According to reports, the overall global clean energy investments in 2012 was $268.7 billion, down from $302.3 billion in 2011. Clean energy investment declined 11 per cent in 2012, weighed down by regulatory uncertainty and policy changes in big markets such as the US, India, Spain and Italy. Sharply lower prices of solar and wind technology also provided downward pressure on investment volumes.
Category: Power & New and Renewable Energy
Post
Post
IRENA unveils roadmap to double renewables by 2030
According to a new global roadmap launched at the International Renewable Energy Agency (IRENA) Assembly in Abu Dhabi, international efforts are going to double the share of renewable energy by 2030. But efforts are needed to accelerate substantially if they are to be successful, IRENA said.
Post
IIP grows -0.1% in November
The Index of Industrial Production (IIP), which measures output in mining, manufacturing and electricity sectors, contracted 0.1 per cent in November 2012 as against 6 per cent growth in November 2011. In October 2012, the index grew 8.3 per cent on the back of increase in output during festive season. The man
Post
VSP’s sales may suffer due to power shortage
TK Chand, director (commercial), of Visakhapatnam Steel Plant (VSP) informed that the shutdown of many steel rolling mills in Andhra Pradesh would affect the sale of VSP in 2012-13. It is learnt that about two-thirds of the steel rolling mills in the state are shut while production in the remaining mills dropped by more than 50 per cent because of acute powe
Post
KPCL to select company for supply of LNG
Karnataka Power Corporation (KPCL) plans to conduct international competitive bidding process to select a company for supply of up to 1 mn mtpa of liquid natural gas (LNG). KPCL requires LNG in order to fuel its upcoming 700 mw gas-based combined cycle power project at Bidadi near
Post
TN’s new solar policy
The Tamil Nadu Government unveiled new solar energy policy which appears to offer a Rs 21,000-24,000 crore business opportunity and the players in the field apparently are waiting for the Government Order to specify the contours of the new policy.
Post
Govt to decide on green nod before auctioning 54 blocks
Government would soon decide on whether to secure environment and forest clearances for the 54 coal blocks before auctioning them to power, steel and other firms. According to reports, government finds it preferable to secure green nod before auctioning these blocks in order to avoid delay in developing them.
Post
Panel upholds CAG’s right to audit blocks
The Rangarajan Committee on oil and gas sector opined that it was the prerogative of the Comptroller and Auditor General of India (CAG) to audit expenses incurred by block operators. The panel, which submitted its report to the union government recently, suggested that the blocks with low value can be audited by panel of auditors formed by CAG and f
Post
Vizag Steel works on captive power plant project
In order to ensure assured power supply for its future requirement, the Visakhapatnam Steel Plant is working on a 240 mw captive power plant project in two phases. In the first phase, the firm would be setting up a 120 mw blast furnace gas-based captive plant with an investment of Rs 677 crore. AP Choudhary, Chairman and Managing Director of the firm, laun
Post
Infrascape 2013 | Power distribution needs significant reform intervention
India has suffered a slowdown due to weak industrial growth. There is an immediate need to improve the macro-economic environment to accelerate the pace of reforms. As the year 2012 ends and the New Year rolls in, the existing troubles need immediate resolution.