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Daily Archives: December 2, 2012

Solar developers go into a huddle to beat anti-dumping scare

According to reports, solar power developers in the country have united to devise a strategy to counter any anti-dumping duty on solar cells and panels imported from China and the US. (Anti-dumping investigations were notified by the Ministry of Commerce on November 28.) With only 40 days to submit a reply, 12 solar power developers participated in a conference call on Friday to discuss means to thwart any anti-dumping duty. Developers decided to activate the dormant Solar Independent Power Producers’ ... Read More »

World Bank to make available $200 million line of credit to IIFCL for lending to solar projects in India

According to reports, World Bank has agreed to make available a $200 million (Rs 1,100 crore) line-of-credit to IIFCL (India Infrastructure Finance Company Ltd) for lending to solar power projects in India. This will pave the way for cheaper loans for solar projects. Confirming this to Business Line, the Chairman and Managing Director of IIFCL, S. K. Goel, said that after the World Bank’s acceptance of the proposal, “we are proceeding with the general terms and conditions.” He expects the ... Read More »

Solar developers see pain points in Tamil Nadu’s 1,000 MW bidding

According to reports, although the mood over the upcoming 1,000 MW programme of the Tamil Nadu Government is palpably upbeat, many prospective investors have pointed out several pain points in the visible contours of the programme. They want these to be addressed before the tender is out. The biggest worry still remains payment security. Tangedco has said payments will be backed by letters of credit. Still, many questions remain unanswered. LCs for what duration? Will the LCs be enforceable? Will they ... Read More »

India Plans to Revive, Raise Wind Farm Subsidy This Year

According to reports, India may reintroduce a subsidy for wind farms by the end of December after its withdrawal contributed to a 40 percent drop in installations, a government official said. The Ministry of New and Renewable Energy also plans to increase the subsidy by 60 percent and allow more wind projects to claim it, Dilip Nigam, the ministry’s director of wind policy, said in an interview yesterday in Chennai. The incentive had helped annual installations in the world’s third-biggest wind ... Read More »

Solar energy use in Lucknow reduces government electricity bill by Rs 7.42 lakh

According to reports, use of solar appliances has helped in reducing government’s electricity bills by Rs 7.42 lakhs. This became possible after solar appliances helped in generating an average of 1.83 lakh units of power every month for Lal Bahadur Shastri Bhavan which is better known as the state annexe. The development has given officials in the power starved state a reason to smile. There are some 20 government buildings in the state that consume volumes of power each day to ... Read More »

ExxonMobil to develop gear oil for wind turbines

According to reports, ExxonMobil Lubricants and Specialities is in the process of developing more advanced gear oil for wind turbines. The company announced that its flagship Mobilgear SHC XMP 320 gear oil is now being used to protect more than 40,000 wind turbine gearboxes worldwide. According to Shankar Karnik, Asia Pacific Mobil SHC Brand Manager, this oil exceeds the performance of conventional, mineral-based oils by extending the interval between oil changes from 18 months to three years or even more. The ... Read More »

Power Minister seeks Rs 36,000 cr for rural electrification

According to reports, determined to meet the target of providing electricity to all households by 2017, Power Minister Jyotiraditya Scindia today said he has requested the Finance Minister to allocate Rs 36,000 crore under the 12th Five Year Plan for a flagship rural electricity programme. Replying to queries during the Question Hour, Scindia said the government will provide power to 5,74,000 households in the next five years under the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY). “I have requested the Finance Minister to allocate Rs 36,000 crore for RGGVY to meet this target of providing ... Read More »

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