New Delhi : Mr Anand Kumar, Chairman, Gujarat Electricity Regulatory Commission (GERC) today said that there is a huge opportunity for investment in renewable energy and transmission business in Gujarat. Addressing the webinar on Ensuring Power Sector Viability & Reviving Investment Outlook organized by FICCI, Mr Kumar said, Gujarat has taken care of payment issues […]
Lockdown: Cabinet likely to approve package for power discoms reeling under revenue loss
The package may also include steps like directions to the state and central power regulators to reduce electricity traiff The Union cabinet is likely to approve next week a package for discoms reeling under revenue loss due to lower power demand amid the coronavirus lockdown, including setting up of an alternative investment fund to pay […]
Covid-19: Need to focus on improving domestic solar manufacturing, says official
India has a strong manufacturing base for wind equipment, but when it comes to solar, we import 85-87 per cent of our requirement from China and other countries. COVID-19 has given us a lesson that we must ensure energy security for our country Mumbai: As Indian solar industry is heavily dependent on Chinese imports and […]
Govt mulls investment fund to pay off discoms’ dues towards gencos
The creation of the fund assumes significance in view of lower power demand during the coronavirus lockdown. Electricity demand has reduced by a third during the lockdown New Delhi: The government is mulling an alternative investment fund to pay off discoms’ dues towards power generation companies, a senior official said. The payment of dues would […]
India’s Renewable Sector Open for Business -MNRE Secretary
A Webinar organised by the USISPF to connect US investors with opportunities in Indian renewable sector threw up some insights, and assurances, as MNRE secretary Anand Kumar pitched for more investments from US firms in the sector. At a Webinar organised late yesterday evening by the US India Strategic Partnership Forum (USISPF), participants got dollops […]
COVID-19: MNRE to promote local manufacturing, export hubs for renewable energy
“All states and ports are requested to identify land parcels of 50-500 acres for setting up renewable energy manufacturing and export services hub,” said Anand Kumar, secretary, MNRE, in a twitter post recently New Delhi: In a bid to minimise the impact of COVID-19 pandemic on the heavily import-dependent domestic solar industry, the Ministry of […]
Additional $80 billion investment required to achieve India’s 2022 renewable target: MNRE secretary
Additional Regional Energy Management Centres (REMCs) were being set up to increase the share of renewable energy and to mitigate investment risks in the sector and a Payment Security Mechanism has been implemented. To aid the growth of the renewable energy sector and encourage investments in the sector, Anand Kumar, secretary of the Ministry of […]
India eyes 500 GW of renewable energy capacity by 2030
India plans to add 500 gigawatts (GW) of renewable energy to its electricity grid by 2030, in a bid to clean up air in its cities and increase the share of renewables in its electricity grid, the government said on Tuesday. “By 2030 India plans to establish 500 GW of renewable energy capacity,” said Anand […]