Tata Power to Set Up Infrastructure Investment Fund to Bolster Its Renewable Business
Tata Power announced that its board of directors had given its in-principle approval for setting up an infrastructure investment fund (InvIT) for the company’s renewable business. The Mumbai-based power electric ...
PowerGrid Corporation to Separate its Transmission Business
The PowerGrid Corporation of India Limited (PGCIL) has announced its plans to separate its power transmission business to form a 100% subsidiary that will carry out transmission-related functions, as per ...
Tata AutoComp and US-Based Tellus Power to Set up EV Charging Stations in India
Tata AutoComp Systems announced that it had signed a Memorandum of Understanding (MoU) with U.S.-based electric vehicle (EV) charging infrastructure company Tellus Power Green to set up charging stations in ...
Rajasthan Commission Proposes New Business Models for EV Charging Infrastructure
The Rajasthan Electricity Regulatory Commission (RERC) has issued a draft order inviting feedback on its proposal for new business models for setting up public electric vehicle (EV) charging infrastructure. The ...
Tata Power to Expand its EV Charging Stations to over 700 by FY 2021
Tata Power has announced its plans to expand its electric vehicle (EV) charging network in the country to over 700 by the end of the financial year 2021. The company ...
Improving Rural Healthcare Amid COVID-19 Crisis by Installing Solar on Clinics
Amid the Coronavirus (COVID-19) crisis, nearly 20 leaders from research groups, think tanks, renewable energy companies, and health care services, have demanded to solarize all unelectrified healthcare sub-centers in rural ...
Fourth Partner and Lithium Urban Technologies to Set up Solar EV Charging Stations
Fourth Partner Energy, a distributed solar energy management company, announced that it has partnered with Lithium Urban Technologies, a commercial electric vehicle (EV) fleet provider, to set up solar-powered EV charging ...
Mumbai-based Start-Up to Launch EV Chargers Integrated With Streetlamps
Magenta Power, a renewable solutions provider, has announced plans to roll out its ChargeGrid Flare, and electric chargers integrated with streetlamps, in a unique attempt to promote electric vehicle (EV) ...
MNRE to Set Up a Renewable Energy Standardization Cell to Ensure Quality Standards
The Ministry of New and Renewable Energy (MNRE) has decided to set up a Renewable Energy Standardization Cell (RESC). The objectives of the cell are to identify the areas in ...
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 ...
New Guidelines Propose Charging Stations for Heavy EVs Every 100 kilometers on Highways
To facilitate the usage of electric vehicles (EV) in the country, the Union Power Minister R.K. Singh has approved the amendments in electric vehicle charging guidelines and specifications. The revised ...
KP Energy to Develop 251 MW Wind Project in Gujarat for CLP India
KP Energy has tied up with CLP India, one of the largest foreign investors in the Indian power sector to develop a 250.8 MW wind project at Dwarka in Gujarat ...
CERC Proposes New Regulations for Power System Development Fund
The Central Electricity Regulatory Commission (CERC) has issued regulations for Power System Development Fund (PSDF), which will come into effect from the date of their publication in the Official Gazette ...
ADB Provides $750 Million Loan to Indian Railways for Transitioning to Electric Power
The Indian Railway Finance Corporation (IRFC) has signed an agreement with the Asian Development Bank (ADB) for the electrification of railway tracks. This initiative is part of a broad modernization ...
UK’s Zouk Capital Acquires Majority Stake in Italy’s Electric Mobility Utility BE Power
Zouk Capital, an infrastructure and private equity fund manager, based out of the United Kingdom, has acquired a majority stake in BE Power. BE Power is a digital utility active ...
Piramal Joins Hands with Canadian Pension Plan for a $600 Million Renewable Energy Trust
Armed with an initial corpus of $600 million (~₹41.6 billion), the newly-formed Infrastructure Investment Trust (InvIT) would seek to acquire between 1.5-2 GW of stable and cash generating renewables assets ...
Solar Project Financier PFS Announces 12% Increase in Revenues for FY 2019
Power project financier PTC Financial Services (PFS) has announced its FY 2019 results which indicate a good year for the company. The total revenue for PFS for FY 2019 was ...
Government Mulls Subsidizing of EV Charging Infrastructure to Boost E-Mobility
To speed up India’s electric vehicle (EV) revolution, the government of India is planning to subsidize EV charging infrastructure. A Press Trust of India (PTI) report quoted the power secretary ...
A Primer: States that are Poised to Lead India’s EV Revolution
It has been almost five years since the launch of the National Electric Mobility Mission Plan (NEMMP). The plan was aimed at achieving national fuel security by promoting hybrid and ...
Is India’s Electric Vehicle Push for Real This Time?
The shift from fossil-fuel powered vehicles to electric vehicles (EVs) has become more important than ever for India. The country has to embrace EVs quickly, if it wants to cut ...
IDFC Alternatives to Sell Infrastructure Asset Management Business to GIP India
IDFC Alternatives Limited, a wholly-owned step down subsidiary of IDFC Limited, has entered an agreement with investment firm Global Infrastructure Partners (GIP) India for the sale of its infrastructure asset ...
India’s EV Sector is Slowly Emerging from its Nascent Stage
India’s electric vehicle sector is progressing steadily, thanks to government efforts to procure EVs for various departments and efforts by city transportation corporations to procure e-buses for public transportation. As ...
MNRE Amends CFA Guidelines for Utilities Developing Solar Park Evacuation Infrastructure
The Ministry of New and Renewable Energy (MNRE) has amended the payment guidelines for the Central Financial Assistance (CFA) received by the state/central transmission utilities (STU/CTU) involved in the development ...
NTPC Issues Tender to Develop EV Charging Infrastructure in Jabalpur
The National Thermal Power Corporation (NTPC) has issued a tender for the development of electric vehicle (EV) charging infrastructure in Jabalpur, Madhya Pradesh. The bid-submission deadline is April 16, 2018 ...
Maharashtra Cabinet Approves Electric Vehicle Policy to Manufacture 500,000 EVs
The Maharashtra state government cabinet has given its nod to the state’s Electric Vehicle Policy 2018. A notification issued by the state government stated that all three segments of the ...
