Equity capital of IREDA likely to quadruple…

According to reports, the union ministry of new and renewable energy is lobbying the finance ministry to almost quadruple the paid up equity capital of the Indian Renewable Energy Development Agency (IREDA) to enable the latter to catalyse and fund the development of renewable energy projects in India. “We are petitioning the ministry...

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Suzlon to develop 3,000 MW of wind energy in Andra Pradesh…

According to reports, India’s largest wind turbine manufacturer Suzlon Energy will develop 3,000 MW in Andra Pradesh by 2016 with a potential investment of Rs.18,000 crore. The company signed a memorandum of understanding (MoU) with the state government during last week’s Partnership Summit 2012 in Hyderabad. Andra Pradesh is one of the...

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Delhi Metro- first rail network in the world to have two projects registered with UNFCCC…

According to reports, the Delhi Metro is the first rail network in the world to have two projects registered with the UN Framework Convention on Climate Change. Not only has it succeeded in preventing release of almost one lakh tonnes of carbon dioxide into the atmosphere but is also earning carbon emission reductions (CERS) under the carbon...

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Solaris commissions 1 MW solar PV plant in Andhra Pradesh…

US-based Abound Solar, a top manufacturer of thin-film photovoltaic modules, and Solar Integration Systems India Pvt Ltd (Solarsis) today announced the commissioning of a 1 MW solar photovoltaic plant at Kadiri in Andhra Pradesh. The commissioning officially took place on January 14 and comes less than a year after the two companies announced...

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Interview of CMD, CIL Nirmal Chandra Jha…

Interview with CMD, Coal India Ltd. by BS.  Coal India Ltd, the world’s largest producer and India’s state-owned miner, is going through a difficult period following an unprecedented decline in output. Chairman Nirmal Chandra Jha defends the company’s recent performance in an interview with Sudheer Pal Singh. Edited excerpts: Have...

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GVK Power & Infrastructure: Investors advised to exit stock…

Capex commitments in the current high interest rate environment are likely to increase the interest burden of GVK Power &Infrastructure(GVK). Availability of gas for its power plants would be an added concern in the near term. BUSINESS GVK Power and Infrastructure (GVK) is a holding company that has assets across various sectors...

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Power play: DVC bends for RInfra…

The Damodar Valley Corporation (DVC) has come under further cloud regarding the commissioning of six power plants to supply power to Delhi during the 2010 Commonwealth Games (CWG). According to Sources such as DNA, Spark  found that DVC violated rules to award the Anil Ambani-owned Reliance Infra Limited an Engineering Procurement...

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Top Power executives to meet PM Singh over power issues…

Top executives from India's major power companies will meet Prime Minister Manmohan Singh on Wednesday to push for swifter action to improve access to coal and make it easier to get funding, acquire land and get environmental clearances. Lack of progress on such issues has held up projects and threatens India's economic growth. Tata group...

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Power Trading Update – 15th January 2012

Power Trading snapshots of two major exchanges  IEX (Indian Energy Exchange) and PXI (Power Exchange of India) for 15th January 2012.       Market Snapshot on IEX Category Purchase Bid (MWh) Sell Bid (MWh) Unconstrained MCV(MWh) Constrained ...

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