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Meghalaya govt to start micro grid systems in select villages

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According to reports, the Meghalaya government will provide micro grid systems in some villages in the state where power will be generated using renewable resources and energy thus saved will be routed to industries, Chief Minister Mukul Sangma said today. “We have identified certain villages in the state where there is a possibility of them being delinked from the main grid after they are provided with renewable power,” Sangma said while addressing a national seminar on how power sector impacts ... Read More »

Little over 36,000 RECs find buyers on IEX this month

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According to reports, reflecting sluggish demand, just over 36,000 renewable energy certificates were sold this month on the Indian Energy Exchange whereas nearly 50 lakh such certificates were up for sale. During the session on IEX yesterday, as many as 36,411 non-solar RECs were traded while those in the solar segment touched just 232. Trading in RECs take place in the country’s power exchanges on the last Wednesday of every month. “In the non-solar segment, 36,411 buy bids and 47,66,941 ... Read More »

REC Pays Rs. 113.43 Crore as Final Dividend to Government

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According to reports, Rural Electrification Corporation Limited (REC) a Navratna Public Sector Undertaking has paid to the Government the final dividend of Rs. 113.43 crore for the Financial Year 2013-14, on its share capital held by the Government. A cheque of the amount was handed over to Sh. Piyush Goyal, Minister of State for Power, Coal and New & Renewable Energy (Independent charge) by Sh. Shri Rajeev Sharma, Chairman and Managing Director of Rural Electrification Corporation Limited (REC), in presence ... Read More »

Solargise to use $200m to set up 3,000 mw projects

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According to reports, UK-based solar power firm Solargise plans to invest $200 million or Rs 1,200 crore in seting up about 3,000 mw of both self-generated and EPC projects in the next two to three years through its Indian subsidiary Solargise Grapp Energies. The company has already bagged few projects under the state governments’ solar mission plans across Rajasthan and Bihar and is in the process of tying up few projects in Karnataka, Tamil Nadu and Andhra Pradesh. H D ... Read More »

Empee Sugars board approves disinvestment of power business

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According to reports, Empee Sugars and Chemicals Ltd, the sugar business of Chennai-based Empee Group, has decided to disinvest its power business under Empee Power Company Ltd. The company also said that while a notice was sent by Andhra Bank, Chennai, under the SARFAESI act, it is ineffectual since the Bank does not constitute a valid majority under the consortium of bankers. In an announcement to the exchanges, the company said that a a Board meeting held today has decided ... Read More »

Andhra Pradesh switches to LED efficiency

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According to reports, Andhra Pradesh will be one of the first states to take up energy conservation under the DELP (Demand Side Efficient Lighting Programme) on a massive scale to meet future energy requirements. The pilot project, which will later be adopted for the entire state, has begun with Guntur district where 20 lakh LED bulbs will replace  traditional incandescent bulbs in every household. By implementing this, Guntur alone will save an estimated 75 to 80 MU per annum. The ... Read More »

Micro grids poised to take off in India

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According to reports, the Centre’s plans to supply electricity 24/7 to all parts of India in five years has opened up vast opportunities for power and automation companies such as ABB, GE, Schneider Electric and few others. These companies have expertise in setting up micro grids that have emerged as a practical solution to provide electricity to off-grid and inaccessible areas. The opportunity is so huge that ABB CEO Ulrich Spiesshofer at a recently held global analysts’ conference mentioned about ... Read More »

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