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Daily Archives: September 9, 2012

IFC To Invest $19 Million In NSL Wind

According to reports, IFC is considering to provide loan of $ 19 Mn in NSL Renewable Power’ subsidiary NSL Wind Power Company Satara Private Limited to part finance the project. NSL Renewable Power intends to set up a wind power project of 75 MW in Chilarwadi village of Man Tehsil, Satara District of Maharashtra through a subsidiary NSL Wind Power. The Project will be implemented in two phases with 25.5 Mw to be implemented in the first phase. Construction period for ... Read More »

ITC to invest Rs 1 billion in renewable energy

According to reports, in a bid to reduce its dependence on fossil fuel, FMCG major ITC Ltd plans to invest Rs 100 crore in renewables over the next two years. Renewable energy, which currently accounts for about 38 per cent of ITC’s total consumption, is estimated to meet up to 50 per cent of its total energy requirement in the next five years. The company has installed close to 70 MW of wind power projects across India and a 90 tonne-per-hour ... Read More »

Taiwanese co BenQ Solar keen to enter Indian market

According to reports, Taiwan-based integrated solar photovoltaic cell manufacturer, AU Optronics, is keen to enter into the Indian market, and is looking for local partners to work with. The company sells solar products under the brand name ‘BenQ’. The offered solar solutions are expected to be available for the Indian market in the fourth quarter of this year, James C.P. Chen, Vice-President and General Manager, Solar Business Group, AU Optronics, told Business Line recently. BenQ is looking for partners in India, ... Read More »

Tamil Nadu wind power generators get a boost

According to reports, wind power generators in Tamil Nadu received a booster dose today as the State’s electricity regulatory commission announced revision of the ‘average pooled purchase cost’ to Rs 2.54 a unit. This is a 7.17 per cent hike over the previous ‘average pooled purchase price’ (APPC) of Rs 2.39 a unit, which ceases from today. In its order today, the Tamil Nadu Electricity Regulatory Commission (TNERC) said that the new APPC of Rs 2.54 a unit would “remain ... Read More »

Mandatory solar heater clause can save Rs 1 billion annually in Andhra Pradesh

According to reports, the state government had made it mandatory for hotels, hospitals, guest houses, lodges etc., to use solar water heaters by a government order in 2004. The order was withdrawn in 2008. However, as per a study by energy auditors, Rs 100 crore can be saved each year just by renewing the order and making the clause mandatory. The AP Electricity Regulatory Commission, in March this year, had issued regulations imposing mandatory purchase of renewable energy on the AP ... Read More »

Solar energy to illuminate 20 RWA offices in New Delhi

According to reports, at least 20 resident welfare offices in the New Delhi district will soon be powered by the sun. A proposal has been approved for a pilot project under which porta cabins provided by the government to RWAs for office use will have rooftop solar panels. The initial planned solar capacity is 20 kW and is expected to be increased as more areas will be brought under the ambit of the project. A list of 20 locations has been ... Read More »

Solar powered green house scheme in Karur district, Tamil Nadu gets the top billing

According to reports, Chief Minister’s Solar Powered Green House Scheme gets the top billing in development activities in the district. It has been planned to construct 1,033 green houses under the scheme in the current year in the district for which Rs.15.50 crore has been allotted. Stating that all those below the poverty line are eligible to benefit under the State government’s flagship programme, Collector V. Shobana says that for 2011-12, a total of 1,043 green houses were sanctioned and Rs.15.65 ... Read More »

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