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India keen to partner with UK in renewable energy space: Piyush Goyal

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According to reports, the government is keen to partner with the UK for harnessing the country’s energy potential, mainly in the renewable energy sector, Power Minister PiyushGoyal said today. The matter was discussed during a meeting between Goyal and UK’s Secretary of State for Energy and Climate Change Edward Davey today. “We are keen to partner with UK on harnessing India’s true energy potential, particularly in the renewable sector (solar, wind etc),” Goyal tweeted today. According to the minister, officers ... Read More »

AT Capital invests in renewable energy projects in India via Orange Group

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According to reports, AT Capital, a Singapore based $2.5 billion private investment fund, has invested around $40 million in India-based Orange Group’s renewable energy projects. AT Capital, which is promoted by Indian businessman Arvind Tiku, invests in a number of sectors including infrastructure, real estate, hospitality and renewable energy. The Orange Group focuses on hydro, biomass, wind and solar energy and has an operating portfolio of 60 MW of wind power projects in Rajasthan and is currently developing a further ... Read More »

Tata Power’s clean energy generation capacity crosses 1200 MW

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According to reports, Tata Power said it has recorded a 24 per cent rise in generation at 45,210 mu (million units) collectively from all its power plants in 2013- 2014, as against 34,683 mu in the previous fiscal. The total power generation capacity of Tata Power is 8,613 MW from various fuel sources such as thermal, hydroelectric power, renewable energy and waste heat recovery. Tata Power has a total operating capacity of 461 MW in wind farms, 54 MW in solar, ... Read More »

Discoms repeatedly ‘fail’ to meet green energy target

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According to reports, in a development which environmentalists term a “setback” for the prospects of green energy in the Capital, the Delhi power regulator has decided not to penalise the discoms despite their repeated “failures” to meet the minimum required renewable power obligations (RPO). The Delhi Electricity Regulatory Commission has allowed the distribution companies to carry forward their RPO of last year to current fiscal. The regulator’s decision, which is yet to be formally out in its detailed 2014-15 tariff ... Read More »

Karnataka Chief Minister calls for energy audit, metering of IP sets

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According to reports, Chief Minister Siddaramaiah has advocated “energy audit” for a comprehensive understanding of how power generated in Karnataka was distributed across sectors, and said that this might even require “persuading” farmers to allow metering of their agricultural pumpsets. Participating in the 45th Foundation Day celebrations of the Karnataka Power Corporation Limited (KPCL) here on Sunday, he said that there was no clear accounting as of now on how power was distributed for agricultural, industrial and domestic consumption. He ... Read More »

Green corpus without a cause?

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According to reports, India’s green energy fund, which currently has around Rs.12,000 crore in the bank, runs the risk of becoming another corpus without a cause, unless the National Democratic Alliance (NDA) government reviews the way the money collected since July 2010 has been put to use. Only an insignificant portion of the National Clean Energy Fund (NCEF), which was expected to promote and fund clean energy projects, has been disbursed, according to a government official with knowledge of the ... Read More »

L&T Infra Finance looks to offer renewable energy project finance

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According to reports, L&T Infrastructure Finance Co. Ltd will venture into non-infrastructure segments and offer working capital loans as it transforms into the role of a wholesale lender, chief executive G. Krishnamurthy said. The company is promoted by L&T Finance Holdings Ltd, a subsidiary of Larsen & Toubro Ltd, India’s largest engineering company. “We are not an infrastructure project financing company any more; we are now the wholesale lending arm of L&T Finance Holdings,” Krishnamurthy said. While he did not ... Read More »

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