Nuclear power must for low-carbon economy: Sachs
Rakesh Kumar Kubde
October 19th, 2012
0

Making a strong case for nuclear power, the UN Secretary-General’s special advisor Jeffrey Sachs today said it is a must that the world economy is transformed to a low-carbon producer and held that it was a safer source of energy than coal. “Nuclear energy provides about 20 per cent of the world’s electricity supply right now and I personally find it hard to believe that we can have a transition to a low-carbon economy without nuclear power,” Sachs said at an OECD conference here. Sachs, who is also the Director of Earth Sciences in Columbia University, said while the damage of lives caused by nuclear power is “very small”, the casualty caused by coal-fired thermal power is “vast”. “The loss of life as a result of the worst incidence in Japan was very very small; on the other hand, what coal-fired plants are doing to kill people and the eco-system, not seen, but

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Government open to more suggestions on bidding for power projects: Veerappa Moily
Rakesh Kumar Kubde
October 19th, 2012
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The government today said it is open to accommodating more suggestions from stakeholders on new bidding documents being finalised for power projects to make the process more comprehensive. "The standard bidding documents (SBDs) are being finalised. Whatever suggestions and comments come, we will deliberate and reflect on that... We are open to change for the better," Power Minister M Veerappa Moily told reporters on the sidelines of R&D Conclave here today. "According to some media reports these SBDs are destructive and more intrusive. All those allegations are not correct. If there is any apprehension, we will rectify it," he added. As per the provisional SBDs, there would be no change in the bidding norms for the power projects based on imported coal. This clause may hurt the interests of the private power producers building these projects, as the imported coal has become costlier. Continue

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Energy schemes delay worries Plan panel
Rakesh Kumar Kubde
October 19th, 2012
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The Planning Commission has raised concerns about the delays in the government’s ambitious energy schemes—Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) and the re-structured Accelerated Power Development and Reform Programme (R-APDRP). The RGGVY scheme is for providing electricity to villages and connecting poor households across the country. R-APDRP is meant to upgrade distribution systems, minimize transmission and distribution losses, improve metering and assign responsibility for the realization of user charges. “We are concerned about the delays,” said B.K. Chaturvedi, member of the apex planning body. Continue

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Eshwarappa Launches India’s first HCPV Solar Power Plant
Rakesh Kumar Kubde
October 19th, 2012
1

India’s first Solar HCPV power plant and LED street light was inaugurated at Kollur by state BJP president and deputy chief minister K S Eshwarappa here on Wednesday October 17. The programme was jointly organized by Kollur zilla and panchayats and Shri Mookambika Temple. “The major issue facing Karnataka in recent days has been electricity, and the only solution to improve the current situation is to generate more electricity from the available resources. We should think about generating electricity from solar, wind and water. One such measure has been introduced and inaugurated today. It is a matter of pride to the state,” he said, adding that solar is a better source for electricity than water. He appealed to union minister for corporate affairs and power Dr Veerappa Moily to release grants to Karnataka, as this is his birth place and he has certain responsibilities towards his state. Continue

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NSL Renewable confident of raising $100 m by March
Rakesh Kumar Kubde
October 19th, 2012
0

NSL Renewable Power, part of the Hyderabad-based NSL group, is confident of raising $100 million of equity by March 2013, the Chief Executive Officer, Sanjay Chaturvedi, told Business Line today. Term sheets have been signed for $50 million and the deal(s) could be closed within two months, he said. While Chaturvedi did not name the investors, it is known that IFC, the private equity arm of World Bank, is considering investing $19 million in NSL Renewable. In the past, NSL Renewable has raised equity funds from FE Clean Energy and IFC. Continue

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