India

Annual Report of Power Finance Corporation Limited For the FY 2020-21

India

PFC issues India’s first-ever Euro Green Bond – EQ Mag Pro

September 17, 2021 Anand Gupta

Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has successfully issued its maiden Euro 300 million 7-year Euro Bond issuance on 13.09.2021. The pricing of 1.841% achieved is the lowest yield locked in by an Indian Issuer in the Euro markets. It is the first ever Euro denominated Green bond issuance from […]

India

Power Minister addresses energy industry under US India Strategic Partnership Forum – EQ Mag Pro

September 17, 2021 Anand Gupta

The Union Minister of Power, New & Renewable Energy, Sh. R. K. Singh addressed the US India Strategic Partnership Forum and industry leaders, in a Virtual Energy Industry Roundtable, today here. Shri Singh apprised about the Government of India’s priorities for the energy sector as the ministry begins to work on Hon’ble Prime Minister’s vision […]

India

India’s coal-fired power output falls 1.5%, renewables jumps in September – EQ Mag Pro

September 17, 2021 Anand Gupta

Renewable energy output rose 53.6% in September, driven by a more than doubling of wind power production and an 18.6% rise in solar power generation, the POSOCO data showed, making up for a 5.3% fall in hydro power output, and a 33.7% decline in gas-fired power. India’s coal-fired electricity generation so far this month fell […]

India

AP accepts SECI offer for solar power – EQ Mag Pro

September 17, 2021 Anand Gupta

The Andhra Pradesh government on Thursday decided to take the Solar Energy Corporation of India’s offer of supplying 9,000 MW of solar power to meet the needs of the agriculture sector for the next 30 years. The state Cabinet, which met here under the chairmanship of Chief Minister Y S Jagan Mohan Reddy, approved a […]

BHEL Floats Tender For Balance of System works (Pkg-2) for 100MW (AC) Floating Solar PV Power Plant, Telangana

India

BHEL commissions India’s largest floating Solar PV plant Major milestone towards self-reliance in floating solar technology – EQ Mag Pro

September 17, 2021 Anand Gupta

New Delhi: Bharat Heavy Electricals Limited (BHEL) has successfully commissioned India’s largest floating Solar PV plant. Located at NTPC Simhadri in Andhra Pradesh, the 25 MW floating SPV project covers an area of 100 acres, leading to saving of valuable land resource and conserving water by reducing evaporation. Notably, with its unique state-of-the-art design, the […]

RWE inks deal to procure integrated battery energy storage systems from LG Energy Solution for projects co-located with U.S. solar facilities

India

Bids for 4,000 MWhr battery storage projects to be invited soon: Power Minister – EQ Mag Pro

September 17, 2021 Anand Gupta

New Delhi: India will soon invite global bids for battery storage projects totalling 4,000 MWhr (megawatt hours), Union Power Minister R K Singh said on Thursday. He made the announcement while addressing the US India Strategic Partnership Forum and industry leaders in a Virtual Energy Industry Roundtable, the Ministry of Power said in a statement. […]

India

Gujarat High Court issues notice on solar energy subsidy pullback – EQ Mag Pro

September 16, 2021 Anand Gupta

The high court was moved by a businessman from Mahisagar district, Ramanlal Patel, who submitted that he had invested in setting up a solar power project following the Gujarat Industrial Policy, 2020. Ahmedabad: The Gujarat high court has issued notice to concerned state authorities in response to a petition challenging the government’s decision to withdraw […]

India

Pusuluri Venkata Pulla Rao vs The State Of Andhra Pradesh – EQ Mag Pro

September 16, 2021 Anand Gupta

THE HONOURABLE SRI JUSTICE BATTU DEVANAND Writ Petition No.20239 of 2021 ORDER:- Heard learned counsel for the petitioner and the learned counsel appearing for the respondents. 02. This Writ Petition has been filed against the action of the respondents in not clearing the bills submitted by the petitioner after execution of works pursuant to the […]

India

M.Sudhakara Rao vs State Of Andhra Pradesh – EQ Mag Pro

September 16, 2021 Anand Gupta

THE HONOURABLE SRI JUSTICE D.RAMESH WRIT PETITION No.12572 of 2021 ORDER: The Writ Petition is filed under Article 226 of the Constitution of India seeking to declare the action of the 2nd respondent in keeping the application of the petitioners for approval of layout plan in abeyance by virtue of orders in Rc.No.9890/2015/L5 Dt.21/05/2018 as […]

India

India launches $3.5 bn incentives for green cars – EQ Mag Pro

September 16, 2021 Anand Gupta

The incentives will be provided to automobile and drone manufacturers in India over a five-year period. New Delhi: India will splash 257 billion rupees ($3.5 billion) on incentives for the auto sector to boost production of clean cars, the government said Wednesday, as it seeks to cut greenhouse gas emissions as part of the Paris […]