NTT will provide electricity by using power saved in batteries at the 7,300 buildings it owns and will purchase power from others, the report said. Nippon Telegraph and Telephone Corp will spend about 600 billion yen ($5.5 billion) to build power distribution networks, the Nikkei newspaper reported, without citing its sources.In a rare move for […]
Sanctity of contracts is key for Indian renewable projects: FMO CEO
Peter van Mierlo says the Dutch development finance institution is in India for the long term and is unperturbed by the current slowdown, which he says is temporary in any case Dutch development finance institution FMO is in India for the long haul. Its chief executive Peter van Mierlo tells Abhijit Lele that the liquidity crunch and slowdown will […]
Exclusive | CLP India frontrunner for Mahindra & Mahindra’s solar power assets
A source said Avendus Capital has the sale mandate for the proposed transaction. CLP India, a big investor in the country’s power sector, has emerged as the frontrunner to buy a part of Mahindra Susten’s solar power portfolio, sources with knowledge of the matter told Moneycontrol. Mahindra Susten is the renewable energy arm of the […]
NTPC units faced coal shortage in FY17-19; CERC denies relief
Company blames Coal India and Centre’s no-import policy NTPC, the country’s largest power generator, has said many of its units faced a coal shortage in the past two financial years, owing to low production and the Centre’s restriction on importing it. In a recent petition to the Central Electricity Regulatory Commission (CERC), it said this […]
Newly Formed Strategic Solar Sourcing Equips Small And Medium Size Companies To Compete In Solar
Enterprise-level solar supply chain outsourcing services and products positioned as solar market disruptor DALLAS : A group of seasoned wind and solar industry executives today launched a new company, Strategic Solar Sourcing, that is the first to offer small and medium-sized solar businesses supply chain management outsourcing services and products previously available only to large […]
Sterlite Power bags two transmission projects worth Rs 3000 crore
The company has already completed a wind energy evacuation project in Brazil earlier this year. Power transmission player Sterlite Power on August 9 said it has bagged two contracts worth Rs 3,000 crore for setting up inter-state projects for Udupi- Kasargode and WRSS 21 (part B) involving lines and GIS substations. With these two projects […]
Electric vehicle start-up SmartE gets Rs 100-crore investment from Mitsui
The company will use the funding to rapidly increase its fleet size within Delhi-NCR as well as other key cities around the country Electric vehicle (EV) start-up SmartE has raised Rs 100 crore from Japanese major trading house Mitsui & Co in a Series B funding round. In addition to the capital, Mitsui will bring […]
Electric vehicle start-up SmartE gets Rs 100-crore investment from Mitsui
The company will use the funding to rapidly increase its fleet size within Delhi-NCR as well as other key cities around the country Electric vehicle (EV) start-up SmartE has raised Rs 100 crore from Japanese major trading house Mitsui & Co in a Series B funding round. In addition to the capital, Mitsui will bring […]
Tata Steel looks to ride India’s electric vehicle wave with charging infra
While Indian Oil Corporation has partnered clean energy firm Fortum India for EV charging stations, Hindustan Petroleum is setting up charging stations with Tata Power Tata Steel is looking to ride India’s electric vehicle (EV) revolution with charging infrastructure as the firm plans to create infrastructure, provide engineering solutions, and anchor partnerships for the project. […]
Kia Motors plans to launch low-cost electric vehicles in India with Hyundai
Kia Motors Corporation President and CEO Han-Woo Park said Kia Motors already has some products for hybrid, plug-in-hybrid, electric vehicle and fuel cell vehicles which are being sold globally South Korean auto major Kia Motors Corporation is considering a low-cost electric vehicle (EV) for India in collaboration with group firm Hyundai Motors and wants personal […]