Equipped with the longest coastal line in the country, the Gujarat government is pursuing tidal energy generation policy soon. The tidal generation power project has already got the approval of Rs 25 crore in the upcoming Budget for the purpose. “The state government has decided to explore the state’s tidal power generation potential along with [...]
Archive for the ‘General’ Category
Power, past and future
December is here. It is that time of the year again to look back at the past 12 months. Kachan & Co has come out with an year ender, which also lists out things to look forward in the new year. “There are eggshells across the sector for 2012. Global economic uncertainty in particular is [...]
GVFL to focus more on clean energy
Gujarat Venture Finance Limited (GVFL) is ready to focus more on clean energy projects for funding under its Rs 1000-crore infrastructure fund. GVFL had announced the Rs 1000-crore infrastructure fund – Golden Gujarat Growth Fund Series-1 in January 2011. GVFL is confident of raising about half of the total fund size by the end of [...]
India to attend World Energy Summit
Union New and Renewable Energy Minister, Dr Farooq Abdullah, and representatives from the Confederation of Indian Industry and players from renewable energy sector will take part in the World Future Energy Summit 2012 being held at Abu Dhabi in January next. The event which has a concurrent exhibition will feature a India pavilion. It is [...]
Germany plans to give 497.5 mn Euro to India
Germany has given a new commitment of 497.5 million Euro for India for development cooperation in the fields of energy, environment and climate protection and sustainable economic development for the year 2011. “Germany has made new commitments amounting to 497.5 million Euro for bilateral technical and financial cooperation in the year 2011. Of this amount, [...]
Solar is the cheapest option: Experts
Indian solar energy entrepreneurs have demolished claims of the Department of Atomic Energy (DAE) that nuclear power is cheaper than solar energy. According to GM Pillai, director general, World Institute of Sustainable Energy (WISE), “Entrepreneurs have come forward to set up solar power stations at a cost of Rs10 crore per Mw. Earlier it used [...]
Khosla to back clean technology
Billionaire VC investor Vinod Khosla is increasing his bet on clean technology. Khosla Ventures, the venture capital company he formed in 2004, will steer as much as 65 per cent of its new $1.05 billion fund to support businesses developing renewable sources of power, energy-efficiency technology and LED lighting products. In supporting early stage companies [...]
Maharashtra to add 3 solar radiation data centres
Maharashtra’s ministry of non-conventional energy has decided to open three solar radiation data centres in Aurangabad, Osmanabad and Nanded to gather solar energy data. Minister for renewable and non-conventional energy Ganesh Naik said that the proposed centres would come preferably on the premises of engineering colleges, as they would be expected to operate the equipment. [...]
K’taka to buy power from sugar units
Karnataka Energy Minister Shobha Karandlaje, who is taking steps to overcome power cisis in the State, said sugar factories in the cooperative and private sectors generating power from bagasse had agreed to sell 250 to 300 MW at Rs. 6.50 a unit. Speaking after holding a meeting of representatives of the factories, the Minister said [...]
India best destination to invest in renewable energy
Minister of New and Renewable Energy Dr.Farooq Abdullah said a recent report by independent consultants E&Y (Ernst & Young Renewable Energy Country Attractiveness Indices, May 2011) has ranked India as the 3rd best investment destination in Renewable energy sector, next only to China and USA. Giving this information in a written reply to a question [...]