A report by Mercom Capital Group says that India is projected to see a solar power generation capacity addition of 1,750 MW next year. Noting that new solar installations so far this year have been around 900 MW, Mercom on 20 November stated that India is not likely to register any significant year-over-year growth for 2013. However, during this period, global solar market is estimated to see 20 per cent growth.
Category: Power & New and Renewable Energy
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Cheyyur power project
The Power Finance Corporation (PFC) has stated that eight companies have evinced interest in developing Rs 24,200-crore Cheyyur ultra mega power project (UMPP) in Tamil Nadu. The UMPP is IndiaĆĀ“s first coastal power plant, to be bid out with an attached captive port. PFC is the nodal agency for UMPPs
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Solar power metering
Delhi Electricity Regulatory Commission has invited suggestions and feedback from stakeholders on a proposal to introduce net metering for rooftop solar power generation as per guidelines laid down by the Ministry of New and Renewable Energy. The commission claims that, with about 300 sunny days in Delhi a year and around 30 lakh households, Delhi has more than 700 sq km of built-up area for installation of photo-voltaic systems.
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NTPC to use waterways
On transporting coal through waterways from Sagar Islands to Farakka in West Bengal, the National Thermal Power Corporation (NTPC) hopes to save about Rs 450 per tonne. NTPC wants to transport the imported coal of 3 million tonne through waterways on barges under a new arrangement with Jindal ITF, which has set up facilities for unloading 3 million tonne of imported coal every year at Sagar Islands.
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India to become energy self-sufficient by 2030: Moily
Union Minister of Petroleum and Natural Gas M Veerappa Moily has said that achieving energy self-sufficiency is an important step towards securing true 'economic freedom.'
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Nod to Solar Energy Policy in Kerala
Solar Energy Policy has been approved by the Kerala Cabinet. The policy seeks to increase installed capacity of the solar sector to 500 mw by 2017 and 1,500 mw by 2030. The mission is to contribute to long-term energy security of the State as well as ecological security by reduction in carbon emissions.
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Adani to take up power transmission in Australia
Adani Group in Australia is now aiming to venture into power transmission business. Adani is into coal mining and port operations in Australia and now the Group's Australian arm Adani Mining Pty Ltd has proposed the State government of Queensland to invest $300 million for 250 km long transmission network in the central Galilee Basin where it is promoting coal mining and other infrastructure projects.
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Projects cleared by Project Monitoring Group
Following is the list of the projects which was cleared by Project Monitoring Group
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Govt plans 4 mega solar projects at Rs 90,000 cr
The Union government has planned four ultra mega solar power projects (UMPPs) at a cost of Rs 90,000 crore in Rajasthan (4,000 mw), Gujarat (4,000 mw), Kargil (2,000 mw) and Ladakh (5,000 mw).
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Power Finance Corp posts Rs 1,274 cr profit
The Power Finance Corporation (PFC) has stated in a regulatory filing that it has posted 23 per cent jump in net profit at Rs 1,273.79 crore for the three months ended September. PFC, a government-owned company and a key lender for the power sector, had a net profit of Rs 1,036.49 crore in the year-ago period.