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Daily Archives: May 3, 2013

Uttar Pradesh seeks private investment for 200 MW solar power

According to reports, the Uttar Pradesh government has decided to attract private investment in the solar power generation sector by offering competitive tariff to those willing to establish such plants in 13 months’ time, with the condition to directly sell power generated to UP Power Corporation Ltd for 10 years. New and Renewable Energy Development Agency (NEDA) has been given the task to take up “tariff-based competitive bidding” for purchase of 200 MW power from solar photovoltaic projects to be established ... Read More »

Kerala State Electricity Board told to promote solar energy

According to reports, Kerala State Electricity Regulatory Commission has directed the State Electricity Board (KSEB) to provide an enabling environment for promoting solar power in the State. “KSEB and other licensees in the State should support the individual initiatives for development of solar electricity,” the regulator said in its order issued on Tuesday. The State government has published the draft of a Kerala Solar Energy Policy, 2013, it reminded KSEB and other licensees. “Solar electricity generation is expected to receive a ... Read More »

Government recommends bank credit to viable renewable energy sector projects

The banks are providing loans to renewable energy projects in the country. Reserve Bank of India (RBI) has informed that they maintain data on the power sector as a whole which includes renewable energy projects. Banks’ outstanding credit exposure to power sector at the end of March 2012 was Rs. 3289 billion. Banks’ outstanding credit exposure to power sector as on March 2009, 2010 and 2011 were Rs. 1244 billion, Rs. 1878 billion and Rs. 2692 billion respectively. However, separate ... Read More »

Green Cess on Industry in Maharashtra funds renewable energy

As per available information, the state of Maharashtra has imposed cess of 8 paise per unit from 1st May 2008 on the sale of electricity to commercial and industrial consumers. The cess is to be used for executing schemes of generation of renewable energy. The Electricity Act 2003 and Tariff Policy 2006 provide enabling framework for renewable energy projects in the country. Government of India has also been providing fiscal and financial incentives for renewable energy sources based power generation ... Read More »

P2 Solar Establishes Operating Company to Secure Projects in India

P2 Solar, Inc. (the “Company” or “P2”)  today announced it has formed a wholly owned subsidiary in India called Jagat Energy Private Limited. Creating Jagat Energy was a necessary step for P2 Solar to become a player in the rapidly growing Energy markets in India. This allows P2 to comply with certain local government and corporate requirements that normally preclude foreign participation. Bali Randhawa, COO of P2, said “This creates an efficient legal and tax structure for us and is ... Read More »

Young innovators design wind energy generators

According to reports, former space scientist to hold science competition for children in the first week of June.If you are a middle or high school student wondering how to spend time this summer, here is an creative project that requires applying classroom physics to address a real time issue. A competition is to be held in the first week of June where kids in the age group of 10-15 years can design and showcase wind energy generators. The idea is ... Read More »

USD 4 million project launched to promote clean energy among SMEs in India

According to reports, the MSME Ministry today launched a USD 4-million project in association with Global Environment Facility to promote energy efficiency and renewable energy among small and medium enterprises. “Of the total funding, the ministry will provide USD 3 million and grant of USD 1 million will come from the GEF for a period of three years to help small units to use clean energy and become energy efficient,” MSME Secretary Madhav Lal said at a Ficci function here. ... Read More »

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