Gujarat to sign MoU with Colorado
During the upcoming Vibrant Gujarat Summit (VGS), the Gujarat Government and USA’s Colorado province will be signing a Memorandum of Understanding (MoU) where the two parties will establish solar parks, electric vehicle manufacturing, power distribution and other renewable energy sectors.
Gujarat’s textile sector demands low electricity tariff
Just like Maharashtra, the power loom sector is demanding for the electricity tariff to be brought down. While Maharashtra is paying less than 3.50 per unit for electricity, the power loom sector has been shedding Rs 7.30 per unit.
Vikram Solar commissions 80 MW in Guj
Vikram Solar said it has commissioned an 80 MW solar grid-connected PV power project, developed under the Jawaharal Nehru National Solar Mission Phase II Batch IV Tranche-I Scheme at Gujarat solar park for Gujarat Industries Power Company. According to a company statement, Vikram Solar will also provide O&M service to the plant for a period of 10 years.
Guj annuls 4 GW coal plant
The state has annulled a 4 GW coal UMPP to be developed by the Gujarat State Electricity Corporation, citing existing surplus generation capacity (30 GW — old and renewable energy) and a desire to transition from fossil fuel–based energy sources to renewable power.
Gujarat bought power worth Rs.2,000 crore in 2 years
Gujarat government has claimed that in the years 2015 and 2016, it had purchased power worth Rs.2,035 crore from the state government, central government and private power companies. During the same span of time, the government also collected more than Rs.12,000 crore as fuel adjustment cost from consumers in the state.
GSPC looks at financial restructuring post $1.2 billion ONGC deal
After selling its stake in KG gas block to ONGC for $1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director JN Singh said.