Indian Power Sphere: 12/04/13

December 4, 2013

Smart grid investment, aimed at Renewable energy integration, to hit $274.9b in emerging nations...

Smart grid infrastructure investment by 45 emerging nations – including India and China – over the next decade will reach $ 274.9 billion, outpacing developed countries, according to a new study. This investment will be aimed at reducing electricity theft, improving reliability and incorporating renewable energy into electricity...

Power Grid’s share sale fully covered...

A $1.1 billion (about Rs.6,2853 crore) share sale in state-run Power Grid Corp. of India Ltd was fully covered on Wednesday, the second day of the offering, provisional data from the stock exchanges showed. By 3.24pm, the share sale had received bids for 788.5 million shares, most of them from local funds and foreign institutional...

CERC order on tariff relief for Tata's Mundra UMPP by month-end...

Tata Power Wednesday said the Central Electricity Regulatory Commission's (CERC) order of compensatory tariff for its Mundra (Gujarat) project is likely to come by December-end. "I am hoping that by end of December we could hope for the order," Tata Power Managing Director Anil Sardana told a television news channel here. "CERC...

DERC issues proposal for net metering for the rooftop solar PV PRojects...

The Delhi Electricity Regulatory Commission has prepared a proposal on net metering & connectivity in respect of rooftop solar PV projects in exercise of powers conferred under section 86 (1) (e) of the Electricity Act, 2003. In this line, the Commission has invited suggestions/comments from various shareholders. As per...

Power Surplus Gujarat to sell 2,100 MW power to the southern statues by Jan '14...

The state-owned electric transmission company — Power Grid Corporation of India (PGCI) — is all set to connect western power grid and southern power grid by the end of January 2014. A transmission line, connecting Raichur in Karnataka and Solapur in Maharashtra, will allow power-surplus states like Gujarat to sell power to...

MNRE to promote integration of solar thermal technology with Biomass Power Generation; invites proposals for consultancy...

The Ministry of New and Renewable Energy, Government of India, is implementing a MNRE - UNDP / GEF assisted Project on “Removal of Barriers to Biomass Power Generation in India.” The aim of the Project is to accelerate the adoption of environmentally sustainable biomass power technologies by removing the barriers identified, thereby...

GUVNL, Gujarat Discoms want to avail RECs For Solar Power Purchased by them from the Gujarat Solar Park Developers...

The Gujarat Discoms have filed an petition with CERC to grant Renewable Energy Certificates for the amount of solar power purchased by them from the Gujarat Solar Park Developers in excess of the Renewable Purchase Obligations; however the CERC has disposed off the petition stating that petition requires the amendment of the REC Regulations...

Su-Kam Power To Form JV With Trojan Battery for Solar Power Applications...

Su-Kam Power Systems is planning to partner US based Trojan Battery powery to strengthen its battery portfolio for solar and inverter applications in India. Initiating the alliance, the company has launched a co-branded INV-150 deep-cycle battery in India which powers both commercial and residential inverter applications. The battery...

India to start flow of 500 MW power to Bangladesh today...

India's electricity diplomacy efforts with Bangladesh is slated to break new ground, with 500 MW of power flows slated to commence between the two countries from Wednesday. Of this, while 250 MW is to come from NTPC Ltd, the rest is being arranged by power trader PTC India Ltd, mainly from the West Bengal State Electricity Distribution...

GMR puts Emco Energy, having 600 MW Plant, up for sale to reduce debt...

Infrastructure conglomerate GMR has decided to sell Emco Energy Ltd, which has a 600 mw power plant in Maharashtra, part of an exercise to reduce debt. GMR has mandated global investment bank JPMorgan to help sell the recently commissioned unit, several people with direct involvement in the discussions said. They add that early...

Pimpri Chinchwad Municipal Corporation proposes to set up 10 biogas plants...

The Pimpri Chinchwad Municipal Corporation has proposed to set-up 10 biogas plants to generate power from wet garbage on pilot basis. The power generated will be used for street lights. Sanjay Kulkarni, executive engineer, environment department, PCMC, said that each bio-gas plant will have a capacity to utilise 5 tonnes of wet...

UP Cabinet clears over 2100 Mw purchase from private players...

Unfazed by opposition's criticism of power purchase at higher rates, UP cabinet on Tuesday, gave its nod to buying over 2100 Mw of power from three companies for 25 years at a rate ranging between Rs 5.58 per unit and Rs 5.84 per unit. The cabinet also gave a year's extension to work contract of a Spanish transmission company,...

Solar Financing in India: Challenges to Reducing the Cost of Capital...

Original posted on Switch Board (Natural Resources Defense Council Staff Blog) The renewed sense of optimism within India’s solar market sparked by the announcement of the Phase II guidelines of the National Solar Mission (NSM) last month was palpable at the recent Intersolar conference in Mumbai as companies announced plans for...

NTPC's tax-free bond issue oversubscribed 3.3 times...

State-run power major, NTPC on Tuesday received an overwhelming response for its bond issue by garnering Rs 3,310 crore, much ahead of its scheduled closing. "The issue was oversubscribed by 3.3 times. As against Rs 1,000 crore, NTPC has already collected about Rs 3,310 crore, Rs 2,310 crore above the base size," the company...

CERC to review regulation on wind power Forecasting...

Following opposition from various wind power producers lobbies, Central Electricity Regulatory Commission (CERC), the apex electricity regulator, would review its regulation on day-ahead forecast by wind power producers. The CERC order has been challenged in three high courts of the country by three different organizations. ...

German ambassador inaugurates solar plant in Baramulla village...

As a mark of his country's growing interest in the state, with special focus on development issues, the German ambassador to India Michael Steiner arrived here on Tuesday on his ninth visit this year. The ambassador travelled to a remote village in Baramulla district to inaugurate a mini-solar plant and a television system donated...

Idea Cellular bags $1 million US grant for green telecom project using solar power...

India's third largest telecom operator Idea Cellular has received a grant of over $1 million from the US Trade & Development Agency (USTDA) to fund a pilot project involving deployment of Solar Hybrid Methanol-Based Fuel Cell (SHMBFC) at telecom sites in India, the company said. An agreement to this effect was signed between...

$175-bln Canadian pension fund Caisse De Depot eyeing infra assets including RE Projects in India...

Quebec-based Caisse De Depot, one of a world’s largest grant account managers with over $175 billion in assets, has put India on a priority list for infrastructure investments including Renewable Energy Projects, preferring a nation over China for long-term core zone bets. Last Friday, Caisse De Depot et Placement du Quebec announced...

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