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Business Economy

World's largest solar project starts feeding electricity into national grid

New Delhi, Jun 13 (UNI) Private power equipment supplier ABB today said it has successfully commissioned five substations to integrate a 648 megawatt (MW) solar project at Kamuthi in the southern Indian state of Tamil Nadu to the national transmission grid.
This Adani Group project, made up of five plants in a single location, is the largest of its kind in the world and will meet electricity requirement of 1.5 lakh households.
360 MW from the solar project is currently grid-connected. At full capacity, this facility will account for nearly 10 per cent of the country’s current solar capacity of about seven GW.
The project contributes to India’s vision of achieving 100 GW of solar power by 2022, with the overall aim of diversifying its energy mix to meet growing demand while minimising environmental impact. As part of this plan, the government has issued a proposal to implement 25 ultra-mega solar power projects with capacities between 500 and 1,000 MW over a period of five years.
The government of Tamil Nadu is also pursuing a solar policy which envisages a solar generation capacity addition of 3,000 MW.
“We are proud to support the country’s clean energy vision and push for solar power which demonstrates its commitment to sustainable growth,” said Claudio Facchin, President of ABB’s Power Grids division.
“This project exemplifies our end-to-end power and automation system integration capabilities and reinforces our commitment to the renewable energy sector, a key component of ABB’s Next Level strategy.”
ABB’s project scope included the design, supply, installation and commissioning related to the solar plant electrification and automation systems.
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FM rolls back enhanced surcharge on foreign investors; auto, home loans cheaper sector

23 Aug 2019 | 10:28 PM

New Delhi, Aug 23 (UNI) Stressing that reform is on top of the Narendra Modi-led government’s agenda, Union Finance Minister Nirmala Sitharaman on Friday announced a slew of measures in an attempt to give a fillip to the economy.

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Govt's package to revive economy eyewash: AIBEA

23 Aug 2019 | 10:10 PM

Aurangabad, Maharashtra, Aug 23 (UNI) General Secretary of Maharashtra State Bank employees Federation and Joint Secretary of AIBEA Devidas Tuljapurkar said on Friday that measures announced by Finance Minister Nirmala Sitharaman to revive economy is nothing but reiterating existing policy framework which banks are already implementing.

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Interactive meet on “Code on Wages 2019” held at FTCCI in Telangana

23 Aug 2019 | 9:36 PM

Hyderabad , Aug 23 (UNI) Experts and academician from Industry and the Government welcomed the new initiative 'The Code on Wages 2019' which would help to ease doing business besides improving efficiency, at an interactive meet held at Federation of Telangana Chambers of Commerce and Industry( FTCCI ), here on Friday.

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Bombay HC judgment is a ‘Signature of God’: Jignesh Shah after winning case

Bombay HC judgment is a ‘Signature of God’: Jignesh Shah after winning case

23 Aug 2019 | 9:35 PM

Mumbai, Aug 23 (UNI) A day after the Bombay High Court nullified the attachment of 63 Moons Technologies’ bank accounts and properties worth Rs 8,500 crore, company’s promoter Jignesh Shah on Friday said that the judgment was a “signature of God” in the current trend of developments.

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AirAsia offers 20 pc off on all filghts in Telangana

23 Aug 2019 | 9:22 PM

Hyderabad, Aug 23 (UNI) AirAsia, the most preferred low cost carrier on Friday announced a limited period discount of 20 per cent for all its guests on all seats, all flights and all destinations, an official statement said on Friday.

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