TD Power IPO over subscribed 2.92 times…

The initial public offer (IPO) of TD Power Systems was over subscribed 2.92 times on the last day of the issue on Friday. The company's IPO received bids worth 2.2 crore equity shares till 1700 hrs, as against 75.62 lakh shares on offer, as per the data available with the National Stock Exchange. The company has fixed an IPO...

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Indian Renewable Energy Certificate (REC) prices to be cut by 15-30%…

According to reports, the Central Electricity Regulatory Commission has suggested a 15 to 30 per cent cut in prices for renewable energy certificates (RECs) effective April 2012 for five years. This move is intended to make REC trading attractive. The CERC has reduced the forbearance price for non-solar REC to Rs 3.3 a unit (Rs 3,300/...

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Update on Wind Power in India…

A wind power capacity of 565 MW has been installed in the country in the current year (upto July, 2011) with private sector investment of around Rs. 3,400 crore. Spark learnt that the Minister of New and Renewable Energy has informed that the Government is promoting wind power projects through private sector investment by providing...

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FDI worth over Rs. 4000 crore in renewable energy sector…

India has received Rs 4,900 crore in the last three years as Foreign Direct Investment (FDI) in the renewable energy sector, Lok Sabha was informed on Friday. Spark found that New and Renewable Energy Minister Farooq Abdullah said in written reply to a Lok Sabha query that: “ Approximately Rs 4,900 crore has been received as FDI equity...

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UMPP Coal usage rules may be revised…

The government may amend the rules governing bids for ultra mega power projects (UMPPs), where the usage of excess coal from captive mines meant for these large-sized plants may have to be clearly specified upfront. This is being done to usher in transparency and, hence, avoid any potential controversy. The move to amend the standard...

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CIL to replace R-Cap on Nifty…

State-run Coal India (CIL) will replace Anil Ambani Group firm Reliance Capital in the National Stock Exchange’s Nifty index from October 10. Earlier this month, CIL had replaced another Anil Ambani Group firm Reliance Infrastructure from BSE’s blue chip index Sensex. Shares of CIL have been doing well since the company was listed in November...

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Germany’s SMA Solar eyes 1.4GW of business from India…

Germany’s SMA Solar, the world’s largest maker of solar inverters, expects that in 2014 its Indian unit will win about 40 per cent of a market it forecasts will reach 3,500 megawatts, an official of the domestic unit said. “We are going with the pace of the Indian industry … but our objective is to be in leadership position in India as...

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India targets over 50,000 Mw of Nuclear Power by 2030…

India plans to import light water reactors from Russia, US and France to boost its nuclear energy generating capacity to 50,000-60,000 Mw by 2030, said former Atomic Energy Commission (AEC) chairman M R Srinivasan. Delivering the first Homi Sethna Memorial Lecture on ‘Future of Nuclear Power after Fukushima’, the nuclear scientist said ...

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Suzlon arm REpower gets 50 MW wind turbine order in Canada…

According to reports, Suzlon Energy‘s German unit REpower Systems has won a contract from WindWorks Power Corp to deliver 25 wind turbines for five projects in Ontario, Canada. The wind farms will generate total output of over 50 mega watt, as per the Suzlon’s statement on Thursday. The turbines are scheduled to be delivered in the...

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Guidelines for bidding of 350 MW Solar PV projects under Indian Solar Mission released…

 The guidelines for bidding of 350 MW of Solar PV projects under National Solar Mission in India has been released. Some of the key highlights of the guidelines for developers: Capacity The capacity announced tentatively is up to 350 MW and the capacity available will be disclosed at the time of short-listing. ...

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Monthly Report on Indian Power Sector – July 2011

Spark has uploaded the Monthly update of July 2011 on Indian Power Sector by CEA for the Power Professionals. The report is embedded below. Currently it is not in downloadable format. To download the same kindly contact Spark. Monthly report on Indian Power Sector by CEA(function() { var scribd = document.createElement("script"); scribd.type = "text/javascript"; scribd.async = true; scribd.src = "http://www.scribd.com/javascripts/embed_code/inject.js";...

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GVK Power to buy Australian Coal Mines for $2.2 billion…

GVK Power & Infrastructure has reached a deal to buy two coal mines in Australia, taking a heavy bet which has the potential to put an enormous strain on its finances. Spark heard on the street that the GVK Power & Infrastructure,  Hyderabad based company is planning to buy coal mines of Australia based firm Hancock...

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