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Category Archives: investment

State bank of india

Offshore wind energy target raised

Industries give keen response to 1 GW EoI India has raised its long-term target to install 30-GW of offshore wind power generators by 2030, up from 5-GW by 2022 and responding to a recent keen interest seen from both the domestic and global industries.

NLCIL to solar dry lignite

Goyal launches solar projects in Tamil Nadu Neyveli Lignite Corporation India Limited (NLCIL) will work on a pilot project on solar drying of lignite to increase its Caloric Value from 2,700 Kcal to 4,350 Kcal.

Azure Power Plant

Azure wins Assam solar project

25-year PPA with APDCL Azure Power (NYSE: AZRE), one of India’s leading independent solar power producers, has won the largest, 75 MWs, solar power project in the North Eastern region.

Ultraviolette develops electric motorcycle

Battery-swap infrastructure in the works Ultraviolette Automotive Pvt. Ltd., an innovator in sustainable mobility and energy infrastructure, is developing India’s first ecosystem of high performance electric motorcycles and future-ready energy infrastructure to accelerate the adoption of electric vehicles across India.

Modi inaugurates power projects in J&K

66 months for implementing Pakal Dul Prime Minister Narendra Modi has inaugurated the Rs.5,882 crore Kishanganga Hydroelectric plant and laid the Foundation Stone of the Pakal Dul Power Project in Jammu & Kashmir on 19 May 2018.

Department of agriculture logo

Funding scheme bio refineries

Biofuels policy based on ethanol approved   The Union Cabinet has approved National Policy on Biofuels 2018 with likely funding schemes for bio refineries and setting up of supply chain mechanism.

IPP coal rationalization plan approved

Task force works on coal cost control A task force has worked out mechanism to reduce landed price of coal, leading to savings in cost of power generated and reduce transportation cost.


NTPC takes over three Bihar plants

Takeover to ensure efficiency and lower tariff   NTPC Limited is taking over Bihar’s three power generation facilities to help improve the performance of Power Sector in state.


BHEL wins Nepal hydropower plant

Order covers design, engineering and manufacturing BHEL has secured a Rs.536 crore order to execute a 900 MW Arun-3 Hydroelectric Project from SJVN Arun-3 Power Development Company (SAPDC), the largest hydropower project in Nepal.