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Daily Archives: July 14, 2015

Ministry moots National Renewable Energy Fund

According to reports, the proposed Renewable Energy Act has mooted the idea of creating a National Renewable Energy Fund (NREF) to support the development of renewable energy in India. The draft of the Act, now put up for public comments, says that the “initial corpus and regular income to the Fund” would come from the National Clean Energy Fund. It says that a certain percentage of the National Clean Energy Fund should come annually to the proposed NREF. The National ... Read More »

Climate, clean energy most critical area uniting U.S. and India: Envoy

According to reports, climate and promotion of the use of clean energy are the most critical areas uniting the United States and India, said Ambassador Richard Verma on Monday. “We are committed to sharing our experiences, our technology, and our financing possibilities to help India meet its aggressive renewable targets, to combat air pollution and to lessen the impact of temperature increases upon India,” the envoy said while addressing students and faculty of IIT-Madras. “We have brought billions to the ... Read More »

Shocking power bills? Go solar

According to reports, the blazing sun may be a great way to save on your electricity bill. True, in an apartment building, the roof space — and thus the potential generation — available to each home is limited. But installing solar devices here to generate power for the common area may be worth it, given that costs are falling. One reason why many home-owners associations want to put up solar power is the increasing price of electricity. “Power is already ... Read More »

Andhra Pradesh govt to set up ‘Energy University’

According to reports, with cooperation and support of Centre, the Andhra Pradesh government is going to establish an ‘Energy University’ with focus on research orientation and development of energy efficiency, energy conservation, renewable sources. Initially, the ‘Energy University’ will offer post graduate, PhD and research application courses, an official release said today. The funding for the proposed ‘Energy University’ will be borne by AP government and power utilities, public sector undertakings such as NTPC, PGCIL, PFC, REC etc, top level ... Read More »

Consumers paying for congestion in power supply network

According to reports, the congestion in the power network of the country owing to demand supply mismanagement has cost dear to consumers and utilities alike. In past 3 years, power consumers across the country paid Rs 2,996 crore as additional cost to source power due to lack of network. Also, congestion has accumulated in 5 regional grids to around 80 per cent of the supply time, hurting electricity availability and revenues. In a calculation done by the Indian Energy Exchange ... Read More »

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