An Ancillary Services Market Will Be Key To Integration of 450 GW of Renewables By 2030

A new study, Electricity market design for efficient procurement of ancillary services in India to address changing system needs, by Wartsila and KPMG makes the case for power market reforms in India using power system simulation models. The study demonstrates that some of the renewable rich states in India could immensely benefit by adding more flexible generation […]

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IREDA experienced lowest revenue growth in last 15 years

Indian Renewable Energy Development Agency (IREDA) has signed a Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) on 2 November 2020 and set a revenue target of Rs 2,406 crore for 2020-21. The exercise is a standard practice among all government backed PSU’s. With this, it is looking forward to a 1.6 […]

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Electric 2W Penetration Might Reach 35%, e-3W 75% by 2030: Report

A new report has predicted that electric 2W penetration in India is expected to reach 25-35 percent and that of e-3W at 65-75 percent by 2030. A new report has predicted that electric two-wheeler (2W) penetration in India is expected to reach 25-35 percent and that of e-three-wheelers (3W) at 65-75 percent by 2030. The report highlights […]

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ABB to appoint KPMG as external auditor from 2018

ABB’s decision to appoint KPMG as external auditor was taken following a year-long comprehensive external auditor tender process initiated in 2016 in line with international good governance practices. ABB has announced that its Board intends to appoint KPMG as its external auditor effective for the financial year 2018. ABB notes that this decision to appoint […]

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Odisha Needs Rs 13500 crore Investments in Renewable Energy by 2022

The state government of Odisha has envisaged a renewable energy capacity of 2750 MW by 2022 As Odisha bets big on renewable energy sources to meet its power requirement in the future, it needs an investment of Rs 13,500 crore by 2022, according to the estimates of KPMG. The KPMG analysis is based on the […]

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Amplus plans to Acquire Solar Power Firm Kiran Energy

Amplus Energy, through investor I Squared Capital, plans to acquire Solar Power Firm Kiran Energy Amplus Energy Solutions Pvt. Ltd, which has offered to sell solar power at a record-low tariff, has evinced interest in acquiring Kiran Energy Solar Power Pvt. Ltd, as reported on Mint. Amplus, backed by US private equity (PE) firm I […]

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Ujaas receives Economic Times Best Infrastructure Brand 2016 Award

Ujaas Energy, on the basis of an extensive research done by the knowledge and research partner of the event ‘KPMG’, was recognized and awarded as “The Best Infrastructure Brand 2016” for its Immense Contribution to the Infrastructure Sector. Ujaas was awarded based on the evaluation on the parameters reflecting the corporate strength of enterprise, amongst […]

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India’s Solar Initiative seems already Sunny

India is a home for around 300 million people living with sporadic electricity and also a country which receives the most amount of sunlight in a year. Hence it is said that the solar energy available in the country surpasses the possible energy output of all fossil fuels energy reserves. Solar is the only viable […]

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