Minister of New and Renewable Energy Dr Farooq Abdullah said that the capacity addition in the wind energy sector declined after the withdrawal of Accelerated Depreciation (AD) and Generation Based Incentive (GBI) from April 2012. In the approved 12th Plan document
Category: Power & New and Renewable Energy
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Power firms reduce capital expenditure
The capital expenditure of 25 top listed power companies declined 15 per cent to Rs 112,687 crore in 2012-13. The decline in investment may result in a considerable generation and supply crunch by the end of the current Plan, in 2016-17.
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Assam to set up ring fence system
To detect power thefts in the state, the Assam government is to introduce 'Ring Fence System,' an advanced IT device system. With this, electricity theft might soon become a thing of past in Assam, says the State Power Minister Pradyut Bordoloi.
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EMCO Energys second 300 MW unit synchronised
The second unit of the 2X300 MW power plant of GMR's EMCO Energy has been synchronised with the grid and has achieved full load operation on 27 August 2013. The GMR Group is setting up EMCO Energy's 600 MW power plant at Warora in Chandrapur District of Maharashtra.
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Ujaas bags roof top solar contract
Ujaas Energy has made an entry into their Mysite business vertical in a big way where Ujaas provide turnkey services to their clients on their sites majorly for the bigger roof top installations. In the recent bid from Solar Energy Corporation of India (SECI)
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SPML Infra secures new orders worth Rs. 1802.10 crores
SPML Infra Ltd., India's leading infrastructure development company has won new orders worth Rs. 1802.10 Crores from South Bihar Power Distribution Company Ltd. (SBPDCL), Bihar and Public Health Engineering Department (PHED) of Rajasthan.
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Govt awards Rs 13,185 cr transmission projects to pvt cos
The Union Minister of State for Power Jyotiraditya M. Scindia has stated that the power transmission sector was opened up for private sector participation through mandatory competitive bidding with certain exemptions as per Tariff Policy notified by Government of India on January 6 in 2006 and the Gazette notification on July 8 July in 2011.
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Govt may pace up clearances to Rs 49K cr power plants
The Prime Minister Manmohan Singh headed Cabinet Committee on Investments is expected to speed up Rs 49,000 crore worth power plants of companies like Reliance Power and Essar Power, which have been stuck for want of environment and forest clearances at various levels. The panel will consider diversion of forest land for a coal block attached to Rs 20,852 crore Sasan ultra mega power project.
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Power sector to get additional gas till 2015-16
The Union Power Minister Jyotiraditya Scindia stated that from 2013-14 until 2015-16, all additional gas would be given to the power sector. The gas offered to fertiliser needs to be supplied, beyond that any additional gas would be given to power sector, Scindia said. An empowered group of ministers (EGoM) headed by Defence Minister AK Antony decided this on August 24.
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Uttarakhand govt to bring in new power policy
Uttarakhand government would shortly formulate special policies for the development of new hydel projects and other reconstruction works in view of the June 16-17 floods. For this purpose, the government would set up a core group to formulate the new policy involving top environmentalists like Anil Joshi, the head of HESCO and The Energy and Resources Institute Director-General RK Pachauri, said the State Chief Minister Vijay Bahuguna.