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Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

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US to help India develop clean energy projects

Monday - Mar 26, 2012, 04:43pm (GMT+5.5)
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New Delhi -  The United States Trade Development Agency Monday signed two deals with Indian firms to help develop clean energy projects. The deals will generate Indian demand for US equipment worth over $250 million.

Under the first deal, the agency will support a feasibility study for development of a rural micro-grid solar power project that will bring electricity to remote villages in India.

The second deal is related to the implementation of smart grid technology in Kolkata.

"India has ambitious energy infrastructure development goals. We are pleased to join this trade mission to support those goals, and to help open the market for US clean energy technologies," Henry

Steingass, regional director for US Trade Development Agency, said after signing the deal.

Steingass is part of a business delegation accompanying US Commerce Secretary John Bryson. Bryson on his current India visit is leading a delegation of 16 US infrastructure firms.

According to a statement released by it, the US agency said it will help private solar power developer Azure Power in the feasibility study to access the development of a rural micro-grid solar power

project that will bring electricity to remote villages in India.

Azure aims to set up over 100 micro-grid solar systems. Each system would cover an area of 2-3 acres of rural land with little or no connectivity to existing electrical grids.

The other deal signed with CESC Limited is related to a feasibility study for implementation of smart grid technologies across their electricity distribution networks in Kolkata. The project will improve

efficiency and energy reliability for its 2.5 million customers.





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