Daily News Wrap-Up: India Offers $100 Million Credit Line to Sri Lanka for Solar Expansion
Here are some noteworthy cleantech announcements of the day from around the world: India has extended a Line of Credit (LOC) of $100 million to Sri Lanka to finance projects ...
PFC and REC Get Relaxation on Loan Disbursal for DISCOMs under UDAY Program
The Government of India (GOI) has approved a relaxation for Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) that have been tasked with managing the liquidity crisis of the ...
IL&FS Sells Seven Wind Power Subsidiaries Totaling 873 MW to Japan’s Orix
Orix, a financial services group headquartered in Tokyo, has announced that it will acquire 51% stake in seven wind power generating subsidiaries which it jointly owns with Infrastructure Leasing & ...
CEL to Empanel EPC Contractors for Installing Battery Energy Storage Systems
The Central Electronics Limited (CEL), a public-sector enterprise of the government of India (GoI), has floated an expression of interest (EoI) inviting engineering, procurement, construction (EPC) contractors to empanel for ...
Ola Electric Raises $250 Million from SoftBank
Ola Electric Mobility (OEM), a company backed by Ola, has raised ₹17.25 billion (~$250 million) from Tokyo-based SoftBank. SoftBank’s Cayman’s Islands entity, SB Topaz (Cayman) Ltd was allotted 4,326 compulsorily ...
EESL Floats Tender for 100 MW of Solar Projects in Maharashtra
The Energy Efficiency Services Limited (EESL), a joint venture between the public-sector units of the Ministry of Power and the central government, has issued a Request for Selection (RfS) to ...
India Signs MoU with IEA to Enhance Innovation for Clean Energy Transition
As a joint program under Mission Innovation, the Department of Biotechnology (DBT), India’s Ministry of Science and Technology, and the International Energy Agency (IEA) have signed a Memorandum of Understanding ...
Competitive Bidding Guidelines for Power Procurement from Solar Projects Amended
The Ministry of Power (MoP), Government of India, has amended the competitive bidding guidelines for the procurement of power from grid-connected solar photovoltaic (PV) projects. Amendments The MoP has increased ...
Department of Commerce to Soon Have Directorate General of Trade Remedies
The government of India’s Department of Commerce will soon have a Directorate General of Trade Remedies (DGTR). The Commerce and Industry Minister, Suresh Prabhu, has given his approval for the ...
Cabinet Approves National Policy on Biofuels
The central government’s cabinet, headed by prime minister Narendra Modi, approved the National Policy on Biofuels - 2018. Biofuels in India are of strategic importance as they augur well with ...