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Daily Archives: May 29, 2013

Power Minister chairs Consultative Committee for Ministry of Power

The meeting of the Consultative Committee of Members of parliament for the Ministry of Power was held a couple of days ago where Minister of State (I/C) for Power, Jyotiraditya M. Scindia apprised the members of the significant contribution made by Power Grid Corporation of India Limited (POWERGRID) towards development of Indian power sector by undertaking coordinated development of power transmission network along with effective and transparent operation of regional grids and through continuous innovation of in technical and managerial ... Read More »

IFC invests $5 million in NSL Renewable Power

IFC, a member of the World Bank Group, is providing $5 million to an independent green energy producer NSL Renewable Power through compulsorily convertible debentures to support the development of wind and hydropower projects, and expand access to clean energy. IFC’s investment will help NSL Renewable Power double its power generation capacity over the next 18 months. Starting 2015, the project is expected to avoid 300,000 tons of CO2 emissions per year. This second round of financing follows a $20 ... Read More »

Wind energy helps state discoms, no overdrawing from Northern Grid this year

According to reports, after a hard-learnt lesson, the state power department is avoiding over-drawing power from the Northern Grid while meeting the high demand of power this summer. In a rare scenario unlike last year, the state is currently under-drawing from the Northern Grid. Over-drawing was the main reason for the collapse of the Northern Grid last year, after which discom officials including that of Rajasthan were fined. Despite the present severe heat conditions, the frequency at the Northern Grid ... Read More »

Inox Wind May Expand India Manufacturing Plants Next Year

According to reports, Inox Wind Ltd., India’s fourth-largest wind turbine supplier, may spend 1.5 billion rupees ($27 million) to expand capacity at two plants in Gujarat state as it targets greater market share. The company, whose customers include Oil India Ltd. (OINL) and Welspun Energy Ltd., may boost capacity to 800 megawatts from its rotor blade and tower factories in the western India state, from 500 megawatts this year, said Devansh Jain, director of Inox, based in Noida, near New ... Read More »

India, Japan highlight importance of strengthening bilateral energy cooperation

According to reports, India and Japan on Wednesday highlighted the importance of strengthening bilateral energy cooperation between the two countries. In a joint statement issued here after delegation-level talks, Prime Ministers Shinto Abe and Dr. Manmohan Singh expressed satisfaction with the successful outcomes of the 5th and 6th India-JapanEnergy Dialogue and shared the importance of strengthening energy cooperation including in areas of renewable energy and energy conservation, Clean Coal Technologies (CCT), institutional issues as well as transmission and distribution system ... Read More »

Tata Power to add 200-250 MW of solar, wind energy annually

According to reports, Tata Power, India’s largest integrated power utility company has announced that the company has plans to add 30-50 MW of solar power and 150-200 MW of wind energy in India every year as part of its sustainability initiative. The total generation from the solar has touched 49.83 MUs and from wind projects has touched 796 MU’s till 31st March 2013 said Tata Power in a press release and further added Tata Power’s generation through clean sources in ... Read More »

Germany supports China in solar panel trade dispute

According to reports, China’s new Premier Li Keqiang has won Germany’s backing for his country’s campaign against the European Commission’s plans to impose punitive import tariffs on Chinese solar panels and telecommunication equipment. As Li wrapped up in Berlin on his maiden foreign tour, which took him also to India, Pakistan and Switzerland, the German government assured him that it will not support the commission’s efforts to levy tariffs on the Chinese products for violating the EU’s anti-dumping and anti-subsidy ... Read More »

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