Sumant Sinha is the Chairman and CEO of ReNew Power. He brings his vast experience in the Indian renewable eneÂrgy space, international finance, comÂbined with unique operating experience to the firm. Prior to setting up ReNew Power, Sumant was the Chief Operating Officer (COO) of Suzlon Energy. Sumant was responsible for refinancing SuzlonÂ’s entire outstanding debt worth $3 billion, raised an additional $800 million and restructured $500 million worth of foreign convertible bonds in an extremel
Category: Power & New and Renewable Energy
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Solar power at Delhi station
To power the premises of New Delhi railway station, the Delhi Division of Northern Railway is looking at the option of using solar energy. Under the pilot project, solar panel of 1 MW capacity will be installed in the non-utilised portion of the rooftop. Authorities highlighted the need to conserve energy and reduce the power bill of the station.
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PowerGrid sub-stations to be remote-controlled
By 2013, all PowerGrid sub-stations will be remotely controlled by the National Transmission Asset Management Centre at Manesar, said RN Nayak, Chairman and Managing Director, PowerGrid. There will be cameras observing the functioning of devices and equipment and the stations will be virtually managed remotely, he said, adding that having eight persons per sub-station was a waste of manpower.
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India suffers over 11% power generation loss
A Central Electricity Authority review has said that India suffered a power generation loss of over 11.46 per cent, in 2011-12, on account of fuel shortage, transmission bottlenecks and an equipment proÂblem. All India electricity
generation in the country during 2011-12 has been at 876.89 bu. The increased forÂced outages were due to incÂreased forced shutdown of units due to coal supply problem and transmission constrÂaints and equipment problems of some new units, the CEA report said.
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Gamesa to foray into solar EPC
Ramesh Kymal, Chairman and Managing Director, Gamesa India, intends to set foot in the engineering, procuÂrement and construction (EPC) space of solar projects in order to diversify its revenue stream. Noting that wind energy would remain the core business of the company, Kymal said it wanted to also explore the possibility of harnessing solar power at its wind farm
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CESC power distribution contract overseas
The power flagship of the Rs 10,000 crore RP Sanjiv Goenka Group, CESC has now taken the first step in power distribution space overseas, bagging a distribution right for Port Harcourt in Nigeria, Sanjiv Goenka, Vice-Chairman, CESC and Chairman of RP Sanjiv Goenka Group, said. The distribution right covers an area of 48,000 sq km and an annual turnover of $180 million.
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J&K to add 8 GW hydel capacity
Jammu and Kashmir State Power Development Corporation (JKSPDC) aims to add about 8,000 MW of hydro power in the state in the 12th-13th Plan including projects being taken up in private sector in the IPP mode. This information was provided by the Managing Director of JKSPDC.
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Model solar cities
The Union New and Renewable Energy Ministry is to develop 41 cities, including Chandigarh, Nagpur, Mysore and Gandhinagar, as model solar cities. The list of proposed solar model cities also includes Gandhinagar, Nagpur and Chandigarh. The Ministry has approved the master plans for the 28 cities and the project installations have already started in a few cities, the Ministry said in a release.
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Essar Power Vadinar P2 project
Essar Power has commissioned the second unit of 225 MW of its 510 MW Vadinar Phase 2 project in Gujarat. The coal-fired Vadinar P2 plant with a total capacity of 510 MW is now fully commissioned and will be providing power and process steam to Essar OilÂ’s nearby oil refinery.
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Oil futures decline on subdued economic condition
At the international market, crude oil prices declined in recent session because of expectation that the subdued world economic condition may