Shanghai Electric ready for India unit

Seeking speedy approvals and friendly policies from the Indian government, China’s biggest power equipment company, Shanghai Electric, said on Monday that it is ready to invest in India’s power sector by setting up a...

Gwalior distribution franchisee Bid Results – New Player ‘SMART Wireless Limited (Essel Group)’ emerged as a Winner

Source: http://blog.pmanifold.com/2012/03/gwalior-bid-results-new-player-smart.html SMART Wireless Limited’, an Essel group company emerged as the winner for Madhya Pradesh’sGwalior Power Distribution Franchisee. The company has quoted the maximum Levelized Input Rate (LIP) of Rs. 4.14/unit, which enabled them to win and surpass...

Adani Enterprises in pact to provide 4 MT coal to NTPC

Adani Group flagship, Adani Enterprises, today signed five agreements for supplying 4 million tonnes (MT) of imported coal to power generator NTPC. “Adani Enterprises will supply 4 MT of coal imported from global sources between March-June 2012 to...

Power Grid likely to get $400 mn funding from IFC

State-run Power Grid Corporation is likely to get USD 400 million (over Rs 1,980 crore) funding from the International Finance Corp for undertaking electricity transmission projects in the country. The proposed funding would make up for 15 per...

Are Solar PV Farms Polluting?

Generating solar power using photovoltaic (PV) cells is not a zero-emission technology. However, following all international standards and protocols is considered adequate to curb pollution Solar energy has long been touted better for the...

Gridlocked & blacked out

It can happen only in India. The sector has seen maximum reforms since the passage of the excellent Electricity Act 2003- unbundling of utilities, beginning of limited ‘open access’ policy, a regulator for every...

OFF-GRID Projects and REC: A new socio-economic development tool?

Source: http://www.reconnectenergy.com/rec/index.php/newsletters-on-rec-mechanism.html   Background Promotion of renewable energy has been vehemently recom-mended under various legislative documents like the Electricity Act-2003 (the EA), National Electricity Policy (NEP), National Tariff Policy (NTP), National Action Plan for Climate...

No cap on bank lending to sector, RBI says

The Reserve Bank of India has not mandated any sectoral exposure limits on banks, and hence, banks should not say that having hit the limit for the power sector they are unable to lend...

Suzlon’s arm REpower ties up 750 million euro debt

Suzlon Energy’s subsidiary, REpower Systems SE has signed an agreement with a consortium of banks led by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG for a syndicated loan of 750.0 million euros. “This is...