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    Solar energy can create 6.7 lakh jobs in India in 10 years

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    According to reports, solar power generation has the potential to create close to seven lakh jobs in the country in the next 10 years, says a report. Solar energy can create up to 1,45,000 MW of capacity and 6.7 lakh jobs in India over next 10 years, said the report, jointly prepared by Bridge To India and Tata Power Solar. It examines the ideal solar road map for India through comparative analysis of four distinct scenarios of solar power generation ... Read More »

    JICA extends ODA loan of Rs 3,500 cr for energy sector

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    According to reports, Japan International Cooperation Agency (JICA) today signed agreements with the Small Industries Development Bank of India (SIDBI) and the Indian Renewable Energy Development Agency Limited (IREDA) to provide 30,000 million Japanese Yen (approx Rs 1,750 crore) Japanese Official Development Assistance (ODA) to each of the two institutions to enhance energy availability in India. The agreement was signed by Shinya Ejima, Chief Representative, JICA India with N K Maini, Deputy Managing Director (In-charge), SIDBI and with K S ... Read More »

    Scheme to allow farmers to set up solar power plants launched in Karnataka

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    According to reports, Karnataka Government today launched a scheme that allows farmers to set up small solar power plants in their farms and sell electricity at the tariff fixed by Karnataka Energy Regulatory Commission. It would be covered by the ‘Surya Raitha Scheme’, under which government will also supply solar pumpsets at subsidised prices to overcome the power crisis being faced by farmers due to a huge gap in demand and supply, Energy Minister D K Shivakumar told reporters here. ... Read More »

    Jakson group aims to develop 100 MW of solar power

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    According to reports, power solutions provider Jakson Group is aiming to have a turnover of Rs 2,500 crore by 2017 based on its fast moving solar division. The group is also aiming to produce 100 MW solar power in next 2-3 years as an independent power producer (IPP) with an investment of upto Rs 700 crore. “We want to move on 100 MW in next 2-3 years time frame. We would be investing around Rs 500 to Rs 700 crore ... Read More »

    Centre asks Odisha to identify site for ultra mega solar power plant

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    According to reports, the Union Ministry of New and Renewable Energy (MNRE) has asked the Odisha government to identify the site and appoint a public sector undertaking (PSU) working in the field of power sector for setting up a ultra mega solar power project (UMSPP)/solar park in the state. The PSU will be considered as the designated agency for the project to be developed in the state. The solar park to be jointly developed by the state government and Centre ... Read More »

    Land-rich Suzlon Energy looking at EPC contracts in solar power segment

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    According to reports, Suzlon Energy is eyeing engineering, procurement and construction business in the solar power segment. It’s a plan the company had evolved six years ago, but shelved later due to various reasons. Speaking at the India Economic Summit in New Delhi in November 2008, Suzlon’s Chairman and Managing Director Tulsi Tanti had said the company was interested in building solar plants for others — just as it does windmills. A lot happened in the past six years. While ... Read More »

    Telangana turns to solar power

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    According to reports, the Telangana government is placing its bets on the sun to help it tide over the energy crisis. With the state enjoying nearly 300 days of sunshine each year, the Telangana southern and northern power distribution companies have decided to go ahead with a proposal to set up a 500 MW capacity solar power plant in Adilabad district. “The TSSPDCL has called for Request for Selection to set up solar power units through competitive bidding. The bids ... Read More »

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