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Daily Archives: July 9, 2017

IFC subscribes to L&T’s Green Bond to help finance Indian solar

According to reports, the World Bank’s IFC has invested INR6.67 billion (US$103 million) in L&T Infrastructure Finance Company to help finance solar PV in India. IFC did this by subscribing to the green bonds issued by L&T Infrastructure Finance, a wholly-owned subsidiary of L&T Finance Holdings (LTFH) that is also promoted by Indian solar EPC firm Larsen & Toubro. L&T Infrastructure Finance will use the funds to give loans to solar PV projects. Its US$3.51 billion portfolio already has 37% dedicated ... Read More »

Niti roots for methanol-from-coal to cut down LPG import bill

According to reports, the government is promoting coal gasification to convert high ash coal into methanol that can be used as cooking gas, with an aim to cut down dependence on West Asian countries for LPG imports, Niti Aayog member V K Saraswat said. He said that the world’s largest coal miner, Coal India Ltd (CIL), is likely to set up a coal-based methanol plant in West Bengal. “There is excessive ash content at several coal mines in states like West Bengal, Odisha and Jharkhand, which are not in much ... Read More »

GOVT TO INSTALL GRID CONNECTED SOLAR POWER PLANTS IN ALL RAIPUR GOVT BUILDINGS

According to reports, the Chhattisgarh Government will implement 21,255 Kw grid connected solar PV system scheme for Government buildings located in Raipur city under Renewable Energy Service Company (RESCO) model. A total of 159 Government schools in Chhattisgarh were using solar energy to meet their power supply requirements during the last financial year (2016-17), officials informed. The State currently also has total renewable energy potential of 4,500 MW which includes solar (grid connected and roof top), wind biomass and small hydro, ... Read More »

Tamil Nadu to tax rooftop solar, cut support

According to reports, at a time when the popularity of solar power as a cheap source of energy is growing, the state-owned power utility has come out with a proposal that will reduce the return on investment for citizens installing rooftop solar plants. It has also proposed to add a tax on the power generated. Currently, units of electricity generated by roof-top solar plants are subtracted from the consumer’s bi-monthly use of power from EB source before billing. Now, Tamil Nadu Generation and ... Read More »

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