Author Archives: Nithin Thomas Prasad

About Nithin Thomas Prasad

Nithin is a staff reporter at Mercom India. Previously with Reuters News, he has covered oil, metals and agricultural commodity markets across global markets. He has also covered refinery and pipeline explosions, oil and gas leaks, Atlantic region hurricane developments, and other natural disasters. Nithin holds a Masters Degree in Applied Economics from Christ University, Bangalore and a Bachelor's Degree in Commerce from Loyola College, Chennai. More articles from Nithin.

nithin@mercomindia.com

@nithinthomas91

NTPC Raises $750 Billion Syndicated Loan to Reduce Emissions from Power Projects

NTPC Raises $750 Million Syndicated Loan to Reduce Emissions from Power Projects

The National Thermal Power Corporation (NTPC) announced that it had raised a syndicated loan worth $750 million (~₹53.5 billion) in Japanese Yen to fund capital expenditure for the installation of ...
/ / Other Energy
Rajasthan Electronics Seeks to Empanel Agencies for Setting Up EV Charging Stations

Rajasthan Electronics Seeks to Empanel Agencies for Setting Up EV Charging Stations

The Rajasthan Electronics and Instruments Limited (REIL), a public-sector enterprise operating in the electronics, information technology, and renewable energy segment, has floated an expression of interest (EoI) to empanel agencies ...
Ajmer Calls for Bids to Solarize 5,874 Water Pumps Under KUSUM Program

Ajmer Calls for Bids to Solarize 5,874 Water Pumps Under KUSUM Program

The Ajmer Vidyut Vitran Nigam Limited (AVVNL) has floated a tender for the solarization of 5,874 pumps distributed on 92 selected feeders in the Ajmer distribution company to aid the ...
Economic Survey 2020_ India on Track to Meet its Renewable Target

Economic Survey 2020: India on Track to Meet its Renewable Target

The Ministry of Finance’s Economic Survey for 2020 highlighted the government’s efforts to push for renewable energy and fight climate change in 2019. It, however, did not make any comments ...
Jaipur DISCOM Floats Tender for 6,367 Solar Pumps Under KUSUM Program

Jaipur DISCOM Floats Tender for Solarization of 6,367 Water Pumps Under KUSUM Program

The Jaipur Vidyut Vitran Nigam Limited (JVVNL) has floated a tender for solarization of 6,367 grid-connected water pumps under Component-C of the government’s KUSUM Program. The scope of work will ...
Tata Power Reports 12% Rise in Q3 FY20 Net Profit with Renewable Additions

Tata Power Reports 12% Rise in Q3 FY20 Net Profit with Renewable Additions

Tata Power has announced its earnings for the third quarter of the financial year 2020 (Q3 FY20), posting a net profit of ₹2.46 billion (~$34.5 million) during the quarter, up ...
NHPC’s 2 GW Solar Tender Receives Bids from Nine Developers, Oversubscribed by 1.7 GW

NHPC’s 2 GW Solar Tender Oversubscribed

The National Hydroelectric Power Corporation’s (NHPC) tender for 2 GW of Interstate transmission systems (ISTS) connected solar projects has been oversubscribed by 1.78 GW. The tender received bids from nine ...
MNRE Releases List of Technically Qualified Organizations for Biogas Study

MNRE Releases List of Technically Qualified Organizations for Biogas Study

The Ministry of New and Renewable Energy (MNRE) has released a list of technically qualified organizations for independent third-party evaluation study for the New National Biogas and Organic Manure Program ...
/ / Biofuel, Other
Madhya Pradesh Issues RfP for 25 MW of Rooftop Solar Projects with Battery StorageMadhya Pradesh Issues RfP for 25 MW of Rooftop Solar Projects with Battery Storage

Madhya Pradesh Issues RfP for 25 MW of Rooftop Solar Projects with Battery Storage

The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has issued a request for proposal (RfP) to select contractors for grid-connected and off-grid rooftop solar projects within the state. The off-grid ...
1.4 GW of ISTS Solar Projects Awarded by NTPC Stand Canceled

1.4 GW of ISTS Solar Projects Awarded by NTPC Stand Canceled

In an important development for the industry, 1.4 GW of solar projects that were awarded under the National Thermal Power Corporation’s (NTPC) 2 GW auction has been canceled due to ...
CDC Group has Allocated $10 Million to Boost Solar Power in South Africa and Namibia

CDC Group has Allocated $10 Million to Boost Solar Power in South Africa and Namibia

CDC Group, a U.K. government-owned financial development institution, has announced that it plans to invest £2 billion (~₹184.41 billion) in African businesses over the next two years to double the ...
AfDB Sponsored Off-Grid Energy Access Fund Successfully Raises $59 Million

AfDB Sponsored Off-Grid Energy Access Fund Successfully Raises $59 Million

The African Development Bank (AfDB) recently announced that the Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) reached its final equity close target of $59 million (~₹4.17 billion) ...
NTPC Floats O&M Tender for 10 MW Solar Project in Telangana

NTPC Floats O&M Tender for 10 MW Solar Project in Telangana

The National Thermal Power Corporation (NTPC) has invited bids for the operation and maintenance of a 10 MW solar project in Ramagundam, a city in the Peddapalli district of Telangana, ...
India May Experience a Net-Negative Agricultural Impact from Climate Change_ Report

India May Experience a Net-Negative Agricultural Impact from Climate Change: Report

The McKinsey Global Institute (MGI) has released a report titled “Climate Risk and Response,” which focuses on understanding the nature and extent of physical risk from climate change over the ...
/ / Other, Other Energy
China Sets a Subsidy Budget of RMB 1.5 Billion for New Solar Projects in 2020

China Sets a Subsidy Budget of RMB 1.5 Billion for New Solar Projects in 2020

China’s National Energy Administration (NEA) has announced that it plans to provide subsidies of RMB 1.5 billion (~$216.1 million) for new solar power projects in the country this year, according ...
MAHAGENCO Invites EoI for a 10 MW Floating Solar Project

NHPC to Enlist EPC Vendors for Floating and Ground-Mounted Solar Projects

The National Hydroelectric Power Corporation (NHPC) has issued documents for enlisting engineering, procurement, and construction (EPC) vendors for floating and ground-mounted solar projects starting from 10 MW in size. The ...
Uttar Pradesh Reviews Regulations for Captive Renewable Projects

Uttar Pradesh Reviews Regulations for Captive Renewable Projects

The Uttar Pradesh Energy Regulatory Commission (UPERC) has reviewed its regulations for captive and renewable energy generating projects (CRE Regulations, 2019) in response to a petition from the Uttar Pradesh ...
IFC Announces $212.5 Million Loan to Vietnam Bank to Boost Lending for Renewables

IFC Announces $212.5 Million Loan to Vietnam Bank to Boost Lending for Renewables

The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it would provide a loan to the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) ...
Assam Floats Tender To Convert Diesel Operated Water Pipelines to Solar

Assam Floats Tender to Convert Diesel Operated Water Pipelines to Solar

The Public Health Engineering Department (PHED) of Assam has floated a tender for the “conversion of diesel-driven water pipelines to solar power operated piped water supply system” in eight different ...
Maharashtra DISCOM Asked to Extend Commissioning Timeline for 100 MW of Wind Projects

Maharashtra DISCOM Asked to Extend Commissioning Timeline for 100 MW of Wind Projects

The Maharashtra Electricity Regulatory Commission (MERC) has asked the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to extend the financial closure and scheduled commissioning dates for a wind power project ...
/ / Wind
New Method Could Produce Ethanol From Plant Waste at a Low Cost

New Method Could Produce Ethanol From Plant Waste at a Low Cost

A new process that could significantly reduce the cost of producing biofuels like ethanol from plant waste has been discovered by researchers at Rutgers University in New Brunswick, New Jersey ...
/ / Biofuel, Other
ENGIE to Sell 74% Stake in its Indian Solar Assets to Edelweiss Infrastructure Yield Plus

ENGIE to Sell 74% Stake in its Indian Solar Assets to Edelweiss Infrastructure Yield Plus

ENGIE, a French multinational electric utility company, has announced that it is selling a 74% stake in its solar assets in India to Edelweiss Infrastructure Yield Plus (EIYP). This transaction ...
Solar Developer ReNew Power Raises $450 Million Through Dollar Bond Issue

Solar Developer ReNew Power Raises $450 Million Through Dollar Bond Issue

ReNew Power Private Limited, a domestic renewable project developer, has raised $450 million (~₹31.96 billion) through a dollar bond issuance. Mercom confirmed the deal with the parties involved. The bonds ...
New Renewable Energy Platform O2 Power to Build 4 GW of Solar and Wind Projects in India

New Renewable Energy Platform O2 Power to Build 4 GW of Solar and Wind Projects in India

Swedish private equity company EQT Infrastructure and Singapore-based holdings company Temasek have announced the launch of O2 Power, their renewable energy platform in India. According to a press statement from ...
SECI’s Tender for Solar-Wind Storage Projects with Assured Peak Power Supply Oversubscribed

SECI’s Solar-Wind Storage Tender with Assured Peak Power Supply Oversubscribed by 420 MW

The Solar Energy Corporation of India Limited’s (SECI) tender for setting up 1.2 GW of renewable projects with guaranteed peak power supply has been oversubscribed by 420 MW. The list ...