SmartTrak Solar Systems Pvt. Ltd, a maker of solar trackers and inverters, is in advanced talks to raise $25 million in the next three months from a US-based private equity investor, its top executive said. This would be the firm’s first external round of funding which could help it enter newer markets such as Africa and West Asia. Right now, India generates around 3,000 MW of solar power, which is expected ...

The Electricity of Viet Nam (EVN) and the Viet Nam Coal and Mineral Industries Group (Vinacomin) have assured electricity prices will remain unchanged until the end of the year. The commitment was made following public concern about the possible electricity price hike after these groups reported a loss caused by fluctuations in foreign exchange rates. Earlier this month, three large conglomerates of the Min ...

Chinese developer Tuopai Power Development Co. Ltd. has awarded a contract to Emerson Process Management to supply automation equipment for its 48-MW Shehong Liushu hydroelectric plant. Emerson (NYSE: EMR) is to provide its "Ovation" supervisory control and data acquisition (SCADA) equipment for the project, which is to be located on the Fujiang River in China's Sichuan province. "The strong reputation of E ...

India is projected to add 2,500 MW solar power generation capacity this year as the country's solar market is set to "take off", says a report. Upgrading its earlier forecast for 2015, Mercom Capital Group today said the country is on target to become one of the top five solar markets over the next five years. In May, the group had projected solar generation capacity addition at 2,500 MW for this year. The ...

Lynchburg-based BWX Technologies announced today that its subsidiary, BWXT Canada, has been awarded contracts for a nuclear plant in Guanxi, China. The company will be undertaking steam generator design and component manufacturing for Guangxi Fangchenggang Nuclear Power. The delivery of the steam generator components is scheduled for 2018. “We look forward to supplying high-quality designed and manufactured ...

Indian renewable energy company Greenko Group and Aranda Investments, a unit of Singapore’s state fund GIC, have entered into a non-binding agreement for GIC to purchase the totality of Greenko’sstake in its Mauritius-based holding firm for Indian assets – Greenko Mauritius – to GIC for a consideration of US $255 million. If completed, the deal will see Greenko Mauritius’ portfolio of India-based wind, hydr ...

As reports on the Joint Comprehensive Plan of Action (JCPOA) agreement between Iran and the P5+1 — the United States, the United Kingdom, France, Russia, China and Germany — began to trickle out from Vienna on 14 July 2015, India and Pakistan quickly put out statements welcoming the deal. The deal will have major consequences for South Asia. Indian and Pakistani policymakers realise that since they had curt ...

One of India’s leading renewable energy independent power producers, Mytrah Energy, has raised fresh funds to expand its generation capacity. Mytrah Energy has revealed that it has managed to raise around $95 million to fund implementation of 100 MW wind energy projects. The company now has a fully funded project pipeline of 250 MW. The company has an installed wind energy capacity of 543 MW across 6 states ...

North Korea will pursue its "defensive" nuclear programme as long as it feels threatened by the United States, its UN disarmament envoy in Geneva told Reuters on Thursday. In a rare interview, Ambassador So Se Pyong also denounced the latest joint US-South Korean military exercises, due to start next week, saying they fanned tensions on the divided peninsula as it marks the 70th anniversary of liberation fr ...

Disappointment spread across Tarun Singh’s face when he saw that parts of his solar power microgrid in eastern India’s Bihar state had been stolen. Batteries meant to store energy stood disconnected from solar panels and drained of essential acid at the site in Kayam village. Singh, chief executive of Veddis Solars Pvt., said he hadn’t been paid the rent due on the small plant since February. “I’m on the ve ...