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Daily Archives: December 22, 2013

India needs $13 billion investment to meet solar power target: World Bank

According to reports, India requires investment of over $13 billion in the next three years to meet the target of adding 9,000 MW of solar power in the second phase of the Jawaharlal Nehru National Solar Mission, the World Bank said. In a report titled `Paving the Way for a Transformational Future: Lessons from JNNSM Phase I,’ the World Bank said the investment needs to come largely from scheduled commercial banks. “Investments to the tune of over $13 billion are ... Read More »

Solar power plant for sadar hospital

According to reports, there is good news for Daltonganj sadar hospital that has been suffering from frequent bouts of power failure. The government hospital, which started functioning from a new building recently, will soon be fitted with a 37-kilowatt solar power plant. Though the hospital has been provided with a transformer as part of the Integrated Action Plan (IAP), it is not enough to meet the power needs of the health centre. Palamu DC Manoj Kumar said the solar plant ... Read More »

World Bank keen to finance solar projects in India

According to reports, the World Bank has launched consultations with the ministries of finance and new and renewable energy for financing solar projects under phase II of the National Solar Mission. “The World Bank is really impressed with the performance of phase I of the National Solar Mission wherein, the installed capacity has risen to 2,000 Mw from 30 Mw. The World Bank was engaged with the ministry of new and renewable energy during phase I in working out the ... Read More »

Tatas and Ambanis showed interest in methanol economy: G K Suryaprakash

According to reports, even as Indian policymakers explored options to reduce ballooning fuel bills that were raising the country’s current account deficit and exchange rates, scientist G K Suryaprakash was busy completing his award-winning work, which, if pursued seriously, could resolve the globe’s energy issues. In November, India-born Suryaprakash, who teaches at the University of Southern California, Dornsife, was awarded the $1-million Eric and Sheila Samson Prime Minister’s Prize for Innovation in Alternative Fuels for Transportation. He shared it with ... Read More »

Incentives for installing solar energy systems

According to reports, installation of rooftop solar energy systems is expected to get a boost as the Tamil Nadu Generation and Distribution Corporation (Tangedco) will soon start implementing the Generation-Based Incentive Scheme announced in the Tamil Nadu Solar Energy Policy. The scheme envisages installation of 50MW under it. Domestic consumers will get Rs. 2 a unit for solar energy supplied to the grid during the first two years. An official of the Tangedco here told The Hindu that suggestions were ... Read More »

IFC-backed Policy to Focus on Solar, Small Hydro Power

According to reports, the International Finance Corporation (IFC) has offered to support the State Government in formulation of  State-specific renewable energy policy with focus on solar and small hydro power. The IFC, a member of the World Bank Group, has also extended support in formulating regulation for an accounting framework for small grid-connected renewable energy. The international funding agency will facilitate private sector transaction leading to investments in renewable energy to achieve energy efficiency, programme manager of IFC Investment Climate ... Read More »

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