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  • AzureAzure Power | New York Stock Exchange
Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has been granted INR 678.3 (US$ ~10.5) million of low-cost debt financing through the SBI-World Bank: Grid Connected Rooftop Solar PV Program. The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar rooftop platform.

Azure Roof Power offers superior rooftop solar power solutions for commercial, industrial, government, and institutional customers in cities across India to lower their energy bill and meet their greenhouse gas (GHG) emission reduction targets. With over 100 MWs of high quality, operating and committed solar assets across 14 states, Azure Roof Power has one of the largest rooftop portfolios in the country. Azure Roof Power customers include large commercial real estate companies, a leading global chain of premium hotels, distribution companies in smart cities, warehouses, Delhi Metro Rail Corporation, Indian Railways and a Delhi water utility company.

Speaking on this occasion, Inderpreet Wadhwa, Chairman, and Chief Executive Officer, Azure Power said, “We are pleased to announce our partnership with SBI and World Bank which will enable us lower the energy bills of our customers by providing clean and sustainable solar energy. We are excited to expand our Azure Roof Power platform in India with the support of SBI and World Bank.”

Under the SBI-World Bank: Grid Connected Rooftop Solar PV Program, the World Bank and the International Bank for Reconstruction and Development (IBRD) approved a line of credit of $625 million to support the Government of India’s goal to expand rooftop solar to 40,000 MWs. 

About Azure Power

Azure Power (NYSE: AZRE) is a leading solar power producer in India with a portfolio of over 1,000 MWs across 18 states. With over 100 MWs of high quality, operating and committed solar assets, the company has one of the largest rooftop portfolios in the country. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale to rooftop, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.

For more information, visit: www.azurepower.com.

Read more: Azure Power Taps IBRD (World Bank) Loan to Scale...

Indian Tamil Nadu Energy Development Agency (TEDA) invites Expressions of Interest (EOI) from national and international companies or consortium thereof interested in establishment of 500 MW solar park in the state of Tamil Nadu as part of »Development of Solar Parks and Ultra Mega Solar Power Projects« announced by the Ministry of New and Renewable Energy (MNRE).

Read more: India’s Tamil Nadu gets ready for another 500 MW...

India’s First Canal Top Solar PV system at NTPC Mouda

13th Jun, 2017

NTPC has energized 150 kWp Canal Top Solar PV System on cooling water (CW) channel at its 2320 MW Mouda Thermal Power Project, near Nagpur in Maharashtra.

This novel Solar PV system makes use of side walls of CW channels as load bearing structure thereby significantly decreasing cost of civil and mounting structure.

The system also has several other unique advantages such as Land Conservation, water conservation due to reduced evaporation, increased PV generation due to cooling and reduction in dirt, leaves thereby reducing chemicals for water treatment.


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Read more: India’s First Canal Top Solar PV system at NTPC...

NTPC Installs 110 KWp AC Microgrid at NETRA

09th Jun, 2017

An AC Microgrid test bed of 110 KWp Solar PV with demand side management to cater three phase critical loads has been installed and commissioned at NTPC Energy Technology Research Alliance (NETRA), the R&D arm of NTPC Ltd, Greater Noida. System architecture and centralized control has been designed in-house to monitor and control all generating sources, storage and loads.

The system is designed to maximize the PV generation in case of grid interruptions. This type of Microgrid will be useful in places where grid is weak or absent.

Climate change, waste management, carbon capture and Utilization, new & renewable energy, efficiency improvement and cost reduction are core areas of research at NETRA. It is also providing scientific support to NTPC and other power utilities for improving availability, reliability and efficiency.

NTPC is India’s largest Power Generating Company having total installed capacity of 51,527 MW with presence in Coal, Gas Hydro, Solar and Wind Power Generation, Coal Mining and EV Charging Business.


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  • AzureAzure Power | New York Stock Exchange
Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has announced that it has commissioned a 100-megawatt (MW) solar power plant in Andhra Pradesh.

The project was auctioned by NTPC, which has a AAA debt rating and is the Government of India’s largest power utility. The solar plant has been set up at Kurnool Ultra Mega Solar Park with a total capacity of 1,000 MWs. The solar park is being developed by Solar Park Implementation Agency (SPIA) and Andhra Pradesh Solar Power Corporation Limited (APSPCL). Azure Power will supply power to NTPC for 25 years at a tariff of INR 5.12 (~USD 7.9 cents) per kWh. Spread across 500 acres of land in Andhra Pradesh, the project will help in electrifying the nearby areas. 

Speaking on this occasion, Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, “With the commissioning of this plant, we have once again demonstrated our strong project development, engineering, and execution capabilities. We are delighted to make a contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation. Our sincere gratitude to NTPC and the State of Andhra Pradesh for all the cooperation and support extended.”

About Azure Power
 
Azure Power (NYSE: AZRE) is a leading solar power producer in India with a portfolio of over 1,000 MWs across 18 states. With over 100 MWs of high quality, operating and committed solar assets, the company has one of the largest rooftop portfolios in the country. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale to rooftop, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.

For more information, visit: www.azurepower.com.

Read more: Azure Power Commissions 100 MW NTPC Solar...

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  • (L-R)(L-R) Ms. Rita Teotia, Commerce Secretary, MoC&I Government of India, Mr. Anil Kumar Mittal, Chairman & Managing Director, KRBL Ltd, Mr. Arun Kumar Gupta, Joint Managing Director, KRBL Ltd and Ms. Priyanka Mittal, Whole Time Director, KRBL Ltd.
Recognising the impeccable quality of its products, KRBL Limited, a leading Basmati Rice Company, has been awarded the Golden Trophy by APEDA (Agricultural and Processed Food Products Export Development Authority), Ministry of Commerce and Industry, Government of India, for outstanding export performance for the year 2015-16. The award was presented by Smt. Rita Teotia, Commerce Secretary, MoC&I Government of India, at the 22nd Annual APEDA Award Function held on 12th June, 2017, at Vigyan Bhawan, New Delhi.
 
Mr. Anil Kumar Mittal, Chairman & Managing Director of KRBL Limited, received the award on behalf of the company. Senior officers of the MoC&I and other government officials also graced the occasion.
 
With over a 120-year heritage and an existence since 1889, KRBL Limited is the world’s largest rice millers and Basmati rice exporters with a comprehensive product chain. KRBL exports basmati rice to 73 countries in the world and has a capacity of producing 195 MT of rice per hour.
 
On receiving the award, Mr. Anil Kumar Mittal, Chairman & Managing Director of KRBL Limited said, “We are honoured to receive this award from APEDA as it reflects our continued commitment to satisfy our customers and deliver best quality Basmati Rice in India and around the world. This is truly a reflection of the high quality of products appreciated in domestic as well as international markets. Our flagship brand - India Gate Basmati Rice not only enjoys market leadership in India but many important markets of Middle East and South East Asia. KRBL Limited believes that awards and recognition not only acknowledge success but also act as an impetus to motivate the company and its employees. It inspires us to take up new challenges that set new benchmarks in the industry.”
 
Taking cue from Ms. Teotia’s speech today, KRBL is committed to extending its global branding network to enhance value addition in India. “We are equally committed to marketing Indian Quinoa and other healthy grain from India in our brands to create newer product categories and newer markets, also suggested by her. MoC support to further these new initiatives is very encouraging,” Mr. Mittal added. 
 
Today, KRBL stands at the top slot of the Indian Basmati rice industry, unmatched and unparalleled in every aspect. With a strong retail presence across different sizes and price points, India Gate continued to allure consumers across all age groups and regions to lead the market and is today the most aspirational basmati rice brand in India. As world’s largest Basmati exporter, KRBL has its wings spread across all the Basmati eating regions like Asia, Middle East, Europe, USA, Canada and Africa.

About APEDA
 
The Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act passed by the Parliament in December, 1985. APEDA links Indian exporters to global markets for the promotion of large range of processed food products, besides providing comprehensive export-oriented services.
 
About KRBL
 
Background: KRBL has its genesis as a 127-year-old firm engaged in the business of grain marketing and agro processing, reinforcing its long-standing experience and expertise in the industry. Incorporated in 1993 with the objective of processing paddy, the Company, promoted by Mr. Anil Kumar Mittal, Mr Arun Kumar Gupta and Mr Anoop Kumar Gupta, is today synonymous with Basmati rice the world over, and has bestowed the Indian Basmati rice with global glory.
 
Offices & Units: The Company has a Registered office at Lahori Gate, Delhi and Corporate office at Sector 62, Noida, UP. The Company has its Manufacturing Units in Gautam Budh Nagar, UP and Dhuri, Punjab for rice processing. The Company has also its Grading, Sorting and Packaging units in Sonipat, Haryana and Alipur, Delhi.
 
Products: Company is a global branded food specialty company marketing basmati and non-basmati rice in its brands along with seeds such as quinoa and other by-products such as rice bran oil, de-oiled cake and furfural etc. The company is also engaged in power generation from solar power plant, wind turbine and a husk-based power plant.
 
Star Brands: India Gate is the flagship brand of the Company produced from the best paddy sowed from the most fertile soil in India. Over the years, the Company has also developed other popular rice brands such as Indian Farm, Aarti Unity, BAB AL Hind, Doon, Nur Jahan, Bemisal etc. to meet the needs of different categories of consumers across regions.
 
Production Capacity: It is a leading integrated industry player with business philosophy aligned with its quality rice. Its rice milling capacity of 195 MT/hour, the largest in the word, lends it a distinctive edge, ranking it at the top of the industry. KRBL Limited has the capacity to handle 20% of total Basmati production of India.
 
Distribution Network: KRBL Limited is a global rice entity having a multi-brand presence both in the domestic as well as in overseas market. In Domestic, it Covers Market in all 29 States and 7 Union Territories. KRBL Limited is a leading exports to 75 countries across the world, the maximum global reach as compared to any FMCG player.
 
For More Information, Visit http://www.krblrice.com

Read more: KRBL Limited Wins the APEDA Golden Trophy for...

Two day International R&D Conference on Green Power-Challenges and Innovations

09th Jun, 2017

More than 600 participants from 109 institutions encompassing Academics, R&D Institutes, Govt bodies and Industry from across the world are attending the conference Green Power-Challenges and Innovations organised by NETRA - R&D wing of NTPC on June 8-9 at NTPC- PMI, NOIDA. 19 international and 20 national technical papers on topics relevant to Indian power sector i.e Water, Ash, Energy Efficiency, Energy Storage, e-Mobility etc shall be presented during the conference.

Padma Vibhushan Dr. R. Chidambaram, Principal Scientific Advisor, GOI inaugurated the conference in the presence of Shri Dr.Ashok Jhunjhuwala, Principal advisor (MNRE) ,Dr. Indranil Manna, Director (IIT-Kanpur), Shri Gurdeep Singh, CMD (NTPC), Shri A.K.Jha, Director(Technical ) and Shri K.K.Sharma, Director(Operations) .


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Read more: Two day International R&D Conference on Green...

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