Azure Power (NYSE: AZRE), a leading solar power producer in India, announced that Deepak Malhotra, Director, Infrastructure, South Asia at Caisse de dépôt et placement du Québec (CDPQ), was appointed to its Board of Directors, taking CDPQ’s total number of board seats to two. CDPQ, a long-term institutional investor that manages funds primarily for public […]
AES Corp to build $1.7 billion gas-fired power plant in Vietnam
The deal for building the 2.2-gigawatt Son My 2 Combined Cycle Gas Turbine Power Plant was signed in Hanoi HANOI : AES Corp. on Friday signed a memorandum of understanding with the Vietnamese government to build a $1.7-billion gas-fired power plant in Vietnam, the U.S. Embassy in Hanoi said. The deal for building the 2.2-gigawatt […]
Scatec Solar reaches commercial operation for its fifth 65 MW power plant in Egypt
Oslo: Scatec Solar and partners have grid connected and reached commercial operation for another 65 MW of the Benban project in Egypt. This is Scatec Solar’s fifth solar plant in country and the company now has 335 MW in operation in Egypt. The last plant is expected to reach commercial operation with a couple of […]
NTPC: demand new challenge for India’s top power producer
A sustained fall in utilization levels can be a major earnings risk, and running plants at sub-optimal levels would hit returns While tariffs in renewable energy have steadily fallen to ₹2.50 per unit, the average tariff at NTPC has risen from ₹3.18 in FY16 to ₹3.38 in FY19 While fuel availability is normalizing for NTPC Ltd, a new challenge […]
BRIEF: Scatec Solar – First part of solar power plant in Egypt in commercial operation
EXPECTS TO HAVE COMPLETED ALL SIX POWER PLANTS IN EGYPT DURING SECOND HALF OF 2019 * REG-FIRST PART OF SCATEC SOLAR’S 400 MW SOLAR POWER PLANT IN EGYPT IN COMMERCIAL OPERATION * EXPECTS TO HAVE COMPLETED ALL SIX POWER PLANTS IN EGYPT DURING SECOND HALF OF 2019 Source: reuters
Gujarat, first to use geothermal energy to generate power
Gujarat is set to become the first state in the country to use Geothermal energy to produce electricity. The power plant being set up at Dholera will become operational in April. “India’s first geothermal power plant will start operating on a pilot scale in April in Dholera, and it will produce 20 KW of electricity. […]
Six extensions later, govt cancels sole bid for solar unit, power plant
Centre fails to garner sufficient interest in project nine months after tender, as players shy away citing lack of funding support; govt may start process all over again Central government has decided to cancel the lone bid that came for setting up a solar panel manufacturing unit along with a solar power plant. The tender […]
