Ahmedabad: Adani Power Ltd on Wednesday said consolidated loss for the third quarter ended 31 December widened to Rs1,288 crore from Rs670 crore a year ago.
New Delhi: India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead.
New Delhi: India’s power ministry is considering ending the lock on electricity sales by distributors as one way to speed up growth in vehicle charging stations, according to a ministry official with knowledge of the plan.
The 2018 budget announcement expected on 1 February will be the last full-year budget before the country goes to polls in 2019.
New Delhi/Mumbai: Tesla Inc. helped electric vehicles gain a mainstream foothold in the US by starting with luxury cars and then moving down-market. India’s nascent transition to EVs is heading in the opposite direction.
Renewable energy company Greenko Group is in talks with Essel Infraprojects Ltd to acquire its power transmission business for an estimated $1 billion, two people aware of the development said.
Geneva: The European Union, Canada, Brazil, China, and Japan were among those who supported India on Friday in the solar panel dispute with the US at the World Trade Organization (WTO), people familiar with the development said.
Commercial transmission losses due to electricity theft run into millions of rupees every year.
The World Bank’s International Finance Corp (IFC) will provide $440 million in debt to Mahindra Renewables Pvt. Ltd, Acme Group and global private equity fund Actis Llp to build the Rewa solar park in Madhya Pradesh.
New Delhi: India, the largest importer of Chinese solar equipment, proposed a 70% safeguard duty on cells and modules shipped from China and Malaysia, citing “threat of serious injury” to the domestic industry.