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Cabinet Relaxes Working Capital Limit for Loans to Discoms

The Union Cabinet has approved a one-time relaxation to PFC and REC for extending loans to Discoms above limits of the working capital cap The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans […]

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RWE Rakes in €2bn With Share Issue to Back its Renewable Expansion

RWE has successfully concluded an increase of its share capital of around EUR 2 billion, as it looks to expand in the fields of renewable energy Germany’s RWE has announced that it has successfully concluded an increase of its share capital of around EUR 2 billion by selling new shares. The firm stated that the […]

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Capital Dynamics to Develop 9 Battery Storage Systems in California

Capital Dynamics has signed an agreement with Tenaska to develop a portfolio of 9 battery storage systems located throughout California. Capital Dynamics, an independent global private asset management firm, has announced that its Clean Energy Infrastructure business has signed an agreement with US-based energy company Tenaska to develop a portfolio of nine battery energy storage system […]

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Power Sector Employees Protest Against Electricity Amendment Bill: AIPEF

AIPEF has said that lakhs of power sector employees held peaceful protest against privatisation of Discoms and the Electricity Amendment Bill 2020 The All India Power Engineers Federation (AIPEF) has said that lakhs of power sector engineers and employees held peaceful protest s across the country against privatisation of Discoms and the Electricity Amendment Bill […]

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New EV Milestone for Tata Motors as it Rolls out its 1000th Nexon EV

Tata Motors has announced a significant milestone in the EV domain by rolling out the 1000th Nexon EV from its plant in Pune. Tata Motors has announced a significant milestone in the electric vehicle (EV) domain by rolling out the 1000th Nexon EV from its plant in Pune. This landmark has been achieved in just […]

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EV Startup ZYPP Completed 5 Lakh + Shipments During Lockdown

ZYPP Electric Mobility has announced the successful delivery of 5 lakh + shipments for its customers in the last 4 months since the outbreak of COVID-19. ZYPP Electric Mobility, one of the leading electric mobility startups in India has announced the successful delivery of 5 lakh + shipments for its customers in the last 4 […]

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ReneSola and Avenston Sign Partnership Agreement in Ukraine

ReneSola, one of the leading solar PV module manufacturers worldwide and Avenston, a reputed player in the solar industry in Ukraine, have signed the long-term partnership agreement collaboration in Ukraine and other nearby countries. According to the Partnership, Avenston will market and sell ReneSola’s high quality and high-efficiency solar PV modules in the region exclusively […]

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PXIL Highlights Power Market Regulatory Reforms and Insights

PXIL recently conducted its 2nd market consultation meeting to discuss key market regulatory reforms concerning the power industry. Ahead of the public hearing of the Central Electricity Regulatory Commission (Power Market) Regulations 2020, the Power Exchange India Limited (PXIL), conducted its 2nd Market Advisory Committee and Stakeholder consultation meeting to discuss key market regulatory reforms […]

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Need To Make Development Financing Institutions for Infrastructure Development

The government and regulators have taken effective steps at appropriate times to save the liquidity for the infrastructure projects and create effective demand in the market for continuity of businesses, deliberated Padmanabhan Raja Jaishankar, Managing Director, IIFCL, Government of India, in a session organised by PHD Chamber of Commerce and Industry on ‘Infrastructure Investment During COVID […]

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