Daily Archive: June 8, 2015

Dabhol plant to reopen after 532 days

After an almost 532-day closure, power generation at the Dabhol plant (now known as Ratnagiri project) will resume June 15. The reboot comes after Ratnagiri Gas & Power Pvt Ltd (RGPPL) secured 1.98 million...

IFC to focus on renewable energy funding in India

International Finance Corporation, part of the World Bank group, has refocused its investment strategy for the power sector and will be investing in renewable energy and hydropower projects in India. To begin with, it has...

MSEDCL cuts fuel adjustment charges to 10%

AURANGABAD: In a huge reprieve to industries across the state, the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has reduced the fuel adjustment charge (FAC) from 20% (up to Rs 1.40/unit) to 10% (Rs...

A silver lining for Coal India’s profitability

The government’s decision to auction coal linkages for non-regulated sectors is reason enough for Coal India’s investors to cheer. The fresh auctions can lead to improved realisations for supplies to non-power sectors, which accounted...

Finance cost is the key to lowering tariffs: First Solar

Solar power developers need to wait for reduction in project finance costs to cut tariffs and compete with conventional sources of energy. The US-based equipment manufacturer First Solar expects the slide in solar photovoltaic...

Applied Solar Technologies raises $40 million

Delhi-based solar power company Applied Solar Technologies (India) Pvt. Ltd (AST) has raised $40 million in a fresh round of funding led by Future Fund, the Australian government’s sovereign wealth fund. AST’s existing private...

Vizag port to foray into solar power generation

In a trend-setting move to reduce carbon footprint, Visakhapatnam Port Trust has decided to foray into generation of solar power. The port has decided in-principle to produce 15 MW by appointing Solar Energy Corporation...

Solar power at 4,000 Mw, Rajasthan in the lead

India’s solar installed capacity has crossed the 4,000 Mw mark. With close to 1.128 Mw of projects, Rajasthan has taken the lead ahead of all other states. It has elbowed out Gujarat, which has...