New cooperation with International Solar Alliance
Under the agreement the EIB, one of the world’s largest lenders for renewables energy and the world’s largest international public bank, will work with the International Solar Alliance to mobilize financing for development and deployment of affordable solar energy in ISA member countries.
Mytrah Energy successfully raises Rs 1,800 cr
Hyderabad-based renewable power producer Mytrah, has raised Rs 1,800 crore from Piramal Group’s financial services companies. The funds are being invested in the form of non-convertible debentures (NCDs) with a seven-year tenure into two Mytrah Group entities, Mytrah Energy (India) Private Limited (Rs 980 crore) and Mytrah Ujjwal Power Private Limited (Rs 820 crore).
Rising power demand to fuel DG in Middle East| 6Wresearch
6Wresearch in its recently published report titled “Middle East Diesel Genset Market (2017–2023)”, estimates that continuous development of mega projects such as Dahiyat Al Fursan New City (Saudi Arabia), Al Maktoum International Airport expansion (UAE) and Lusail City (Qatar) are driving the demand for diesel genset in the construction industry in Middle East region.
Bangalore Airport partners with Bosch to generate renewable energy
Bangalore International Airport Limited (BIAL) has partnered with Bosch India in order to generate renewable energy for its operations. Commenting on the same, Soumitra Bhattacharya, President, Bosch Group India said, “It is crucial for India to have in place a sustainable energy infrastructure.
NSG upgrades FY2017 revenue forecast for oil trading
New Silkroutes Group Limited (NSG) has raised its revenue forecast for oil trading by 29 per cent to $400 million for FY2017, following another quarter of strong performance by its wholly-owned International Energy Group Pte Ltd (IEG).
TCCL funds the largest private solar rooftop in Mumbai
Tata Cleantech Capital Limited (TCCL) - a joint venture between Tata Capital Limited and International Finance Corporation (IFC), has funded the solar rooftop project at the National Centre for Performing Arts (NCPA), established and installed by Avesta Solar Private Limited (ASPL), in Mumbai.
Russia to be partner country for International Engineering Sourcing Show IESS 2017
6th International Engineering Sourcing Show IESS 2017 will be taking place from March 16-18, 2017 in Chennai (India) in the exhibition complex CTC Centre. This year Russian Federation received the honorary status of “IESS Partner Country” for the first time. A joint national exposition will presented by the Ministry of Industry and Trade of the Russian Federation.
Govt cuts IREDA’s borrowing target for 2017-18
Government has lowered the estimated borrowing target of IREDA by a massive 34 per cent to Rs 8,043.31 crore in Budget 2017. The revised budgetary borrowing for FY2016-17 stood at Rs 12,212.60 crore.