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Daily Archives: May 1, 2012

IFC To Lend $14M To Abengoa’s Indian arm Inabensa

According to reports, International Finance Corp (IFC) is part funding a steel fabrication plant being built in India by Spanish infrastructure conglomerate Abengoa S.A. Abengoa’s Indian arm Inabensa Bharat Pvt Ltd is setting up the plant which is expected to cost around Rs 100.2 crore (~$20 million). IFC will lend around $14 million for the project. The greenfield project is to construct a steel fabrication plant near Vadodara in the state of Gujarat, with an annual capacity of 25,000 tons. ... Read More »

IFC to support 5MW of solar rooftop projects each in five Gujarat cities

IFC, a member of the World Bank Group, is supporting the Indian state of Gujarat to replicate in five cities a rooftop solar project first completed in Gandhinagar, improving access to power and reducing air pollution from the burning of wood and fossil fuels. The two pilot projects of 2.5 megawatt each demonstrated the viability of generating solar power through a grid-interactive system on rooftops, and will serve as a model for roll-out across the cities of Bhavnagar, Mehsana, Rajkot, ... Read More »

Azure Power to set up rooftop solar power project in Gujarat

According to reports, two days after the Chief Minister, Mr Narendra Modi, mooted a rooftop solar power generation policy, Azure Power, an independent power producer in the solar energy sector, has announced plans to develop India’s first megawatt (MW) scale rooftop project in the Gujarat capital. The company would set up a 2.5 MW plant at an investment of Rs 25 crore. To be set up under the Gandhinagar Photovoltaic Rooftop Program (GPRP), this would be the first project of ... Read More »

Tamil Nadu hikes transmission charges- likely to impact REC market

According to reports, the Tamil Nadu Electricity Regulatory Commission has recently permitted the state transmission utility to hike transmission charges, practically tripling them. This is likely to have a big effect on REC market, and consequently, on the investments into the State, experts say. The state has hiked long term open access transmission charges from Rs 2,781 per MW a day to Rs 6,483; and short-term open access transmission charges from Rs 28.96 per MWh to Rs 270.11— nearly ten ... Read More »

Orient Green sells 21,000 Renewable Energy Certificates

According to reports, the renewables industry received a pleasant surprise last week when 71,326 ‘renewable energy certificates’ were traded on the two exchanges, IEX (62,277) and PXIL (8,949). That volume in the very first month of the financial year was encouraging. But a major seller was only one company, Orient Green Power Ltd, which sold 20,939 REC in the market, worth about Rs 4.5 crore. Orient Green Power of the Chennai-based Shriram Group, has substantial wind and biomass capacities in ... Read More »

India nears 100MW of rooftop solar capacity

According to reports, India has 98.05 MW of rooftop solar capacity coming up. Jharkhand tops the list of States with rooftop solar capacity with 16 MW under its belt. Rajasthan follows it with 12 MW and Andhra Pradesh has 10.5 MW. Of the 98.05-MW spread across 78 projects, 58.05 MW has been commissioned, while the rest are under way. This was disclosed in Parliament by the Union Minister for New and Renewable Energy, Mr Farooq Abdullah, last week. Eleven more ... Read More »

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