JP Morgan Asset Management has recently invested Rs 100 crore in Leap Green Energy, a company promoted by India's ace motor racer Narain KarÂthiÂkeyan's family. Leap Green owns installed capacity of 100 MW of wind assets,
Category: Power & New and Renewable Energy
Post
Post
Reliance's Rosa unit
Reliance Power has commenced generation at the first of the two 300 MW units that make up the second phase of the company's Rosa Project in Uttar Pradesh.
Post
J&K power proj terms
The Jammu and Kashmir government began a review of the terms and conditions governing the power projects constructed and run by it in the state.A cabinet sub-committee reflected on the purchase of two major projects, Uri and Salal, from the NHPC, for which it needs Rs 2,000 crore, according to official sources.
Post
CIL supplies more coal to power sector
In the last few months, the supply of coal to power sector has been rising, claims Coal India (CIL). It says the perceÂntage materialisation of coal supply to the power stations against the commitment as per fuel supply agreements or memorandum of understandings in the months of October, November and December (up to 20) have been 88 percent, 96 percent and 103 percent, respectively.
Post
Tata Power to own Tata BP Solar
Tata Power signed an agreement to acquire 51 percent stake of BP Alternative Energy Holdings, in its solar joint venture, Tata BP Solar. After the purchase, Tata Power will own the entire company. The move comes in the wake of BP's recent decision to exit its solar busiÂness. Tata BP Solar was forÂmed in 1989 to manufacture phoÂÂtoÂvoltaic cells and modules.
Post
Power Min seeks scrapping of import duty on coal
In order to tackle the coal price surge, the Power Ministry is pushing for abolition of Customs duty on imported coal. The Ministry is trying to garner the support of the Planning Commission on the issue, which is expected to be countered by the Finance Ministry in light of the revenue implications.
Post
Voith inks deal with L&T
Voith Hydro has signed a contract with L&T Hydro Power for the Singoli Bhatwari Hydro-Electric Project.This includes the supply of the entire equipment of the power units and electrical and mechanical auxiliaries. L&T Uttaranchal Hydro Power is a special purpose vehicle (SPV) created to implement the 3 x 33 MW Singoli Bhatwari hydro-electric project.
Post
GKEL gets Mega Power status
GMR Kamalanga Energy (GKEL) has executed an agreement for supply of 260 MW to Bihar State Electricity Board (BSEB) under Case I bidding. With this agreement, GKEL has tied up 85 percent of its power sale under tariff policy. This makes GKEL eligible to avail Mega Power status under the new policy.
Post
Solar Cities to be Developed
The Ministry of New and Renewable Energy proposes to develop 60 cities as solar cities. So far,based on proposals received by the government from various sates, in-principle approval has been given to 48 cities to be developed as solar cities in the country. Out of these, 37 cities have been given the green light by the government.
Post
Well-equipped
Wärtsilä India has conferred the Ninth Wärtsilä Mantosh Sondhi Award on B Prasada Rao, Chairman and Managing Director, Bharat Heavy Electricals Ltd (BHEL) for his outstanding contribution to the energy sector in India. Björn Rosengren, President and CEO, Wärtsilä Corporation, gave away this award.