Solar thermal exempt from Indian import duty

Solar thermal plant equipment will be exempt from import duty in India. India’s finance minister made the announcement today. The belief is that project costs could be lowered as a result. Photovoltaics was not...

Union Budget 2012-13: Power tariffs set to fall

The measures announced in the Budget will help remove the roadblocks the power sector has been facing in terms of fuel and finance. They will help lower tariffs for consumers and offer a breather...

Budget 2012 was generous to power sector

To bail out India’s crisis-hit power sector, finance minister Pranab Mukherjee on Friday proposed scrapping the import duties on coal and liquefied natural gas, increasing the limit on overseas borrowing and reducing withholding tax...

REC raising new €100 mn loan

State-owned Rural Electrification Corp. Ltd (REC) is set to raise €100 million (Rs.656 crore)?from Germany-based KfW Bankengruppe for financing renewable energy projects in India at concessional interest rates. “Everything has been done and the...

The 3rd Power Today Conference 2012

The 3rd Power Today Conference 2012 is scheduled to happen on 21 & 22 March at Sheraton New Delhi Hotel (Saket), New Delhi. Theme: “Restructuring India’s Power Sector: New Open Access, Equipment Import Duty...

Tariff hike will recharge financial viability

The Budget will be presented amid rather trying circumstances. The economy has slowed to just over 6 per cent from a high of over 8 per cent, the rupee has depreciated sharply, global energy...

Tamil Nadu still a big draw for wind power developers

For wind power developers, the first choice still remains Tamil Nadu. Get your evacuation lines in place, we will invest, they say. Several wind power companies that participated in Renergy 2012, a renewable energy...

Haryana to strengthen power distribution

Looking to improve the power scenario in Haryana, the state government has a plan to construct 178 substations and augment capacity of 102 existing substations at a cost of Rs 3083.14 crore so as...

What power producers want from Budget 2012

The mess the power sector is in can hardly be over emphasised. The 11th plan which ends in March 2012 had the target of adding 78,000 MW of power. In the first four years,...

UT invites tenders to fill shortage of power supply

With the aim of meeting the shortage of electricity during summers, the UT Administration has invited tenders. The peak demand of electricity in the city is 324 MW. The majority of the power requirement...