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Daily Archives: December 24, 2013

Non-availability of subsidy is not the only reason for fall in electric vehicle sales: Ministry

According to reports, the ministry of new and renewable energy (MNRE) has provided financial assistance for the purchase of new battery-operated vehicles (four wheelers and two wheelers) and supported 47,000 vehicles so far. However, no new proposal could be supported due to utilization of budget for liquidating the committed liabilities in the past few years, an official statement said. Several companies have complained of a drop in sales and shutting down of dealerships since sales of electric vehicles (EV) had ... Read More »

Chennai Silks’ wants to expand beyond textile kingdom into renewables

According to reports, for a business family that runs over a dozen companies, including one for inhouse IT needs, generates Rs 2,000 crore in revenues, and has nearly 40,000 employees on its rolls, the Chennai Silks group has for long been identified as a Tamil Nadu-centric saree retailer, battling it out against the likes of Nalli locally. It wants to change that now. The nearly five-decade old family business, managed jointly by eight brothers, now wants to expand beyond home, ... Read More »

IWPA challenges move to buy thermal power

According to reports, the India Wind Power Association (IWPA) has challenged the decision of TN Generation and Distribution Corp­ora­ti­on (Tangedco) to purchase 2,122 MW thermal power on long-term ba­sis overlooking abunda­nt wind power available during monsoon period. According to IWPA chairman K. Kasthu­rir­angaian, the association has appealed to the App­ellate Tribunal for Elec­tricity (APTEL) against the Tamil Nadu Elec­tricity Re­gulatory Com­m­­ission’s order allowing power purchase. “We are not against Ta­ngedco purchasing th­er­mal power on long term basis to meet the ... Read More »

Realities of renewable energy in India

According to reports, recently the Union ministry of new and renewable energy (MNRE) asked the ministry of power (MoP) to make the Renewable Purchase Obligation (RPO) compliance mandatory for states if they want to avail funds for financial restructuring of their utilities. RPOs, put simply, are the minimum percentages of the total power that electricity distribution companies and some large power consumers need to purchase from renewable energy (RE) sources. RPO creates a minimum market for renewables in the absence ... Read More »

Vikram Solar ties up with GermanPV for supplying modules

According to reports, Kolkata-based Vikram Solar has tied up with Germany-based GermanPV for supplying solar modules for grid-connected solar park in the European nation. “Vikram Solar has entered into a tie up with GermanPV, an energy solution company based out of Germany, for the supply of modules required for 2.45 megawatt (MW) grid-connected solar park constructed and commissioned in Germany. The solar park is located at Osterburg in the district of Stendal, in Saxony-Anhalt, Germany. The complete set of solar ... Read More »

Tamil Nadu to light up streets with LED

According to reports, streets in Tamil Nadu are set to glow with LED luminaires as part of a sustainable development programme. Over 10 urban local bodies, including Tiruchi, Thanjavur, Coimbatore, Tuticorin, Erode, Salem, Tirupur, Vellore, Madurai and Tirunelveli, will replace around 2 lakh 40W fluorescent tube lights with LED luminaires. Through the initiative of the local bodies, there will be annual energy savings of around 26,280 MWh, amounting to €17 million (about Rs 144 crore) in 10 years, said an ... Read More »

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