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EKI Energy Services Ltd. bags contract as carbon credit service provider from Indore Smart City Development Ltd.
EKIESL will now assist ISCDL to monetize the carbon credits generated by its numerous green initiatives. This is the second contract that EKIESL has won from ISCDL after the successful generation of additional revenues of approx. Rs. 8.34 crores within FY 21-22 under the existing contract.
Sterlite Technologies wins INR 170-crore unified network management contract for PGCIL
Leveraging its software-defined networking solution, STL will deliver a customised Unified Network Management System (UNMS) offering advanced automation, programmable configuration and actionable insights.
Power minister reviews progress of Solar Roof Top Scheme; directs to simplify scheme
The minister has directed that henceforth, it will not be necessary for any household to get the roof top solar installed by any of the listed vendors. The households may also install the roof top by themselves or get the roof top installed by any vendor of their choice, and inform the distribution company about the installation alongwith a photograph of the system which has been installed.
Torrent Power Limited wins prestigious “Sword of Honour” and “Globe of Honour” awards from British Safety Council
Torrent Power is one of just 5 organizations (of which 2 including Torrent Power are electric utilities) worldwide to receive both these prestigious recognitions in 2021.
Amp Energy secures $350 million cross-jurisdictional portfolio financing
Amp Energy (“Amp”), a global Energy Transition Platform and renewable energy developer, announced today the closing of an innovative $350 million cross-jurisdictional credit facility with a consortium of leading institutional investors including Brookfield Asset Management, a leading sovereign wealth fund, and Nomura Securities.
PFC-REC make further reduction in lending rates
State-owned Non-Banking Financial Companies, Power Finance Corporation and REC Limited have further reduced their lending rates across all types of loans by 40 Bps.
Cabinet approves infusion of INR 1,500 crore in IREDA
This equity infusion will help in employment generation of approximately 10,200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 million tonnes CO2/year.
Fieldfisher advises UK battery innovator Faradion on sale to India’s Reliance New Energy Solar Limited
The deal will allow the sodium-ion battery developer to further enhance its technology and accelerate the commercial roll-out of its products.
States committing to power sector reforms incentivized by increased market borrowings space
Under the scheme, the states may commit to reforms and be eligible for increased borrowing space of ~Rs. 80,000 Crores. This scheme adopts a novel approach to incentivize the states, to commit to reforms and in turn, take benefit in the form of availability of enhanced financial resources.
EKI Energy reports 9M FY2022 revenues of INR 1,325 crore
Robust business growth has been supported by higher demand and increasing carbon credits prices along with changing climate related regulations, increasing awareness of GHG emissions reduction and carbon neutrality pledges by corporates.
