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Daily Archives: December 16, 2013

NSL Power to invest $45 mn to set up windfarms in Maharashtra

According to reports, NSL Power, which plans to invest $45 million to set up new wind farms in Maharashtra, is planning to raise around $15.75 million from the International Finance Corporation. NSL Renewable Power Private Limited is the ‘Sponsor’ for Jath Wind Energy Private Limited. IFC is an equity holder in the Sponsor, holding 7.9% on a fully diluted basis. According to company’s project disclosure, NSL Power is planning to set up a 40MW wind power plant in Vaspet, Sangli ... Read More »

‘Green Energy Corridor’ projects get international aid

According to reports, working to setting up commercial cooperation in renewable energy with developed and developing countries, the Ministry of New and Renewable Energy (MNRE) has firmed up international cooperation agreements with Germany and United States to establish “Green Energy Corridors” in the country. Officials in the MNRE said the Ministry had been interacting with several developed and developing countries for cooperation in the renewable energy sector with a view to establish commercial cooperation for supplies of indigenously manufactured renewable ... Read More »

Solar power system to be installed in Odisha police stations

According to reports, solar power system will soon be installed in police stations in Odisha, where supply of electricity is important for implementation of the much talked about Crime and Criminal Tracking Network and System (CCTNS). “We have entered into an agreement with state-owned Odisha Renewal Energy Development Agency (OREDA) for installation of solar power system in some police stations,” Director of State Crime Records Bureau (SCRB), M Akhaya, said. As many as 161 police stations have been selected for ... Read More »

Germany woos Indian investors

According to reports, to attract Indian investments into eastern part of Germany, the German government is targeting SMEs and other investors from India apart from offering help to build green corridors in the country. “We have signed an MoU with India for a privilege loan of 1 billion euros to set up green corridors in the field of renewable energy,” Dr Stefan Weckbach, Con-sul General of the Fede-ral Republic of Germany, told this correspondent. Weckbach said that about 250 million ... Read More »

A Solar Sunrise in India

According to reports, policymaking in India is more often than not credited for its high nuisance value, rather than for positively aiding growth. Whether oil & gas, power, mining or any other core sector of the economy, government policy has frequently hampered rather than assisted the positive development of these industries. There is however one segment of the renewable energy space – solar power, that’s vastly benefitted from concerted government action in the past few years that is paying off ... Read More »

Master plan finalised to develop 36 cities as solar cities

According to reports, the government today said it has finalised the master plan to develop 36 cities as solar or green cities. The Ministry of New and Renewable Energy has been implementing a programme on “Development of Solar Cities” under which a total of 60 cities and towns are proposed to be supported for development as “Solar or green cities”. “So far, in principle approval has been accorded to 55 cities of which 45 cities have been sanctioned. Out of ... Read More »

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