MP Govt signs $1 bn MoU with Chinas Sany group
The Dollar Business Bureau The government of Madhya Pradesh on Monday has signed a Memorandum of Understanding (MoU) with China’s Sany Group, worth $1 billion. The company has shown interest in investing in 500 MW wind energy sector and constructing industrial infrastructure, revealed a government spokesperson. Speaking on the occasion, Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh assured full cooperation to the Chinese company. The Chief Minister also invited the company to take part in the Global Investors' Summit (GIS) to be held in Indore from October 22-23 this year. China Fortune Land Development, another Chinese company, has also evinced interest in the development of cities in the state. Earlier, on Monday, while speaking at a seminar on 'Invest in Madhya Pradesh' in ...
Renewable energy sector gets $100 bn investment in 2015
Several renewable energy agreements were signed between state-owned enterprises, Indian power companies, and global renewable energy firms The Dollar Business Bureau India is executing one of the most radical energy sector transformations ever undertaken, and this year (2015) has shown that the flow of finance is matching the ambition Indias renewable energy sector has undergone a paradigm shift as a result of investments worth more than $100 billion over the last eight months in 2015, according to a report released by the Institute for Energy Economics and Financial Analysis (IEEFA). The report titled Indias Electricity Sector Transformation says there has been an influx of global capitals into India as the country moves toward its goal of installing 175 gigawatts of renewable energy by ...
