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Chennai Metro to draw solar power, save ₹1.5 crore a year

According to reports, the Chennai Metro Rail Ltd, a joint venture of the Central and Tamil Nadu governments, intends to install solar power plants at its stations and the Koyambedu maintenance depot to provide 6 MW of electricity. Bengaluru-based CleanMax Solar will put up and own the solar plants and sell the power to Chennai Metro. The price at which the energy will be sold has not been disclosed, but a press release from CleanMax says Chennai Metro would save ... Read More »

Chinese firms inks deal with Adani, to invest $300 million in Gujarat

According to reports, India’s Adani Group inked a deal with East Hope Group, one of China’s largest companies, which will invest over $300 million to set up a manufacturing unit for solar power generation equipment in Gujarat. “The MoU signed between the two leading companies from India and China proposes to set up manufacturing units in Mundra SEZ, Gujarat to produce solar power generation equipment, chemicals, aluminum and animal feed, and to put in place East Hope Group’s engineering and ... Read More »

‘Over the next decade solar cost will come down by 60 per cent’

According to reports, as the Director-General of the Abu Dhabi-headquartered International Renewable Energy Agency (IRENA) since its inception in 2011, Adnan Z Amin, is an authority on renewable energy economics. BusinessLine grabbed the Kenyan economist for a chat on the sidelines of the 8th Clean Energy Ministerial, Beijing, that took place on June 8. A keen observer of India’s tryst with renewable energy, Amin makes certain oblique references to the re-opening of power purchase agreements in India after they are ... Read More »

Rama Steel Tubes may gain after installing solar project

According to reports, Rama Steel Tubes announced that it has installed solar project at Khopoli facility, Maharashtra. This solar project will be generating 1100 MWh / Year of energy, same amount of energy needed to power the installed and upcoming capacities. The announcement was made after market hours yesterday, 19 June 2017. The solar project has a capacity of 750 KWp and will generate the same amount of energy needed to power the current as well as the planned upcoming ... Read More »

Centre removes interstate supply charges on solar power projects till December 2019

According to reports, Solar power projects will be exempted from interstate transmission charges till the end of December 2019, making it feasible to compete with thermal power. The decision was taken by the ministry of power in consultation with the ministry of new and renewable energy (MNRE) and other stakeholders since imposition of charges would have raised cost of using solar power from another state by Rs 1-2.50 per kwH, depending on the distance it is transmitted and voltage at which ... Read More »

TN to increase installed capacity of solar energy

According to reports, Tamil Nadu Government has floated tenders for generating solar energy to the tune of 1,500 MW as part of its proposal to increase the installed power capacity in solar energy to 5,000 MW in coming years. According to the policy note tabled in the state assembly by Electricity Minister P Thangamani today, Tamil Nadu had a total solar installed capacity of 1,702.40 MW as of May 31, 2017. “Tamil Nadu has harnessed around 1,644 million units of ... Read More »

NTPC’s 225 MW capacity commissioned at Mandsaur project

State-run power giant NTPC today said that 225 MW out of 250 MW of Mandsaur solar power projects is commissioned, taking the total installed solar capacity of the company to 845 MW. “225 MW out of 250 MW of Mandsaur Solar Power Project of NTPC Ltd has been commissioned,” NTPC said in a BSE filing. According to statement, with this, the installed capacity of NTPC’s solar power projects has become 845 MW. The total installed capacity of NTPC on standalone ... Read More »

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