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Daily Archives: September 13, 2012

8 year long GBI and depreciation allowance for renewable energy projects likely in 12th Plan: Abdullah

According to reports, the 12th Plan may include eight-year-long generation-based incentives and depreciation allowance to boost energy from new and renewable sources. This was indicated by Farooq Abdullah, Minister for New and Renewable Energy, at the India Carbon Market Conclave here on Thursday. Abdullah said, “The provision for inclusion of these incentives have been discussed with the Planning Commission and I have requested them to offer these for a larger period of eight years rather than five given during the 11th ... Read More »

Hindustan Zinc, Ambuja Ordered to Pay Fines on failing to meet Renewable Purchase Obligations

According to reports, an Indian court ordered companies including units of billionaire Anil Agarwal’s Vedanta Resources Plc (VED) and Switzerland’s Holcim Ltd. (HOLN) to pay penalties for failing to meet clean-energy obligations at power plants they operate. Two judges of Rajasthan High Court’s Jaipur bench dismissed an appeal by Hindustan Zinc Ltd. (HZ), Ambuja Cements Ltd., Grasim Industries Ltd. (GRASIM) and 14 other companies that challenged a government order to purchase a minimum amount of renewable energy at their plants, according ... Read More »

Load shedding in Tamil Nadu may increase by October as Wind power reduces

According to reports, Tamil Nadu is going through one of its worst ever power crises. Against a normal demand of 10,000MW and a peakhour demand of 12,000MW, the state is able to supply only 7,000MW at present. Hence, about 30% of the state has to go without power at any given point of time. Under compulsion to restrict power cut in Chennai city to just one hour a day, the Tamil Nadu Electricity Board passes on much of the load shedding ... Read More »

Andhra Pradesh to infuse Rs 40.71 billion equity into Genco expansion projects

According to reports, the Andhra Pradesh Government will provide Rs 4,071 crore equity to AP Genco projects coming up at Vijayawada, Kothagudem and Krishnapatnam thermal power stations. Addressing the inaugural session of three-day seminar on “Commercial Aspects Of Managing Power Utilities in Southern States,” M. Sahoo, Principal Secretary, Energy, Andhra Pradesh, said that the State Government is also providing annual subsidy of Rs 5,000 crore to power utilities. He said the State was making efforts to provide satisfactory power supply to ... Read More »

VA Tech Wabag wins Rs 800 million order from Surat Municipal Corporation

According to reports, VA Tech Wabag Ltd has bagged a Rs 80 crore contract from the Surat Municipal Corporation to upgrade a sewage treatment plant. Wabag, a Chennai-based multinational in water treatment and recycling, will upgrade the existing 120 million litres a day sewage treatment plant to handle over 162 million litres. As part of the contract, the company will set up a new 42 million litre a day treatment plant and integrate it with the existing facility. The work includes ... Read More »

Gujarat to tap geothermal energy for power generation

According to reports, after wind and solar power, Gujarat is all set to tap another unconventional source of energy. The state government is planning to explore the feasibility of geothermal energy “We are meeting a delegation from Norwegian government to make a beginning of this untapped resource of energy next wee,” said T Harinarayana, director, Gujarat Energy Research and Management ( GERMI). Officials said that there is a potential to generate electricity through geothermal resources, which are available in plenty in ... Read More »

Bihar-PowerGrid JV likely to better transmission

According to reports, in a major development in the power sector, the state government has agreed in principle to enter into a long-term joint venture (JV) with PowerGrid Corporation of India Limited (PGCIL) in the state transmission utility network. This was decided at a high-level meeting held here on Monday evening which was attended by energy minister Bijendra Prasad Yadav, PGCIL CMD R N Nayak, principal secretary energy Ajay V Nayak, BSEB chairman P K Rai, PGCIL director (projects) I S ... Read More »

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