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Daily Archives: April 17, 2012

Lanco Infra completes 56 MW grid connected solar photovoltaic power plants in Gujarat

According to reports, Lanco Infratech subsidiary Lanco Solar announced the completion of 56 mw grid connected  solar photovoltaic power plants in Gujarat. It includes three plants of 35 MW owned by Lanco Infra and additional 21 MW built as turnkey EPC for  Gujarat Power Corporation Ltd (GPCL), GSPC Pipavav Power Company Ltd, GHI Energy and Gujarat State Electricity Corporation. These Power Plants will generate upto 90 million units of green electricity annually resulting in reduction of CO2 emissions by 85757 ... Read More »

Modi to dedicate 600 MW solar power projects to the nation on Thursday

According to reports, Gujarat is set to emerge as India’s largest solar power destination as the Chief Minister, Mr Narendra Modi, dedicates 600 MW solar power projects to the nation on Thursday. Currently, India’s total solar power production is nearly 900 MW, two-thirds of which will be produced by Gujarat alone. On Thursday, Mr Modi will launch India’s first Solar Power Park with power generation capacity of 500 MW in 3,000 acres at village Charanka, Randhanpur taluka, in Patan district. ... Read More »

Greenlight Planet Raises $4Mn From Bamboo Finance, P.K Sinha

According to reports, Greenlight Planet has raised $4Mn from Bamboo Finance and  P. K Sinha, Co-Founder of ZS Associates. With this investment, Keith Allman from Bamboo Finance will join Greenlight’s board. The investment will be used to expand Greenlight’s model in India, grow its global partnerships, and to innovate the next generation of high-quality, low-cost energy products specifically designed for rural consumers. Founded by Mayank Sekhsaria, Anish Thakkar, and T. Patrick Walsh, Greenlight Planet designs and distributes solar-powered lanterns to ... Read More »

Japanese team to help ramp up grid network in Tamil Nadu

According to reports, Tamil Nadu has more hope for an improved power supply network, with a technical team from Japan International Cooperation Agency (JICA) visiting Chennai soon to help the Tamil Nadu Transmission Corporation (TANTRANSCO) enhance its operations. Besides offering financial support to set up power transmission lines, the team of experts will offer technical guidance to the Corporation. Finance Minister O. Panneerselvam, while presenting the budget last month, stated that it was programmed to strengthen the transmission network at ... Read More »

IFC May Invest $5Mn In Infuse Capital

According to reports, IFC may invest upto $5Mn in Infuse Capital – an incubation and early stage fund aimed at seeding and supporting scalable ventures in India through equity investment up to US $1.5Mn per venture. Infuse is housed at Indian Institute of Management Ahmedabad’s business incubator – the Centre for Innovation Incubation and Entrepreneurship (“CIIE”) – and currently backed by BP Ventures (BP’s corporate venturing arm) and Government of India’s Ministry of New and Renewable Energy (MNRE) & Technology ... Read More »

Neyveli Lignite Corp plans to add 75 MW more through wind, solar energy

According to reports, state-run Neyveli Lignite Corporation (NLC) plans to add an additional 75 MW through wind and solar energy which would be allocated to Tamil Nadu that is facing acute power shortage. NLC aims to achieve this during the financial year 2012-13.Last week, NLC Chairman and Managing Director AR Ansari had said the power allocation to states was done based on the guidelines issued by the Central Electricity Authority, Ministry of Power. He had said commercial generation of power ... Read More »

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