Author: Anirudh Sharma

REC Signs € 200 mn Loan Agreement with Germany’s KfW Bank

This is REC’s fourth line of credit under Indo-German Development Cooperation which will be utilized to fund green energy projects in India. State-run entity responsible for financing rural infrastructural projects, Rural Electrification Corporation (REC) has signed a loan agreement with German bank KfW worth euro 200 million for funding renewable energy projects. This is REC’s fourth line […]

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Ikea’s Hyderabad Store to use Solar-powered Rickshaws for Delivery

The solar powered auto rickshaws will be run by electric motors which will source energy from batteries which will be charged at the Ikea’s solar facility fitted with around 4,000 rooftop solar panels. Excess energy will be used by the store inside. Sweden based MNC furniture and home accessories company, Ikea has opened its store […]

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Mumbai to have 50 EV Charging Stations in 3 Months

All the 50 EV charging stations in Mumbai are expected to be ready for use in the next 3 months. Mumbai Government has awarded contract for developing its first 50 Electric Vehicles Charging Station to electric giant Solar Group, which will mark the start of its new electric vehicle policy. All the 50 EV charging […]

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PFC Appoints PK Singh as Director-Commercial

Praveen had been placed as Executive Director- Projects and has worked in multiple units of the Projects division of the firm for over 24 years. State-run power sector lender, Power Finance Corporation (PFC) has appointed Praveen Kumar Singh as Director-Commercial of the company with effect from August 10. Before the director-commercial, Praveen had been placed […]

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EVs and Self-driving Cars Soon to Ply on Dubai Streets

The strategy involves both short-term plans and ‘urgent steps’ to be taken over the next 12 months, as well as long-term plans that look forward up to the year 2040. Dubai’s Roads and Transport Authority (RTA) has approved new testing standards for electric, hybrid and self-driving vehicles in order to contribute in the development of […]

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NDMC to Install ‘Solar Tree’ under Smart City Project

The batch included free Wi-Fi, solar tree, ideation center, interactive LED screens installation, two hi-tech nurseries, four mechanical road sweepers, two litter picking machines and 10 auto tippers undertook by NDMC. The government seems to ‘kill two birds with one stone’ as Home Minister Rajnath Singh asserts to install solar tree in Delhi under the […]

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MNRE Tweaks ‘storage’ in Wind-Solar Hybrid Policy

The ministry has emphasized on the use of pumped hydro, compressed air and flywheel technology for the power storage purposes. Widening the scope of power storage in its Wind-Solar Hybrid Policy, MNRE has removed the word ‘battery’ from certain clauses in order to encourage use of other means of power storage devices. Further, the ministry […]

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Gov’t May Single out PGCIL for 25 Power Transmission Contracts

The private sector has also alleged the government authorities behind the move for being biased towards the state-run PGCIL. The government is thinking of awarding 25 small and medium-sized power transmission contracts to the state-run Power Grid Corporation of India (PGCIL). A government official close to development said, “National Committee on Transmission has recommended that […]

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Indian Gov’t Puts Safeguard Duty on Hold

The safeguard duty which was brought into effect on July 30, 2018 in order to protect interest of domestic solar manufacturers was awaiting clearance from Orissa High Court after solar player ACME Group filed a writ petition against the safeguard duty on imports. In a relief to the domestic solar developers, Finance Ministry has issued […]

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