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Author Archives: vineethv

Municipal Solid Waste-to-Energy market in India to generate 1,191.31 MW in 2013 estimates Frost & Sullivan

According to a New analysis from Frost & Sullivan, Analysis of Municipal Solid Waste-to-Energy Market in India, finds that the market generated 821.35 MW in 2009 and estimates this to reach 1,191.31 MW in 2013. The study finds that refuse-derived fuel (RDF) pelletisation has been a common practice in many plants, and it is expected to remain the preferred solution for non-biodegradable waste. The shrinkage of the landfill capacity has compelled municipalities to explore other methods of waste disposal and ... Read More »

Esoft yet to achieve financial closure for Solar CSP project:Global Ecology Corporation issues update

As Panchabuta has earlier mentioned, Esoft currently has a memorandum of understanding (MOU) for the building of a 6 megawatt solar power plant. Esoft will assign the MOU to GEC Energy Corp. and provide the necessary financing. To launch the project, Esoft and its affiliate, Rubious Industries, have received working capital lending terms from a prime bank for a credit facility in the amount of $2.5 million. GEC Energy Corp. also will market Global Ecology’s environmental restoration technology throughout India. In addition, the chairman of ... Read More »

GE Energy to Acquire Converteam from Barclays PE and LBO France for approx. $3.2 bn

GE (NYSE: GE) announced today that its Energy business has entered into an agreement to acquire approximately 90 percent of Converteam, a leading provider of electrification and automation equipment and systems, from a controlling shareholder group that includes management, Barclays Private Equity and LBO France, for approximately $3.2 billion. The transaction, endorsed by Converteam’s management team and employee representative groups, is expected to close during third quarter 2011, subject to customary closing conditions. Converteam’s senior management will retain approximately a 10 ... Read More »

India responding aggressively to the challenge of environmental sustainability through cleantech revolution-Nick Parker, Cleantech Group

India has gained international recognition for its efforts in Cleantech. Earlier this month, Tulsi Tanti, the chairman and managing director of Suzlon, was invited to speak  at The Wall Street Journal’s ECO:nomics conference in Santa Barbara, California and he talked about the four rules that cleantech companies have to follow to make it big. As Panchabuta had earlier mentioned, World Bank  and International Finance Corporation (IFC), have mentioned that they will double loans given to renewable energy projects to $2 billion (Rs9,103 ... Read More »

NLC’s Rs.3.12bn-50MW-wind power project to finally go on stream by March 2012

Neyveli Lignite Corporation Limited, a “Mini Ratna” Public Sector Enterprise, under the administrative control of Ministry of Coal (MOC) is a pioneer among the public sector undertakings in Mine cum energy sector. The company has a cumulative capacity of 30.6 MTPA of lignite and 2490MW of installed capacity generation. In the latest announcement the company, has announced that it will diversify  into new areas of power production including projects based on renewable energy (wind power,  solar power and hydro power). ... Read More »

Megha Engineering and Infrastructures Limited signs MOU with Skyfuel for use of its parabolic trough for CSP project

Megha Engineering and  Infrastructures Limited (MEIL) has two decades of experience in Engineering Procurement & Construction (EPC) projects execution, MEIL is a leading Infrastructure Developer in the fields of Irrigation, Water Management, Power (Generation/Transmission /Distribution), Industrial Utilities & Hydro Carbons, and manufacturer of MS Spiral pipes, Glass Reinforced Plastic (GRP) Pipes and Water Hammer Control devices. As readers of Panchabuta might be aware, Megha Engineering and  Infrastructures Limited (MEIL) has own a 50MW allocation under the Jawaharlal Nehru National Solar Mission in ... Read More »

Suzlon to make REpower turbines at Mangalore plant

As readers of Panchabuta are aware, India had 11,800 MW of wind power installed at the end of March 2010 according to the Indian Wind Energy Association, making it the world’s fifth largest wind power market.  Considering the current industry trends and futuristic developments, research reports indicate that cumulative installed capacities will advance at a CAGR of 14% during FY 2011-FY 2014. This comes at a time when 9,295 MW of wind power capacity (worth €12.7 billion) was installed in ... Read More »

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