Headlines
Have solar power, can sell to government soonHoping to lure residents to opt for solar power by offering monetary benefits, the state government is set to buy power at the rate of Rs 3.50 per unit from domestic consumers who install solar units at their residences and generate power more than their individual requirement. Date : May 17 Source: Times of India
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REpower Systems bags orders for 580-MW wind powerWind turbine maker Suzlon today said its subsidiary REpower Systems has bagged orders for 580 MW capacity in the past three months from various countries. "Suzlon Group-subsidiary, REpower Systems SE, today announced cumulative orders of approximately 580 MW over a three month period," the company said in a statement. These orders cover various orders secured between February 15, 2013 and May 15, 2013 across Belgium, Canada, France, Germany, India, Poland and Sweden, the statement said. Date : May 17 Source: Indian Express
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MNRE unveils draft offshore wind policyThe ministry of new and renewable energy (MNRE) has come out with draft policy for offshore wind energy sector in the country. There is potential to develop 1,000 mw of offshore wind capacity along Tamil Nadu’s south coast, while other states such as Gujarat, Kerala, Karnataka and Goa also have prospects for offshore projects. But significant challenges lie ahead in making offshore wind possible. Date : May 17 Source: mydigitalfc
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Welspun Energy ties up loan for Jaisalmer wind power projectWelspun Energy today said it has been sanctioned Rs 120 crore loan for its 20 MW wind power project at Jaisalmer in Rajasthan. "Welspun Energy has achieved financial closure of its 20 MW wind power project at Jaisalmer," the company said in a statement. "The company has received a sanction exceeding Rs 120 crore as against a debt requirement of Rs 88 crore," it said. The entire project cost has been funded on a 75:25 debt- equity ratio. Date : May 17 Source: Indian Express
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Cement-makers want green status for power generated through waste-heat recoveryCo-generation of power through waste-heat recovery process in cement plants should be given renewable energy status, according to N. A. Vishwanathan, Secretary-General, Cement Manufacturers Association (CMA). The two-day conference has about 80 presentations from industry experts. Speaking at inaugural session of Green Cementech 2013 here on Thursday, he said Indian cements plants were trendsetters in energy conservation measures. Date : May 17 Source: Hindu Business Line
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Renewable energy firms explore listing in SingaporeSeveral Indian renewable energy firms are exploring the option of listing on the Singapore stock exchange (SGX) as they look for better valuations and also seek to benefit from the concept of “business trusts”. The companies include IL&FS Wind Power Trust, Mytrah Energy Ltd, ReNew Power, the Greenko Group and IDFC Ltd’s Green Infra Ltd. Date : May 16 Source: Livemint
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UT Admn calls upon industry to make Chandigarh ‘model solar city’The UT Adviser KK Sharma, called on the industry to come forward and join hands with the Administration to make Chandigarh a model solar city, by creating innovative, economical and safe solar systems. Date : May 16 Source: Indian Express
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Scindia in Germany to finalise pact for Green Energy CorridorsPower Minister Jyotiraditya Scindia is in Germany to discuss early finalisation of an agreement with the European nation which will provide support for setting up Green Energy Corridors for transmission of power. The aim is to supply 30,000 MW of clean power (wind and solar) to the national grid by 2020. Under the agreement, Germany has committed to provide an assistance of Euro 1 billion to India. Date : May 16 Source: Business Standard
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Tata Power May Sell Shares in Clean-Energy Unit Next YearTata Power Co. (TPWR), the utility business of India’s largest business group, is considering an initial public offering of its clean-energy unit next financial year. The utility plans to increase wind and solar power capacity at Tata Power Renewable Energy Ltd. almost fivefold in the year to March 31 as the cost of renewable energy converges with fossil fuel-based grid power in India, Rahul Shah, chief of business development and renewables, said in an interview in Mumbai. Inducting an investor is also an option, he said. Enlarge image Date : May 16 Source: Bloomberg
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40% of water wasted daily in HyderabadAt least 40% of Hyderabad's precious water is wasted everyday and unless the age-old pipelines carrying water to the city homes are replaced immediately the shortage of water could spiral out of control, top water board officials said. Unbelievable as it may sound, upto 3 million gallons of water from Osmansagar reservoir gets poured out every day due to leakages in the old lines, installed way back in 1935. Date : May 16 Source: Times of India
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