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Daily Archives: April 27, 2012

Suzlon bags 50.4MW wind power project from UK’s Eoxis

According to reports, wind turbine maker Suzlon Group today said it has bagged a contract to set up a wind power project in Rajasthan from UK-based Eoxis group. “Suzlon has signed a contract for a 50.4 MW wind power project with the Indian subsidiary of Eoxis which is backed by Platina Energy Partners,” a company statement said. The project will be set up in Rajasthan and is scheduled to be commissioned by January, 2013. Suzlon will execute the contract under its ... Read More »

Power Ministry to notify short-term power purchase norms next month

According to reports, looking to bring in more transparency, the Power Ministry is expected to introduce competitive bidding guidelines for short-term procurement of electricity next month. The guidelines, prepared after consultations with stakeholders, would be applicable for power being procured for a period of less than one year. “We are almost ready with the competitive bidding guidelines for short term power procurement. We expect to notify the same in May,” a senior Power Ministry official said. The new norms would help ... Read More »

Madurai corporation to take green energy route for power generation

According to reports, with the state reeling under a severe power crunch, the Madurai Corporation has started focusing on energy generation from alternate measures such as solar and bio-ethanol. During the council meeting held on Wednesday, a resolution was passed to call tenders from eligible companies to set up solar projects in the corporation under the Public Private Partnership (PPP). The resolution stated that power supply for corporation needs like pumping stations and taxation centres had significantly gone up after the ... Read More »

India invokes special powers under Electricity Act to enable open access

According to reports, the government has invoked special powers under the Electricity Act and directed the central and state regulators to implement a long-pending reform to allow industrial consumers to buy cheaper power from the open market. The move will help 15,000 large consumers particularly the sick textile, cement and steel industrial units in states like Punjab and Tamil Nadu by ensuring regular supply of electricity at competitive rates and boost business of power bourses and 52 power traders including NTPC, ... Read More »

Suzlon Plans to Raise as Much as $500 Million, Sell Bonds

According to reports, Suzlon Energy Ltd. (SUEL) plans to raise as much as $500 million, including through a bond sale, to meet debt payments in June, its finance chief said. India’s biggest wind turbine maker began talks with “large, international banks” four weeks ago about selling high-yield bonds, Chief Financial Officer Kirti Vagadia said today in a phone interview. “All our overseas subsidiaries are practically unleveraged,” said Vagadia, who replaced former CFO Robin Banerjee last month. “We want to raise funds ... Read More »

J&K sets up 6 masts for wind power study

According to reports, the Jammu and Kashmir Energy Development Agency has installed six wind masts at six locations to carry out a preliminary study for wind power potential and feasibility, JKEDA officials said. The study will be conducted for two years. The masts were installed during 2011 at at Pir Ki Gali in Poonch district, Ladadhar-Patnitop in Ramban district, Gulmargh and Parishpora areas in Baramulla district, Sonamargh and Kangan-Mamar area in Ganderbal district. The criteria for developing a wind farm is ... Read More »

India and Brazil to drive the global wind energy capacity addition

According to reports, The global wind industry will install more than 46 giga watt of new wind energy capacity in 2012 according to a five-year industry forecast published by the Global Wind Energy Council (GWEC). By the end of 2016, total global wind power capacity will be just under 500 GW, with an annual market in that year of about 60 GW, the report said. Overall, GWEC projects average annual market growth rates of about 8% for the next five years, ... Read More »

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