Suzlon Energy has received an order from Gail [India] to supply 11 wind turbines with a total 23 mega watt capacity to enhance the gas utility's captive power requirements. This is the fourth order that Suzlon has received from Gail and the turbines will be commissioned in the states of Tamil Nadu and Karnataka by the end of the current financial year [2011-12], the company said. Following this order, Gail's total wind power capacity...
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November 22, 2011
150 MW solar power plant to be set up at Dhule soon…
A 150 MW solar power plant will be set up in Dhule with financial assistance of Euro 250 million from KFW, a German investment bank. The project is claimed to be one of the biggest in the country. Speaking to TOI on conditions of anonymity, a senior director from Maharashtra State Power Generation Company Ltd said, "This would be one of the first solar power generation plants for which finance is coming from abroad. The...
Sunborne Energy mulls Rs 6 billion solar thermal plant in South India…
Sunborne Energy, a Haryana-based solar power producer backed by General Catalyst Partners and Khosla Ventures, is contemplating setti ng up a 50-Mw solar thermal power project in Andhra Pradesh for an investment in the range of Rs 500 crore and Rs 600 crore (including land cost). The company has already acquired 200 acres in Andhra Pradesh and is now trying to work it out with the state government to set up the plant....
Green Infra commissions 10-MW solar plant in Gujarat…
Green Infra Ltd, a renewable energy-focused power generation company, has commissioned its first 10-megawatt (MW) solar photovoltaic (PV) power plant in village Mervadar in Rajkot district of Gujarat. The company invested Rs 130 crore in the facility and has commissioned it ahead of its schedule, according to a release. This is the first solar plant to be commissioned under the second phase of Gujarat's solar policy, Mr...
PFS sanctions Rs 7.16 bn to 4 power projects…
PFS has sanctioned financial assistance aggregating to RS 7.16 billion to 4 power projects in the current quarter taking the aggregate amount of loan sanctions to Rs 22.55 billion till date in FY12. This exceeds the aggregate amount sanctioned during the entire FY11 which was Rs 16.58 billion. Similar growth momentum has also been maintained in different key parameters of the company. The gross revenue rec orded in H1...
PTC India Financial Services eyes Rs 500 million from stake sale in energy exchange…
Infrastructure lender PTC India Financial Services (PFS) expects to garner as much as Rs 50 crore from sale of over 16% stake in the country's largest power bourse, Indian Energy Exchange (IEX). PFS, which currently holds 21.12% stake in the power exchange, would probably divest more than 16% to one or more overseas players, sources said. On a conservative basis, the divestment of over 16% stake is expected to mop up about...
Neyveli Lignite set to light 250 MW unit…
Integrated mining-cum-power generation company Neyveli Lignite Corporation (NLC) is planning to light up one of the two 250 MW Circulating Fluidised Bed Combustion (CFBC) boilers Friday, said a senior official. "We are planning to light one of the boilers Nov 25. We hope to generate 150 MW initially and gradually increase that to the full capacity," an official told media preferring anonymity. According to officials, the...
NTPC floats tender for importing 4 million tonnes of coal - Move to bridge shortfall in domestic supplies…
NTPC Ltd has floated a tender on Monday for importing 4 million tonnes of coal to bridge the shortfall of the fuel from domestic sources. The country's biggest power producer has decided to import the coal directly, rather than depend on designated trading agencies, to cut down on delays. Coming at a time when the rupee has weakened sharply against the dollar, higher coal imports by NTPC could spell bad news for consumers...
Power reform programme to be implemented soon…
The Restructured Accelerated Power Development and Reform Programme (R-APDRP) of UT electricity department will soon be implemented as the Joint Electricity Regulatory Commission ( JERC) has accorded its approval to the department for availing the funds from the central government through the Power Finance Corporation (PFC). These funds will be used towards the implementation of Part-A of R-APDRP scheme for creation of...
Government goes 'soft' on National Hydroelectric Power Corporation…
Even as the deadline to National Hydroelectric Power Corporation (NHPC) for completing formalities to continue operations for power generation in the state has expired, Jammu and Kashmir go vernment is yet to take any action under law to proceed on the matter. Under State Water Resources Act, the action by the government could range from penalizing the Corporation to even stopping water supply to its projects. Officials...
Power cuts irk industrialists in Punjab…
Despite a marked dip in temperature, industrial sector of the city continues to suffer from long power cuts. The Punjab State Power Corporation Limited (PSPCL) has imposed one da y weekly off on general industry and two day weekly off on arc and induction furnace. According to sources in the industry, the power board is suffering from shortage of funds due to which they are forced to impose hours of power cuts. PSPCL authorities...
Uncertainties over availability of fuel, land and water leave projects out of power…
India is heading for a huge power deficit in three years as developers have slowed execution of projects worth about Rs 1,50,000 crore due to uncertainty over availability of fuel, land and water, industry and government officials said. Many of these projects are unable to progress because of regulatory and fuel-supply obstacles, while in other cases the developers have consciously slowed down project implementation because...
J&K to raise funds from the markets for buying Salal and Uri power projects from NHPC: Chief Minister…
The Jammu and Kashmir Chief Minister, Mr Omar Abdullah, on Monday said the State would raise funds from the markets for buying Salal and Uri power projects from NHPC. "It is an ongoing process... we will raise funds from the market for paying NHPC the depreciated price of these projects," Mr Abdullah said on the sidelines of a function. The State Government had expressed its intention of taking back the two...
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