Government-owned hydropower project developer NHPC Limited is set to be the latest public sector entity to raise funds through bond issues to finance power projects. NHPC Limited recently informed the Bombay Stock Exchange that it plans to raise Rs 4,500 crore (US$670 million) to fund various power projects across the … [continued]
Close on the heels of announcing Ultra Mega Solar Power projects of 21,000 MW, The Cabinet Committee on Economic Affairs (India) has approved another scheme for installation of 1,000 MW of grid-connected solar power projects by Public Sector Undertakings (PSU) and government organisations. This capacity is planned to come up during 2015–2018, and will … [continued]
The Indian government’s plan to boost solar power capacity with the help of the defence forces has run aground. The Indian defence forces have clarified to the government that they do not have any surplus land available to set up large-scale solar power projects. The Ministry of New and Renewable Energy … [continued]
The Indian government has encouraged the development of renewable energy to the point that coal companies are now investing in solar and wind energy.
