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Daily Archives: October 30, 2011

Confederation of Indian Industry calls for reforms in power sector

According to reports, industry chamber CII on Sunday asked the government to bring in reforms in the power sector in order to help distribution companies overcome losses. Losses of state electricity boards (SEBs) at over Rs 1,00,000 crore as of 2009-10 account for a large proportion of the fiscal deficit and subsidies in state budgets, Confederation of Indian Industry (CII) said in a report. “The key issues that SEBs are battling with are cost-tariff mismatches. While there have been no ... Read More »

Record $7.2 Billion India Renewable Funds Buck Europe’s Pain

According to reports, investment in clean-energy projects in India reached a record $7.2 billion in the first three quarters, bucking debt woes in Europe that threaten to derail more established solar and wind markets. The total value of project finance, money raised on public markets, and new investments from private equity and venture capital in the nine months to September already exceeds the $5.7 billion raised in 2010, Bloomberg New Energy Finance said. “The major difference this year is the ... Read More »

KERC raises tariff by 30 paise; also increases fixed charges

According to reports, the Karnataka Electricity Regulatory Commission (KERC) has increased the average tariff by 30 paise a unit (including fixed charges), an increase of 7 per cent. For the first time in several years, the KERC has also increased the fixed charges to Rs 5/KW/month. The lowest tariff increase is 10 paise for domestic customers – up to 30 units consumption a month in urban areas and 100 units a month in rural areas, and an increase of 50 ... Read More »

Orissa government plans to harness renewable energy

According to reports, with global warming on a rise, the State is changing gears to switch to renewable sources of energy for electricity generation, curbing pollution in the process. The power sector in India is undergoing sea changes of late, with the country already being regarded as the second largest wind power generator globally. However, generation of energy from renewable sources is still in the nascent stages in Orissa, with the power requirement in the State for the year 2011-12 ... Read More »

Future tense for power companies in India

According to reports, coal shortage and lower merchant tariffs will hurt performance and return ratios. The coal shortage situation in the power sector is like putting the cart before the horse. While a significant number of new power units have become operational and more are expected, there is an acute shortage of coal to keep these plants running — even at optimum capacity. Power companies are thus making headlines for all the wrong reasons: fuel scarcity, rising interest cost, lower ... Read More »

Durban climate negotiations meet won’t be easy for India

According to reports, India could find itself in a tough spot at the UN-sponsored climate negotiations in Durban, especially on the question of the legal nature of the global effort to deal with the climate change. At the pre-conference meeting this week, host South Africa made it clear that the Durban meet would find a “resolution” to the contentious issue of continuing with the Kyoto protocol beyond December 2012 and “agreeing” on the legal nature of a future climate change system. With ... Read More »

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