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Centre's solar plans get $98-m boost from World Bank

The Hindu Businessline 21-11-2017

India's attempts at generating electricity from renewable sources have got a boost from the World Bank in the form of a $98-million loan agreement.

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Taaleri eyes Fortum's solar power projects in India

Mint 21-11-2017

Taaleri Plc has evinced interest in acquiring a stake in Finland?s state-controlled power utility Fortum Oyj?s operational Indian solar power projects, said two people aware of the development.

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Reliance Industries, Adani, REC issue $1.7-billion bonds

Business Standard 21-11-2017

Reliance Industries, Adani Abbot Point Terminal, and Rural Electrification Corporation (REC) on Monday launched bond issues overseas worth $1.7 billion in order to reduce their finance costs.

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Clean energy firms eyeing SE Asia, Middle East & Africa to hedge risks

The Economic Times 21-11-2017

Clean energy companies are increasingly looking abroad to expand business and diversify risks even as some state utilities in the country are now backing out of contracts, threatening the viability of a number of renewable power plants.

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Coal India may double supplies via road

The Economic Times 21-11-2017

Coal India plans to almost double supplies to power generators within a 60 km radius of its pits, using 13,500 trucks every day, in a bid to ease a coal shortage at such plants.

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Green companies expect easier financing

The Economic Times 20-11-2017

India?s rapidly growing renewable energy projects will gain from easier finance for investments following the upgrade of the country?s sovereign rating by Moody's, industry leaders said.

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India not to sell Cairn Energy shares to recover tax

The Economic Times 20-11-2017

The income tax department will not sell the attached shares of Cairn Energy to recover a Rs 10,247-crore retrospective tax demand as it fears that replenishing them in case of an international arbitration going against it will be difficult, a senior official said.

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Coal dispatches to power sector rise 18 per cent in October

The Economic Times 20-11-2017

Coal dispatches from state-run miner Coal India Ltd (CIL) to power sector improved by 18 per cent to 39.9 million tonnes in October, official data showed.

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Power rate at IEX touches a high of Rs7.5 per unit due to coal shortage, say experts

Mint 20-11-2017

Power prices at the Indian Energy Exchange (IEX) touched a high of Rs7.5 per unit last week, suggesting that power generation is still haunted by coal shortage at thermal plants, experts said.

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New math for power plant coal stocks

Business Standard 20-11-2017

As power plants across the country complain about a coal shortage, the Central Electricity Authority (CEA) has overhauled the methodology to calculate coal stocks and the level at which a plant can be declared critical.

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PM for renewed efforts to boost coal sector

The Hindu Businessline 20-11-2017

Prime Minister Narendra Modi reviewed the progress of key infrastructure sectors including Pradhan Mantri Gram Sadak Yojana (PMGSY), housing, coal and power.

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India became third largest nation for energy investment in 2016, says IEA

The Economic Times 20-11-2017

India became the third largest country for energy investment in 2016 only behind China and the United States of America, an International Energy Agency's report pointed out.

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Bid to fight air pollution: NTPC to use crop stubble in fuel mix

The Economic Times 17-11-2017

In an initiative to help curb increasing air pollution in Delhi and neighbouring states, the Centre has told NTPC to procure farm stubble from states like Punjab and Haryana to be used in its fuel mix, power minister R K Singh has said.

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CIL mulls increase in prices to meet rise in wage costs

The Economic Times 17-11-2017

Coal India is considering raising prices to meet the cost of the 20% wage hike. It last raised prices by 10% in May last year.

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Siemens to cut 6,900 jobs across its energy businesses

The Economic Times 17-11-2017

Siemens plans to cut about 6,900 jobs across its businesses supplying the power generation and oil and gas industries, which have been hit by the rapid growth of renewable energy.

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