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    SunEdison’s head rubbishes payment risk perception in Tamil Nadu

    According to reports, Pashupathy Gopalan, who heads the Asia-Pacific and Sub-Sahara African operations of the US renewable energy major, SunEdison, says he does not believe investing in Tamil Nadu’s power sector exposes a company to payment risk. This is a contrarian view, for the generally-held (and often whispered) view is that the state’s electricity distribution company, Tangedco, does not pay power suppliers’ dues in time. Payment of Tangedco’s dues to wind power companies, for instance, have often been delayed by ... Read More »

    Govt running a scheme to install one lakh solar pumps

    According to reports, the government is implementing a scheme to install one lakh solar pumps for irrigation and drinking water, Parliament was informed today. “The Ministry of New and Renewable Energy is implementing programme for installation of 1,00,000 solar pumps for irrigation and drinking water through State Nodal Agencies and NABARD,” Power, Coal and New & Renewable Energy Minister Piyush Goyal said in a written reply in the Lok Sabha. He further said that the ministry provides 30 per cent ... Read More »

    In a first, forecasting helps TNEB make most of wind power

    According to reports, in a first, the use of wind forecasting techniques has helped to increase wind power evacuation by 20% on a daily basis. Wind power being among the cheapest sources of power – at Rs 3.50 per unit – it would help TNEB financially to use all the wind power being generated. Without forecasting of a fluctuating source of power, however, other power plants will have to be kept running for the sake of continuous supply of power ... Read More »

    Japan’s foreign aid arm plans to finance India solar power parks

    According to reports, Japan’s foreign aid arm Japan International Cooperation Agency (Jica) plans to fund solar power parks in the country, giving a fillip to India’s green energy plan. To start with, Jica is ready to invest $500 million in the proposed solar parks. Other institutions such as Germany-based KfW Bankengruppe and World Bank also want to invest in solar parks. Of the total 100,000 megawatts (MW) of solar power capacity planned by 2022, 20,000MW will come from solar parks ... Read More »

    Power-guzzler railways look for green energy

    According to reports, Western Railway and Central Railway trains (suburban and long-distance) consume electricity equal to the consumption in Thane, Mulund, Bhandup, and Kanjurmarg put together. The quantum of water used every week by CR and WR to wash their trains matches a day’s supply to Navi Mumbai or Kalyan-Dombivli. Now that Mumbai grapples for every drop of water and with electricity tariffs rising steadily, the railways and state government are scouting for cheaper options. Plans are afoot to source ... Read More »

    Deutsche Bank sees solar winning coal in India by 2019-20

    According to reports, investments in India’s solar industry will exceed those in coal by the year 2019-20. Also, solar power generation will result in reducing coal consumption by 70 million tonnes, saving $ 17 billion (Rs 1.08 lakh crore), says a recent report of Deutsche Bank. “Global majors have committed $ 35 billion (Rs 2.25 lakh crore) to the Indian solar sector. By 2020, annual solar power capacity additions and investments could surpass those in coal power projects,” Abhishek Puri, ... Read More »

    Mahindra Partners readies $450 million solar push

    According to reports, Mahindra Partners, the private equity firm of the Mumbai-based Mahindra Group, will invest $225 million to build 1 gigawatt (GW) of solar assets in the next 2-3 years, a top executive said. The move is part of an effort to create new businesses that will help the conglomerate reach its ambitious target of $50 billion in revenue in the next few years. To boost this, Mahindra also plans to raise another $225 million in the next 3-4 ... Read More »

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