Finance

This category contains 1319 posts

Vestas says fraud squad investigating ex-finance chief over two India agreements

According to reports, the former chief financial officer of Danish wind turbine maker Vestas Wind Systems A/S (VWS.CO) is being investigated by the country’s fraud squad over two agreements he made with an Indian firm, Vestas said. Vestas said it had contacted Denmark’s State Prosecutor for Serious Economic and International Crime in December, but only made … Continue reading

Vikram Solar to setup a 10 MW solar power plant in Tamil Nadu

According to reports, Kolkata-based solar company Vikram Solar is planning to put up a 10 MW power plant at Tamil Nadu under the second phase of the state’s solar policy. The company, which manufactures solar modules and does EPC (engineering, procurement and construction) projects, is keen on getting into project development as well, the managing director of the company, Gyanesh … Continue reading

Gamesa signs 230 MW supply orders in India

Gamesa has announced the signing of two agreements for the supply of a total of 230 MW: 130 MW to China Light & Power India (CLP India) and 100 MW to Greenko Wind Project. Gamesa is present in India as technology provider and wind farm developer. The company has installed over 830 MW and manages … Continue reading

THDCIL to invest Rs 240 billion – diversify in wind and solar energy

According to reports, THDC India, a mini ratna company in the hydropower business, has finalised its corporate and financial plans, with an investment of Rs 24,000 crore in the next 10 years. “The total investment envisaged during the ten year period is around Rs 24,000 crore, to be funded through debt and equity, with equity … Continue reading

Bullish on India, First Solar scouts for partnerships

According to reports, describing Indian market as an attractive and big for solar power, equipment maker ‘First Solar’ has said it is looking for partnerships to strengthen business activities in the country. However, First Solar noted that the single biggest challenge for the sector is availability of funds. First Solar Chief Executive Officer James A … Continue reading

‘Imposing solar power obligation is an indirect tariff hike’- Tamil Nadu Electricity Consumers Association

According to reports, enforcement of solar power obligation was “equivalent to tariff increase’’ without seeking consumers’ views and should be enforced only after a public hearing, the Tamil Nadu Electricity Consumers’ Association (TECA) has contended. It has also argued that in the absence of Tamil Nadu Generation and Distribution Corporation (Tangedco) asking for any upward revision … Continue reading