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    Green Bonds Could Cut India Clean-Energy Cost 25%: Report

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    According to reports, funding renewable projects with Indian government-backed green bonds could lower the cost of clean power by as much as 25 percent, according to a study. The government could sell bonds and lend the proceeds to wind and solar farm developers. India could offer funds a third cheaper than commercial bank loans and for double the tenor as the government has the highest domestic credit rating, according to a report by the Indian School of Business and Climate ... Read More »

    US urged to drop India WTO case on solar

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    According to reports, environmentalists on Wednesday urged the US to drop plans to haul India to the WTO to open its solar market, saying the action would hurt the fight against climate change. The World Trade Organization’s dispute settlement body in Geneva has scheduled for Friday to hear the US case for a panel against India, which has some of the world’s most ambitious plans for expanding solar power. US trade representative Michael Froman, announcing the move in February, said ... Read More »

    Getting the sunny side up

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    According to reports, interest in solar energy projects has been hotting up in India, with states such as Jammu and Kashmir announcing ambitious projects to set up 7,500 MW of solar power capacity. But for a country that access 5,000 trillion kilowatt hours a year of solar energy, we are yet to harness even a fraction of this potential. India’s total solar power capacity is just 2.5 giga-watt — a mere 1 per cent of the power producing capacity through ... Read More »

    CERC issues power trading license to Parshavnath Power

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    According to reports, electricity regulator CERC has granted an inter-state power trading license to Parshavnath Power Projects Private Ltd. “Parshavnath Power Projects meets the net worth requirements specified by CERC for grant of licence and has fulfilled other conditions,” the Central Electricity Regulatory Commission said in an order. The balance sheet submitted by the company on September 30, 2013, showed its net worth was Rs 2.66 crore. “Any entity applying for the trading license should have net worth of Rs ... Read More »

    Accenture to implement SAP tool for Azure Power

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    According to reports, Solar power producer Azure Power has selected Accenture to implement an SAP enterprise resource planning (ERP) solution to support and drive growth in its solar generation business, the company said in a statement on Thursday. Accenture will provide implementation services in support of the SAP solution to Azure Power to help strengthen its business processes and improve planning, budgeting, forecasting, supply chain and revenue projections. The new solution will help the company scale its solar footprint across ... Read More »

    National Power Exchange plan shelved;CERC withdraws permission

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    According to reports, after dilly-dallying for nearly five years, promoters of National Power Exchange have decided to wind up the company. National Power Exchange is jointly promoted by NTPC, PFC and NHPC and private sector Tata Consultancy Services. Following the promoters’ decision, electricity regulator CERC has withdrawn the permission granted to the exchange for starting power trading business. At present, there are two power bourses in the country, Indian Energy Exchange (IEX) and Power Exchange India. The Central Electricity Regulatory ... Read More »

    BMC develops Banganga waste water treatment plant in Maharashtra, India

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    According to reports, the Brihanmumbai Municipal Corporation (BMC) has developed a wastewater treatment plant at Banganga wastewater pumping station in Walkeshwar of Maharashtra, India. According to the company, the new plant is capable of treating 1.5 million liter water that will be distributed by May 2014 end in Raj Bhavan garden, Kamala Nehru Park, Priyadran garden with State Ministers’ garden and other areas in Walkeshwar. The cost of the new Banganga waste water treatment is estimated to be around INR25m. ... Read More »

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