Indian Shipping sector to benefit from the new chartered ship between Kollam and Kochi

Posted by Ankita Palit On May - 23 - 2013

Indian shipping sector is expected to witness a strong connectivity between coastal and inland waterways in the State of Kerala. The state will get a 205 km Kollam-Kottapuram National Waterway III by Nov 2013. This initiative will provide a tremendous boost to efforts being made to shift cargo movement from congested and risky roads to [...]

GE launches innovative technology in Indian medical device market

Posted by sushmita sengupta On May - 22 - 2013

GE Healthcare has very recently launched its 1st healthcare technology experiential lounge on wheels under its Mission Healthier India in Coimbatore. The entire set up has been built at a cost of INR 4 mn that comprises of equipment such as ECG, scan, critical tools and infant care technologies. The mission was focused at upliftment [...]

Indian healthcare market gets its 1st ever indigenous rotavirus vaccine

Posted by sushmita sengupta On May - 15 - 2013

Indian healthcare industry will very soon launch its 1st completely indigenous and affordable rotavirus diarrhoea vaccine that took almost 28 years of hard work. The results of the Phase III clinical trial of the Rotavac vaccine was announced at an international conference that declared efficiency level at 56% in the 1st year of life. The [...]

Transportation & logistics market to see more divestment by Gati

Posted by Ankita Palit On May - 14 - 2013

Gati Ltd, one of leading player in the transportation & logistics market has sold 40% of its stake in Gati Ship to Riba Constructions. The deal was worth INR 80 mn which is expected to be complete by June 2013. The express distribution and supply chain solutions provider has plans to divest further in the [...]

Biocon and Trinity collaborate to encourage genetic research

Posted by sushmita sengupta On May - 14 - 2013

Bengaluru based Biocon has entered into a partnership with Dublin-based Trinity College to support Indian students in genetic research. Biocon will sponsor two annual sponsorships that would give meritorious candidates an opportunity to work in Trinty College laboratories. The sponsorship program has been especially designed to encourage innovation in the field of biotechnology. The sponsorship [...]

Research On India Blog

Greenko all set to foray into the wind energy market in India

Posted by Priyanka Sen On September - 7 - 2010

@Proactive Investors: Greenko is preparing to enter the wind energy sector in India. The Company is targeting a capacity of 200 MW by 2012.

The company specializes in clean power. Its portfolio of green energy includes hydro-electric, bio-mass, gas/liquid fuels and wind-power. It studied the wind energy market in India for two years. It is already working upon a 65 MW project in Maharashtra. After achieving the target of 200 MW capacity of wind energy, the Company will raise its green energy capacity from 611 MW to 811 MW.

The company has a 13-year Power Purchasing Agreement (PPA) with Reliance Infrastructure, Mumbai based power distributor, and it also has a technology partnership deal with GE for ‘XLE class’ wind turbines, which are particularly designed for low wind regimes in India.

As per the agreement with Reliance Infrastructure, Greenko will supply 200 MW of wind power, at INR 5.07 per KWH. The rate is subject to adjustments on first delivery in 2011 and thereafter it will be fixed.

Energy and Utilities, Market Insights

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