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

cleantech

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 »

MNRE bats for strict renewable power obligation compliance by states

finance

According to reports, the ministry has suggested that SERCs may consider directing discoms to make provision in annual revenue requirements (ARRs) for meeting RPO shortfall by keeping money aside to purchase RECs equivalent to the shortfall. The validity of RECs should be extended by at least 6 months till RPOs were complied/enforced regularly in states. MNRE in its recent meeting with the Forum of Regulators (FOR) said against RPO level of 5.45% for non solar and 0.45% for solar the ... Read More »

Aditya Birla Private Equity to pick up 8% stake in Indian Energy Exchange Ltd for Rs 136 Crore

finance

According to reports, Aditya Birla Private Equity fund, owned by billionaire Kumar Mangalam Birla, will purchase an 8% stake in Indian Energy Exchange Ltd (IEX), India’s largest electricity exchange by volume, for Rs 136 crore, valuing it at Rs 1,700 crore, two persons with direct knowledge of the development said. The investment reflects the renewed interest in India’s power sector as the new government is expected to push reforms to help companies build power plants and facilitate access to coal ... Read More »

Accelerated Depreciation scheme for wind energy restored

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According to reports, acceding to demands from wind power generators, the government Friday announced it was reinstating the accelerated depreciation (AD) scheme which was withdrawn two years ago. “This is being done because of the many requests from the wind energy sector, number of concessions for which development have been made in this budget,” Finance Minister Arun Jaitley said in parliament replying to the debate on the Budget for 2014-15. “Necessary amendment will be made to the Finance Bill,” Jaitley ... Read More »

India-US solar issue: WTO sets up dispute panel

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According to reports, the WTO has set up a dispute settlement panel to examine a complaint by the US against India’s domestic content requirements under the country’s solar power programme, Parliament was informed today. “Since the consultations could not result into satisfactory outcome, on the request of the US, the Dispute Settlement Body established the WTO dispute panel in May. Once the panel is composed, the panel proceedings shall be finalised by the WTO secretariat,” Commerce and Industry Minister Nirmala ... Read More »

Coimbatore Corporation plans to set up 1MW solar power plant at old dumpyard site soon

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According to reports, the city municipal corporation has proposed the setting up of a one megawatt solar power plant at its old dumpyard in Kavundampalayam with an estimated capacity to generate 5,000 units of power, which could be fed into the power grid of TANGEDCO. The council meeting passed a resolution in this regard and the project would proceed further after getting the required financial clearance from the central and state governments as per the norms for the promotion of ... Read More »

Ministry planning integrated policy to cover all parts of renewable energy

cleantech

According to reports, the ministry of new and renewable energy (MNRE) is in the process of building a policy that would integrate and cover all parts of the renewable energy sector. This policy would guide the states on issues of inter-state character, Alok Srivastava, joint secretary, MNRE, said on Thursday. Addressing the 13th edition of the `Green Power 2014′ international conference on renewable energy organised by Confederation of Indian Industry (CII) in Chennai, he said the proposed policy “will not ... Read More »

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