Indian Power Sphere: 12/11/13

December 11, 2013

India in the lowest quartile for energy security: WEF report

A report comparing the energy architecture of 124 countries has ranked India 98th in terms of providing energy security and access to its citizens. Low electrification rates and high import dependence put India in the lowest quartile globally, the report released on Wednesday said. The Planning Commission said in its 12th...

Lanco Infratech has got the Lender's approval for the CDR for the Rs. 4,400 Crores debt...

Power generator Lanco Infratech got a Rs 7,700 crore breather from its bankers as they approved a proposal to restructure its debt, today. The corporate debt restructuring (CDR) will allow the company a two-year interest holiday. The lenders will restructure debt of Rs 4,400 crore and non-fund based exposure like bank guarantees...

Government finalized a master plan to develop 36 cities as solar cities...

The government today said it has finalised the master plan to develop 36 cities as solar or green cities. The Ministry of New and Renewable Energy has been implementing a programme on "Development of Solar Cities" under which a total of 60 cities and towns are proposed to be supported for development as "Solar or green cities"....

Government exempts UMPPs from compensatory afforestation clause...

The government has granted exemption to ultra mega power projects from a key provision of the Forests Act 1980 that requires developers to identify non-forest land for compensatory afforestation. The decision will benefit companies like Reliance Power that is implementing 3 ultra mega power projects and developers of future such...

International competitive bidding for Mangdechhu Hydro Project at Bhutan...

It has been decided to follow international competitive bidding (ICB) process for Electro-Mechanical Works: Package EM-3 (400kV Gas Insulated Switchgear) and EM-4 (400kV Cross Link Polyethylene (XLPE) cables for Mangdechhu hydro power project coming up in Bhutan. It may be noted that there are no Indian manufacturers of 400kV...

Nuclear Power Corporation to set up 1,400 MW plant at Gorakhpur...

Nuclear Power Corporation of India Limited (NPCIL) is planning to set up 2X700 MW nuclear power project at Gorakhpur site in Fatchabad district of Haryana. NPCIL has already sought the approval of Cabinet Committee on Security (CCS) for the purpose. NPCIL is currently setting up four reactors of 700 MW at Kakrapar, Gujarat and...

Crompton Greaves To Exit Canada Power Plant...

Crompton Greaves is planning to make an exit its Canadian power transformer plant, to cut losses in its foreign business. The transformer factory in Canada contributes about 3% to the company’s total sales but made a loss of $10 Mn in FY13. Earlier this year, it restructured its Belgian plant. The Canadian facility is running...

Updates on various developments under National Solar Mission Phase I...

Updates on the various developments under Phase I of the National Solar Mission were submitted by the Minister of New and Renewable Energy Dr. Farooq Abdullah in a written reply in the Lok Sabha. The schemes implemented by Government of India for promoting the use of solar energy in the first phase of Jawaharlal...

Royal DSM to fulfill 50% of its energy needs from Wind Projects...

Royal DSM, the global Life Sciences and Materials Sciences company, continues to deliver on its commitment to reduce the carbon footprint of its operations. Following a dramatic reduction in water consumption at its engineering plastics site in Pune, India, announced earlier this year, the site will now meet 25% of its energy...

Climate Responsive Technology Design to be implemented by MNRE...

The Ministry of New and Renewable Energy is implementing a programme on ‘Energy Efficient Solar/Green Buildings’ which promotes the energy efficient solar/ green building designs with renewable energy applications including Green Rating for Integrated Habitat Assessment (GRIHA) system. Under the programme, the Ministry promotes...

Coal India Ltd to invest Rs. 7.6k Crore to develop Kusmunda mine...

State-owned Coal India Ltd (CIL) will invest Rs 7,600 crore to develop Kusmunda mine to a production capacity of about 50 million tonne per annum — the largest in the country. At present, India's largest mine has a total production capacity of 35 mt. If achieved, CIL officials said this South Eastern Coalfields Ltd (SECL) mine...

Government sanctions 14 projects under RGGVY in J&K...

In the state of Jammu & Kashmir 14 projects (3 projects in 10th Plan and 11 projects in 11th Plan) have been sanctioned under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), said Jyotiraditya Scindia, minister of state (independent charge) for power. These cover electrification of 234 UE villages, intensive electrification...

Suzlon arm REPower wins 266-MW orders for community windfarms in Germany...

REpower Systems SE, a wholly-owned subsidiary of wind turbine maker Suzlon Group, has signed contracts to deliver 103 wind turbines with a total capacity of over 266 Mw for 24 community windfarm projects in the Schleswig-Holstein region of Germany. In a press release on Wednesday, REpower said it signed a primary memorandum with...

Hydel power plants near Kukke may hit environment: IISc Senior Scientific Officer

Though the government is promoting micro hydel power plants near Kukke Subrahmanya with subsidies for those that are above 25 mega watts and waiving the requirement of environmental clearance, they are against environmental protection laws, said T. V. Ramachandra, Senior Scientific Officer, Indian Institute of Science (IISc), Bangalore....

Government proposes to tap the National Clean Energy Fund (NCEF)...

Government proposes to tap the National Clean Energy Fund (NCEF) proceeds to subsidise the capacity addition envisaged in the 2nd phase of the National Solar Mission (NSM). The Government has approved implementation of a ‘’Scheme for Setting up of Grid-connected Solar PV Power Projects of 750 MW aggregate capacity on Build-Own-Operate...

GVK gets Australian Govt nod to develop Abbot Point Port for sea transportation of coal...

GVK Power and Infrastructure, on Tuesday, announced that it had received the Australian federal government’s approval for the GVK Hancock project’s Abbot Point Port Capital Dredging programme. The move, according to GVK, finalises the Ministerial environmental approvals for its Galilee Basin coal assets and associated infrastructure....

IDFC Alternatives planning to buy the wind power assets of Orient Green Power...

IDFC Alternatives is discussing a large stake buy, possibly a controlling interest, in select wind power assets owned by Orient Green Power Company, a listed firm of the southern conglomerate Shriram Group. The transaction could be valued up to Rs 300 crore, said banking sources directly familiar with the matter. The deal may involve...

Subscribe to: Posts (Atom)