News of Energy in Gujarat

L&T’s Power arm bags FGD system installation order from Damodar Valley Corp

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses, Larsen & Toubro said of its power business arm having won significant size order (in range of 10 billion rupees to 25 billion rupees) from Damodar Valley Corporation for installation of Flue Gas Desulphurization (FGD) system. In a press release

As pre-budget recommendations, Indian Solar Mfrs ask to raise export incentives from 2% to 10%

NEW DELHI | MUMBAI | BENGALURU | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release issued by Solar Trade Body, the association All India Solar Industries Association (AISIA) as pre-budget recommendations to the Finance Minister has recommended raising of export incentives from 2% to 10% at least for Indian Solar Modules Manufacturers, which would allow

Ducon Infratech enters strategic tie-up with Shapooji Pallonji Group, to bid for large infra projects, in energy-oil-&-gas sector

MUMBAI | AHMEDABAD-GANDHINAGAR-RAJKOT – In a press release submitted to the Indian Stock Exchanges on Wednesday, infratechnology company Ducon announced of entering into a strategic tie-up with Sterling & Wilson (Shapoorji Pallonji Group Co) to bid on the large FGD (Flue Gas Desulphurization) projects in India, with an intent to significantly expand financing capabilities to

Gujarat State Electricity Regulator nods Torrent’s power procurement plea

AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered Torrent Power Ltd said of having got approval from state electricity regulator for procurement arrangement of 278 MW power from the company’s UNOSUGEN power plant and its licensed power distribution business for the cities of Ahmedabad, Gandhinagar

PTC India Financial joins Indo-US initiative to mobilize debt financing, for solar projects

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – PFS joins the US-India Clean Energy Finance initiative to mobilize debt financing for distributed solar energy in India. PTC India Financial services (PFS), India’s leading infrastructure finance company, joined hands with the US-India Clean Energy Finance (USICEF) initiative on Thursday, April 4, 2019. USICEF is managed

Adani Power gets Letter of Intent from NCLT Ahmedabad, for porposed acquisition plan of Chhattisgarh based Korba West Power Co

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update statement, Ahmedabad headquartered diversified business activities group company – Adani Power Ltd said of the Company been awarded the Letter of Intent (“LOI”) for M/s. Korba West Power Company Limited (“KWPCL”). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency

Indain Gas Regulator – PNGRB awarded City Gas Distribution bids in 50 Geographical Areas, to 12 successful bidders

NEW DELHI | RAJKOT – PNGRB (Petroleum and Natural Gas Regulatory Board) launched 10th CGD Bidding Round on 06th November 2018, for development of City Gas Distribution (CGD) networks for the 50 Geographical  Areas (GAs) which includes 124 districts (112 complete and 12 part), spread over 14 States and Union Territories (UTs) in India. The regulator

Adani Gas bags City Gas Distribution in areas of MP, UP and Chhattigarh

NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted with the Indian Bourses, Ahmedabad headquartered Gas distribution company Adani Gas Ltd said of having Grant of Authorization for development of City Gas Distribution Network under 10th CGD Bidding Rounds in several areas of Madhya Pradesh, Uttar Pradesh and Chhattisgarh. The

Vaidhyanathan Raghuraman steps down as Director from Suzlon Energy’s Board

PUNE | AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Indian wind energy major Suzlon Energy Ltd said of Mr. Vaidhyanathan Raghuraman, Independent Director of the Company has voluntarily resigned from the directorship of the Company in terms of Regulation 17(1A) of the Listing Regulations with effect from 31st 

RIL picks 13% stake in US (Delaware) based tech firm SkyTran

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Wednesday, Reliance Industries Ltd said of its subsidiary company having picked 13% stake in US (Delaware) based personal transportation technology firm SkyTran Inc., paying USD($) 25 million. RIL’s investments aims to foster an exclusive partnership with SkyTran in India. Reliance

Adani hand-shakes with French Energy Major Total, to sell fuel & gas in India

PARIS | NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – Keeping in view the road infra growth story and the rising middle class consumer in India, French energy major Total S.A. inked pact with Indian conglomerate Adani Group to enter the energy market in India. Both companies aim to develop multi-energy offerings to the

Torrent Power wins bid for 115 MW Wind Power Project

AHMEDABAD | MUMBAI | RAJKOT – In an corporate update filed with the Indian Bourses on Wednesday, Torrent Power Ltd said of having won bid for 115 MW wind project, in e-reverse auction process conducted by Solar Energy Corporation of India (SECI) Ltd, on September 25, 2018. The company had bid tariff for proposed capacity

Suzlon Energy & CLP India, partner for two solar projects, in Maharashtra

PUNE | MUMBAI | RAJKOT – After wind the Tulsi Tanti led Suzlon Energy goes aggressive on investments in Solar Renewable Energy, in a regulatory filing along with press communications submitted to the Exchanges in India on Tuesday, Suzlon Energy Ltd said of having entered into partnership with CLP India for two solar projects in

Reliance Infra’s Credit Profile improves, CRISIL withdraws ‘D’ ratings for 710 cr NCDs

MUMBAI | RAJKOT – Anil Dhirubhai Ambani Group led Reliance Infrastructure Ltd’s credit profile is reported to have improving, as the rating agency CRISIL has withdrawn ‘D’ ratings assigned to the company’s 7.1 billion rupee Non-Convertible Debentures, the company press release submitted to the exchanges in India said. Crisil has withdrawn its ‘D’ ratings for

World’s first solar quality project certification goes to Suzlon!

PUNE | MUMBAI | RAJKOT – World’s first solar quality project certification for photovoltaic power plants has been announced and the Suzlon Energy Ltd’s Veltoor Solar Project in Telangana has been awarded this certification by DNV GL, one of the global quality assurance and risk management companies, the company today said in a press statement

Adani Green acquires stake in Singapore, US, Vietnamese renewable energy arms

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Tuesday – August 21, 2018 Adani Green Energy Ltd said of having acquired 100% equity of Adani Green Energy Pte Ltd., from Adani Global Pte Ltd, for cash consideration of each share priced at USD $1 per share.