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MoUs to set up five ethanol plants inked on last day of Petrotech 2016

According to reports, Praj Industries forged two MoUs with Indian Oil for a cost sharing agreement for development of Ligno-Cellulosic ethanol plants. A 100 KL/day second generation biomass-to-ethanol plant at Dahej, Gujarat, and another at Panipat, Haryana, will be realised from these MoUs. The Dahej plant is expected to yield around 3.3 crore litres of ethanol per year, while the Panipat plant will yield 3.20 crore litres of ethanol per year. BPCL and the Institute of Chemical Technology have forged an ... Read More »

PE funds, promoters to exit Kiran Energy

According to reports, the owners of solar power producer Kiran Energy Solar Power Pvt. Ltd have decided to sell the company outright after earlier attempts to sell a majority stake failed, two people familiar with the development said. Private equity funds own nearly 80% in the Mumbai-based company and founder Ardeshir Contractor holds 15%, while former Tata Sons executive director Alan Rosling and a few others own the rest. “The company has been on the block for almost two years now, ... Read More »

Lightsource Plans 1 Gigawatt Of Solar PV Projects In India

According to reports, UK-based Lightsource has come out with plans to set up large-scale solar power projects in the budding solar power market of India over the next few years. Talking to Indian media outlets, Lightsource Renewable Energy Managing Director and Head India Operations Rupesh Agarwal said that his company is looking to invest Rs 6,500 crore ($960 million) over the next 2–3 years in India to set up at least 1 gigawatt (GW) of solar power capacity. Lightsource recently ... Read More »

FICCI launches Legislators-Business Forum on low carbon local area development

According to reports, the capital witnessed the launch of the Legislators-Business Forum jointly organized by FICCI and the Climate Parliament India. The “Legislators-Business Forum on Low Carbon Local Area Development” is aimed at creating an interface between legislators and corporates, where they can discover common interests for executing local area low carbon initiatives . The forum was jointly inaugurated by Hon’ble Minister of State(IC), Skill Development & Entrepreneurship, Shri Rajiv Pratap Rudy, and Shri Piyush Goyal, Hon’ble Minister(IC) for Power, ... Read More »

CleanMax Solar commits Rs 1,200 cr for Karnataka

According to reports, CleanMax Solar, a leading rooftop solution provider and engineering, procurement and construction (EPC) company, has said that it will invest Rs 1,200 crore over a period of two years ending 2018, in Karnataka. In an interaction with DH, CleanMax Solar South India Business Development Head Andrew Hines said the company will set up a solar farm with a total capacity of 200 mW. “Besides rooftop solar plant, we are present in supplying power from a solar farm to ... Read More »

PM asks Indian energy companies to become MNCs

According to reports, pushing Indian energy companies to become multinationals, Prime Minister Narendra Modi today outlined a vision for creating energy corridors to the Middle-East, Central Asia and South Asia, saying stable and reasonably-priced energy is key to economic development. The world’s third-largest energy consumer needs to raise domestic oil and gas production to cut imports as also establish partnership with regional energy powerhouses, he said while addressing the inaugural session of Petrotech conference here. “Energy is a key driver ... Read More »

Incentive for wind power needs to be revisited: Study

According to reports, the reluctance of distribution companies (Discoms) to procure wind energy due to their weak financial health is one of the biggest challenges facing the wind energy sector and there is now a need to shift from Generation-Based Incentives (GBI) to Procurement-Based Incentives (PBI) in the country, according to an evaluation of the GBI scheme done by CRISIL. The GBI scheme was introduced by the Ministry of New and Renewable Energy (MNRE) in December 2009 to provide a ... Read More »

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