Wind-turbine suppliers in India may be forced to consolidate amid increasing competition after a policy vacuum prompted a 39 percent plunge in installations in the first half of the financial year. In the six months ended Sept. 30, turbine makers including Suzlon Energy Ltd. (SUEL) and Vestas Wind Systems A/S (VWS) installed 851 megawatts of wind capacity, down from 1,403 megawatts the previous year, according to provisional numbers from the Indian Wind Turbine Manufacturers’ Association in Chennai. Investors are building fewer farms in the world’s third- largest wind market after two government incentives expired in March. Turbine makers are unlikely to offset the drop in demand with exports as other major markets in China, the U.S. and Europe also slow, according to Bloomberg New Energy Finance. Continue
Ashden, a UK based global charity promoting sustainable energy and the custodian of the Ashden Awards, which reward sustainable energy pioneers that cut carbon, protect the environment, reduce poverty and improve people's lives, alongwith a group of India's leading sustainable energy pioneers have reaffirmed their faith in India to emerge as the leader in energy access for the poor amongst the world economies through off-grid electrification. The experts have lauded the annual growth rate of 15-20% of the organised off-grid electrification in the country. The sector is fast growing in popularity and is estimated to be worth Rs.500 crore in India. The experts feel that the Indian government needs to demonstrate global leadership in increasing the poor's access to energy. According to Honourable Sarah Butler-Sloss, Founder Director of the Ashden Awards and international sustainable energy champions, "Off-grid electrification in India, in particular, has seen an increase in the activity since the
Maharashtra State Electricity Distribution Co (MahaVitaran) has sought to play down the controversy over preferential treatment to private power producers. It said while the tariff offered by the Maharashtra State Power Generation Co Ltd (Mahagenco) at Rs 3.20 a unit was cheaper, it could not guarantee power supply “as and when required”. MahaVitaran officials said they opted for JSW and Adani Power for short-term (less than one year) contracts at a higher price of Rs 3.80 to Rs 4.10 paise a unit because the private producers guaranteed round-the-clock supply, something which Mahagenco failed to provide.
The CBI has registered two fresh cases against two companies for alleged forgery and cheating in connection with its probe in the coal block allocation scam and carried out searches in 16 locations, including Delhi and Hyderabad. The agency has already registered seven FIRs in its probe into coal block allocation between 2006 and 2009. According to the CBI official, the agency has slapped charges of criminal conspiracy, cheating under relevant sections of IPC and Prevention of Corruption Act against Green Infrastructure Pvt Ltd based here and Satna’s Kamal Sponge Steel and Power Ltd and their directors. Continue
Renewable energy contributes substantially to the total power generation capacity in India. In fact in FY'2012, only about 56% of the total electricity produced used coal as the source of fuel to generate electricity, 20% power was produced by hydro or water based sources, 12% electricity was generated using renewable energy sources and gas contributed 9% to the total power generation. while 2% and 1% contribution came from nuclear and diesel based power for the FY'2012. Indian Government gives multiple benefits to renewable energy projects such as no need for industrial clearance, availability of loan, excise duty exemption, custom duty concession, financial support to renewable energy's R&D projects, income tax holiday, accelerated depreciation, preferential tariffs, interest and capital subsidies, energy buy-back and third party sale and trading. At the same time, the Government is also trying to reduce the capital cost of renewable energy projects so that more and more companies