Indian Power Sector News

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I Squared Capital backs solar power firm Amplus - VC Circle

Tue, 25/08/2015 - 4:09pm

VC Circle

I Squared Capital backs solar power firm Amplus
VC Circle
The company is headed by Sanjeev Aggarwal, former director - business development at AES (India) Pvt. Ltd, the Indian subsidiary of the US energy major AES Corp. The firm is one of the significant foreign investors in the Indian power sector. Amplus is ...

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Sensex, Nifty crack over 1%; Nifty at 1-year low - Business Standard

Tue, 25/08/2015 - 11:18am

Sensex, Nifty crack over 1%; Nifty at 1-year low
Business Standard
Among other shares, Glenmark is trading firm this morning on plans to launch generic Teneligliptin, a new third-generation oral anti-diabetic drug, at a substantially lower price compared to other Gliptins available in India. The stock is quoting at Rs ...

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Domestic fuel for Indian Oil sale offer - Business Standard

Tue, 25/08/2015 - 1:35am

Domestic fuel for Indian Oil sale offer
Business Standard
... public sector undertakings. Earlier this financial year, the government had raised Rs 1,610 crore from disinvestment in Rural Electrification Corporation, Rs 1,600 crore from Power Finance Corporation and Rs 145 crore from Dredging Corporation of ...

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Adani, SunEdison may drop joint venture plans - Livemint

Tue, 25/08/2015 - 1:16am

Livemint

Adani, SunEdison may drop joint venture plans
Livemint
It recently agreed to acquire Continuum Wind Energy Ltd, a Singapore-based company which owns and operates 242 megawatts (MW) of wind power plants in Maharashtra and Gujarat, besides a 170MW wind power unit under construction in Madhya Pradesh. Also ...

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I Squared Capital announces investment in Amplus Energy Solutions - Livemint

Mon, 24/08/2015 - 9:29pm

Livemint

I Squared Capital announces investment in Amplus Energy Solutions
Livemint
Amplus is headed by Sanjeev Aggarwal, former director, business development, AES (India) Pvt. Ltd, the Indian subsidiary of the US energy major AES Corp. The firm is one of the significant foreign investors in the Indian power sector. Mint reported on ...

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More opportunities, India will become world power: US envoy - Zee News

Mon, 24/08/2015 - 6:17pm

More opportunities, India will become world power: US envoy
Zee News
In this regard, Verma cited the example of how the US soybean industry, hoping to develop a market for US soybeans, partnered with India's aquaculture sector to adopt best practices for sustainable production of fish and shrimp.? That effort, he said ...

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India's tapped solar potential is still under one percent: study - The Indian Express

Mon, 24/08/2015 - 4:34pm

The Indian Express

India's tapped solar potential is still under one percent: study
The Indian Express
Harvesting solar energy through rooftop installation not only enables flexibility but also reduces dependence on diesel-based captive and back-up generation units for industrial and commercial consumers,” said M. Maheshwar Rao, MD, Karnataka Power ...

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Kenya and Jamaica looking at Delhi's privatization model - Livemint

Mon, 24/08/2015 - 12:10pm

Livemint

Kenya and Jamaica looking at Delhi's privatization model
Livemint
New Delhi: In an attempt to introduce electricity distribution reforms in their countries, representatives from Kenyan and Jamaican governments are looking at the experience of the Indian electricity sector, particularly in Delhi. A team comprising ...

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I Squared Capital to invest $150 million in Amplus Energy - Livemint

Mon, 24/08/2015 - 6:49am

Livemint

I Squared Capital to invest $150 million in Amplus Energy
Livemint
Global infrastructure investment manager I Squared Capital, as part of its India strategy, has taken its first bet on the country's green energy sector. It plans to invest $150 million in Amplus Energy Solutions Pvt. Ltd, which sets up distributed ...

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Will use volatility to add to Indian equities: Anup Maheshwari - Business Standard

Mon, 24/08/2015 - 1:57am

Will use volatility to add to Indian equities: Anup Maheshwari
Business Standard
Growth concerns regarding China resurfaced last week and took a toll on global financial markets. Anup Maheshwari, executive vice-president, head of equities & corporate strategy, DSP BlackRock, tells Puneet Wadhwa that India remains a preferred ...

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Smart cities also need a manufacturing sector: Suresh Krishna - The Hindu

Sun, 23/08/2015 - 10:33pm

The Hindu

Smart cities also need a manufacturing sector: Suresh Krishna
The Hindu
As long as everyone follows it, there are no problems. India got enough power generation capacity. Transmission and grid problems can be solved. Even in bureaucracy, inspecting agencies…if they have very clear norms…it will be a huge thing for ...

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Kochi now has the world's first solar-powered airport - Scroll.in

Sun, 23/08/2015 - 9:43pm

Scroll.in

Kochi now has the world's first solar-powered airport
Scroll.in
On August 18, the Cochin International Airport Limited – India's fourth largest international airport in terms of passenger traffic – commissioned a 12 megawatt solar power project. The airport already had a 1MW solar power plant, which can produce 4 ...

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Serious challenges to steel, power, discoms, sugar industries: Arun Jaitley - indiatvnews.com (press release) (blog)

Sun, 23/08/2015 - 8:26pm

indiatvnews.com (press release) (blog)

Serious challenges to steel, power, discoms, sugar industries: Arun Jaitley
indiatvnews.com (press release) (blog)
Kolkata: Union Finance Minister Arun Jaitley on Sunday said the steel, power and the sugar sector along with the discoms remain stressed sectors and the government is addressing the challenges involved. "There are serious challenges in steel, power ...

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Over 100 Indian firms to promote 'Brand India' in Nigeria - Economic Times

Sun, 23/08/2015 - 4:28pm

Over 100 Indian firms to promote 'Brand India' in Nigeria
Economic Times
The Indian High Commission and industry chamber CII have jointly organised the show, which will see the participation of Indian companies like Airtel, Mahindra and Mahindra, Bajaj Auto, Tata Motors, Godrej & Boyce, Kirloskar, Power Grid Corporation ...

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Over 100 Indian Firms to Promote 'Brand India' in Nigeria - The New Indian Express

Sun, 23/08/2015 - 4:20pm

Over 100 Indian Firms to Promote 'Brand India' in Nigeria
The New Indian Express
... India Assurance, Bhushan Steel and Dabur. Another 15 Indian companies are currently operating in Nigeria's power sector. The pharmaceuticals, steel and power transmission sectors in the west African nation are also dominated by Indian companies.

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Bhiwandi powerlooms to go on strike from tomorrow - Oneindia

Sun, 23/08/2015 - 1:56pm

Oneindia

Bhiwandi powerlooms to go on strike from tomorrow
Oneindia
Mumbai, Aug 23: Around nine lakh powerlooms in Bhiwandi will go on strike from tomorrow, to press for their demands including ban on import of clothes from China. The Bhiwandi Power loom Association will also send one lakh postcards to Prime Minister ...

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Ahead of Bihar polls, Nitish cabinet approves 16 schemes to push power sector - The Indian Express

Sat, 22/08/2015 - 7:16pm

The Indian Express

Ahead of Bihar polls, Nitish cabinet approves 16 schemes to push power sector
The Indian Express
The cabinet also approved a project of Rs 71.35 crore for protection and upgradation of control systems of six grid sub-centres of Bihar State Power Transmission Company Limited (BSPTCL) in the state.

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Jaitley asks steel industry to be more cost competitive - Hindu Business Line

Sat, 22/08/2015 - 3:37pm

The New Indian Express

Jaitley asks steel industry to be more cost competitive
Hindu Business Line
Steel is one of the five sectors (the others are, highways, power, discoms and sugar) facing stress due to lower demand and cheap imports among other reasons. Jaitley expressed concern over the spiral effect of stress in the steel sector, which upsets ...
NPAs at 'unacceptable' level for public sector banks: FM Arun JaitleyEconomic Times
Jaitley Says NPAs at Unacceptable LevelThe New Indian Express
NPAs at 'unacceptable' level for public sector banks: JaitleyThe Hindu

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Is Modi government's target to increase solar power capacity to five-fold in ... - Economic Times

Sat, 22/08/2015 - 10:51am

Is Modi government's target to increase solar power capacity to five-fold in ...
Economic Times
In June, the Union Cabinet approved a plan to increase India's solar power capacity target five-fold to 100,000 megawatts by 2022, equivalent to roughly one-third of the country's current total electricity generation capacity. Rooftop installations ...

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India's energy transformation - Jakarta Post

Sat, 22/08/2015 - 8:42am

India's energy transformation
Jakarta Post
In July 2015, two Indian states awarded tenders to solar projects that will supply electricity for a lower cost than imported coal-fired power generation. The tariffs agreed for solar were around 1 rupee/kWh cheaper than electricity from imported ...

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