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. […]
Budget likely to charge up electric vehicle push with tax incentives
The govt is also examining extension of tax holiday for units operating or planning to set up operations in special economic zones With promotion of clean energy high on government agenda, the upcoming Budget is likely to incentivise manufacturing of electric vehicles (EVs) in the country. This is also expected to drive foreign direct investment […]
Solar module makers seek manufacturing incentives in Budget
Solar module makers’ body AISIA Wednesday sought manufacturing incentives like subsidies, interest subvention, import duty exemption and depreciation benefit in the forthcoming Budget. In its pre-Budget recommendations, the All India Solar Industries Association (AISIA) said this is the right time to provide these incentives as the future of the industry is at stake. “Raising concerns […]
ZunRoof receives USICEF’s grant
Solar rooftop firm ZunRoof Tech said Wednesday that it has received a grant from US-India Clean Energy Finance (USICEF) in the fourth round of funding programme. The USICEF is a partnership between the Ministry of New and Renewable Energy, the India Renewable Energy Development Agency (IREDA), the Overseas Private Investment Corporation (OPIC) and a consortium […]
Uttar Pradesh plans to commission 1500 MW solar projects by next year
Uttar Pradesh plans to commission 1500 MW solar capacity power plants by next year, state minister for department of additional sources of energy Brajesh Pathak said. The Centre has set a target of installing 175 GW of renewable energy capacity by 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from […]
NTPC bags 40 MW solar projects in UPNEDA’s auction
State-run power major NTPC Tuesday said it has won 40 MW solar energy projects in an auction conducted by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). “NTPC participated in UPNEDA’s tender for 500 MW Solar capacity with two bids of 20 MW each at Auraiya and Rihand,” the company said in a statement. […]
Australian firm partners with Indian power company to develop India’s first lithium refinery
Australian mining company Neometals has entered into a deal with Indian power conglomerate Manikaran Power to jointly fund a feasibility study to set up India’s first lithium refinery. The refinery, if established, would process ore from the Mount Marion mine in Western Australia to produce battery-grade material for electric cars. The two companies have agreed […]
Inox Wind commissions common power evacuation facilities in Gujarat
Wind turbine maker Inox Wind Monday said it has commissioned the common power evacuation facilities at Dayapar site in Bhuj in Gujarat. “The common power evacuation systems for the wind park comprise of a 220 KV sub-station, a 220 KV double circuit transmission line and associated infrastructure. The common infrastructure is capable of supporting power […]
Auto stocks decline post NITI Aayog’s directive on electric vehicle
So far in 2019, the Nifty auto index has slipped 14 per cent as against a 7 per cent rise in the Nifty50 index. Shares of two and three wheeler auto-makers like TVS Motors and Bajaj Auto came under heavy selling pressure during the morning deals on Monday after the government think-tank NITI Aayog gave […]
Automakers run into collision with Centre’s electric vehicle plan
Companies such as Bajaj Auto and TVS Motor have objected to banning two- and three-wheelers and asked for at least four months to come up with a comprehensive plan Two- and three-wheeler manufacturers are stoutly resisting the government’s e-mobility plan. The government wants to ban internal combustion engine (ICE)-powered three- and two-wheelers (with an engine […]