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Recent News

Actis plans new firm for renewable assets

Mint 07-02-2019

Private equity fund Actis LLP plans to set up a new firm to house its operational renewable energy assets in India, attracted by the nation?s growing green economy.

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Indian Railways Planning 4 Gigawatts Solar Power Capacity

Clean Technica 30-01-2019

India?s push to promote domestic manufacturing in the solar power segment may soon get a boost, thanks to the Indian Railways. The world?s fourth-largest railway network is planning to replace almost its entire power supply from thermal power plants with solar power plants.

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Sun shines on off-grid solar power

DNA 30-01-2019

As India is racing against time to achieve 100 gw of grid-connected solar power by 2022, standalone solar applications, known as off-grid solar, is fast catching up in the country, particularly in rural areas, to provide the much-needed electricity in homes in remote villages.

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Tata Power?s Renewable Energy Business Witnesses an Uptick of 9% YoY in Q3 FY19

Mercom 30-01-2019

Tata Power has reported a consolidated profit after tax (PAT) of ?2,050 million (~$28.9 million) in the third quarter of FY 2018-19. When compared to the consolidated PAT in Q3 2017-18, it is a decline of approximately 67 percent. In Q3 FY 2017-18, Tata Power?s PAT stood at ?6,280 million (~$88.5 million). The decline can be attributed to lower profits from the company?s coal business as Tata Power?s renewable business during Q3 FY 2018-19 proved to be good.

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Budget 2019: Tempered Expectations from India?s Solar Industry

Mercom 30-01-2019

The year 2018 was a tumultuous one for the solar industry. Vague interpretation of the Goods and Services Tax (GST) rates led to a long period of confusion which in turn delayed many projects. Further, the imposition of safeguard duty in the middle of the year led to many legal battles and increased the costs of solar projects. Cancellation of many auctions by state agencies amid such uncertainties also hampered the confidence of solar developers in the government.

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Solar power sector: 2019 outlook

ET Energy 09-01-2019

The outlook for the solar power industry looks positive in 2019 on the back of improved capacity addition, favourable policy push and rising demand for non-fossil fuel based energy, industry CEOs and sector experts told ETEnergyworld. They, however, caution against low tariffs hurting the viability of projects and quality of installations.

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OVL acquisitions fail to augment energy security

Financial Chronicle 08-01-2019

ONGC Videsh (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), seems to be following the trajectory taken by its parent, which failed to achieve any significant increase in domestic production of oil and gas.

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ONGC ramps up gas output

The Financial Express 07-01-2019

When ONGC acquired Gujarat government-owned GSPC?s then-languishing Deen Dayal-West (DDW) block in the Krishna Godawari basin in late 2016, apparently under a government directive, many thought it could add to the explorer?s portfolio of under-performing assets.

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UP solar tender oversubscribed

The Financial Express 04-12-2018

In what can be seen as a validation of Uttar Pradesh government?s optimism regarding setting a competitive upper tariff of Rs 3.10/kWh for its 550 MW solar tender, its entire tender bucket has been oversubscribed well within the benchmark set by it.

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Much-touted discom revival scheme heading for failure

Financial Chronicle 26-11-2018

The power sector has brought the Modi government at par with others in terms of failure to clean up the mess in the country?s distribution segment. As has been the case in the two previous debt restructuring programmes, the fate of the much-touted discom revival scheme Ujwal Discom Assurance Yojana or UDAY, launched by the present government, is also headed for a failure.

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This is mainly for completing the ambitious Bharatmala, the scheme that received Cabinet approval in October 2017.

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Coal stocks in a third of NTPC plants close to nil

The Financial Express 15-11-2018

Coal supply shortage continues to haunt NTPC, the country?s largest power generator, with latest government data showing 31% of the company?s coal-based capacity is running with ?hand to mouth? coal stock. As on November 12, six major NTPC power plants, with a combined capacity of 12,480 MW, have fuel stock of ?zero? days, data from the Central Electricity Authority show.

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IEX plans new tools for flexible power trade

The Financial Express 01-11-2018

In a bid to adapt to the evolving nature of short term electricity trade, the Indian Energy Exchange (IEX) is planning to introduce new tools for trading power in the spot market.

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They have extended their brands to products that have little bearing with their areas of core competence

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