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Land acquisition bill row delays solar policy nod in Maharashtra

According to reports, the hurdles in the passage of the land acquisition bill in Lok Sabha has delayed the announcement of Maharashtra government’s solar policy, which is aimed at generating 7,500 MW power through solar energy. Who’s opposing land acquisition bill? The Centre has been facing too many hurdles for the passage of the land acquisition bill. Noted social worker Anna Hazare led the agitation at Jantar Mantar against the proposed Act while the entire Opposition as well as alliance ... Read More »

Tamil Nadu to Buy 3,000 MW Solar Energy; 200 Firms Express Interest

According to reports, the State government is trying to procure 3000 MW of solar power by the end of 2015 and more than 200 firms have shown interest in signing Power Purchase Agreements (PPAs) for 2000 MW so far, says the Chairman and Managing Director (CMD), Tamil Nadu Generation and Distribution Corporation Limited, M Saikumar. Speaking on Tuesday at the commissioning of a rooftop solar power plant at Ramakrishna Mission, Mylapore, Saikumar said the present cost of solar power, which ... Read More »

Telangana govt to call bids for 1,000-MW solar PV projects

According to reports, the Telangana government is in the process of inviting bids to set up 1,000 MW of solar photo-voltaic (PV) power generation farms through a reverse bidding process, said Aravind Kumar, principal secretary, energy. “During the last development of 505 MW solar projects, the price discovery has been Rs 645 per unit. Keeping this as a base price, we are planning to invite the tenders for the 1,000 MW, through a reverse bidding process, within a month. These ... Read More »

Shapoorji Pallonji group plans 50 MW solar project in Egypt

According to reports, the Shapoorji Pallonji group is likely to begin work on a 50 MW solar power project in Egypt, it is reliably learnt. Sources say that the plant will be owned by the group company, Shapoorji Pallonji Infrastructure Capital Company Ltd. The company bagged the project by responding to an Expression of Interest. The power purchase agreement will be signed with the Egyptian Electrical Transmission Company (EETC), a state-owned power transmission at distribution utility, for a tariff of ... Read More »

RBI moots priority sector tag for renewable energy

According to reports, a Reserve Bank of India working group has proposed new guidelines for lending to the priority sector with loans to medium enterprises, sanitation and renewable energy sectors coming under the umbrella of the priority sector. The panel which submitted the report to the RBI on March 1, has said the target for lending to the redefined priority sector should be retained uniformly at 40 per cent of adjusted net bank credit (ANBC) or credit equivalent of off-balance ... Read More »

Turkish firm Seul Holding plans solar plant in India

According to reports, Turkish company Seul Holding will build a 20 MW solar plant in India. “Turkish company Seul Holding has decided to build a 20 MW solar plant in India,” Turkish Indian Chambers of Commerce and Industry (TICCI) President Ersin Karaoglan said on the sidelines of inauguration of the Kolkata chapter. He said finer details of the project like location had not yet been firmed up. Karaoglan said clear policy guidelines for solar has helped attracting the Turkish company ... Read More »

Ramakrishna Mission in Chennai gets a rooftop solar plant

According to reports, the Ramakrishna Mission in Chennai has acquired a new asset—a 100 kW rooftop solar power plant that will generate 14.8 lakh units of electricity, enough to power 90 per cent of the needs of the Mission’s Students’ Home. The plant was donated to the Mission by the US-based renewable energy major, SunEdison, which has extensive operations in India. Surplus energy produced by the plant will be sold to the state electricity utility Tangedco. Pashupathy Gopalan, President of ... Read More »

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