Daily Archive: September 5, 2013

Generation Based Incentive (GBI) back for Wind Power

After much delay the Ministry of New & Renewable Energy (MNRE), Government of India has launched the order regarding Extension of Scheme for continuation of Generation Based Incentive (GBI) for Grid Interactive Wind Power...

RGGVY to be continued in 12th & 13th Plan

Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) the flagship scheme of the central government has received the President’s sanction on its continuation in the 12th and 13th five year plans. The objectives will be: 1....

Power prices rule around Rs 2 per unit in the market

KOLKATA: Continuing its trend from the last month, the electricity prices at Indian Energy Exchange in August continued to remain attractive, presenting a compelling opportunity for buyers including distribution companies and industrial consumers, to purchase electricity...

Power blackouts hit nearly half of Venezuela

CARACAS (VENEZUELA): Venezuela’s main power distribution network failed on Tuesday, depriving nearly half the country of electricity and knocking out traffic lights and water service in much of Caracas, which normally escapes such outages....

Tata Power’s Mundra project faces rupee headwinds

The Deepak Parekh committee’s recommendation for a higher compensatory tariff to Tata Power’s Mundra project will not be enough to absorb the 20% depreciation in rupee since early this year and the project will continue to bleed, say analysts. Tata Power’s...

JSW Steel, JSPL to bid for Stemcor’s Indian assets

Companies promoted by Jindal brothers – JSW Steel andJindal Steel and Power (JSPL) – will for the first time compete directly with each other as they prepare to bid for the Indian assets of UK-based Stemcor. The two firms...

Welspun Energy commissions 20 MW wind project in Rajasthan

Welspun Energy (WEL), India’s leading renewable energy generator has been consistently delivering on its clean energy commitments. WEL has commissioned a 20 MW wind power project in Jaisalmer district, Rajasthan. Developed within three months,...