The Union government plans to spend Rs 43,000-crore on ‘green energy corridor’ project to facilitate flow of renewable energy into the national grid. Germany is to assist India in the project with € one billion as soft credit.
Tag: Renewable Energy
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JNPT invites bids for wind energy plant
Agency reports indicate that Jawaharlal Nehru Port Trust (JNPT) invited bids from firms to set up a 7 mw wind power plant at a cost of Rs 48 crore to meet its energy requirement. The proposed plant may help the port save around 30 percent on energy costs, agency reports indicate. In order to reduce its dependence on power from outside sources, the port plans to set up renewable ener
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NSL raises $5 mn from IFC
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)
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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.