Latest News | Business Briefs Received RBI's Approval to Operate as Payment Aggregator: SabPaisa

New Delhi, Nov 3 (PTI) Payment solutions provider SabPaisa (SRS Live Technologies) on Thursday said it has received an approval from the Reserve Bank of India (RBI) to operate as a payment aggregator.

As a bootstrapped startup, SabPaisa has now become one of the few fintech companies to receive this approval, it said.

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"Our objective is to prepare ourselves to provide solutions and ensure that we remain competitive and future-ready," Pathikrit Dasgupta, Co-Founder and CEO of SabPaisa said in a statement.

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*** Vestas dispatches 3.6 MW nacelle for Vibrant Energy's wind proj in Maharashtra * Turbine maker Vestas has dispatched the first 3.6 MW nacelle for the 54 MW project of Vibrant Energy in Maharashtra.

A nacelle is the part of the wind turbine that consists of a generator, low- and high-speed shafts, gearbox, brake, and control electronics.

Vibrant Energy had signed the contract for this project with Vestas in the first quarter of 2022. With this dispatch, Vestas moves closer to completing the installation of Vestas' first 3.6 MW turbine in India at the end of November.

"Vestas has dispatched one of India's largest 3.6 MW Nacelle from its factory in Oragadam Chennai, for Vibrant Energy's 54 MW wind project in Maharashtra," a statement said.

The overall project comprises 15, V155-3.6MW turbines and is expected to be commissioned in the first quarter of 2023. The project totalling 54 MW is expected to produce 178 GWh of power annually for the next 20 years.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)