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Daily Archives: April 6, 2012

Suzlon mulls sale or listing a stake of RePower Systems

According to reports, Suzlon Energy Ltd. (SUEL), Asia’s third- biggest wind-turbine maker by sales, is studying options for its German Repower Systems SE (RPW) subsidiary, including a sale or listing a stake, people with knowledge of the matter said. Suzlon, based in Pune, India, is seeking at least 1.5 billion euros ($1.96 billion) from a sale, while a listing of Repower’s international operations or Repower itself are among options that have been considered, said the people, who declined to be ... Read More »

BHEL to get into wind energy generation equipment manufacturing

According to reports, in a bid to create newer streams of revenue, Bharat Heavy Electricals Ltd (BHEL) is mulling entry into production of  wind energy generation equipment. “We would like to get into this segment for topline growth,” said T N Veeraraghavan , executive director of BHEL, Ranipet. ‘We have already floated an expression of interest and some parties have also shown interest. We are still deciding on the suitable business model. We might tie up with or acquire a ... Read More »

Karnataka gives time to revise prices on Solar bids

According to reports, solar power developers who have bid for projects under the Karnataka Solar Mission have been given time till April 16 to revise (down) their price bids. Nineteen developers have cleared the ‘technical bid’ stage under the State’s 80 MW programme. These companies can now revise their price bids. The announcement of winners of the technical bids comes after a delay, almost three months after the bids for the projects closed in November last year. “Since there has ... Read More »

IIT Madras working on major projects in various aspects of solar technology for Indian market

According to reports,the Indian Institute of Technology, Madras, is on a major project to make solar power doable in India, said Prof Ashok Jhunjunwala of the Institute. Speaking at a conference on renewable energy organised by the Institute of Financial Management and Research, the Professor did not want to discuss IIT’s ongoing project in detail, but said that the work covers several aspects of technology. But at the heart of the issue is this question: why should we continue to ... Read More »

Wind power developers in India to form new association

According to reports, the wind industry is divided over abolition of ‘accelerated depreciation’ benefit (which allowed higher depreciation for calculating taxable profits in the first year of buying a wind turbine.) While the Indian Wind Turbine Manufacturers’ Association (IWTMA) has expressed dismay over the scrapping of AD, and has called for its restoration, a section of wind power developers have welcomed the move. In a related development, several wind power developers, who met on Wednesday, have decided to form a ... Read More »

‘More research on renewable energy is need of the hour’ says Indian RE Minister

According to reports, research and development has an important role to play in increasing the renewable energy capacity in the country, Farooq Abdullah, Union minister for new and renewable energy said on Thursday. A statement issued by the minister was read out at the international conference on ‘Renewable Energy and Climate Change – Exploring Opportunities for Sustainable Development’ held at the Madurai Kamaraj University, as he was unable to attend. In his statement, Abdullah pointed out the importance of research ... Read More »

BHEL Tiruchi to work on clean coal technology

According to reports, Bharat Heavy Electricals Ltd (BHEL), Tiruchi, will focus more on developing clean fuel, carbon capture and storage technologies in the years to come. “We have made strides in achieving this through development of integrated gasification combined cycle (IGCC) technology,” said Mr A.V. Krishnan, Executive Director of BHEL Tiruchi complex. The public sector power plant equipment major has also developed advanced ultra super critical equipment, aimed for cutting emissions at power units. The first thermal power plant using ... Read More »

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