Maharashtra Government’s 100 MW Solar PV received forest clearance…

Power India found that Government of Maharashtra (GOM)’s 125 MW Solar PV Project proposed to be located at Dhule, Maharashtra has been cleared of MoEF as per GoM official.   The proposed project which advertise the GoM’s renewable energy commitments, once built up will be among the first large scale (>100 MW) projects of India’...

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Moser Baer Solar enters debt restructuring cell with RS.739 Crs in restructuring…

India’s  solar power ambitions may get a jolt with the first major company in the industry  Moser Baer Solar headed to the corporate debt restructuring cell with Rs 739 crore in restructuring.   Moser Baer Solar is a subsidiary of  Moser Baer India. Another subsidiary company Moser Baer Photo Voltaic with a debt of...

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IFC to invest USD 130 Million in the form of det and equity into INOX for 400 MW of wind projects…

Power India found that International Finance Corporation (IFC) is planning to invest around USD 130 Million in to the INOX Renewable Limited which is a subsidiary of Gujarat Flurochemicals Limited.   The funds raised will be used to fund 400 MW of wind projects in the states of Rajasthan and Gujarat. IFC’s proposed investment...

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Rajasthan to delay award of contracts for 200 MW solar projects till August…

India’s Rajasthan state will delay awarding contracts to companies to build 200 megawatts of solar capacity by about two months to August.   The last day to submit expressions of interest is May 18, M.M. Vijayvergia, executive director of the state-run Rajasthan Renewable Energy Corp., which is overseeing the process, said today...

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BEST to sign a long term PPA with Indiabulls for 300 MW…

Power India found that Brihanmumbai Electric Supply & Transport (BEST) is planning to enter into a long term Power Purchase Agreement (PPA) with Indiabulls Power Limited for 300 MW.   The move was considering the estimated exponential increase in power demand in Mumbai city over the next four-five years.   BEST is...

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Environment ministry has clear Himachal Pradesh’s proposal on clean development lead the state to move closer to World Bank’s loan of Rs. 1000 Crs…

Power India found that MoEF has cleared the Himachal Pradesh Government’s proposal for environmentally sound and carbon-smart growth in key economic sectors including tourism and hydro-power which facilitated the state government to move a step closer for getting Rs. 1,000 Crs Development Policy Loan (DPL) from World Bank.   ...

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Power Ministry to introduce competitive bidding for short term procurement of power…

Power India found that  Ministry of Power (MoP) is planning to introduce competitive bidding guidelines for short term procurement of power.   The move was to bring in more transparency in the procurement process of power.   Power India further found that the guidelines, prepared after consultations with stakeholders,...

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Solar Energy Corporation to be fully operational by June 2012 as per MNRE…

Power India found that  the newly established  Solar Energy Corporation of India (SECI), formed primarily for executing the Jawaharlal Nehru National Solar Mission (JNNSM), will be fully functional by June.   The said corporation, SECI, was formed in early 2012 with an initial investment of Rs. 20.0 Billion. (see link)...

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Narmada canal network has potential to produce 2,200 MW of solar power, to save 11000 acres of land…

If even 10 per cent of the 19,000 km-long Narmada canal network in Gujarat is used for setting up canal-top solar panels, it has the potential to produce 2,200 MW of solar power, save 11,000 acres of land that would otherwise be used and prevent 2,000 crore of precious water from evaporation annually, the Chief Minister, Mr Narendra Modi,...

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