Phase-II of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme is being implemented with a total budgetary support of Rs 10,000 crore, Gadkari said. NEW DELHI: To boost electric mobility, the government aims to support through subsidies about 62,000 electric passenger cars and buses, besides 15 lakh electric three- […]
Payment risk from discoms resurfaces for wind projects in four states: CRISIL
Added that sustained delays could put Rs 30,000 crore of debt in stress New Delhi: Payment risk from discoms has resurfaced for wind power projects, with Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh toting up dues of Rs 5,450 crore to 156 renewable projects as of January 2021, according to CRISIL. It added that this […]
Payment risk from discoms resurfaces for wind projects in four states: CRISIL
Added that sustained delays could put Rs 30,000 crore of debt in stress New Delhi: Payment risk from discoms has resurfaced for wind power projects, with Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh toting up dues of Rs 5,450 crore to 156 renewable projects as of January 2021, according to CRISIL. It added that this […]
Triton Electric registers unit in India
The company further claimed that around 21,000 people will be employed through its manufacturing plant over the next three years. New Delhi: US-based Triton Electric Vehicle LLC on Thursday said it has registered a subsidiary in India as part of setting up a business in the country. New Jersey-headquartered Triton Electric Vehicle has registered the […]
Telangana discoms default on payment to solar developers
Telangana discoms default on payment to solar developers New Delhi: Telangana state electricity distribution companies (discoms) have not paid outstanding dues of around ₹3,200 crore to solar power developers, two people in the know said, requesting anonymity. The last payment made by state discoms was for electricity supplied till March 2020. The development may dent […]
REC, PFC sign pact to finance hydropower project in Bhutan
KHEL is a 50:50 joint venture between SJVN India and Druk Green Power Corporation (Bhutan) set up for developing the 600-MW Kholongchhu hydroelectric project in the eastern Bhutan, REC Ltd said in a statement on Wednesday. New Delhi: State-owned entities REC Ltd and Power Finance Corporation (PFC) have entered into a pact with Bhutan-based Kholongchhu […]
500 EV charging stns in 6 mths: Transport Min appeals to hotels, markets to install charging infra
New Delhi: Delhi Transport minister Kailash Gahlot on Sunday appealed to malls, corporate houses, cinema halls, hotels and market complexes to set up charging stations for electric vehicles (EVs) inside their premises. As the ‘Switch Delhi’ campaign, aimed at encouraging people to adopt electric vehicles to make Delhi a clean and pollution-free city, enters the […]
Delhi govt aims to convert its entire transport system to electric: Sisodia
New Delhi: The Delhi government aims to convert its entire transport fleet to an electric vehicle system in the next 25 years, Deputy Chief Minister Manish Sisodia said on Tuesday. “We sincerely hope that when the country is celebrating its 100th Independence Day, our Delhi will be 100 per cent free from vehicular pollution,” he […]
Electric vehicle financing industry to be worth Rs 3.7 lakh cr by 2030: Report
New Delhi: India”s electric vehicle (EV) financing industry is projected to be worth Rs 3.7 lakh crore in 2030, about 80 per cent of the current retail vehicle finance industry, according to a new report. The report titled ”Mobilising Electric Vehicle Financing in India”, prepared by Niti Aayog and Rocky Mountain Institute (RMI) India […]
CESL pitches for Delhi government’s shift to electric vehicles
New Delhi: Convergence Energy Services Ltd (CESL) a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL) has announced support for the Delhi government switch to electric vehicles. The Delhi government has mandated all its departments, autonomous bodies, and grantee institutions to shift their existing fleet of hired conventional fuel vehicles to electric variants within six […]