Enrich Energy to Set up 60MW Solar Power Project in Telangana
Business Wire India
August 28th, 2014
0

Pune, Maharashtra, India
Enrich Energy Private Limited, Pune based Renewable Energy Company, has got the approval for setting up 60 MW Solar Power Project under ‘Solar Park Concept’ in the newly formed state of Telangana. This would be the first renewable energy initiative by the newly formed state. The ‘Solar Park’ will be set up under Open Offer to supply power to meet the states renewable power obligations. TSTRANSCO (erstwhile APTRANSCO) has issued a `Letter of Intent’ for setting up a 60 MW capacity Solar Park to Enrich Energy under the power purchase agreement at preferential tariff of Rs 6.49 per kWh as per the Open Offer. Mr. Kanchal, Director, Enrich Energy Said, “With growing urbanization there is an ever increasing need for energy, India can meet her energy requirements

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Infineon Technologies AG to Acquire International Rectifier Corporation for US-Dollar 40 per Share, Approximately US-Dollar 3 Billion in Cash
Business Wire India
August 21st, 2014
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Munich, Germany and California, El Segundo, United States- Business Wire India
 
  • Acquisition creates a highly complementary and innovative semiconductor product portfolio, distribution strength and a stronger regional presence.
  • Integration complements Infineon’s expertise in power semiconductors and adds system know-how in power conversion, while expanding its expertise in compound semiconductors (Gallium Nitride on Silicon) and driving greater economies of scale in production.
  • US-Dollar 40 per share in cash to be paid for all International Rectifier outstanding shares, representing a premium of approximately 47,7 percent over the average share price of International Rectifier during the last three months and a premium of approximately 50,6 percent over the closing share price of International Rectifier on August 19, 2014.
  • Transaction expected to be accretive to pro-forma EPS within the first fiscal year of closing and

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Top Energy Leaders to Share Views on ‘Building Energy Connectivity’ at SIEW 2014
Business Wire India
August 14th, 2014
0

Singapore
 The 7th Singapore International Energy Week (SIEW) will feature a line-up of esteemed speakers who will provide their insights on key energy issues facing Asia. They include energy thought leaders from industry, government, and international organisations. Dr. Leonhard Birnbaum, who will be delivering the SIEW Opening Keynote Address, is a Member of the Board of Management, E.ON SE. He will share his views on this year’s SIEW theme “Building Energy Connections.” He will highlight how the increased integration of economies and energy markets, at both the global and regional level, will shape the energy future for the world. Other speakers who will share their thoughts on pertinent issues in the energy landscape at the Singapore Energy Summit (SES) include Lord Ronald Oxburgh, Member of the House

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Mindteck Reports Profit for Q1 2014-15
Business Wire India
August 14th, 2014
0

Bangalore, Karnataka, India
Mindteck (India) Limited (BSE: MINDTECK), a global technology company, today reported its unaudited financial results for the first quarter ended June 30, 2014. The Company’s consolidated revenues for the quarter stood at Rs. 82.41 crore as against Rs. 76.30 crore for the corresponding quarter of the previous year ended June 30, 2013, registering a growth of 8%. Net profit for the quarter stood at Rs. 4.97 crore as against Rs. 3.26 crore for the corresponding quarter of the previous year, registering a growth of 53%. Mindteck continues to focus on strategic investments in R&D, and product innovation will remain as one of its top priorities in the coming quarters. Through its recently formed R&D initiative, the company has launched two innovative systems: IGNITE, an Energy Management System

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CG Q1FY15 Consolidated Net Profit Up 7% at Rs 64 Crore Revenue Up 8% to Rs 3,442 Crore
Business Wire India
August 6th, 2014
0

Mumbai, Maharashtra, India- Business Wire India
Highlights for Q1FY15 Vs Q1FY14      
  • Order intake stood at Rs. 2,899 crore up 12.5%
  • Consolidated revenue for the quarter up 8 % to Rs. 3,442 crore
  • Net profit rose by 7% to Rs. 64 crore
  • Earnings per share (EPS) at Rs. 1.02 as against Rs 0.94
Avantha Group Company CG reported Consolidated Revenue of Rs. 3,442 crore for the quarter ended June 30th 2014 up 7.7 % as against Rs 3,195 crore on June 30th, 2013. The net profit for the period stood at Rs 64 crore up 6.6% as against Rs 60 crore in Q1FY14. CG bagged orders worth Rs. 2,899 crore in Q1FY15 and the UEOB (Un-executed order backlog) stood at Rs. 9,585 crore. Commenting on the results, Avantha Group Company CG’s CEO and Managing Director Laurent

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Madhya Pradesh plans India’s largest Solar Power Plant
Kshitij Dhingra
August 1st, 2014
0

Plans are afoot to set up the country's largest ultra mega solar power plant (UMSPP) in Madhya Pradesh's Rewa district, a senior official said today.

The plant, to produce 700 MW of electricity, would require an investment of Rs 4,000 crore, State's Additional Chief Secretary for New and Renewable Energy SR Mohanty told PTI.

The electricity from the plant would be available at Rs 5.40 paise per unit, which would be the lowest in the country, Mohanty said.

The state government would set up the plant as a joint venture with the Ministry of New and Renewable Energy, Power Grip Corporation and the Solar Energy Corporation of India, he said.

Thirteen hectares of land spread over four villages of Barseta, Ramnagar, Latar and Badwaar has been chosen for locating the plant in Gurh tehsil of Rewa, which is the home district of state Energy

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UP plans to auction 300 MW solar power
Kshitij Dhingra
August 1st, 2014
0

India’s Uttar Pradesh state has invited companies to bid for contracts to build 300 megawatts of solar photovoltaic capacity.

Companies must submit their bids by Sept. 8, the Uttar Pradesh New and Renewable Energy Development Agency said in a notice on its website. Separately, the agency is planning another auction of 20 megawatts aimed at developers seeking smaller projects of less than 5 megawatts, Namrata Kalra, a project officer at the agency, said by phone today.

The northern state targets building 500 megawatts of photovoltaic capacity by 2017 under astate solar policy released last year. It has signed power purchase agreements with six developers, including Moser Baer India Ltd. (MBI) and Azure Power India Pvt., for 130 megawatts of capacity, agreeing to buy photovoltaic power at

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Rs 100-crore tender for solar pumpsets smells like a scam
Kshitij Dhingra
August 1st, 2014
0

Top officials catch engineers of Krishna Bhagya Jala Nigam blatantly trying to favour certain firms The process to award a solar pumpset supply contract worth Rs 100 crore by some engineers of the irrigation department has come under the scanner with top officials realising that it is a blatant attempt to favour particular companies. Officials have now issued a corrigendum and have changed the schedule pertaining to the tender. The tender, published on July 19 (Saturday), called for bids from contractors to install 1,000 solar system and drip irrigation systems in seven districts in North Karnataka — Bidar, Gulbarga, Yadgir, Raichur, Koppal, Bijapur and Bagalkot — all of which draw water from the Almatti. The tender was floated by Thirumurthy Raju, executive engineer, Krishna Bhagya Jala Nigam Limited (KBJNL) ARBC Division, Almatti. Usually in a tender process, contractors are given a minimum 45 days to post queries and submit bids. But in

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India has more than 1 lakh MW potential of wind energy
Kshitij Dhingra
August 1st, 2014
0

An assessment by the Ministry of New and Renewable Energy has estimated that the total wind power potential of India was over one lakh MW, the Lok Sabha was told today. 

In his written reply, Minister of State for Power, Coal & New and Renewable Energy (Independent charge) Piyush Goyal said, a wind resource assessment programme has been implemented by the ministry through the Centre for Wind Energy Technology ( C-WET) to estimate the wind potential in the country and identify suitable sites of installation of wind power programme. "A total of 790 sites have so far been assessed in view of wind potential programme availability. A total wind power potential in the country has been estimated at 1,02,788 MW at 80 M hub height," he said. To another question, the Minister said the government has proposed to tap the country's solar and wind

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India 5th largest wind energy producer
Kshitij Dhingra
August 1st, 2014
0

India is the fifth largest producer of wind energy with the sector alone constituting 68 per cent of the total renewable energy produced in the country, India's ambassador to the UAE T P Seetharam has said. 

Annual growth rate of renewable energy in India in the last decade has been about 22 per cent, said Seetharam, who was was earlier this month appointed India's permanent representative to International Renewable Energy Agency (IRENA).  India is one of the 21 members of the Abu Dhabi-based IRENA and the current vice-chairman of its council. 

Seetharam said hydropower, bio-energy and solar energy are other areas that have good potential and sharing experiences and international cooperation is the way forward to tap this potential. 

"There are plans during the 12th five-year

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