To fund three key power projects in Andhra Pradesh, the Rural Electrification Corporation (REC) is to provide a loan of Rs 10,873.35 crore.
Category: Power & New and Renewable Energy
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Wind power bodies’ plea for investor-friendly policies
Investor-friendly policies by the government will accelerate wind energy development in the country, hence such policies are the need of the hour, wind energy associations in India have said.
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India may go for smart grid
India may introduce smart grid to automatically restrict overdraw of electricity from its power grids. The July’s breakdown of power supply in North and subsequent breakdown in East and North-east prompted the government to modernise the existing grid system.
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Standard Chartered buys stake in wind farm
Standard Chartered Bank has bought a stake in a wind farm, Green Infra, to source green energy for an office in Chennai. The bank is targeting improvements in energy and resource efficiency in its buildings.
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German loan for India's RE projects
For India’s renewable energy (RE) projects in rural areas, the German government owned development bank KfW has agreed to give a loan of Rs 700 crore.
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First Solar for manufacturing in India
Chief Executive of First Solar, Jim Hughes has hinted that the company might look at manufacturing in India. First Solar is the American photovoltaic cells and modules manufacturer.
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TAPS contributes 33%
In the first quarter, the Tarapur Atomic Power Station (TAPS) contributed 33 per cent of the total atomic power generated in the country.
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BHEL plant in Maha
Bharat Heavy Electricals (BHEL) is to set up a new manufacturing facility in Maharashtra for which it would invest Rs 159 crore,
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Rain failure hits TN
In Tamil Nadu, the failure of the southwest monsoon has dealt a severe blow to the state’s hydroelectric power units, reducing energy generation by 33 per cent of their combined capacity.
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Power equipment industry
Hurt by economic slowdown and higher imports, the Indian electrical equipment industry’s sales have decreased by 2.4 per cent in the first quarter of 2012-13.