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Daily Archives: March 7, 2013

Suzlon Convertibles Slump as Rescue Threatened

According to reports, the convertible bonds of Suzlon Energy Ltd. (SUEL), the Indian wind-turbine maker that defaulted last year, are falling from a five-month high as a cash squeeze threatens its efforts to reorganize debt. The company’s 5 percent equity-linked dollar securities due April 2016 slid 8.3 percent from a Feb. 6 peak to 50 cents on the dollar, prices from Jefferies Group Inc. show. Offshore Asian fixed-income notes that can be exchanged for shares lost 0.3 percent in the past ... Read More »

Karnataka begins tendering process for 130 MW solar projects

According to reports, Karnataka is the latest state to release an RfP for allocation of projects totaling 130 MW. Karnataka follows Tamil Nadu, Andhra Pradesh, Rajasthan, Bihar and Odhisha in releasing an RfP. Unlike most of the recent tenders, Karnataka has not opted for L1 process for project allocation. Instead, it will be similar to the reverse bidding conducted under the JNNSM Phase 1. The benchmark tariff as notified by the Karnataka Electricity Regulatory Commission(KERC) are as follows. Solar PV – Rs. 14.50/kWh Solar Thermal – Rs. 11.35/kWh. ... Read More »

Cochin International Airport goes ‘solar’

According to reports, Cochin International Airport Ltd’s initiative to utilise solar power will take off shortly. Installation of 400 solar panels have been completed and the project is in the final stages. CIAL has submitted the documents to the Kerala State Electrical Inspectorate for approval. On getting approval, energy production will commence and CIAL will be able to use solar energy. The Rs 98 lakh project is being executed by Vikram Solar P Ltd, Kolkata, who supplied the panels and are ... Read More »

Wind power association seeks support for small-scale investors

According to reports, the Indian Wind Power Association has appealed to the Union Government to extend the investment allowance, announced in the Union Budget this year, to micro, small and medium-scale wind energy projects that are less than Rs. 100 crore. Association president K. Kasthurirangaian has said in a release that the minimum investment ceiling of Rs. 100 crore should be removed so that all the wind mill investors benefited from the scheme. Similarly, allocation of funds to the Indian Renewable ... Read More »

First carbon credits for Okhla plant

According to reports, South Delhi Municipal Corporation’s composting plant in Okhla has become the first to get carbon credits from United Nations Framework Convention on Climate Change in the country. The civic agency has been given an advance of Rs 25 lakh against net Carbon Emission Reduction (CER) earning from the plant. The plant was made operational in 2008 and since then close to two lakh tonnes of waste has been processed. Officials say the in near future the quantity of ... Read More »

15 railway stations on green track, to be solar powered

According to reports, Vadodara railway division is launching new green initiatives. After Ode railway station in Anand district became the first railway station to switch over to solar power, the division decided to turn 15 small and medium level railway stations falling under it also into solar powered stations. The railway division already has received the distinction of being the first such old railway division office building in the country to receive the BEE 5-star rating from the Bureau of Energy Efficiency ... Read More »

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