India

And guess how much funding SunEdison got from Overseas Private Investment Corporation?

Adani Power Limited has will commence commercial operations at unit-2 of the Mundra thermal power plant by end of December.

NHPC Limited`s 45 MW Nimoo Bazgo hydroelectric project t has already suffered incessant delays owing to constrained supplies of the crucial electo-magnetic parts.

Khazanah Nasional, the sovereign wealth fund of the Malaysian government, plans to invest in India, including the latter's energy sector.

Indian Prime Minister Manmohan Singh has discussed ways to implement the civil nuclear deal with US President Barack Obama.

The state government of Jammu and Kashmir in India is seeking bids from power companies to develop a 400MW Karthai hydro electric power project.

BGR Energy was awarded an EPC contract to establish a 2x300 MW thermal power plant at the Nawapara village of Chhattisgarh.

GE India has appointed Banmali Agrawala as President and CEO of its energy business in the country.

India is a key strategic partner in the UK’s effort to promote renewable energy and tackle climate change, according to United Kingdom’s minister of state for climate change Gregory Barker.

The US was willing to assist Pakistan’s hydro energy power projects to overcome energy crisis, according to Ambassador Cameron Munter.

Bangladesh wants to solve two problems with one solution.

The company’s profit after tax also jumped by 17.52% to Rs 52.39 crore.

Areva T&  has bagged a Rs 200 crore contract from state-owned PowerGrid Corp for setting up a transmission network at Bareilly, in Uttar Pradesh.

Voith Hydro will supply turbines, generators and electrical and mechanical auxiliaries for Sikkim’s Rongnichu  Hydro-Electric Project.

Power Grid Corporation is exploring the possibility of setting up a ’smart grid’ on pilot basis to reduce transmission and distribution loss.

The US Government-sponsored banks that have helped fund the takeoff of India’s fledgling solar industry may soon move to withdraw their support, according to an official at the Overseas Private Investment Corporation (OPIC). Peter Ballinger, OPIC’s director, has said that the agency is rapidly approaching its lending limit for PV projects in India and opined that multilateral lenders like the Asian Development Bank (ADB) and the World Bank (WB) could shortly be forced to reassess their aid packages. The ADB, WB and OPIC were among the first to invest in developing solar in India. However, such has been the success of the investment programme that projects in the country now account for 8.5% of OPIC’s total loan book, nearing its 10% limit for any one country. India hopes to complete its first round of large-scale PV installations by January, and is planning to hold an auction for a further 350MW of projects later this month. In October Moser Baer installed India’s largest system to date, a 30MW system in the state of Gujarat, and national capacity now stands at 125MW. Ballinger believes that, with the industry maturing, the time is right for development banks to start withdrawing support. “We’re supposed to be catalytic for new industries by providing financing at an early stage until more traditional lenders get comfortable with the risks of new technologies and businesses they’re unfamiliar with,” he said. “It may be time for commercial banks to step in to India’s solar sector now that it appears to be ramping up."