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Daily Archives: May 26, 2013

Govt plans Rs 430 billion ‘green corridor’ for renewable energy

According to reports, the Government plans to roll out a Rs 43,000-crore ‘green energy corridor’ project to facilitate the flow of renewable energy into the national grid. The blueprint for the project has been submitted to the Power Ministry by Power Grid Corporation of India Ltd (PGCIL). For implementation, the project would be split into intra- and inter-State, said a senior Power Ministry official. The ‘green energy corridor’ is aimed at synchronising electricity produced from renewable sources, such as solar ... Read More »

Solar Energy Corp plans four pilot projects

According to reports, Solar Energy Corporation of India (SECI), a newly formed public sector company, plans to call for bids for four pilot solar thermal power projects, requiring an investment of about Rs 2,555 crore. The projects have been sanctioned viability gap funding (VGF) of Rs 1,020 crore and the bidders who seek the least funding will bag the projects. SECI will throw these projects for international competitive bidding in a year. It is targeting a tariff of Rs 5.83 ... Read More »

Greenko to acquire 300 MW wind turbines from Gamesa

According to reports, renewable energy company Greenko has signed up with Spanish wind turbine company Gamesa for the supply of 300 MW of wind turbines. The Hyderabad-based company, listed on the Alternative Investment Market of the London Stock Exchange, is on course to add 200 MW of additional wind power generation capacity by December to its existing overall capacity of 309 MW. The first 100 MW of turbines from Gamesa are due on site within four months. Anil Chalamalasetty, Chief ... Read More »

Inox Wind says will put up 500 mw; industry consolidation inevitable

According to reports, Inox Wind, part of the $2-billion Inox group, is planning to do 500 Mw of wind power plants this year with 300 Mw orders, worth roughly Rs 1,800 crore, already on its books. The company is the fourth largest wind equipment manufacturer in the country. India’s wind installations dropped 47 per cent in 2012-13 to 1.7 gigawatts of wind capacity after the expiry of government incentives, according to Indian Wind Turbine Manufacturers Association. This happened even as ... Read More »

Tamil Nadu loses 800MW of wind power to poor transmission

According to reports, wind flows in the country’s windiest state, Tamil Nadu, have been at crazy highs over the last week, but thanks to insufficient transmission lines, wind power generated is being blown away. Initially when the wind flows set in this season, power generation from windmills resulted in some respite from power cuts for the state, but the joy now seems short-lived. At a time when every unit of power generated matters to the state, Tamil Nadu lost close ... Read More »

Intelligent design proposed for SmartCity building in Kochi

According to reports, with a name like SmartCity, can we expect anything less? No, not if you go by the proposed design for the first IT building of the project. The five-storey, environment-friendly building has been designed to meet the standards specified for LEED Platinum certification. The intelligent, centrally air-conditioned building will have energy conservation features such as heat reflecting coils. After a review meeting in Kochi on Friday, SmartCity managing director Baju George said the building would only be ... Read More »

Thermax wants its sunny side up

According to reports, Thermax, Pune-based utility major, has a job at hand – It’s working overtime to make its solar business, which it entered 5 years ago, go the profit way by 2014-15. The going has not been exactly easy for it. The company, which had seen its topline and bottomline shrink last year, is looking at a triple digit topline – more than Rs 100 crore, to be a little specific –  over the next two years. “When we ... Read More »

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