MoU between NTPC and MOP for 2017-18

22nd Jun, 2017

Memorandum of Understanding (MoU) for the year 2017-18 between NTPC and Ministry of Power, Govt of India was signed on 20th June, 2017.

As per the MOU, NTPC has generation target of 250 Billion Units during the year under "Excellent" category. Revenue target from Operations under "Excellent" category is Rs 79,280 Crore.

In addition to above, parameters related to financial performance, operational efficiency, CAPEX, projects monitoring and HR Management are also part of MoU in line with guidelines of Department of Public Enterprises.

NTPC is the largest power utility company in India with a total installed capacity of 51,635 MW. Company has presence in Coal , Gas , Solar PV, Hydro and Wind Power Generation and Coal Mining.

« Back to Press Releases
Read more: MoU between NTPC and MOP for 2017-18

> <
  • (L-R(L-R ) Ulhas Pawar, Sandeep Waslekar, President Startegic Foresight Group, Hanmant Gaikwad, MD & Chairman, BVG , Sharad Pawar, Nitin Gadkari, Raghunath Mashelkar, Umesh Mane, Joint MD, BVG, Arunima Sinha, Goodwill Ambasador, BVG
  • Hanmant Gaikwad, Chairman of BVG appreciated by Sharad Pawar & Nitin Gadkari for the success and determination
  • BVG announces major expansion plans
  • To foray into affordable housing & agriculture
A Marathi entrepreneur in the form of Hanmant Gaikwad has brought change in the service sector. His success has brought glory to Maharashtra and is pride of all Marathi people, said Union Road, Surface Transport and Shipping Minister Nitin Gadkari.
Shri. Gadkari spoke at the Silver Jubilee function of Bharat Vikas Group. Former Minister for Agriculture, Sharad Pawar, Chairman of the Strategic Group, Sandeep Vasalekar; Veteran Scientist, Dr. Raghunath Mashelkar; Hanmant Gaikwad, Chairman of Bharat Vikas Group (BVG) and Vice Chairman, Umesh Mane; Arunima Sinha; the Goodwill Ambassador of BVG were also present on the dais.
Three apps were launched at the occasion. ‘108’, the app designed for an emergency situation, was launched by Arunima Sinha. Domestiqa, the app for domestic services, was launched by Sandeep Vasalekar. Booklet app, the audio book app, was launched by Dr. Mashelkar. Amrut Deshmukh, who read books for the app, was felicitated. Also, the book ‘BVG Krishi Tantradnyan’ and the Gram Vikas App were launched by Sharad Pawar. Suryakant Mane, the first employee of the group and Tata Motors, the first customer, were also felicitated on the occasion. The logo of the BVG Nivara, the affordable housing scheme, was unveiled by Shri. Gadkari.
Speaking on the occasion, Shri. Gadkari said, “My familiarity with Hanmantrao grew more and more during the last 8-10 years. He succeeded not only in Maharashtra but outside of the state as well. Today, Prime Minister Narendra Modi praised him. He has brought glory to Maharashtra. His achievements are the pride of the Maharashtra and Marathi people. While running his business he teaches people how to conduct themselves as human and this is his true greatness. The conduct of the people trained by him is ideal.”
Praising Shri. Gaikwad’s work, he said that influenced by Swami Vivekananda’ ideology, he has still his feet on the ground even after achieving so much success. He advised Shri. Gaikwad that ‘You have made Marathi people successful in Delhi, now venture out to the world.”
Dr. Mashelkar said that because of Gaikwad, the children from Varangwadi could get the chance of interacting with the scientists at Kuala Lumpur. He said that inequality since birth is a problem in India and the BVG should work to remove it. In his welcome address, Shri. Gaikwad said, “Today’s program is actually the expression of gratitude. The credit for today’s success goes to our entire team. We are trying to bring change in the lives of 50 lakh people. We are trying to bring domestic help under the social security net like ESI and PF. We are planning to facilitate affordable houses. We are looking at opportunities in Cambodia and Zimbabwe.”
Boy from Satara Reached Cambodia: Pawar
Speaking at the occasion, Sharad Pawar said, “Gaikwad has reached new heights of achievements after coming from a drought-prone area. While entering parliament, the cleaning equipment of the BVG is what we see first. Then only we can enter the parliament. The guy from Satara has reached Cambodia and he will reach Japan and US tomorrow.”
He mentioned BVG‘s work saying, “BVG is using the plastic to make environment-friendly products. The local bodies should take their advantage. BVG is also working in the solar energy sector. The society will benefit from it without doubt. Today, BVG is providing shelter and employment to 70 thousand families.”
Read more: BVG Celebrates Silver Jubilee in Grand Style

> <
  • 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:

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

> <
  • 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:

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

> <
  • ImageImage for representation purpose only
Sterling and Wilson, one of the dominant global forces in the solar-PV space, has bagged Turnkey Engineering Procurement and Construction along with Operation & Maintenance contract for the world’s largest single location solar PV plant in Sweihan, Emirates of Abu Dhabi. The project will deliver a capacity of 1177 MWp, easily surpassing the current largest 850 MWp single location plant in China.
With construction already underway, the prodigious plant, which is spread over a desert area of 7.8 sq. km, is scheduled to be fully integrated with the grid in a record timeline of just 23 months. To top it all, the project was awarded at the lowest ever recorded bid in the history of PV solar.
The plant is jointly developed by Marubeni, a Japanese integrated trading and investment giant, along with Jinko, a global leader in the solar industry, and Abu Dhabi Water and Electricity Authority (ADWEA). The consortium has successfully bid a tariff of USD 2.42 cents per kilowatt hour, marking the lowest cost ever for solar power. This is a positive demonstration of the promising future of clean energy, reducing the dominance of fossil-fuel-backed power plants.  
The prestigious project will play a major role in the Emirates of Abu Dhabi achieving its aim of sustainability and energy diversification, through the use of clean energy/low carbon growth in accordance with the world’s vision of long-term environmental stewardship.
The plant, once commissioned, would save around 7 million tonnes of carbon emissions every year, a number that would be a national landmark. To put it in perspective, 1177 MWp can power around 1,95,000 homes, thus contributing to the welfare of the current as well as the future generations of the people of the UAE.
“We are fully geared and very excited to be a part of this important milestone in the global solar market”, said Bikesh Ogra, President – Renewable Energy, Sterling and Wilson.
Owing to the favorable government policies, India is now the 3rd largest market for solar in the world, allowing Sterling and Wilson the opportunity to become the leading solar EPC in the country. The company has created a global brand and has now grown to be the world’s largest solar EPC player outside USA and China.
Laying emphasis on the need to be competitive, he further added, “The strongest contributor to this tariff is the capital expense driven by lower equipment cost and a highly efficient system design. Our unique design offerings and state-of-the-art robotics optimizes the yield and performance of the plant”
Sterling and Wilson also has to its credit >1400 MW of best performing solar power plants in various geographies with a powerhouse of more than 3000 qualified engineers, project managers and designers.
As the acceleration of growth in the energy sector has increased worldwide, Sterling and Wilson has ventured into the wind and energy storage sectors, covering the entire canvas in the renewable sector. Backed by its robust resources in project management, project implementation and project engineering, with projects completed in the Philippines and South Africa, and a number of projects in Zambia, Niger and Morocco under construction, the company is fully geared to deliver more than 3000 MW every year.

About Sterling and Wilson

Sterling and Wilson is an excellent example of how the Shapoorji Pallonji family has nurtured long-term associations with its business partners. The Mistry and Daruvala families have been partners in Sterling and Wilson for 3 generations. This partnership will only grow stronger, as the 4th generations of both families have recently joined the business.
Over the past 5 years, Sterling and Wilson has shown exceptional growth; with operations all over the globe, as well as an expansion in its range of services, the company's turnover has shown an extremely positive growth. From a turnover of INR 1,760 crore in 2012, Sterling and Wilson group crossed a turnover of INR 6,000 crore last year as is likely to exceed INR 10,000 crore in the year ended March 2018. From being a predominantly India focused company in 2010, Sterling and Wilson now operates across the Middle East, Africa, Australia and Europe. In the current year, the company is expanding to the USA and South America. From being a company that was mainly focussed on doing MEP projects in India, Sterling and Wilson over the past 5 years has set up global operations in manufacture of DG sets, Gas based power plants, Waste to Energy, Turnkey data centers, Transmission and Distribution and Solar EPC. With its recent forays into wind and energy storage, Sterling and Wilson is perfectly poised to play a pivotal role in the global trend of moving away from thermal plants to a future of renewable energy with storage.

Visit us at

Read more: Sterling and Wilson Scales New Heights; Gets...

> <
  • (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.

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

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

Jaipur, Rajasthan, 14 June 2017: Solar Quarter, India’s leading knowledge and media service providers in the solar energy sector, received outstanding media company award for its contribution to development of solar industry by Rajasthan Solar Association (RSA). The award was presented to SolarQuarter at the recently held SolarRoofs India 2017 at Hotel The Hilton Jaipur, Rajasthan.

The award was presented by Shree Pushpendra Singh, Energy minister of Government of Rajasthan along with Mr. Pranav Mehta, Chairman, National Solar Energy Federation of India (NSEFI). The award was presented in the presence of key dignitaries including Shree B K Doshi, MD, RRECL, Shree A K Jain, MD, REIL and Shree S P Shrimali, Chairman, Marudhara Bank.

The award was received by Mr. Vijay Kumar, MD, Solar Quarter. “We started in the solar industry when it was in its nascent stages in India. It has been our prime focus to develop new products which expedite the industry’s growth. Today we have developed a vast portfolio of publications, reports, conferences and training programmes spanning every part of the country. We have seen the industry growing and have been the integral part of this industry. We feel blessed that our hard work of over the years is being appreciated. We will continue our work for the upliftment of the industry. We are grateful to RSA and NSEFI who have recognised our efforts.”

India has to achieve the target of 40 GW by 2022 of Solar rooftop projects. To support this initiative of government, SolarQuarter has recently launched series of events called SolarRoofs India 2017 ( will be organised in 15 cities of India viz Jaipur, Pune, Kolkata, Chennai, Ahmedabad, Vizag, Kolhapur, Jodhpur, Udaipur and many more to list down. The event series aims to bring better awareness & promote faster implementation of rooftop projects in industrial, residential and commercial segments. This initiative of SolarQuarter has been lauded by the ministry, the government agencies and the industry.

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.

« Back to Press Releases
Read more: India’s First Canal Top Solar PV system at NTPC...

More Articles ...



SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Biggest Solar Rooftop Business Opportunity in Your City_Register Now For SolarRoofs Pan India Series…
Monday, 24 July 2017 05:26
SolarQuarter Challenges developers & epc players face while procuring modules? Pv moduletech @acmemarkets @ENGIEgroup
Friday, 21 July 2017 08:36
SolarQuarter Another informative presentation coming up by @ZNSHINESOLAR solar Pv moduletech India 2017
Friday, 21 July 2017 07:37
SolarQuarter Mr Oakland Fu , @DuPont_News solar Pv moduletech India
Friday, 21 July 2017 07:36