How a startup is cracking the Indian solar market

Source gigaom.com:  It’s year one for solar in India,” says Alan Rosling, the chairman and executive director of Kiran Energy, a solar developer startup based in Mumbai. But despite the early stage and small...

Discoms in Odisha owe Gridco Rs 3,674 cr

Energy Minister of Odisha Atanu Sabyasachi Nayak on Tuesday informed the State Assembly that the four power Distribution Companies (Discoms) owe a whopping Rs 3,674 crores to the State-owned Grid Corporation of Odisha (Gridco)...

NTPC to set up its biggest green energy project in MP

National Thermal Power Corporation (NTPC) Limited will set up its biggest solar (green) power station of 50 mega watt in electricity-starved Madhya Pradesh. “We are in the process of setting up our biggest solar power project at an...

Tata Power secures funds for its solar project

Tata Power, India’s largest private power company, on Tuesday tied up the entire debt requirement through consortium of domestic lenders for its 25 Mw solar power project in Gujarat. The consortium includes lenders such...

India may have to look abroad for N-cover

Domestic insurers have said they can insure only a fourth of the $320 million liability cover mandated by the government for nuclear plant operators. This is compelling General Insurance Corporation to push for purchase...

Visa Power in talks to raise $100 million

Visa Power Ltd, which attracted investment from Blackstone Group LP in July, is in talks with private equity (PE) firms to raise an additional $100 million (Rs. 534 crore) to develop one of its...

Delhi – Govt drops idea to bail out private discoms

Delhi government on 12-12-2011 refused to infuse any equity into the Reliance Infrastructure-backed discoms BRPL and BYPL, following which power regulator DERC has given them one week’s time to inform how they will pay...

New Mines Bill provides for profit sharing

Source: BL Benefit-sharing with project-affected communities may soon become a reality in the Indian mining industry. A new Mines Bill that provides for profit and royalty sharing by mining companies with project-affected people was...

Solar power policy will not hit foreign investment

Source: BL The United States has raised concerns about the provisions on domestic content in the policy guidelines for selection of grid-connected solar power projects under the Jawaharlal Nehru National Solar Mission, the Minister...