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Daily Archives: March 24, 2013

IREDA signs international credit agreement with KfW- Germany and JICA- Japan for promoting renewable energy development in India

The Indian Renewable Energy Development Agency (IREDA) had entered into agreements with Kreditanstalt für Wiederaufbau (KfW), Germany and Japan International Cooperation Agency (JICA) for availing lines of credit of €219.97 million from KfW and JPY 30,000 million from JICA for promoting development of renewable energy in the country during the last three years. The Government is giving various fiscal and financial incentives, such as capital/interest subsidy, accelerated depreciation, concessional excise and customs duties to promote renewable energy sources. Among the ... Read More »

Suzlon to sell $650 mn bonds overseas tomorrow as part of CDR

According to reports, Suzlon Energy, which recast its loans in January, is hitting the overseas bond markets to raise USD 650 million to prepay its forex debts, making it the first domestic company under CDR to do so, according to company and merchant banking sources. The USD 650-million dollar-denominated bonds sale programme, beginning Monday, is necessitated by the fact that the recent Rs 9,500-crore corporate debt restructuring (CDR) did not include the forex loans, a company source with direct knowledge of ... Read More »

Research necessary to reduce cost of solar devices

According to reports, with the rise in the cost of electricity, impetus is being provided for solar energy and other renewable energy systems. However, since the manufacturing cost of solar devices is high, research towards reducing the cost of solar devices is essential, said A Vijayendranath, president of Karnataka Small Scale Industries Association (KASSIA), here on Thursday. He was speaking at an awareness programme on ‘Use of Concentrating Solar Technologies for process heating and cooling applications in industries and other ... Read More »

Policy Watch: What India couldn’t learn from Germany

According to reports, in the last ten years of his life, solar power champion Hermann Scheer, who died on October 14, 2010 at the age of 66, was to revolutionise the very role of non-conventional energy in the world. He was an electrical engineer, but espoused the cause of solar because he was convinced that the clout of the oil and gas industry was more because of politics, not economics or even technology. He was aware of the hundreds of billions ... Read More »

UPNEDA to give Rs 15000 to beneficiaries for solar lighting

According to reports, people who are not yet on the list of BPL survey 2002, and thus not covered under Indira Awas Yojana would get Rs 1.2 lakh for construction of a house. The government has decided to light up these houses through solar lights, and beneficiaries would be given Rs 15,000 for solar lighting. Non-Conventional Energy Development Agency (NEDA) has been roped in for the purpose. NEDA, besides providing 5-year warranty, would also set up a call centre to solve ... Read More »

Powering the hurdles in India

According to reports, the Union Budget 2013-14 proposes to significantly increase budgetary allocation for renewable energy in comparison to the previous year. Still, it falls much below the 12th Five-Year Plan targets for optimum budgetary allocation, utilisation and capacity addition for renewable energy sector. The budget does not take into account the recommendations of the Estimates Committee’s 13th Report with respect to increasing the allocation for the Renewable Energy Ministry to one per cent of the total national budget allocation. Climate ... Read More »

Making the electric grid that much smarter

According to reports, in the late 19th century, two of the leading minds then engaged in the ‘war of currents’ to design the electric grid. The maverick entrepreneur, Thomas Edison, held many patents on the direct current (DC) technology and favoured a grid based on it. Nikola Tesla, a former employee of Edison and an engineer, proposed the alternating current (AC) technology. The DC system was safer than AC — Edison famously demonstrated the dangers of AC by electrocuting a rogue ... Read More »

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