Implementation of solar projects likely to gather pace, says MNRE Secretary...

  The Union Ministry of New and Renewable Energy expects the pace of implementation of solar energy projects in the country to gather pace as more States encourage their implementation and chip in with subsidies. “While encouraging establishment of solar energy units providing subsidies may be good in the initial years, this may...

Read More...

INDIA’S GUJARAT TO APPEAL REJECTION OF SOLAR-TARIFF CUT...

  Gujarat, India’s biggest solar power-producing state, plans to file an appeal with regulators on their decision to reject a tariff cut for photovoltaic plants. The Gujarat Electricity Regulatory Commission will hear the appeal on Nov. 11, said Hemant Sahai, a lawyer representing solar developers that are fighting the state’s attempts...

Read More...

Work in DVC's Raghunathpur project to resume soon: Partha Chatterjee...

  West Bengal industry minister Partha Chatterjee said, the state government expected work in DVC's Rs 10,000 crore second phase of Raghunathpur thermal power plant in Purulia to resume in a day or two. "We had a meeting with the DVC chairman R N Sen and local residents and discussed the contentious issues. We think construction...

Read More...

Panel recommends green clearance to Sasan Power's coal block...

  A high-level panel has recommended environment clearance to Chhatrasal coal mine in Madhya Pradesh alloted to Sasan Power Ltd, but with some conditions. The Expert Appraisal Committee (EAC) of the Environment Ministry after deliberations recommended the project for environment clearance, but with certain conditions, according...

Read More...

Worst might be behind for power sector: Feedback Infra

  Most analysts believe that the power sector is showing signs of revival. Vinayak Chatterjee, Chairman, Feedback Infra says there are three major reasons behind it. One, there is revival in new power plants' business, which means orders for constructions and capital goods. Two, all leading discoms have increased tariffs and even...

Read More...

Solar Energy Corporation of India seeks license for power trading from CERC...

  Sensing huge potential in Solar power production, the Solar Energy Corporation of India Limited (SECI) has applied for license for power trading with Central Electricity Regulatory Commission. SECI managing director Rajendra Nimje said the PSU is authorised to sell power that will be produced under the proposed 750MW solar power...

Read More...

Ashapani micro hydel project commissioned in Arunachal Pradesh...

  The 2x30 kilo watt Ashapani micro hydel project has been commissioned in Chaglagam circle under remote Anjaw district of Arunachal Pradesh bordering China. With the commissioning of the project recently, the long-awaited demand of the circle for total electrification of the remotest circle and its adjoining villages has been fulfilled,...

Read More...

Introduction to Renewable Energy Certificate (REC) Mechanism...

  What is Renewable Energy Certificate (REC) Mechanism? Renewable Energy Certificate (REC) mechanism is a market based instrument to promote renewable energy and facilitate compliance for renewable purchase obligations (RPO) under inter-state transaction of RE generation. REC mechanism is aimed at addressing the mismatch between...

Read More...

Coal block rejection a blessing in disguise for Adani Power...

  Gautam Adani, promoter of Adani Power Ltd, has a reason to relax, even as the power arm of his group of companies continues to make losses for an eighth straight quarter. While a host of coal and power companies have come under fire from the Central Bureau of Investigation (CBI) for alleged involvement in the coal mine allocation...

Read More...

Arguments heating up in Adani, Tata compensatory tariff cases...

  Two months after the Deepak Parekh panel gave its report on the contentious issue of compensatory tariffs for Adani and Tata-owned power projects in Gujarat, an early resolution to the dispute with procurers remains elusive. The outcome of the high-profile cases will be seen as a benchmark for contract renegotiation in future infrastructure...

Read More...

CCEA likely to take up Power Grid FPO tomorrow...

  The Cabinet Committee on Economic Affairs may today take up the Power Ministry's proposal for a follow-on public offer of state-run Power Grid Corporation, which is expected to mop up over Rs 7,500 crore. According to sources, the proposal is likely to be considered during the CCEA meeting tomorrow. The follow-on public offering...

Read More...

Bhutan asks India to expedite development of more hydro power projects...

  Terming India as a 'partner', Bhutan today said it should expedite the development of a few more hydro projects in the next couple of years and invited Indian companies to explore the possibility of investments. "What we are looking for in the next two to three years is to expedite the development of a few more hydro projects....

Read More...

Sivasankaran's wind power firm WinWind hits IDBI with Rs 300-cr bad debt...

  With WinWind, a Finland-based wind power company owned by Chennai-based billionaire C Sivasankaran, filing for bankruptcy, its lender IDBI Bank is staring at a loss of Rs 300 crore. The company has filed for bankruptcy in Finland, after failing to repay ^300 million (Rs 2,500 crore) of debt to its lenders. The bankruptcy follows...

Read More...