DCNS is eyeing to cash in on marine renewable energy in India. A global leader in naval defence and ship building, the nearly 400-year-old French company is currently building six Scorpene submarines in a multi-million dollar contract for the Indian Navy. It has built expertise in maritime renewable energy – tidal, wave, ocean thermal, wind [...]
Coming soon: TN solar power policy
The State Government of Tamil Nadu is all set finalise a solar energy policy. It is also expected to announce subsidy to support roof top solar energy installations. According to Sudeep Jain, Managing Director, Tamil Nadu Energy Development Agency, the policy will drive the establishment of over 3,000 MW of solar power generation capacity in [...]
UJVN to renew German loan to upgrade 6 projects
Uttarakhand Jal Vidyut Nigam (UJVN) has decided to renew a loan of Euro 103 million from German financial institution KFW. The purpose is to modernise and renovate six old hydel projects. “Our chairman Subhash Kumar held talks with the Union power secretary P Uma Shanker to renew the loan from KFW,” said B C K [...]
Madhya Bharat Corpn to award package for 96MW project soon
Madhya Bharat Corporation may award the hydro-mechanical package for a 96 MW project next month. The company, which is a subsidiary of Sarda Energy and Minerals Ltd, is the developer of the Rongnichu hydro-electric project (HEP) in Sikkim. It has already awarded the civil and electro-mechanical works package to SEW Infrastructure Ltd and Voith Hydro [...]
Bihar to set up Solar Power Plants
Bihar Renewable Energy Development Agency (BREDA) has agreed in principle to establish solar power plants in the state under the power purchase agreement with the Bihar State Electricity Board (BSEB). This move is to help the state tide over acute power shortages as well as help promote the development of schemes on non-conventional energy sources, [...]
GSECL plans integration of power plants
Gujarat State Electricity Corporation Limited (GSECL) is planning to integrate innovatively solar power plant with oil and gas-based combined cycle power plants (CCPP) at two sites. GSECL has invited expression of interest from companies for supply steam by intalling solar power plants and integrating them with two CCPP units (with aggregate capacity of 219 MW) [...]
CEA gives concurrence to SJVN project
CEA has awarded concurrence to state-run SJVN’s 252 MW Devsari hydro-electric project in Uttarakhand. It may be recalled that an Implementation Agreement was signed between the Government of Uttaranchal (now Uttarakhand) and SJVN in 2005 for allocation of the Rs 1,358 crore project with proposed installed capacity of 300 MW. However, it was subject to [...]
Suzlon signs deal with ReNew Power Ventures
Suzlon Group has signed an equipment sale deal with ReNew Power Ventures Pvt Ltd for wind energy projects of 300 MW to be developed across India. The country’s largest wind turbine manufacturer will supply, supervise, operate and maintain the projects, while ReNew Power will act as a developer, a company statement said. ReNew Power Chairman [...]
Solar power sector attracts Rs 24,000 cr in 2 months
A latest reports says the solar sector attracted total funding of over Rs 24,000 crore through 66 deals, including two Indian transactions (Reliance Power and Azure Power) in April-June this year. The Mercom Capital Group’s second quarter funding and M&A activity report for solar sector says global venture capital funding saw a slight uptick with [...]
GMDC to augment wind power generation capacity
In a bid to augment its wind power generation capacity, Gujarat Mineral Development Corporation (GMDC) is planning to add 50 MW of wind power at an investment of Rs 300 crore. The proposed wind power project is coming up at Bhanwad in Jamnagar district of Gujarat. The entire power produced at the wind farm will [...]