REC inks 200 million Euro deal with KfW
State-owned power sector financier REC has signed a 200 million Euro loan with KfW in Frankfurt. Under the Indo-German development cooperation, this is REC’s fourth line of credit. REC plans on utilising the sanctioned loan amount for financing renewable energy projects in India.
India's 90% thermal plants rely on freshwater
India’s thermal power plants are the mainstay for meeting the demand for electricity in the country. Ninety per cent of the thermal power plants depend on fresh water for cooling and 40 per cent of these plants experience high water stress, says the World Resourcew Institite (WRI).
Hydro watered down
Hydropower segment has been facing numerous impediments to its growth. However, it has come into the government focus exudes hope that it will pick up pace going ahead.
Sprinting on a Growth Track
The World Bank recently has put out a report in which the demand for electricity in India is growing at the same rate as in France or Germany as millions of people in rural or impoverished areas seek access to power in their homes and workplaces.
Impressive performance, Piyush
In the little over three years when Piyush Goyal was at the helm as the Minister of State with Independent Charge for Power, Coal and New & Renewable Energy, he has brought in a visible transformation in the complex process chain of the economically crucial power sector.
Wiring the Future
The wires & cables segment has come into its own in India, and with plans for huge infrastructure projects in place and an expected positive outlook on GST, the future looks bright.
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