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Maharashtra Govt. set to introduce energy conservation policy
- September 2, 2016
- Posted by: BiconAdmin
- Categories: Energy Efficiency, Miscellaneous
No CommentsMaharashtra 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.
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New BEE Ratings for inverter AC segment – ISEER
- September 2, 2016
- Posted by: BiconAdmin
- Categories: Energy Efficiency, Miscellaneous
The Bureau of Energy Efficiency (BEE), India is proposing to make the new star rating methodology mandatory from January 2018. Though the AC segment will see a growth in the demand, in line with the global trends, it is also believed, that the prices of star labelled ACs are expected to shoot up. The new
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Discoms arbitrarily shutting off solar power, government tells CERC
- August 26, 2016
- Posted by: BiconAdmin
- Categories: DISCOMs, Miscellaneous
The Ministry of New and Renewable Energy (MNRE) has complained to the Central Electricity Regulatory Commission (CERC) that some discoms are not fully evacuating the solar power available to them, resulting in losses for solar developers. Discoms have been arbitrarily shutting off power from solar projects, for varying lengths of time, often during peak consumption
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Government extends subsidy scheme to solar-powered cold storages
- August 26, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Renewable Energy
In a bid to boost the use of solar powered cold storages, the Ministry of New and Renewable Energy has extended its subsidy scheme to solar refrigeration units as well. Most solar powered items, including solar lamps and solar heating systems, enjoy a 30% subsidy under different MNRE programmes. “Solar-powered cold storages are still at
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Azure Power in talks to sell stake to Brookfield
- August 15, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Renewable Energy
Azure Power Global is in talks with Canadian asset manager Brookfield to raise as much as Rs 500 crore by selling a significant minority stake to fund the Delhi based clean energy firm’s plans to expand its generation capacity, two people with direct knowledge of the development said. The fund raise would be a prelude
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Tata Power to Boost Energy Efficiency
- August 15, 2016
- Posted by: BiconAdmin
- Categories: Energy Efficiency, Miscellaneous, Smart Grid
Tata Power Delhi Distribution is collaborating with multiple companies, institutions and funding agencies for technology innovation to introduce host of energy efficiency measures. The company is tying up with General Electric, IBM, RayChem and 3M as well as USAID, USTDA and Fin Pro for carrying out research in developing cost-effective energy saving technologies. It has
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Madhya Pradesh joins “UDAY” scheme; would derive an overall net benefit of Rs 17,515 crore through “UDAY”
- August 13, 2016
- Posted by: BiconAdmin
- Categories: Ministry of Power - Policy, Miscellaneous, Power Sector
The Government of India, the State of Madhya Pradesh and the DISCOMs of Madhya Pradesh (MP Poorva Kshetra Vidhyut Vitran Nigam Ltd., MP Paschim Kshetra Vidhyut Vitran Nigam Ltd. and MP Madhya Kshetra Vidhyut Vitran Nigam Ltd.) signed Memorandum of Understanding (MOU) under the Scheme UDAY – “Ujwal DISCOM Assurance Yojana” today for operational and
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With UDAY Scheme State DISCOMs cut losses
- August 13, 2016
- Posted by: BiconAdmin
- Categories: Ministry of Power - Policy, Miscellaneous, Power Sector
State power distribution companies have sharply reduced commercial losses and interest costs with Uday scheme. The average power generation cost in the country has also come down by 13% to Rs 2.77 per unit in the three-month period ending June from Rs 3.19 per unit during April-June of 2015, a senior power ministry official said.
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UDAY will cover private discoms soon
- August 13, 2016
- Posted by: BiconAdmin
- Categories: Ministry of Power - Policy, Miscellaneous, Power Sector
The ministry of power plans to approach the Cabinet to incorporate private power distribution companies (discoms) in the Ujwal Discoms Assurance Yojana (UDAY) scheme. Total 10 states under UDAY reforms, eight more to join soon. UDAY is the restructuring plan of the NDA government to bailout the financially and operationally beleaguered state-owned power utilities. One