India and Germany have discussed bilateral cooperation in the fields of renewable energy, energy efficiency, solar energy, clean coal technology and carbon capture and sequestration. Some countries are reviewing their nuclear power programmes. Reports indicate that the Governments of Germany and Switzerland plan to phase out nuclear power by 2022 and 2034 respectively. Italy has decided not to reintroduce nuclear power. The demand...
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November 25, 2011
Renewable energy ministry of India seeks 10-fold increase in fund outlay…
According to reports, the renewable energy ministry has sought a 10-fold increase in fund outlay for the next five years. The ministry estimates requirement of Rs 40,000 crore to ramp up its capacity to 30,000 mw by 2017. An outlay of Rs 4,000 crore was earmarked for development of renewable energy in the 11plan period of 2007-12. India’s present renewable energy capacity is over 20,000 mw of which wind farms alone generate 14,000...
Moser Baer emerges as 1st solar PV manufacturing company globally to be accredited with ‘Green Leaf Mark’ certification…
Moser Baer Solar (MBSL), a subsidiary of Moser Baer India has been awarded ‘Green leaf’ Mark by Intertek AB Semco, Germany for its latest Max Series ‘Lead free’ solar PV modules. Intertek’s Green Leaf Mark certifies that this product has been independently tested and found to conform to the multiple existing environmental regulations, such as RoHS laws, REACH and Eco Design. With this MBSL has been accorded the rights to display...
Karnataka Renewable Energy receives 22 bids for setting up solar projects…
Karnataka Renewable Energy Development Ltd (KREDL) has received 22 bids for setting up solar power projects under the ‘Karnataka solar policy’. Today was the last day for submitting the bids. Mr N S Prasanna Kumar, Managing Director, KREDL, said. As part of its 350 MW programme, KREDL had floated a tender inviting bids for setting up projects that total to 80 MW. The projects would be allocated under ‘reverse bidding’...
Petroleum Ministry may block domestic gas supply for merchant power plants
The Petroleum Ministry has proposed that domestically produced natural gas should not be supplied to power plants that do not sell electricity to state-run power utilities at regulated rates. “There is no proposal before the government to ban gas supply to merchant power plants,” the Oil Minister, Mr S. Jaipal Reddy, said in a written reply to a question in Lok Sabha. “However, there is a proposal in which domestic gas...
NTPC gets approval to exit International Coal Ventures consortium…
The power ministry has approved NTPC Ltd’s proposed exit from International Coal Ventures Pvt. Ltd (ICVL), in a move that could hurt India’s efforts to acquire overseas coal assets. ICVL was promoted by five state-owned firms two years ago to buy coal mines overseas. While Steel Authority of India Ltd (SAIL) and Coal India Ltd own 28% each of ICVL, NTPC, Rashtriya Ispat Nigam Ltd and NMDC Ltd own 14% each. The 14% share...
Financial Tech launches 5 new energy exchange solutions
Financial Technologies (India) Ltd (FTIL) on Thursday said it has launched five new software solutions in the power trading arena. A leader in multi-asset and multi-currency trading and settlement solutions, the company launched its PowerARMS, Tradedart, TSO Computation System, Registry and ECS (Exchange Customisation Services) offerings in the Indian market, which are capable of allowing global power exchanges to operate...
Power companies fail to lift e-auctioned coal - 50 lakh tonnes of coa l offered by CIL in October remains unused
A recent and shocking development in the Indian coal sector has brought planners and bureaucrats face-to-face with the stark policy conundrum afflicting the sector. It also brought to the fore the criticality of coal as an input for key infrastructure industries in the power, steel, sponge iron, cement and fertiliser sectors. It all began last week when cabinet secretary Ajit Kumar Seth was chairing a high-level meeting...
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