Northern Coalfields Ltd ties up with NTPC to install solar power project in Madhya Pradesh

State-owned Coal India Limited (CIL) announced that its subsidiary Northern Coalfields Ltd (NCL) has tied up with power major NTPC to install a 50 megawatt (MW) solar power project in Madhya Pradesh. This will be the first ground-mounted solar project for NCL for which the project consultant NTPC has invited bids with a pre-bid date […]

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Hyderabad-based Premier Energies raises Rs 200 crore from private equity firm GEF Capital Partners

Hyderabad-based solar cell and module manufacturer, Premier Energies, has raised Rs 200 crore from GEF Capital Partners, a global private equity manager. Premier’s plan is to invest Rs 1,200 crore over the next two years to raise its manufacturing capacity. The equity capital will be utilised to add 2 gigawatt (GW) of cell and 2 […]

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Government’s Rs 4,500 crore Production Linked Incentive scheme for renewables finds 18 applicants

India’s big business corporate houses like Reliance, Adani, Tata, and Jindal are some of the 18 companies that have applied for the government’s Rs 4,500 crore production-linked incentive (PLI) scheme. They expect to start or increase their manufacturing capacity with the help of these funds. State-owned giant, Coal India Limited (CIL), which is also trying […]

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India adds largest rooftop solar capacity of 521 MW in the April-June quarter: Report

India has added 521 megawatts (MW) of rooftop solar capacity in the second quarter (Q2) of calendar year (CY) 2021, a 53 per cent quarter-on-quarter (q-o-q) increase compared to 341 MW installed in Q1 2021, according to Mercom India Rooftop Solar Market Report Q2 2021. According to the report, the rooftop solar installations increased by […]

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China’s gas consumption growing faster than any other country in the Asia-Pacific region

China’s natural gas consumption is growing faster than any other country in the Asia-Pacific (APAC), a Russian gas CEO said on Friday, according to Russian news agency, TASS. Gazprom’s CEO Alexey Miller made that statement at the 24th annual general meeting of the International Business Congress. According to Miller, China’s energy market is the most dynamic in […]

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Petrol, diesel prices in India may rise again after a short lull, as international crude prices surge

A surge in international oil prices may translate into an increase in the retail selling price of petrol and diesel in India as oil companies face extreme margin squeeze, sources said. Petrol and diesel prices have remained unchanged for 12 days but now the international rate surge is exerting pressure. Current prices of petrol and […]

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