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Daily Archives: September 24, 2012

NuPower Renewables gets Rs.7.5 billion Punjab National Bank funding for Tamil Nadu wind farm

According to reports, NuPower Renewables Ltd , a Mumbai-based wind energy firm, has raised Rs. 750 crore via a 12-year term loan from Punjab National Bank ( PNB ), according to two persons with direct knowledge of the issue but who declined to be named. The firm, jointly promoted by Deepak Kochhar and Mumbai-based Supreme Energy Pvt. Ltd , plans to use the money to implement a 150 megawatts (MW) wind power project in Tamil Nadu and expand its capacity. A ... Read More »

India’s IL&FS Said to Plan Singapore IPO for Wind Power

According to reports, Infrastructure Leasing & Financial Services Ltd., an Indian company whose shareholders include Japan’s Orix Corp. (8591) and Abu Dhabi Investment Authority, is planning an initial public offering of its wind power unit in Singapore, said three people with knowledge of the matter. The company may file an initial application in the fourth quarter and is seeking to do the share sale in 2013, said two of the people, who asked not to be named as the details are ... Read More »

Haryana signs pacts for setting up biomass power projects

According to reports, Haryana Government has signed Memorandum of Understating with four Independent Power Producers for setting up of five biomass power projects of 51 MW capacities with an investment of Rs. 230 crore. Out of these, two projects are likely to be commissioned soon. A spokesman of Renewable Energy Department said that Haryana was one of the leading State in implementing energy conservation programmes. Energy Conservation Fund had been created for execution of energy conservation programmes in the state. He ... Read More »

Veer Energy Buys New Millennium Solar Panels for India Project

According to reports, Veer Energy & Infrastructure Ltd. (JHI), a Mumbai-based wind-power developer, bought solar panels for its first project in India from U.S.-based New Millennium Solar Equipment Corp. Veer plans to install 400 thin-film panels of 58.5 watts each for a rooftop project in the Sanand district of the western Indian state of Gujarat, the company said in a filing today. It will be Veer Energy’s first solar installation. The company, which plans to pursue larger megawatt-sized projects after this ... Read More »

Model solar power house in Mysore

According to reports, at a time when we are facing enough power crises, this is perhaps the best way to make you self-sufficient. Tapping into solar energy, this senior citizen C K Ninan, a resident of T K Layout in Mysore has set up a model unit that generates 4-5 units of electricity a day that is taking care of lighting, fan and television load. Just few days after installation of 1KW capacity of solar panel, this mechanical engineer (rtd) is ... Read More »

Renewable energy trade picks up speed in India

According to reports, Renewable Energy Certificate (REC) trade —  a mechanism to trade renewable energy including solar, wind, biomass and small hydro projects on platforms similar to stock exchanges — is slowly gaining ground in India. REC trade, which began in India in March, has already gained popularity in countries such as Australia and Japan.  REC trade through the Indian Energy Exchange and Power Exchange India Ltd (PXIL) has till date generated R431 crore for the country’s renewable energy producers. One REC ... Read More »

Pune Municipal Corporation to make energy efficiency rules must in new constructions

According to reports, soon, all new constructions in the city will have to pass a test in energy efficiency and will have to provide an ‘energy efficiency certificate’ before seeking completion certificate from the Pune Municipal Corporation (PMC). “The intention is to see that the energy is conserved in the newly-constructed buildings. If measures are taken right at the construction level, it would help meet the goal. The PMC, with other government agencies, have decided to chalk out standards of energy ... Read More »

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