Havells to raise stake in Promptec Renewable
Havells India will increase its stake in Bangalore-based Promptec Renewable Energy Solutions up to 70 per cent. The company is launching solar solutions including solar power generating systems, home lighting kits, solar pumps, solar street lights, etc.
Railways to harness 1,000 MW of solar power by 2020
The Indian Railways proposes to harness 1000-MW solar and 150-MW wind energy by 2020, Lok Sabha was informed. A total of about 50-MW renewable energy capacity has been installed till date, including approximately 11-MW solar power and 37-MW wind power, minister of state for railways Manoj Sinha said in a written reply.
1.10 lakh smart meters sanctioned under IPDS till March 16
About 1.10 lakhs smart meters have been sanctioned under Integrated Power Development Scheme (IPDS) till March 2016, as stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal And New and Renewable Energy in a written reply to a question in the Rajya Sabha.
Rs.90,841 cr invested in renewable energy
An investment of Rs.90,841.16 crore has been made in the renewable energy sector in the country during three fiscals to 2015-16, government said. Total investment made in renewable energy sector in all states, including Jharkhand and Gujarat, during the last three years is Rs.90,841.16 crore, New And Renewable Energy Minister Piyush Goyal said in a written reply to the Rajya Sabha.
Coal will continue to have 70percent share in generation
Developers interest in setting up of more coal based generating has not waned yet. The present lull is only a temporary phase. India will continue to be a potential investment destination because of huge demand supply gap.
Rs.22 cr spent on Smart
Grid projects Minister of State (IC) for Power, Coal And New and Renewable Energy, Piyush Goyal stated in a written reply to a question in the Rajya Sabha that an expenditure of Rs.21.73 crore has been incurred for development of four Smart Grid pilot projects and one Smart City Pilot project during 2015-16.
The Cash Crunch
Public sector banks in India are staring at humongous piles of bad debts, delinquent loans are rising unabated. Ballooning bad debts have caused 10 Indian state-owned banks to report losses of a whopping Rs.153 billion for the March, 2016 quarter. India Ratings, a Fitch associate, estimates that 21 per cent of the total bank credit is stressed.
Coal will continue to be mainstay for power generation
At the 21st Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC), COP 21 in Paris, a resolution on limiting the use of coal across countries was one of the proposals put up for consideration.
How Can Digital Technology Transform Our Energy Future
D Monte asked Alicia Choong for an overview of how IT is transforming Shell.Choong acknowledged that demand is growing, expressing her view that the only way we can really solve it is through human ingenuity, innovation, and technology.