Tag Archive for commissions

ReNew Power successfully commissions 126 MW of the first reverse wind auction in India

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

ReNew Power Limited, India’s largest renewable energy IPP in terms of total energy generation capacity*, today announced the successful commissioning of Phase 1 (126 MW) of its 250 MW wind project located in Kutch district of Gujarat. This project is part of the India’s first wind power reverse auction concluded by Solar Energy Corporation of India Limited (SECI) in February 2017 under the 1000 MWInter-State Transmission System (ISTS). The power generated from this project will be supplied to the Northern and Eastern states of UP, Bihar, Jharkhand & Odisha using the ISTS network.

 

The 250MW wind power project was won at a tariff of 3.46 INR/unit by Ostro Kutch Wind Pvt. Ltd in April 2017, which,through an acquisition of OstroEnergy Private Limited and its portfolio of wind and solar energyprojects became part of ReNew Power in March 2018.

 

Sumant Sinha, Chairman and Managing Director, ReNew Power Limited, said,“ReNew Power is India’s first renewable energy company to commission the first wind power project under ISTS scheme of SECI I wind auction. This is indeed a memorable moment for all of us as this milestone was achieved well ahead of commissioning dateand I want to thank all the stakeholders who supported us.” Read more

ICICI Lombard commissions pan India research: ‘Readiness of India Inc. with respect to Risk Management’

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By  Vivek K. Mobile: 09920183006  Email:indianshowbusiness@gmail.com

ICICI Lombard General Insurance, one of the leading general insurance companies in the country, has commissioned an all India research entitled ‘Readiness of India Inc. with respect to Risk Management’. The research was conducted through online interviews with 130 C-suite risk officers, to identify the risk practices adopted by Indian organizations.

The research elucidates Enterprise Risk Management (ERM) as a mechanism which combines culture, capabilities and practices with strategy setting and its execution to manage risks in order to create, persevere and realize value. While the key risk areas perceived by India Inc. include regulatory compliance (53%) and operational concerns (50%); 27% of the respondents believe geopolitical uncertainty to be a risk factor. Whereas, 23% claim uncertain economic growth can lead to increasing risks. Interestingly, only 23% respondents perceived information insecurity as a key risk while 11% believe technological disruption was a risk area. This could be because of the limited risk exposures that companies would have experienced directly. Read more