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Daily Archives: January 6, 2013

Green Infra seeks to raise $150 mn in debt, equity

According to reports, renewable energy producer Green Infra Ltd is in advanced talks with investors to raise $150 million (around Rs. 822 crore today) and expects to close the transaction over the next 30 days. The investors will include both local and global investment firms, said managing director and chief executive Shivanand Nimbargi. The money is being raised to fund the firm’s projects as well as expansion plans. “We currently have generation capacity of about 300 megawatts (MW). We need $150 ... Read More »

Tamil Nadu solar bidders adopt take-it-or-leave-it stance

According to reports, the poor response to Tamil Nadu’s solar power purchase tender is having an obvious consequence. The bidders are in no mood to negotiate the tariff at which they will sell electricity to the State’s distribution company TANGEDCO. TANGEDCO, a State-owned company, put out the tender to buy solar power from up to 1,000 MW of capacity which would be set up by developers who win the right to sell power at tariffs discovered through the tender process. Bids ... Read More »

India’s single-biggest solar power tender in Tamil Nadu gets lukewarm response

According to reports, Indian businesses, which rushed eagerly to subscribe to bids under the Centre’s flagship solar power scheme last year, have been lukewarm to Tamil Nadu’s tender for 1,000 megawatts of power, also India’s single-biggest solar tender. The southern Indian state received bids for only a little less than 500 megawatts. Power-starved Tamil Nadu is betting big on solar, with Chief Minister J Jayalalithaa drawing up an ambitious plan to add 3,000 megawatts through this route by 2015. Narasimhan Santhanam, ... Read More »

Use solar power to combat climate change: Nobel laureate

According to reports, the world must go back to harnessing the powers of the sun as it was done at the beginning of human civilisation to deal with global environmental changes, Taiwanese Nobel laureate Yuan Tseh Lee said in Kolkata Sunday. “We must return to sunshine to develop a more harmonious role with nature,” he said. “Once in history we were the children of the sun and were dependent on it for our needs, but we shifted to fossil fuels. We ... Read More »

NLDC gets CERC notice for non-issuance of Renewable Energy Certificates

According to reports, the National Load Despatch Centre (NLDC), New Delhi, has been issued a notice by the Central Electricity Regulatory Commission (CERC) over a petition by Surajbari Windfarm Development Private Limited (SWDPL) challenging non-issuance of renewable energy credit (REC). The SWDPL has approached CERC in December last year after NLDC declined to issue REC for the power the company had generated and injected into the grid during the month of August, 2012. The commission headed by chairperson Pramod Deo admitted ... Read More »

Suzlon Energy gains over 2% on approval of CDR package

According to reports, Suzlon Energy Ltd surged over 2 per cent in morning trade on Friday after ET NOW reported that the wind and power solution provider has finally got the terms and conditions of its corporate debt restructuring (CDR) package approved. At 10:20 am, Suzlon pared some of its morning gains and was trading 0.8 per cent higher at Rs 18.50 in a weak market. It has hit a high of Rs 18.80 and a low of Rs 18.40 in ... Read More »

Karnataka Renewable Energy Development Limited to float tenders to give 130 MW solar power to state electricity distribution companies

According to reports, you might soon get more sun-power. The Karnataka Renewable Energy Development Limited (KREDL) is offering 130 Mega Watt of solar energy to bid for. In an exhibition of power and renewable energy systems ELAsia 2013 held in Bangalore on Thursday, KREDL general manager Vijay Dev announced that, tenders will be floated in two months time. “There is 130MW of solar power in the offing and last time when we bid for 70MW, the lowest price hit at Rs7.94 ... Read More »

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