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Daily Archives: August 31, 2011

110 remote villages in Tamil Nadu to get solar power

The Indian state of Tamil Nadu one of the pioneers in renewable energy and the leader in Wind Energy with about 43% of the installed capacity in India has released a Solar Road map for the state in December last year. Last month, Tamil Nadu Chief Minister J Jayalalithaa said that her government was proposing to bring out the “Vision Document 2025″ meeting the expectations of the industry leaders, she said. “This document will contain clear-cut policies for promoting investments ... Read More »

5 states face power cuts as Financial Institutions stop lending

According to reports, several financial institutions have decided to stop disbursing short-term loans to power distributors in five states where the losses of utilities have exceeded Rs 5,000 crore each, raising fears of prolonged blackouts and weaker electricity demand. The affected states are Tamil Nadu, Haryana, Rajasthan, Uttar Pradesh and Punjab. Losses of state electricity boards are projected to double to Rs 150,000 crore by 2014-15, creating an alarming situation for the sector as these utilities are the vital link ... Read More »

Solar energy yet to take off in Bihar

According to reports, power-starved Bihar is yet to take off in solar energy. Although, of late, the Bihar government is serious about solar energy as an alternative source of energy. Less than a percent of the total population has an access to solar power. During the last one and a half decades over 6,000 families could avail the facility of Solar Home Light System. The cost of each system is around Rs 10,000 and the government gives a subsidy of ... Read More »

Indian Energy chairman urges shareholders to back Infrastructure India deal- no offer from CLP Holdings yet

In early June this year, Indian Energy Ltd. (IEL), an operator of wind farms backed by Lloyds Banking Group Plc (LLOY) and AXA Investment Managers had said it expects a formal offer from a potential buyer within weeks. “We want to see a deal concluded in a relatively short period of time,” Chief Executive Officer Rupert J. Strachwitz, co-founder of the company and former financier at Dresdner Kleinwort’s private equity division, said in a telephone interview with Bloomberg then. “We’re ... Read More »

India’s Parliament briefed about upcoming PAT scheme

According to reports, the Indian Parliament’s lower house “Lok Sabha” was briefed about the upcoming energy efficiency cap and trade, the Perform Achieve Trade (PAT), scheme yesterday. The information was provided by the Minister of State for Environment and Forests (independent charge) Shrimati Jayanthi Natarajan in a written reply to a question by Shri Prahlad Joshi (MP from Dharwad in Karnataka) and Shri Jayant Chaudhary (MP from Mathura in Uttar Pradesh). As per the official release by Press Information Bureau ... Read More »

ABB India keen to enter energy efficiency, renewable business

Earlier this month, ABB India announced that it has won orders worth Rs 16 crore to supply turnkey power and automation solution for three photovoltaic solar power plants with a combined capacity of 11 megawatts (MW) in India. The orders comprise of two 5 MW photovoltaic (PV) solar power plants and one 1 MW photovoltaic (PV) solar power plant. When completed in October this year, the plants will have an annual generating capacity of up to17.6 Gigawatt-hours of electricity. According ... Read More »

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