CERC's new tariff norms to hit profitability of power utilities: CRISIL

  The Central Electricity Regulatory Commission’s draft tariff guidelines for power utilities applicable for 2014-2019 have potential to reduce aggregate annual profits of CRISIL-rated utilities by Rs 1,400 crore, or nearly 7 per cent of their profits in the last fiscal. The rating agency CRISIL, however, believes that the guidelines...

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18 Independent Power Producers yet to move beyond land acquisition stage in Odisha...

  As many as 18 out of 29 Independent Power Producers (IPPs) with whom the state government has singed MoU (memorandum of understanding) are yet to move beyond the land acquisition stage. Together these IPPs envisage generation capacity of 33520 Mw of the total of 37540 Mw projected by the 29 MoU-signed IPPs. The power projects...

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Solar gas technology has great potential for India: Study

  Solar gas technology has great potential for India for securing its energy needs, a new study has found. The study, conducted by Australia's National Science Agency - Commonwealth Scientific and Industrial Research Organization (CSIRO), has found that the new technology has potential of creating job, providing improved energy...

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Analysis of Trading activities by Licensed Traders for November 2013...

  CERC has released the analysis of power trading activities performed by the licensed traders for the month of November 2013.   The abstract of the report is presented below:     Summary The reported short-term contract volume for November 2013 (analysis of four weeks) is 1585 MUs whereas the same was...

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Hindustan Zinc’s green energy projects helps it save Rs 300 crore...

  Hindustan Zinc (HZL), the largest integrated Zinc producer , has managed to save Rs 300 crore with the adoption of green technology by investing in wind energy and waste heat recovery projects. As part of this move, HZL has commissioned 273.5 MW of wind energy in two phases across five states, an initiative that has been registered...

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Gujarat's first solar rooftop project generates 1.2 million units in six months...

  Gujarat's first roof-top solar energy project in Gandhinagar that started operating this year has so far generated a total of 1.2 million units of solar power. In the first six months of operations, nearly 260 small residential households participated in the first phase of the project in Gandhinagar with a total generation potential...

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NSL Power to invest $45 mn to set up Windfarms in Maharashtra...

  NSL Power, which plans to invest $45 million to set up new wind farms in Maharashtra, is planning to raise around $15.75 million from the International Finance Corporation. NSL Renewable Power Private Limited is the ‘Sponsor’ for Jath Wind Energy Private Limited. IFC is an equity holder in the Sponsor, holding 7.9% on a fully diluted...

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Collaboration with Germany & US firmed up for the Green Energy Corridors Development in India...

  Working to setting up commercial cooperation in renewable energy with developed and developing countries, the Ministry of New and Renewable Energy (MNRE) has firmed up international cooperation agreements with Germany and United States to establish “Green Energy Corridors” in the country. Officials in the MNRE said the Ministry...

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MoEF gives nod to GSECL’s Rs 4,100 Cr Wanakbori unit...

  The Gujarat State Electricity Corporation Ltd (GSECL) has received environmental clearance from the Ministry of Environment and Forests to set up a 800 MW power unit at a cost of over Rs 4,100 crore. However, the ministry has directed GSECL to phase out and dismantle "old and inefficient" units at its Wanakbori, Ukai and Gandhinagar...

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