The government is working on a scheme to salvage 24,000 MW of stressed gas-based power plants, built at an investment of over Rs 1 lakh crore, by importing natural gas and bundling the output with cheaper solar energy. The proposed new scheme will offer no subsidy and hopes to helpContinue Reading
Close on the heels of the Andhra Pradesh government, which virtually called for a downward revision of the tariffs mentioned in the power purchase agreements (PPAs) for 5.2 giga watt of wind and solar power capacity, the Uttar Pradesh (U.P.) government stopped procuring electricity from 650 mega watt of windContinue Reading
India’s renewable energy sector has seen several mergers and acquisitions in the last few years. PTC India’s subsidiary, PTC Energy Ltd, which has around 290 megawatts (MW) of wind assets across Madhya Pradesh, Karnataka and Andhra Pradesh has initiated a formal process to find a strategic investor for its windContinue Reading
