According to reports, the Central Electricity Regulatory Commission (CERC) has set up a renewable energy fund (REF) to promote projects in India. This fund is aimed at compensating states if they fail to meet the target given under their schedule of renewable energy (RE) projects. All RE projects are required to provide a schedule of generation to CERC from 2012. Officials explained REF would bear charges imposed on states hosting...
November 27, 2011
SunEdison puts seven India projects on the block…
According to reports, SunEdison, a solar power developer and a subsidiary of the US poly-silicon major MEMC, is looking to sell 49 per cent stake – the most allowed under the power purchase agreements – in seven of its solar projects in India. (Each project is under a company and SunEdison wants to sell 49 per cent in each.) Sources close to the development say that a US-based company is in talks with SunEdison for this. Sources...
Suzlon eyes $1-billion worth of new orders every quarter…
Wind power major Suzlon Energy, which recently took complete control of its German subsidiary REpower, has said it will focus on value engineering to remain competitive and has set a target of bagging USD 1 billion worth of new orders every quarter for the next few years. "We are working on value engineering by introducing new products...
KEC International sees 20% uptick in revenue…
Buoyed by the growth prospectus in the power sector in domestic as well as international markets, infrastructure EPC major KEC International said it is eyeing 20 per cent annual growth in revenue this year. "Currently, the power sector is witnessing a slowdown in the domestic market, but there is huge demand in the international market....
PSBs have Rs 2.97 lakh cr loan exposure to power sector…
Public sector banks have extended loans worth over Rs 2.97 lakh crore to the power sector at the end of September quarter, with maximum credit doled out by State Bank of India. Official figures show that 26 state-run banks have a total exposure of Rs 2,97,762.53 crore to the power sector, which is currently grappling with acute fuel shortages...
Coal min opposes proposal for sale of coal by block holders…
The Commission, in a letter to the Ministry last week, had suggested that incentives could be provided to block holders for the development and production from the mines by allowing them to sell coal. "The value of the mineral held by the captive coal holders is very high in terms of today's prices and block holders will be unduly benefited...
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