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Daily Archives: May 1, 2013

Solar power producers oppose any anti-dumping duty on imported gears

According to reports, ten solar power producers, including Jackson Ltd, Vikram Solar, Symphony Vyapar Pvt Ltd and Lexicon Vanijya Pvt Ltd have written to the ministry of new and renewable energy ( MNRE) saying imposition of anti-dumping duty on solar imports will severely affect the fledgling Indian solar industry. Producers and equipment manufacturers have been at loggerheads since the latter filed an anti-dumping case against China, the US, Taiwan and Malaysia last year for imported solar panels. Producers have called a ... Read More »

Renewable energy sector draws $500 m investments this year

According to reports, the renewable energy sector in India, led by the wind energy segment, is seeing a rebound in investment with around five deals worth $500 million (approximately Rs3,000 crore) being sealed in 2013. In contrast, there has not been a single deal in the conventional energy segment. “Investors are shying away from conventional energy due to policy uncertainties and lack of fuel linkage. While the government has been flat-footed on thermal energy, it is encouraging renewable energy, making the ... Read More »

India- US cooperation in solar energy development

There are various ongoing cooperation activities with United States in developing solar energy sector in India. These include a Joint Working Group on New Technologies & Renewable Energy set up under the India-US Energy Dialogue initiated in May 2005 interacts regularly for development of various new and renewable energy technologies including solar. Also activities relating to improvement in “Solar Resource Mapping of India” and “Reliability testing of photovoltaic modules” were initiated under an MoU on technical cooperation in the field ... Read More »

ADB makes first equity investment in Indian renewable energy firm

According to reports, the Asian Development Bank on Wednesday announced its first equity investment in India’s private sector renewable power generation. The Philippines-based bank has decided to invest $30 million in Hyderabad-based NSL Renewable Power Private Ltd. ADB did not divulge the percentage of stake it is buying in the firm. NSL Renewable has a book value of Rs 525 crore as on March 31. The investment is also ADB’s first private sector assistance to India’s hydropower sector. The bank, with ... Read More »

Government of India targets to facilitate procurement of 3000 MW of solar power in Phase II of Solar Mission

Under the local procurement conditions stipulated for solar photovoltaic (SPV) power projects allotted under Jawaharlal Nehru National Solar Mission Phase-I specific scheme implemented through NVVN, it was made mandatory for projects based on crystalline silicon technology to use modules manufactured in India in case of projects selected in batch-1 during FY 2010-11 and to use both cells and modules manufactured in India in case of projects selected in batch-2 during FY 2011-12. No such restriction was imposed in case of ... Read More »

TN to strengthen power infrastructure with Japanese aid

According to reports, electricity transmission and distribution infrastructure in Tamil Nadu will be strengthened at a cost of Rs 8,000 crore with 56 more sub-stations being set up this year, Chief Minister J. Jayalalithaa announced in the Assembly today. The sub-stations will improve the quality of power in Chennai, industrial hubs in the State and south Tamil Nadu. Wind power evacuation capacity will also be increased. She also said the State will enter into long-term, 15-year power purchase agreements through the ... Read More »

Power shortage prompts a Ganesha temple to rely on solar energy

According to reports, to overcome a chronic power shortage, a Ganesha Temple at Coimbatore has set up solar panels to generate its own power. A priest at the temple, Shivasri Vagesha told that they decided to use solar energy for sustaining the regular activities in the temple. ” The electricity generated is useful for all parts of the temple and used for all the appliances such as tube lights, focus lights and fans. This is the first temple that runs on ... Read More »

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