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Daily Archives: February 20, 2017

LNJ Bhilwara Group appoints Yes Bank for wind energy portfolio sale

According to reports, in an indication of growing consolidation in the Indian wind energy sector, Ravi Jhunjhunwala’s LNJ Bhilwara Group has put up its wind energy portfolio for sale and hired Yes Bank Ltd to run the process. According to the 2015-16 annual report of Bhilwara Energy Ltd (BEL), the holding company for the group’s power businesses, the company has a wind power project portfolio of 103.5 megawatts (MW). “LNJ Bhilwara Group plans to sell its entire wind project portfolio ... Read More »

NIIF to raise Rs 8,000 cr in FY18,fund projects of Rs 16,000cr

According to reports, the National Investment and Infrastructure Fund (NIIF) plans to raise Rs 8,000 crore from various sources to fund projects worth Rs 16,000 crore for the next fiscal. The government has allocated Rs 1,000 crore budgetary support to NIIF which will be leveraged to raise Rs 8,000 crore from strategic anchor partners, namely multilateral and bilateral institutions, sovereign wealth funds, pension funds and domestic public sector enterprises, according to Output Outcome Framework for Schemes 2017-18. This will fund ... Read More »

Solar power tariff drops from Rs 7.1 to Rs 4.4 per unit in 1 yr in Tamil Nadu

According to reports, Solar power generation tariff was fixed at Rs 4.40 per unit by Tangedco on Saturday .With this, the tariff came down from Rs 7.10 to Rs 4.40 within a year. The Tamil Nadu Generation and Distribution Cooperation (Tangedco) opened the bids for 300MW of solar power to be set up during 2017-18 and found a bid for 100MW at Rs 4.40 per unit and the upset tariff fixed by the discom was Rs 4.50 per unit. “This ... Read More »

Schneider Electric India powers 2 GW of solar capacity in India, targets 2.5 GW by March 2017

Schneider Electric India – a global specialist in energy management and automation – has announced that it has powered more than 2 Giga watts (GW) of solar capacity in India through its range of inverters, transformers and other medium-voltage equipment commissioned across solar projects in India under the Jawaharlal Nehru National Solar Mission (JNNSM) & other schemes. India’s cumulative solar capacity has crossed 10,000 MW, 20% of which is flowing through Schneider Electric’s equipment. By March 2017, the company plans ... Read More »

India’s New Solar Auction Lights the Way to Modi’s Green Targets

According to reports, record low Indian solar tariffs tendered at a groundbreaking auction may catalyze green investments and help tip the balance of new power to renewables and away from fossil fuels.  Solar power in India fell to a record 3.30 rupees (5 U.S. cents) a kilowatt-hour on Feb. 10 after a World Bank-backed auction helped the central Madhya Pradesh state tender 750 megawatts of power. The auction format, which included payment guarantees and was run by the state and central ... Read More »

Wind power installations may cross 5,000 MW this year

According to reports, Sarvesh Kumar, Chairman of Indian Wind Turbine Manufacturers’ Association, is confident that wind power installations in India will cross the 5,000-MW-mark. The previous high was 3,472 MW of fresh capacity set up in 2015-16. The Association’s General Secretary, D V Giri, is a shade less optimistic. While 5,000 MW is not impossible, he says, upwards of 4,500 MW is certain. Year-end installations 5, 000 MW is a heady number — just two years back the sector struggled to ... Read More »

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