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Daily Archives: August 16, 2011

Allegation on Carbon Credits Earned by Indian Companies

On, The Executive Board of Clean Development Mechanism (CDM) had considered a proposal to stop issuance of Certified Emission Reductions (CERs) and withhold further approval of CDM projects relating to destruction of Hydro Flouro Carbons-23 (HFC-23) gas until the methodology of such projects is revised. This action has been taken after representation of a non-governmental organisation based in Europe. There are five units in India producing Hydro Chloro Flouro Carbons – 22 (HCFC-22) gas, which are eligible for CERs. HFC-23 ... Read More »

Gujarat solar park likely to produce 300MW by the end of December

According to reports, Gujarat aims to become the solar power capital of India by the end of the year, going by the power purchase agreements signed between developers and state-run power utility Gujarat Urja Vikas Nigam Ltd (GUVNL). These pacts guarantee a fixed 958MW of solar power to be supplied to GUVNL that will be made available to the state power grid by 31 December. Under the state policy, at least 84 solar projects are to be built in various parts of Gujarat. According ... Read More »

PTC India Financial Services sanctions Rs.457 million to Two Solar Power Projects

New Delhi-based PFS – incorporated in 2006 – is the investment arm of power trading firm PTC India Ltd. PFS invests in projects, fuel sources, related infrastructure like gas pipelines, LNG terminals, ports, equipment manufacturers like transformers, conductors, insulators, cables etc. We had mentioned in February this year that , IFC was planning to provide $50 Mn loan to PTC India Financial Services Ltd (PFS), which will be used for lending to companies and projects in the renewable energy space ... Read More »

IFC Plans To Invest $11 Mn In Mahindra Solar One

Mahindra Solar One, established in 2010, a solar power development, construction and operating company is a 26:74 JV between Mahindra Group and Kiran Energy Solar Power Private Ltd. The company’s 5 MW project is located in Rawra village, in the Jodhpur district of Rajasthan. Company plans to build other project adjacent to the current 5MW project and in the Gujarat Solar Park, in the Patan District of Gujarat. Kiran Energy, a solar power development company is founded by Alan Rosling, ... Read More »

India could be Ex-Im bank’s largest portfolio in next 12-18 months

According to reports, the US Ex-Im has the mandate to double the country’s exports in five years and also create jobs, focusing on small and medium enterprises (SMEs). Promoting SMEs has hardly been on the radar of US policy-makers in an economy with thriving multinational companies. But Mr Hochberg has taken the mandate quite seriously. The US economy is still weighed down by a huge debt burden that led to the recent downgrade of its sovereign debt by ratings firm ... Read More »

USOF India certifies VNL’s solar-powered GSM system

The Universal Service Obligation Fund (USOF), Department of Telecommunications, Government of India, has awarded a certificate to VNL to mark the successful completion of a trial of its GSM Cellular Rural Telephony Solution. The certificate was presented to VNL by the Administrator USOF Mr. Ajay Bhattacharya, who expressed his happiness on the successful completion of the project. The USOF has found VNL’s WorldGSM™ solution to be: environmentally-friendly, and suitable for deployment in rural and remote villages, industrial areas with low ... Read More »

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