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Power prices to rise, with coal freight hike, green cess
- October 10, 2016
- Posted by: BiconAdmin
- Categories: DISCOMs, Miscellaneous, Power Sector
No CommentsNew rate and cess increases would erode the benefit to power plants from surplus coal availability.
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State utilities to be fined for flouting renewable purchase obligations
- October 10, 2016
- Posted by: BiconAdmin
- Categories: Ministry of Power - Policy, Miscellaneous, Power Sector, Renewable Energy
The power ministry may impose stricter penalties on state utilities that refuse to comply with renewable power purchase obligations.
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State utilities are shying away from signing PPA hampering green power growth
- October 10, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Renewable Energy
State utilities are shying away from signing PPAs (power purchase agreements) and are imposing various charges on green power producers, hampering the growth of green power share. The utilities reject the accusation. Amidst rising pollution levels in India’s cities, a shift toward cleaner sources, but unfortunately a large number of states aren’t buying green energy.
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Govt. forms Insolvency and Bankruptcy Board of India (IBBI)
- October 4, 2016
- Posted by: BiconAdmin
- Categories: Insolvency and Bankruptcy Code 2016, Miscellaneous
After the approval of the Bankruptcy Code, the Centre has constituted a four-member Insolvency and Bankruptcy Board of India (IBBI) under the Chairmanship of MS Sahoo. The main activity of IBBI would be to regulate the functioning of insolvency professionals, insolvency professional agencies and information utilities under the Insolvency and Bankruptcy Code 2016. Sahoo, who
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India Joins Paris Climate Change Agreement
- October 3, 2016
- Posted by: BiconAdmin
- Categories: Climate Change, Miscellaneous
India formally joined the Paris Climate Change Agreement by submitting its instrument of ratification at UN Headquarters in New York on 2nd October, 2016. The instrument of ratification was deposited by India’s permanent representative to the UN, Syed Akbaruddin. Consumerism, which is the key driver of global warming, was the underlined by Indian Prime Minister.
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Future of Solar power industry amidst low tariff
- October 3, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Renewable Energy
The solar power industry saw rapid decline in the tariff, in close to two years. Foreign players, and domestic players won several projects, through competitive bidding with tariff as close to INR5.00 a unit. Though the companies are confident of sustaining this tariff, one of the primary requirements is access to capital, at lower cost.
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Why are Energy Audits, Water Audits and Renewable Energy Generation need of the hour?
- September 4, 2016
- Posted by: BiconAdmin
- Categories: Energy Efficiency, Miscellaneous
India faces the challenge of sustaining its rapid economic growth along with addressing its energy security, coupled with global threat of climate change. How will Paris Agreement impact India.
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India’s plan for renewable energy storage
- September 2, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Renewable Energy
India has readied a plan for creating energy systems that could store upto 10,000 MW of intermittently generated renewable power at a fraction of the cost the West will bear. The project project showcases the frugal innovation an our ability to work around issues in a different way – India’s plan for renewable energy storage
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Maharashtra Govt. set to introduce energy conservation policy
- September 2, 2016
- Posted by: BiconAdmin
- Categories: Energy Efficiency, Miscellaneous
Maharashtra Government is set to come up with an energy conservation policy aimed at improve energy efficiency of power generation, by enhancing the technology. The Draft Policy in line with the Central Government’s Energy Conservation Policy of 2001 has been made available for public consultation.
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Piramal and Bain join hands for Debt Fund
- September 2, 2016
- Posted by: BiconAdmin
- Categories: Asset Reconstruction, Debt restructuring, Miscellaneous, Scheme for Sustainable Structuring of Stressed Assets
Piramal Enterprises an Ajay Piramal flagship company and Bain Capital Credit have signed a memorandum of understanding (MoU) to create a strategic partnership to invest in stressed assets and restructuring situations in India. The cumulative stressed corporate assets, where gross non performing assets (NPAs) of 40 listed banks stand at whooping 5.82 trillion rupees.