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Cheap Power or Clean Energy? India’s $200 Billion Dilemma

According to reports, a weak link lurks in Indian Prime Minister Narendra Modi’s push for an unprecedented $200 billion expansion of clean energy: cash-starved state electricity distributors. The retailers have racked up more than 2.5 trillion rupees ($39 billion) of losses partly because they’re forced to sell below cost to keep energy affordable, Power Ministry data show. Reliant on loans and subsidies, their scope to embrace solar and wind over cheaper, dirtier coal-fired supplies is in question. That leaves Modi ... Read More »

ACME Solar commissions 150 MW plants in Odisha & Rajasthan

According to reports, ACME Solar today said it has commissioned solar plants totalling 150 MW in Rajasthan and Odisha Under Jawaharlal Nehru National Solar Mission. “(ACME Solar) announced the commissioning of solar plants totalling 150 MW in Rajasthan and Odisha,” the company said in a statement today. ACME Solar is a joint venture between ACME Cleantech Solutions Ltd, EDF Energies Nouvelles (EDF EN) – the renewable energy arm of French state-run electricity utility Electricite de France S.A, and Luxembourg-based natural ... Read More »

Odisha seeks green energy funds

According to reports, the state government has demanded funds from the National Clean Energy Fund (NCEF) to promote use of renewable energy in the state. The NCEF corpus, comprising central cess on the coal mined, is being spent for research and development of clean energy technology. According to official sources, the NCEF corpus has reached Rs 10,127 crore as on March 2014. The fund is expected to grow by another Rs 6,800 crore with doubling of the cess from Rs ... Read More »

CAG finds flaw in Chhattisgarh renewable energy plan

According to reports, the state-run Chhattisgarh Renewable Energy Development Agency (CREDA) had inked 104 agreements for setting up renewable energy projects during the Global Investors Meet 2012 but not a single project has take shape. The CREDA executed 104 Memoranda of Understanding with various developers in 2012 for installation of solar photo voltaic power plants (SPVPP) of 5330 Megawatts (MW). Since 2001, CREDA had also sanctioned 50 small hydro power (SHP) projects for 612 Mw on the sites identified by ... Read More »

Govt running a scheme to install one lakh solar pumps

According to reports, the government is implementing a scheme to install one lakh solar pumps for irrigation and drinking water, Parliament was informed today. “The Ministry of New and Renewable Energy is implementing programme for installation of 1,00,000 solar pumps for irrigation and drinking water through State Nodal Agencies and NABARD,” Power, Coal and New & Renewable Energy Minister Piyush Goyal said in a written reply in the Lok Sabha. He further said that the ministry provides 30 per cent ... Read More »

Power-guzzler railways look for green energy

According to reports, Western Railway and Central Railway trains (suburban and long-distance) consume electricity equal to the consumption in Thane, Mulund, Bhandup, and Kanjurmarg put together. The quantum of water used every week by CR and WR to wash their trains matches a day’s supply to Navi Mumbai or Kalyan-Dombivli. Now that Mumbai grapples for every drop of water and with electricity tariffs rising steadily, the railways and state government are scouting for cheaper options. Plans are afoot to source ... Read More »

Mytrah Energy’s Ravi Kailas wins renewable energy award

According to reports, Ravi Kailas, Chairman and CEO, Mytrah Energy, was named the ‘Wind Power Person of the year 2015’ at the 3rd World Renewable Energy Conference in New Delhi today. The award was conferred on him by the Renewable Energy Expert Committee headed by Dr Praveen Saxena, Former Advisor, Ministry of New & Renewable Energy. Ravi Kailas in a statement said, “Today’s accolade is a reflection of Mytrah’s position as one of the pioneers in the Indian renewable IPP ... Read More »

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