To support the development of wind and hydro power NSL Renewable Power (NRPPL), part of the Hyderabad-based NSL Group, has raised $5 million from International Finance Corporation (IFC) through compulsorily convertible debentures (CCDs)
Category: Power & New and Renewable Energy
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Discussion on hydro projects
The Union Power Ministry has taken up the issue of environmental and forest clearances to hydel projects with the Environment Ministry. The initiative is to encourage development of hydro sector in the country.
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SJVN plans power projects
RP Singh, Chairman of SJVN informed that the firm may invest about Rs 986 crore on several projects, including wind and thermal during 2013-14 compared to Rs 796 crore invested in the previous fiscal.
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Mcnally Bharat wins contract
McNally Bharat Engineering secured a Rs 277 crore contract for construction of portion of four laning of national highway. The project is to be completed within 22 months.
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Rs 43,000-cr Green Corridor project for renewable energy
To flow renewable energy into the national grid the Union Government plans to roll out a Rs 43,000 crore green energy corridor project. The blueprint for the project has already been submitted to the Power Ministry by Power Grid Corporation of India (PGCIL).
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Coal India to cut supplies to CPPs
Coal India (CIL) is considering a reduction in coal supplies to captive power plants (CPPs) operated by energy intensive industries, which account for 15 per cent of the country's power generation capacity.
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Poor transmission causes wind power loss to TN
Chairman of Indian Wind Power Association Kasturirangan said that at a time when every unit of power generated matters to the state, Tamil Nadu has lost 100 million units of wind power in a week alone. Even before the peak wind season of July,
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Tata to add 1,600 MW
By adding two more units to its 4,000 MW Mundra ultra mega power project (UMPP) in Gujarat, Tata Power Company is to expand the project's capacity to 5,600 MW.
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Solar Energy Corp plans pilot projects at Rs 2,555 cr
Newly formed public sector company Solar Energy Corporation of India (SECI) plans to call for bids for four pilot solar thermal power projects, requiring an investment of about Rs 2,555 crore.
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Denmark, indian firms in JV
The Union Minister for New & Renewable Energy Farooq Abdullah said that a number of companies from Denmark have joint collaborations with Indian private sector companies in the renewable energy sector in India.