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ReNew Power targets 3.500 Mw extra capacity every year

The Goldman Sachs-supported ReNew Power plans to add 3,500 Mw every year to maintain its share of 10 per cent green capacity by 2020. The company, which has 1,130 Mw of commissioned capacity, will require $10-12 billion funding,...

IFC to invest $125 million in Hero Future Energies

International Finance Corp. (IFC), the private sector investment arm of the World Bank, said on Tuesday it will invest $125 million (Rs.840 crore) in Hero Future Energies Ltd, the renewable energy arm of the...

Amrapali faces rap for ‘inflated’ power tariff

The UP Electricity Regulatory Commission (UPERC) has instructed Pachimanchal Vidyut Vitaran Nigam Limited (PVVNL) to take stern action against realtor Amrapali, which residents have accused of issuing electricity bills at a higher rate than...

Tata Power 1Q profit plunges 76% as expenses mount

Tata Power, India’s largest private electricity producer, said its first-quarter net income plunged, weighed by several one-off costs incurred at its flagship plant and accounting losses stemming from currency fluctuations. The company, which has a generation capacity of 9,184 megawatts,...

India adds 3.6 GW to solar capacity

India’s total installed solar capacity has grown by over 80% in the last 12 months to reach 8.1 GW. Out of the 3.6 GW capacity added in this period, 2.7 GW has come from...

Re-envisaging renewable energy potential in NE

India is battling with a two-pronged problem of environment as well as energy crisis.Together with its prolonged struggle to remove the evils of inequality, poverty and improvement of the human development indicators, a constant...

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