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Monthly Archives: February 2012

Ministry of Renewable Energy gets tough on solar project developers

According to reports, solar projects that feed power into the grid and are available to their full capacity will be considered as commissioned under the National Mission. This has been stated by the Ministry for New and Renewable Energy. With the Solar Mission coming into public glare because of allegations that the Lanco group circumvented norms to bag projects, the Ministry is now treading more cautiously. Mr Tarun Kapoor, Joint Secretary in-charge of National Solar Mission in the Ministry for ... Read More »

Alex Green wins Odisha Solar bid quoting Rs 7 a unit

According to reports, Alex Green Energy has emerged the lowest bidder in the 25 MW solar PV programme of the Odisha government, quoting a historic Rs 7 a unit. Alex’s quote is therefore the lowest ever in the country, notably lower than the Rs 7.49 a unit quoted by SolaireDirect of France, under the National Solar Mission. What gives Alex the confidence to be able to sell solar power at Rs 7 a unit is presumably the fact that it ... Read More »

Cesc eyes ambitious targets in Karnataka

According to reports,Chamundeshwari Electricity Supply Corporation Limited (Cesc) is embarking on several customer-friendly initiatives with a new customer care centre to be opened, apart from a foundation stone being laid for the corporate office on February 28.The ambitious programme includes part A and part B. In part A it will be partnering with the IT major Infosys, for computerisation of its entire jurisdiction which includes Mysore, Chamarajanagar, Mandya, Hassan and Kodagu districts at a cost of Rs 32 crore. Part ... Read More »

Techno Electric’s Plan B for 114MW Tamil Nadu Wind Farm

According to reports, while being ‘confident’ that its proposal for evacuation of power from its wind farm will be accepted by the Tamil Nadu Generation and Distribution Company (TANGEDCO), Techno Electric & Engineering Company is also getting ready with its Plan B: leave the PPA and begin third party sales. The NSE-listed company has 210 MW of wind power capacity, 114 MW of which is in Tamil Nadu — where it is facing serious evacuation issues. A major part of ... Read More »

Sterling and Wilson among top solar EPC players

According to reports,having just crossed the 80 MW-mark in commissioning of EPC contracts for solar power projects, the Goldman Sachs-funded Sterling and Wilson, has emerged as one of the larger EPC contractors in the field — perhaps only second to L&T. On the basis of the prospects that are in “various stages of negotiations”, Mr Bikesh Orga, who heads the solar business in the Shapoorji Pallonji group company expects to do between 150 MW and 200 MW next year. Mr ... Read More »

India and ADB Sign an Agreement for US $100 Million ADB Loan for Gujarat Solar Power Transmission System

The Government of India and the Asian Development Bank (ADB)  signed an agreement for a $100 million ADB loan to develop a transmission system that will distribute 500 megawatts of solar power from the Charanka Solar Park in Gujarat. Using an innovative public private partnership (PPP) model, the project will create job opportunities, improve social services and contribute to poverty reduction locally. It will also support power distribution companies in Gujarat and other Indian power utilities to meet part of ... Read More »

Solar power, equipment units in India seek to recast debt

According to reports, with mounting inventory pile-ups and rising interest costs and dues, many companies from the solar power generation and equipment manufacturing segments have opted to recast their debt. The latest in the line for corporate debt restructuring is Moser Baer Photo Voltaic, the case being referred in January. Earlier, Indo Solar, Jupiter Solar and XL Telecom and Energy had also opted for a debt recast, according to a senior public sector bank executive. Delhi-based public sector bank Oriental ... Read More »

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