Update on REC Trading for the month of November 2013: Non-Solar RECs Up by 105%, Solar RECs down by 20%...

The 9th REC Trading Session of the Financial Year 2013-14 was conducted on 27th November 2013 on both the Power Exchanges, IEX and PXI. In this session, substantial growth in demand for Non-Solar RECs was observed; the increase in Buy bids has re-infused the faith in the future of REC markets. However, the Solar REC market has not...

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Techno Electric to set up Rs 200 cr transmission grid in Punjab...

  BSE-listed Techno Electric & Engineering, a leading EPC contractor and independent power producer (IPP), will build a transmission network at Patran, Punjan on build, own, operate and maintain (BOOM) basis. The Rs 200 crore transmission network will be developed through Patran Transmission Company, a special purpose vehicle...

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FOR bats for wide consultations before separation of content and carriage in power distribution...

  Power Ministry's for separation of "carriage and content" in distribution has received support from the Forum of Regulators (FOR) which is a representative body of central state electricity regulators. Ministry's move to amend the Electricity Act, 2003 is aimed at the introduction of competition in retail electricity supply. The...

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NTPC faces land acquisition hurdle for Darlipali Thermal Power Plant...

  NTPC is facing problems in acquiring land required for its 2X800 MW Darlipali supercritical thermal power project in Odisha. Interestingly, the project has secured the stage-I Forest clearance. NTPC so far has received certificate for only 1205 acres out of 1274 acres of private land. Out of 338.97 acres of Government land, payment...

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Tata Power announces 61% increase in power generation...

  Tata Power on Wednesday announced generating 22,738 MUs of power collectively from all its power plants in first half of the financial year 2013-14 as compared to 14,029 MUs in the same period of the previous year. This marks a 61% increase in generation, with the total power generation capacity of Tata Power standing at 8521...

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India, Belgium agree to enhance cooperation in renewable energy...

  India and Belgium have agreed to work on signing an MOU to enhance cooperation in renewable energy. This was discussed at a bilateral meeting between Farooq Abdullah, Minister for new and renewable energy, Government of India and Her Royal Highness Princess Astrid of Belgium. Abdullah briefed the visiting delegation on the energy...

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UP Government to provide subsidy of Rs. 30,000 to install solar power panels...

  In order to provide solar power-run equipment to the beneficiaries of Ram Manohar Lohia Gramin Awas Yojna, the UP state authorities have decided to provide Rs 30,000 each to beneficiary to install solar power panels. Over 1.14 lakh beneficiaries would be benefited by the scheme. The rural development department had consulted the...

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Thermal power plants back on track...

  The state might get a little reprieve from prolonged hours of power cut with thermal power plants, whi­ch were under repair, starting generation one after another. One 500 MW unit of the Vallur thermal power station, a joint venture bet­ween National Thermal Power Corporation (NTPC) and Tamil Nadu Gener­ation and Distribution Cor­p­oration,...

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Solar unit set up at Andhra CM's camp office...

  The Andhra Pradesh chief minister’s camp office at Begumpet here will partially run on solar power hereafter and save 50 per cent power. The incumbent, N Kiran Kumar Reddy, inaugurated the Solar Photovoltaic System installed over the roof of the building on Tuesday. The total power load of the camp office was 60 KW, excluding...

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C-WET approves China Ming Yang's 1.5 MW and Garuda's 0.7 MW Wind Turbines for installations in India...

  China Ming Yang Wind Power Group Ltd, which is in partnership with Anil Ambani-led Reliance Group, has got its wind turbine cleared for sales in India. The Centre for Wind Energy Technology, which vets turbine models for use in India, recently notified the clearance for Ming Yang’s machine, which has a capacity of 1.5 MW and a...

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Gujarat's DGVCL receives Best Performing Utility-State Award...

  The Dakshin Gujarat Vij Company Limited (DGVCL) has been awarded as the 'best performing utility-State' at the 7th Enertia Awards 2013-India's awards for sustainable energy and power-at a function held in New Delhi on November 22. DGVCL's managing director, HS Patel, was also was given away 'power persona of the year' award at...

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Lenders refuse to recast Websol Energy System’s Rs 350-crore loan...

  A consortium of seven lenders has refused to refer the Kolkata-based Websol Energy System to the corporate debt restructuring (CDR) cell for the recast of its loans worth Rs 350 crore, said people familiar with the matter in the banking industry. The move assumes significance in light of the repeated warnings by the government...

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Greenko commissions 15 MW Wind Farm in Karnataka...

  Greenko Group Plc, an Indian renewable-power developer backed by Singapore’s sovereign wealth fund, completed a 15-megawatt wind farm in Karnataka state. The 13 million-pound ($21 million) project will sell its output directly to a technology park near Bangalore under a 10-year contract, the Hyderabad-based developer said today...

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Loss of output from captive coal mines costs the nation Rs 1.4 lakh crore...

  What could be the financial cost to the nation of the loss of output from captive coal mines allocated to corporates over the past decade? The cost is a whopping Rs 1.46 lakh crore -- a result of delayed clearances for coal blocks and the companies’ own failure in developing the mines. The humongous loss figure has been arrived at...

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