According to reports, a unit of General Electric Co. (GE) has invested in three Indian wind farms comprising 126 megawatts of capacity under development by Atria Power Corp. The first 25.6-megawatt project will be completed in Anantapur in Andhra Pradesh state in September, GE Energy Financial Services and Atria Power said in an e-mailed statement today. The companies didn’t disclose the terms of the deal. The two others, which are 50 megawatts each and located in Betul in the central Madhya Pradesh state, will be ready by June next year, the companies said. GE, which manufacturers turbines at a plant in Pune, will deliver 76 megawatts of machines to the farms. An undisclosed manufacturer will supply the remainder, according to the
Debt-laden Jaiprakash Power Ventures Ltd (JPVL) on Sunday said it had signed a deal to sell its entire hydropower portfolio to Reliance CleanGen, a wholly-owned subsidiary of Anil Ambani-controlled Reliance Power (R-Power).
JVPL has a hydropower asset base - three plants with an asset life of 50 years - worth a little over Rs 10,000 crore and with a cumulative capacity of 1,800 Mw.
Jaiprakash Associates, of which JPVL is a subsidiary, is the flagship company of Jaypee Group. On Sunday, it said in a statement it intended to "utilise the entire proceeds of the proposed transaction to reduce its
The Union Government is planning to give a big solar power push to Andhra Pradesh. The Centre will help set up the State add 4,000 MW of solar power in the next two years, making it a leader in solar power in the country. Anantapur district will be made the solar power hub of the country.
Addressing reporters after his meeting with Andhra Pradesh Chief Minister N Chandrababu Naidu here on Sunday, Union Minister for Power Piyush Goyal has said that the State would be allotted 200 MW of power from NTPC’s Jhajjar plant from August 1, 2014 to March 31, 2015.
He discussed the power scenario with the AP Chief Minister and promised help from the Centre to augment power supply and to help generate more power. He said the Hinduja group would add 520 MW of power in Visakhapatnam by the
After years of wait, the decks are finally being cleared for rooftop solar power generation in the Capital. The Delhi Electricity Regulatory Commission is expected to notify the proposal, which will see solar units fixed on rooftops, in two weeks’ time. The initiative envisages individual households producing solar power for their own consumption and also decreasing the peak time load on the power network.
The DERC is in the process of finalising regulations about its proposal to introduce net metering for rooftop solar power generation as per the guidelines laid down by the Union Ministry of New and Renewable Energy.
After the policy is notified, the Delhi Government will initiate putting of solar plants on government buildings, colleges and hospitals. It may be later followed at individual level. In fact, the Delhi Government may announce “production-based subsidy” and other incentives for solar power