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New cooperation with International Solar Alliance
October 2017
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
September 2017
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
August 2017
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
May 2017
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
May 2017
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).
KEC International bags orders worth Rs 1,781 crore
April 2017
KEC International has bagged order from PGCIL for construction of 800 kV HVDC transmission line and construction and extension of 765/400 kV GIS/AIS substations.
TCCL funds the largest private solar rooftop in Mumbai
April 2017
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
March 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
March 2017
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.
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