Tag: solar

Solar Industries India issues commercial paper worth Rs 25 cr

26/12/2016 16:43

Solar Industries India said that it has issued Commercial Paper worth Rs 25 crore on December 26, 2016, in favour of ICICI Bank.

“In terms of the guidelines issued by Reserve Bank of India, the Company has issued commercial paper for an aggregate amount of Rs. 25 crores on December 26, 2016 in favor of ICICI Bank Limited,” the company said in a filing to the Bombay Stock Exchange.

These commercial papers have maturity date of March 17, 2017, the filing added.

Solar Industries India has grown to become India’s largest manufacturer of Industrial explosives and Explosive initiating systems and spreading its presence to Global Markets.

Meanwhile, shares of the company closed trading at Rs 660 apiece, down 0.25 per cent from the previous close on BSE.

Shipping Ministry plans 160.64 MW renewable energy projects at ports

Shipping Ministry plans 160.64 MW renewable energy projects at ports

12/08/2016 11:26

The Shipping Ministry said that it is planning 160.64 Mega Watt renewable energy projects at major ports of the country by 2017.

“The Ministry of Shipping is keen to promote the use of renewable sources of energy and is in the process of installing solar and wind based power systems at all the major ports across the country,” said an official statement from the ministry. The Ministry aims to set up 90.64 MW of solar energy capacity at 12 major ports and 70 MW of Wind Energy Capacity at four Major Ports by 2017.

“These major ports have started the process of setting-up the renewable energy projects from their profit earnings. The total financial implications of the solar projects will be 407.7 crores,” said the statement.

The statement also said wind energy projects will be executed in three major ports namely Kandla, V.O. Chidambaranar Port and Kamarajar Port. The total MW capacity of the wind energy projects is estimated to be 70 MW.

“A total of 6.94 MW of solar projects has already been commissioned with Visakhapatnam Port leading the way with 6.25 MW, the other ports in which solar projects have been commissioned are Kolkata Port, New Manglore Port, V.O. Chidambaranar Port and Mumbai Port. The remaining solar power projects will be commissioned phase wise and is expected to be completed by 2017,” said the statement.

According to the ministry, the projects are a part of the Green Port Initiative launched by the Ministry of Shipping.

“These renewable energy projects will help in the reduction of carbon emission and will lead to improvement of the environment around the ports. These projects will also help to reduce cost of power purchased by utilization of renewable energy for power generations,” said the statement.

Tata Power saves 9.5 lakh MUs of energy in Delhi

Tata Power saves 9.5 lakh MUs of energy in Delhi

22/06/2016 13:02

Leading power company, Tata Power has said that its nationwide resource and energy conservation movement Club Enerji, has been relentlessly spreading awareness about resource conservation across the country, through its theme of national building.

Continuing with its momentum, in 2015-16, Tata Power Club Enerji sensitised around 2.2 lakh citizens in Delhi through primary contact programme and secondary sensitisation and saved around 9.5 lakh MUs in the city of Delhi.

Tata Power’s ‘Energy Conservation Programme’ introduced in more than 25 schools in the city, aims at creating maximum impact by educating and creating awareness amongst citizens on the effective management and conservation of energy in our everyday life. Tata Power’s Club Enerji movement in New Delhi currently has 4,266 Energy Champions and 2,645 Energy Ambassadors across schools.

The Club Enerji initiative has been contributing extensively towards a brighter and greener tomorrow by undertaking several successful initiatives. In 2015-16 the programme also launched an online module of the Club Enerji programme wherein the users would simply need to register for a detailed access to it. As part of its initiatives, Club Enerji recently organised activities for the school students like nature trails and visits to Tata Power Mahseer hatchery in Lonavala to increase awareness on its conservation projects and also provide practical knowledge about the environment.

Meanwhile, shares of the company were trading at Rs 73.70 apiece, up 0.41 per cent from the previous close at 13:03 hours on BSE.

Govt to provide Rs 16,800 cr for rooftop solar projects: Min

Govt to provide Rs 16,800 cr for rooftop solar projects: Min

06/06/2016 00:05

The Indian Government has said that it has lined up almost USD 2.5 billion (about Rs 16,800 crore) for providing low cost finance to achieve the target of installing 40 GW grid-connected solar rooftop systems.

Commenting on the issue, the Ministry of New and Renewable Energy (MNRE) Secretary Upendra Tripathy told the media, “The ministry is in negotiations with the KfW Development Bank to secure soft loans of 1 billion euro. They have already provided $100 million funding.”

“The World Bank has committed a loan of USD 620 million, with the Asian Development Bank and the New Development Bank pledging USD 500 million and USD 250 million, respectively,” he added.

“This will enable participating commercial banks such as SBI, PNB and Canara Bank to extend loan at or near base rates,” Tripathy said.

The secretary further said that in the current fiscal, MNRE was trying to arrange an investment of Rs 6,000 crore for rooftop solar projects.