Planning Commission member BK Chaturvedi has said that the Union government would set up a green corridor to generate power from solar and wind capacities that were established at a cost of Rs 50,000 crore, Planning Commission member BK Chaturvedi. The National Action Plan on Climate Change has recommended that India generate 10 per cent of its power needs from solar, wind, hydropower and other renewable sources by 2015, and an additional 5 per cent by 2020.
Category: Power & New and Renewable Energy
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Govt may not give significant gas to power sector
An Empowered Group of Ministers (EGoM) may not give any significant natural gas to the fuel-starved power producing units in the country till domestic production rises in 2016-17. Over $21 billion power plants are stranded for want of fuel. The EGoM headed by Defence Minister AK Antony is to meet shortly to squeeze out some gas from current year output of 105 million standard cubic meters a day for the power plants.
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Scindia seeks gas supply for $21 bn power plants
Union Power Minister Jyotiraditya Scindia has emphasised over an urgent solution on fuel woes to generate an additional 14,000 mw of electricity. Over $21 billion worth of power plants have stalled due to natural gas shortfall, Scindia said. Besides seeking untied gas currently produced or likely to be produced in future by companies like State-owned ONGC and GSPC, Scindia wants fertiliser plants to spare some gas after fulfilling the requirement for producing urea.
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2013 IHS Day APAC Summit to be held in New Delhi – Connect Decision Making
IHS(NYSE: IHS), the leading source of information, insight and analytics in critical areas that shape today's business landscape, will be hosting the IHS Day APAC Summit in New Delhi on 25th July at Taj Palace Hotel. Under the theme "Connect Decision-Making with the Source of Critical Information and Insight"
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Essar Power issues bonds to refinance debt
In order to refinance its existing debt, Essar Power mopped up Rs 750 crore by issuing rupee denominated bonds. The company, which is part of the London-listed Essar Energy, has a total debt of around Rs 16,500 cr. The bond offering would increase the maturity timeframe of its debt and also enable the firm save on inter
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Gujarat govt seeks cut in tariffs for solar plants
Gujarat government, lauded by India Inc for being business friendly, has stumped industry as it seeks to back out of the high tariffs contracted for nearly 1,000 mw of solar plants of the Tatas, GMR, Adani, Bollywood star Ajay Devgn, Lanco and others. Gujarat Urja Vikas Nigam (GUVNL) has approached the regulator with a plea to reduce tariff from Rs 12.54 per unit to Rs 9 to cut its payment liabilities. It is arguing that the state agreed to pay tariff of 12.54 per unit based on the then availabl
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Odisha to bring in solar policy for more power production
To promote solar power production in Odisha, the State government has decided to formulate a solar policy soon. The policy will help streamline production, utilisation and management of solar energy in the state, Ramesh Majhi, the State's Science and Technology Minister said.
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AP govt invites application from solar power developers
Andhra Pradesh government invited solar power developers to submit applications within four weeks for setting up solar photovoltaic power plant in the state. The state government assured that it would pay Rs 6.49 per kWh of power generated from such plants. AP Transco proposed to rope in any solar power developer, even those who have not participated in the recen
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Goa govt complains to ACB over blackouts in tourist belt
Goa State Power Ministry has filed a case with the Anti-Corruption Bureau (ACB) after sub-standard work by a contractor led to major power cuts in the coastal belt of North Goa last week. The electricity department officials alleged that the kits on the 33 kv underground double circuit line connecting Thivim to Porvorim, travelling 15 km, conked off during monsoons, resulting in black outs in the coastal belt, which is a tourist hub.
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Gas supply proposal for power plants may be discussed
The proposal to give power plants the same priority as fertiliser plants for supply of domestic natural gas would be discussed in an upcoming meeting of the Empowered group of ministers (EGoM). If the EGoM accords the same priority, existing and stranded plants would get natural gas to generate about 2,200 mw power