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.
While India is making steady headway on the transmission front and the sector has witnessed commendable growth over the last few years with substantial capacity additions, the distribution or last mile connectivity is still a concern in India.
Coal India close to achieving e-auction target for FY17
Coal India has almost achieved its e-auction target for the current fiscal, and is looking at offering additional supplies. On offer is an additional 5 million tonnes which company officials think would be lapped up as its prices would be far lower than the international prices and it would offer a long-term assured contract which could be extended to 25 years.
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