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Rajasthan House passes bill allowing lease of land for renewable energy projects

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According to reports, the Rajasthan Assembly on Thursday passed an amendment bill enabling land owner to lease land for to power (solar and wind energy) producers for thirty years. The Rajasthan Land Laws (Amendment) Bill 2014, to amend the Rajasthan Tenancy Act 1955, and the Rajasthan Land Revenue Act 1956, was passed by a voice vote after rejecting ruling BJP MLAs and Independent member’s important suggestions. Defending the provisions of the Bill, Parliamentary Minsiter Rajendra Rathor said Rajasthan would emerge ... Read More »

Earth Infra plans foray into new biz with Rs 600-cr investment

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According to reports, realty firm Earth Infrastructures plans to enter into new businesses, like solar energy and rail wagons manufacturing, in tie-up with Japanese firms and has earmarked investment of Rs 600 crore for diversification. City-based Earth group is currently developing six housing and five commercial projects in Gurgaon, Greater Noida, Yamuna Expressway and Lucknow. Of this, four projects are expected to be delivered next year. “We are looking to diversify into other businesses. We have identified certain sectors like ... Read More »

MMRDA plans to transform BKC into a ‘smart city’

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According to reports, with a view to attract investor interests and get a premium pricing for its remaining land bank, the city’s planning authority MMRDA plans to transform the Bandra-Kurla Complex (BKC) into a ‘smart city’. “We want to provide such basic amenities that will transform BKC into a smart city, which will strengthen its brand value,” Mumbai Metropolitan Region Development Authority (MMRDA) Additional Commissioner Sanjay Sethi told PTI. He said the authority is contemplating to provide facilities like wi-fi ... Read More »

India Power Coprn plans to augment renewable power procurement

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According to reports, India Power Corporation Ltd (IPCL), a power generation and distribution company, is augmenting its renewable power procurement plans. It has also planned to add 200 MW wind power capacity by the end of 2015. IPCL aimed to make mandatory renewable and cogeneration purchase obligation (RPO) an in-built process, said Hemant Kanoria, Chairman, at the company’s 94th annual general meeting on Saturday. In 2013-14, IPCL procured 0.727 million units of solar power from Seebpore unit of West Bengal ... Read More »

ADB to give $150 mn for renewable energy development in Rajasthan

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According to reports, Asian Development Bank will provide loans totalling $150 million to help create infrastructure for renewable energy development in Rajasthan. “The Asian Development Bank (ADB) and the government today signed two loans totalling $150 million to help build transmission lines that will support renewable energy development in the state of Rajasthan,” ADB said in a release. The $150 million loans are the first tranche of the $500 million Rajasthan Renewable Energy Transmission Investment Program approved by ADB in ... Read More »

India Plans Renewable Targets for Generators as RECs Flop

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According to reports, India plans to ask power generators to invest in clean-energy projects as Prime Minister Narendra Modi seeks to accelerate the nation’s shift away from the troubled coal industry. The government is preparing a rule that would mandate companies building fossil fuel based plants to also set up renewable capacity, Power Minister Piyush Goyal said yesterday. Coal generates 60 percent of the nation’s electricity even as supply bottlenecks contribute to chronic blackouts. “A generator will have an obligation ... Read More »

USD 100 bn investment likely in renewable energy in 4 years

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According to reports, the government is expecting USD 100 billion investment in the renewable energy sector in the next four years as it firms up a new policy framework for the same. “We expect USD 100 billion in the renewable energy sector in the next four years,” Power, Coal and Renewable Energy Minister Piyush Goyal said today at Economist India summit. He also said the government expects USD 50-60 billion investment in power transmission and distribution in the next four ... Read More »

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