Pakistan won’t approve new coal power plants: Prime Minister Imran Khan

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Pakistan’s Prime Minister, Imran Khan, announced over the weekend that as part of a number of efforts to counteract the effects of climate change, his administration will not approve new coal-fired power generation projects. “We have already scrapped two coal power projects which were supposed to produce 2,600 megawatts of energy. [We have] replaced them with hydroelectricity,” […]

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SECI delay in agreements with distribution companies likely to hit renewable energy projects

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The delay in signing power supply agreements (PSA) by Solar Energy Corporation of India (SECI) with discoms (distribution companies) for over 20,000 MW of power projects awarded in the last one year is threatening the renewable energy target of 175 giga watt (GW) by 2022, reports Financial Express. Manufacturing projects of 12,000 MW was awarded […]

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NTPC’s Auraiya project in UP starts commercial operation of 8 MW solar energy

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National Thermal Power Corporation (NTPC) announced that the 8 MW solar energy generation capacity at its Auraiya project in Uttar Pradesh has been made commercially operational. The remaining 12 MW solar capacity under implementation is expected to be operational by March 2021. “Consequent upon successful commissioning, 8 MW part capacity of 20 MW Auraiya Solar PV […]

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KKR launches renewable energy platform to acquire renewable assets in India

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Global investment firm KKR has announced the launch of Virescent Infrastructure, a newly created platform to acquire renewable energy assets in India. Virescent currently owns 317 MW of solar assets located in Maharashtra and Tamil Nadu. KKR has also entered into definitive agreements to acquire other operating solar projects across three different states. Once closed, […]

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NTPC forms a wholly-owned subsidiary for renewable energy

State-owned NTPC has incorporated a subsidiary for its renewable energy business. “NTPC Ltd has incorporated a wholly-owned subsidiary, in the name of NTPC Renewable Energy Ltd with the Registrar of Companies, NCT of Delhi & Haryana on October 7, 2020, to undertake renewable energy business,” a BSE filing said. In August this year, NTPC had received approval from […]

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Shutting down old thermal power plants and freezing those under construction will save India Rs 1.45 lakh crore: Report

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Shutting down old coal-based power plants and freezing those under construction can save the national exchequer over Rs 1.45 lakh crore at a time when electricity demand has been hit due to COVID-19, a report by research organisation Climate Risk Horizons said. According to the report, this move will also improve the financial health of […]

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Indian renewable power market goes green with launch of pan-India GTAM trading in electricity

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As a first step towards greening the Indian short term power market, Union Minister of State (IC) Power and New & Renewable Energy, RK Singh launched a pan-India Green Term Ahead Market (GTAM) in electricity through video conference. Speaking at the launch Singh said, “the introduction of GTAM platform would lessen the burden on Renewable […]

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