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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 »

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 »

Smart Cities will make India manufacturing hub for energy efficient solutions

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According to reports, with the national green promise taking shape, in the form of green building movement and plans for development of smart cities, India has potential to become a manufacturing hub for energy efficient, according to Danfoss, a global player in energy efficiency solutions. Speaking the Green Building Congress here, Danfoss highlighted energy efficient solutions given the Government’s thrust towards setting up 100 smart cities. With rising population and infrastructure constraints, the need to build smart cities has been ... Read More »

CERC staff paper bats for innovation in power trading business

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According to reports, in a bid to further promote development of power market, the Central Electricity Regulatory Commission’s (CERC) staff discussion paper has made a pitch for allowing a more liberal interpretation of trading margin applied on short term transactions undertaken by traders and to incentivize traders to innovate in trading business for the larger interest of the markets and the consumers. The staff paper, which is uploaded on CERC’s website seeking feedback from various stake holders, has proposed that ... Read More »

Neosilica to focus on green energy smart solutions

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According to reports, Hyderabad-based NeoSilica, a provider of technology solutions for smart cities and smart grids, is keen to expand its footprint in the renewable energy performance management solutions. Satyam Bheemarasetti, CEO of Neosilica, says the company’s Smart Energy SCADA (supervisory control and data acquisition) solution captures a solar plant’s critical energy performance by utilising data analytics and updates it through a cloud-based software solution relaying it real time. He explains that most of the solar plant managers were collecting ... Read More »

Power sector reforms gridlocked

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According to reports, this July, Prime Minister Narendra Modi asked scientists from the Department of Atomic Energy (DAE) to make sure that India’s nuclear power capacity by 2024 is tripled from the present capacity of 5,780 MW. This was bolstered by a press statement issued by the Government saying the Prime Minister believed in clean and reliable sources of energy that could drive India’s energy strategy; given the scale of demand for power in India, nuclear energy could play a ... Read More »

In a big push, Andhra Pradesh to have ‘Green Corridor’

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According to reports, Andhra Pradesh government, with an eye on the carbon credit market, has decided to go for ‘green power’ on a massive scale. The state plans to produce 9,000 MW solar and wind power in the next five years to earn clean development mechanism (CDM) benefits from carbon credit exchanges. It will establish a ‘Green Corridor’ with several ‘clean energy’ power projects. “We have planned to produce 5,000 MW solar power and 4,000 MW wind power in joint ... Read More »

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