The government has initiated a move to purchase electricity from solar mini-grid power projects to save investors from financial losses they have been suffering for the expansion of the national grid in off-grid project areas. According to official sources, the Power Division has recently made a decision in this regard and sent a proposal to […]
RPT-Cheaper solar power gains ground in southeast Asia
Southeast Asia is accelerating plans to harness energy from the sun in coming years as the cost of generating electricity from some solar power projects has become more affordable than gas-fired plants, officials and analysts said. The region, where power demand is expected to double by 2040, is striving to expand the share of renewable […]
Energy project financier PFS to raise Rs 4,000 cr from various investors in FY20
Renewable energy sector has been doing quite well and the company’s 60 per cent exposure is in the sector. As of now, the company has zero stress, Pawan Singh, MD and CEO of PTC India Financial Servicestold in an interview. New Delhi: Energy project financier PFS is planning to raise up to Rs 4,000 crore […]
Investors, lenders want tycoon Gautam Thapar removed as Chairman of CG Power
The company had in a regulatory filing on August 20 stated that an investigation instituted by its board had found major governance and financial lapses New Delhi: Investors and lenders of power equipment maker CG Power & Industrial Solutions Ltd want tycoon Gautam Thapar to be removed as chairman of the company after an investigation […]
ANALYSIS-Despite drought, Costa Rica’s electricity stays clean – but not cheap
Despite a harsh drought this year, Costa Rica – which relies heavily on hydropower – has been able to keep its electricity production almost entirely renewable. The dry spell, which ended in May, was the first big test of an ambitious push for clean energy, said Javier Orozco, planning director at the Costa Rican Electricity […]
