IDFC Alternatives eyes First Solar’s India assets

IDFC Alternatives, the asset management arm of the infrastructure-focused lender, is in talks to buy First Solar’s 200 megawatts (MW) of renewable power assets in India in a deal potentially valued at around $200...

Delhi’s inefficient electricity subsidies

Who doesn’t like discounts or freebies, especially from the government? Subsidies aren’t inherently wrong—they can help keep goods and services affordable, and encourage “good” things like education. The challenge is making them efficient and...

Power deficit drops to less than 1 per cent in 2016-17

India’s power deficit dropped to a historical low of less than 1% last fiscal, thanks to record electricity generation capacity added over the last few years, adequate coal stocks and transmission facilities, coupled with...

Minister launches mobile app for interface with discoms

Union Power Minister Piyush Goyal on Tuesday launched the ‘Urja Mitra’ mobile application that allows consumers across India to exchange real-time information with electricity distribution companies (discoms) on power supply. “Urja Mitra provides a...

Hydro power generation grows after two­years

Hydro power generation in the country posted a marginal growth of under a percent in FY 17 after two­years of consecutive dip in FY 16 and FY 15 over the respective corresponding period. This...

India releases draft guidelines for wind tenders

India’s Ministry of New & Renewable Energy (MNRE) on Friday published draft guidelines for wind power auctions and said it is seeking comments and suggestions on the proposed rules by April 21. Currently, distribution...