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Daily Archives: January 8, 2012

Solar gear makers seek policy relief as Chinese imports hurt

According to reports, Faced with stiff competition from Chinese players, and under utilised capacities, domestic solar equipment makers are in talks with the government for “policy interventions” to cushion their business against shocks. Low-cost equipment supplies from countries such as China and Taiwan are impacting domestic manufacturers, even as things are promising on generation side, according to solar panel makers. Many solar project developers are also getting equipment from the US. In most of the cases, the companies also get ... Read More »

Parity in energy prices needed for higher growth: Montek

According to reports, concerned over rising energy import bills amid a weaker rupee, Montek Singh Ahluwalia, the deputy chairman of Planning Commission on Friday said there is a need to raise energy prices to achieve nine per cent growth. “Domestic coal prices are one third of international rates at present. There is need for better alignment of energy prices,” he said while speaking at the foundation day ceremony of National Aluminum Company (Nalco) here and in the process backed the ... Read More »

REpower to deliver 11 wind turbines for Portugal project

Suzlon Energy said on Friday its subsidiary REpower Systems SE will deliver 11 wind turbines for a project in Portugal. Germany-based REpower is a step-down, wholly-owned subsidiary of wind turbine-maker Suzlon Energy. However, the financial details of the deal were not disclosed. The project in Portugal would have eight turbines of REpower MM92-type and three of MM82-type, Suzlon said in a statement. “All turbines of the wind farm, which will be situated in central Portugal, will have a hub height of 80 ... Read More »

Khosla invested Praj Industries acquires majority stake in Neela Systems

According to reports, Praj Industries Ltd has acquired a 50.2 per cent stake in Mumbai-based Neela Systems Ltd for about Rs 64 crore. With business interests in water treatment and modular process systems, Neela Systems is focused on the biotech, pharma and personal care segments. Though it is now a Praj subsidiary, it will continue to operate as an independent entity. Founded in 1989, by Mr. Himanshu Shah, Neela Systems has a turnover of around Rs. 90 crore, including exports. ... Read More »

BHEL to commission Karnataka Power Corporation Ltd. 5 MW solar project by February end

According to reports, the recent strike by sand transporters has affected work related to setting up of the 5 MW grid-connected solar power plant at Shimsha in Mandya district. The plant, which was to be ready in January as per the original schedule, is now expected to be completed by February-end. A top-ranking official in Karnataka Power Corporation Ltd. (KPCL), which is setting up the plant, said: “Work is being expedited to make up for the delay and to ensure ... Read More »

Andhra Pradesh to invest Rs 1,8 billion in wind power evacuation

According to reports, as part of its efforts to woo the wind power investors to the state, Andhra Pradesh has drawn up plans for strengthening the power evacuation system in the state involving an outlay of Rs 1,800 crore. “We have sent proposals worth Rs 1,800 for strengthening the power evacuation network to the Centre. We expect about 50 per cent of it coming as grant,” said Ajay Jain, chairman and managing director of Andhra Pradesh Transmission Corporation. Power evacuation is ... Read More »

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