To support the development of wind and hydro power NSL Renewable Power (NRPPL), part of the Hyderabad-based NSL Group, has raised $5 million from International Finance Corporation (IFC) through compulsorily convertible debentures (CCDs)
Tag: Renewable Energy
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Rs 43,000-cr Green Corridor project for renewable energy
To flow renewable energy into the national grid the Union Government plans to roll out a Rs 43,000 crore green energy corridor project. The blueprint for the project has already been submitted to the Power Ministry by Power Grid Corporation of India (PGCIL).
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Gamesa in pact with greenko
For supply of turbines, renewable energy company Greenko has signed up with Spanish wind turbine company Gamesa.
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NTPC added 4 gw capacity in FY13
State-run power producer NTPC added 4,170 mw of generation capacity during 2012-13 surpassing its earlier best capacity addition of 2,820 mw in 2011-12. The company currently has an installed capacity of 41,184 mw through 16 coal based, two solar renewable, seven gas or liquid fuel and seven Joint Venture power stations
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Govt to include panel suggestions for future JNNSM projects
Union ministry for New and Renewable Energy said it incorporated the suggestions given by an inter-ministerial committee to strengthen guidelines for selecting EPC contractors for projects under the Jawaharlal Nehru National Solar Mission (JNNSM). Following allegation of irregularities in implementing projects under JNNSM, the ministry set up the inter-minis
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EIB commits 150 mn euro funding for clean energy projects
European Investment Bank (EIB) agreed to support renewable energy projects in India by committing a 20-year 150-million euro loan facility to the Exim Bank. Exim Bank would use the fund under the facility to lend for energy projects, notably wind, solar photovoltaic, concentrated solar power, hydro-power, geothermal, biomass and efficient co
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Solar power equipment firms must focus on quality
Mercom Capital Group is a clean energy communications and consulting firm with offices in the United States and India. Mercom consults its clients on market entry, strategy, policy, due-diligence and joint ventures.
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Govt targets to add 30,000 mw renewable energy
The Union Ministry of New and Renewable Energy is targeting a capacity addition of 30,000 mw during the 12th Plan period (2012-17) from various renewable energy sources, This was stated by the Union Minister for New & Renewable Energy Farooq Abdullah in the Rajya Sabha on March 11.
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Ministry aims to add 30 gw renewable energy capacity in 12th Plan
The Ministry of New and Renewable Energy aims to add 30,000 mw capacity during the 12th Plan period (2012-17) from various renewable energy sources. This information was given by Minister for New & Renewable Energy, Farooq Abdullah in Rajya Sabha recently. About 27,000 mw renewable power generation capacity has been installed in the country from various rene
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Bankers to take final call on debt recast for Suzlon
Reports indicate that lenders of the debt-ridden Suzlon Energy may meet soon to take a final call on the corporate debt restructuring (CDR) exercise. Suzlon has asked bankers to provide the company with fresh loans of Rs 2,000 crore to meet payment requirements, Rs 3,000 crore as a working capital loan and a