ADB, India Ink $451 Million Loan to Strengthen TN Power Connectivity
Govt of India and Asian Development Bank (ADB) have signed a $451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC), which is part of the East Coast Economic Corridor (ECEC), in Tamil Nadu on Thursday. ADB is the lead partner for developing ECEC.
Gearing up for Blockchain
Digitisation has been at the forefront of power sector for the past decade in India. Evidently, the stakeholders in the electricity value chain have been investing considerably in the Internet of Things (IoT) to enhance efficiency.
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.
Govt cuts IREDAs 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.
Green Grid Gap
Green Energy Corridor planned to carry ´intermittent´ solar and wind power from producers to consumers efficiently, is yet to catch up with the pace of capacity creation.
The ´IT´ Factor
Digitalisation is just beginning to make real headway in India, what with the Centre´s ongoing focus on ´Digital India´. This coupled with the much propagated ´Make in India´ and ´Smart Cities´ initiatives are all set to pave the way for a smarter, advanced, Information Technology (IT) enabled country.
Mytrah Energy secures $175 mn ADB loan
Renewable energy company Mytrah has closed a $175 million Asian Development Bank (ADB) direct loan facility which will help it fund the development of a portfolio of new wind and solar projects.
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