level. (See the post here). With the current level of penalty, CIL would have to pay only Rs. 77 lacs annually if it fails to supply the guaranteed quantity of coal. Private Power Producers,...

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