Govt Extends Subsidy Scheme to Solar-powered Cold Storages

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New Delhi: In a bid to boost the use of solar-powered cold storages, the Ministry of New and Renewable Energy has extended its subsidy scheme to solar refrigeration units as well. Most solar powered items, including solar lamps and solar heating systems, enjoy a 30% subsidy under different MNRE programmes. “Solar-powered cold storages are still […]

Wind energy sector feels the heat as solar steals limelight

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The increased focus on solar energy and recent policy changes, such as withdrawal of certain tax benefits in wind energy, could impact new investments in the latter and hamper India’s chances of achieving the target of 60 gigawatts (GW) of wind energy capacity by 2022, according to companies and analysts. India has set itself the […]

Lanco Infra in slump sale of 35 MW solar asset

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Lanco Infratech Ltd has entered into an agreement for sale of solar power undertaking of the company through a slump sale to Lanco Property Management Company Pvt Ltd, a wholly-owned subsidiary of the company. The solar power undertaking has 35 MW of solar power capacity which registered a turnover of ₹76.99 crore and loss of […]

GST to push costs up by 10-15% for renewable power companies

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The implementation of the goods and services tax (GST) will likely increase costs for developers of renewable energy projects by 10-15%, and force them to seek a tariff hike, firms and consultants said. Once GST comes into force, renewable energy firms, which are currently exempted from any duties on the import of equipment, will have […]

GST impact on energy sector

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The present system of tax in the country has myriad complications. Multiple indirect taxes are levied on most transactions in India. Taxes are also subdivided into those collected by the Central Government and those collected by the states. Individuals and businesses get taxed at several stages of the consumption and income cycle. Many taxes are […]

Power ministry hastens rural electrification plans after Modi’s I-Day speech

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Following Narendra Modi’s Independence day speech Power ministry has decided to electrify remaining  7,876 un-electrified villages before 1st May 2018. The project, which was taken on mission mode last year, will now see squeezing the implementation schedule to 12 months and also dividing village electrification process into 12 stages, with defined time lines for monitoring. Modi on […]

Tata completes India’s largest local content solar project

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Indian renewable energy firm, Tata Power Solar, a subsidiary of Tata Power, has commissioned the largest Indian solar project under local content requirements so far in Anantapur, Andhra Pradesh. The 100MW solar project has been developed for India’s largest utility NTPC, under the Domestic Content Requirement (DCR), a policy reserved for some central government solar […]

A green path to industrialisation

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For environmentalists and development experts, green is not just a colour it also refers to activities that benefit the environment – the careful use of the earth’s finite resources. Africa’s policy wonks are already on the green bandwagon, having identified “green industrialisation” as the Holy Grail of the continent’s socioeconomic transformation. They believe infusing green initiatives […]

New solar rickshaw offers freedom from fumes

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Even as debates rage over the alarming levels of pollution in cities across the country, the battery operated e-rickshaws have come as a breath of fresh air. After New Delhi, where they found legal approval, Allahabad in Uttar Pradesh, and recently, Ludhiana in Punjab have seen use of these vehicles. In Maharashtra, they are operating […]