Business & Finance

Business & Finance

NLC India JV plant in Ghatampur to supply 492 MW to Assam; inks power purchase agreement – EQ Mag

June 15, 2023 Anand Gupta

0

0

0

NLC’s India joint venture Neyveli Uttar Pradesh Power has inked a pact to supply 492 MW of electricity to Assam from its 1,980 MW Ghatampur thermal plant New Delhi : State-owned NLC’s India joint venture Neyveli Uttar Pradesh Power has inked a pact to supply 492 MW of electricity to Assam from its 1,980 MW […]

Read more

Business & Finance

Maha to generate 5,220-MW renewable power, create 6,760 new jobs – EQ Mag

June 15, 2023 Anand Gupta

0

0

0

In a major initiative, the Maharashtra government has signed MoUs to set up projects to generate 5,220-MW of renewable energy at a cost of Rs 41,000-crore Deputy Chief Minister Devendra Fadnavis said that more emphasis is being laid on setting up solar, wind and other renewable energy projects in the state. In this direction, the […]

Read more

Business & Finance

Rs 64,000-crore renewable energy transmission projects on the anvil – EQ Mag

June 15, 2023 Anand Gupta

0

0

0

The last largest tranche of power transmission projects offered to the private sector was in 2015 when eight projects totalling Rs 50,000 were tendered A record Rs 64,000 crore worth of six power transmission projects for connecting green energy installations have been approved by the National Committee on Transmission (NCT) and are likely to be […]

Read more

Business & Finance

IND Renewable Energy board approves Rs 26 cr fundraising plan – EQ Mag

June 15, 2023 Anand Gupta

0

0

0

A decision in this regard was taken at a meeting of its board members, IND Renewable Energy Ltd said in a regulatory statement. “This is in modification of our earlier communication where we had conveyed the proposal approved by the board to raise the fund up to Rs 15,00,00,000. We wish to inform you that […]

Read more

Business & Finance

Rs 35,000-cr collected in FY23: Windfall tax revenue seen falling in FY24 amid softer crude prices – EQ Mag

June 15, 2023 Anand Gupta

0

0

0

Tax rate zero since May 15; no plan to withdraw the policy The Centre collected close to Rs 35,000 crore from windfall taxes on petroleum products in FY23 and will continue with the special provision, as a safeguard against abnormal price movement in FY24. However, not much revenue is expected from this impost given the […]

Read more

Business & Finance

NTPC can acquire stranded thermal power plants rather investing in new projects: IEEFA – EQ Mag

June 15, 2023 Anand Gupta

0

0

0

According to the Institute for Energy Economics and Financial Analysis (IEEFA), acquiring and reviving stranded thermal power plants is a better option for all stakeholders, including NTPC. Strategic acquisitions and subsequent revival of stranded thermal power plants by state-owned NTPC can help banks clear their balance sheets, IEEFA has said. According to the Institute for […]

Read more

Business & Finance

SJVN and MAHAGENCO to set up 5,000 MW renewable energy projects in Maharashtra – EQ Mag

June 15, 2023 Anand Gupta

0

0

0

SJVN on Wednesday signed an agreement with Mahagenco to develop renewable energy projects with a total capacity of 5,000 megawatts (MW) in Maharashtra The MoU was signed by SJVN Director (Personnel) Geeta Kapur and Mahagenco CMD P Anablagan in the presence of Devendra Fadnavis — Deputy Chief Minister and Power Minister of Maharashtra and State […]

Read more

Business & Finance

Strengthening International Solar Alliance: France and India Join Forces for Sustainable Energy Future – EQ Mag

June 14, 2023 Anand Gupta

0

0

0

New Delhi : A high-level delegation from France, led by Chrysoula Zacharopoulou, Minister of State for Development, Francophonie and International Partnerships, held a productive meeting with R. K. Singh, the Union Minister for Power and New & Renewable Energy of India. The discussions, which took place at Shram Shakti Bhawan, focused on strengthening collaboration to […]

Read more

Business & Finance

Rs 27,000cr invested in Bengal power sector in 11 years: State Power Minister – EQ Mag

June 14, 2023 Anand Gupta

0

0

0

Kolkata : The West Bengal government has pumped in Rs 27,000 crore into the power sector since 2011 for developing generation, transmission, and distribution capacity, state Power Minister Arup Biswas said on Tuesday. He said that further investments would be made in the next few years to increase the total power capacity from the current […]

Read more

Business & Finance

IREDA IPO likely in September – EQ Mag

June 14, 2023 Anand Gupta

0

0

0

IREDA IPO: The Government of India (GoI) is planning to file Draft Red Herring Prospectus (DRHP)for the launch of initial public offering (IPO) of state-owned Indian Renewable Energy Development Agency (IREDA) by September 2023. Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told media that GoI has already appointed merchant bankers […]

Read more