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...

CLP India may put assets under REC scheme

Hong Kong-based CLP India, which has 630 MW of wind assets, is now considering putting its future renewable energy projects under the ‘renewable energy certificate (REC)’ scheme, the company’s Senior Vice-President — Finance, Mr...