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.
Installed Generation Capacity Sufficient to Meet Electricity Demand
The installed electricity generation capacity in the country was around 364,960 MW on October 31, which is sufficient to meet the electricity demand in the country. The gap between demand and supply of power up to October during the current fiscal in terms of energy and peak is less than 1 per cent, stated Raj Kumar Singh, Minister of Power and New & Renewable Energy.
NTPC issues 190 MW solar-wind hybrid tender
India’s largest power generation company NTPC, that successfully auctioned 1.2 GW of capacity in its first wind energy tender recently, is now making its mark in the solar-wind hybrid.
Solar-powered streetlights for BDA project
Streetlights in Bareilly Development Authority’s Ramganga Nagar Awasiya Yojana will be powered with solar power panels having a capacity of around 50 KW.
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.
Solar sector bottlenecks may hamper job growth
In India, the solar industry has created 416,000 jobs in 2015 and 1,017,800 jobs are expected to be created by 2022. New projects, more investment, policies like Surya Mitra Skill Development and encouragement from the government will create more job opportunities.
Solar's 1 million job bonanza
From a perennially energy-deficient state with a peak shortage of 14 per cent in 2010 to a peak shortage of less than one per cent in 2018, India has moved miles from the days of energy blackouts and frequent power cuts.
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