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Daily Archives: February 5, 2017

More talk, less work on Smart City project today: Azim Premji

According to reports, over the last few years, Azim Premji, chairman of Wipro has increased focus on education and environment. The Wipro Earthian award, which was launched in 2011 and engages with nearly 50000 institutes today, recognises sustainability education across various schools and colleges in India. Premji interacted with students on Saturday to share his views. Edited excerpts: We see very rapid changes in today’s time. Do you expect the momentum to continue? There are changes in society, businesses, global ... Read More »

Tamil Nadu to get 500 Megawatt solar power plants at Rs 2,170 crore

According to reports, NLC India Limited has proposed to set up solar power plants at the cost of 2,170 crore with a total capacity of 500 Megawatt in various parts of Tamil Nadu. The company has floated tenders and received quotations from different firms for setting up of the plants with capacity not less than 50MW each. Power generated from the proposed solar plants will be fed to Tamil Nadu power generation and distribution corporation (Tangedco). The company has already ... Read More »

Powerlooms to get subsidy for shift to solar mode

According to reports, Government has approved a new scheme to provide financial assistance in the form of capital subsidy to small powerloom units for installation of solar photovoltaic (SPV) plants. The scheme aims to alleviate the problem of power cuts faced by the decentralised powerloom units in the country. “The funds requirement for the three years (2017-18, 2018-19 and 2019-2020) would be Rs 19.95 crore covering 480 powerloom units,” Union Textiles Minister Smriti Irani said in a written reply in the ... Read More »

Abraaj Cap, Engie to set up $1 bn wind power JV: Sources

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From Suzlon’s Tulsi Tanti to Tata Power’s Anil Sardana, renewables industry wanted much more from Budget 2017

According to reports, the cuts in import taxes in the Budget for renewable energy equipment might not suffice to increase the competitiveness of domestic manufacturing, industry players feel. Strengthening of the renewable purchase obligation on the state power distribution companies and a mechanism to ensure timely payment by the discoms would have helped, they say. While Tulsi Tanti, the chairman and managing director of Suzlon Group, attributed the tax reliefs as “a much needed progressive moves”, he added that the ... Read More »

Renewables: the future is here

According to reports,  we are on the cusp of a green energy revolution. Solar power is already cheaper than coal in most parts of the world and it’s likely to be the cheapest form of energy everywhere by the end of the decade. 2016 saw solar bids starting with $64 (around Rs4,300) per MWh in Rajasthan in the first quarter and crashing to $29.10 per MWh in Chile by August. Services in the city of Las Vegas are now powered ... Read More »

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