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Daily Archives: April 3, 2012

Gamesa Wind Turbines bags 13.6MW order from Oil India

Gamesa Wind Turbines has recently bagged an order from Oil India (OIL) for commissioning sixteen G-58 (850 kW) machines equaling 13.6 MW. While the tender award was issued on Feb. 03, 2012 the project stands completed as per the contract on Mar. 31, 2012. The machines have been delivered at Lodurva Village in Jaisalmer, Rajasthan. The increasing PSU orders signify Gamesa`s credibility as a preferred wind turbine manufacturer among the PSU`s in the country. In addition to the mentioned OIL order, ... Read More »

KfW (German Development Bank) Signs Euro 100.1 Mn Loan and Financing Agreement with Rural Electrification Corporation (REC)

Under the umbrella of Indo-German Bilateral Development Cooperation Programme, an Agreement was signed here today between Rural Electrification Corporation (REC) and KfW (German Development Bank) for a loan of Euro 100.1 million (including a grant component of Euro 0.5 million)  for financing “Clean Energy for Rural Development” projects. The loan agreement was signed by Mr. Rajeev Sharma, Chairman & Managing Director, REC and Mr. Oscar von Maltzan, Country Director (India), KfW. A Guarantee Agreement was also signed between KfW and ... Read More »

376 Solar Water Pumps installed in India this year

376 numbers of solar pumps have already been installed in the States of Arunachal Pradesh (3), Chhattisgarh (60), Maharashtra (11), Rajasthan (300) and Uttar Pradesh (2) in this year. The Ministry of New and Renewable Energy has released an amount of Rs.19.42 crores for the installation of 60 solar pump sets in Chhattisgarh, 75 pump sets in Haryana, 11 solar pump sets in Maharashtra, 600 pump sets in Punjab, 1600 pump sets in Rajasthan and 45 solar pump sets in ... Read More »

‘Solar power is a bit dicey; it depends on the regulatory environment’ says Tata Power executive

It is extremely difficult to tell somebody ‘please increase my rates’. We are trying to make them understand that without a tariff revision we would have to go strictly by the contract as per the legal requirement, which means we have to make the plant available only for 80 per cent of the time. — Mr S. Ramakrishnan, ED, Tata Power Mr S. Ramakrishnan, Executive Director, Tata Power, spoke to Business Line on the overall power scenario, the impact of ... Read More »

Citi Venture Capital Intl CIO Marc Desaedeleer Joins Suzlon Board

According to reports, wind turbine manufacturer Suzlon Energy Ltd has appointed Marc Desaedeleer, a CIO of Citi Venture Capital International (CVCI), as an additional director. Desaedeleer joins the company as Ajay Relan, independent director of Suzlon, has resigned from the board. Relan, the former chief of CVCI in India, had led the PE firm’s investment in the renewable energy company. However, he moved out to form his own PE firm CX Partners. Suzlon has also approved reconstitution of the audit ... Read More »

Indian Railways to run trains on renewable energy

According to reports, in what could be termed as a commendable initiative on the part of Indian Railways to go green, it is planning to come out with programmes that would enable the trains to run on power generated from renewable sources of energy. According to Union Minister of State for Railways KH Muniyappa, the Railways is in the process of framing such programmes, and it would be not too far away when our trains will run on clean energy. ... Read More »

Orissa government begins land search for 25 MW solar park

According to reports, the Orissa government is in the process of identifying 50 hectares of land in Nuapada district for establishment of a solar park with capacity of 25 MW. “The state’s nodal agency for land acquisition- Industrial Infrastructure Development Corporation (Idco) will identify 50 hectares of land for the solar park in Nuapada district. The state department of science & technology has already submitted a proposal for the solar park to the Government of India,” Niranjan Pujari, minister for ... Read More »

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