Mumbai: Wind turbine maker Suzlon has received share holder approval for the sale of its subsidiary Senvion to US-based private equity firm Centrebridge. The deal to sell Senvion was finalised in January for a billion Euros (about Rs 7200 crore). Suzlon informed the stock exchange today about share holder approval to divestment of Senvion, issue […]
Category: Power
Power
Maharashtra government to conduct special audit of its power companies
MUMBAI: Maharashtra government will conduct a special audit of its three power companies and ensure that transmission and distribution losses are checked so that consumers do not have to bear the burden of high tariff. Replying to a debate in the Legislative Assembly on power situation in the state, Energy Minister Chandrashekhar Bawankule said the […]
Delhi government wants DERC to explain tariff hikes between 2011 and 2014
NEW DELHI: In an unprecedented move, the Delhi government has written a letter to the Delhi Electricity Regulatory Commission (DERC) chairman, P D Sudhakar, questioning the basis of the tariff revisions that resulted in “steep hikes” between 2011 and 2014. The letter from the power department has the approval of minister in-charge Satyendar Jain. It […]
Uncertainty preventing investments in hydel projects: Goyal
New Delhi: Uncertainties in the hydro power sector are keeping investors away from hydel projects although the country has huge potential, Power Minister Piyush Goyal told Lok Sabha today. Many hydel power projects are facing hurdles, resulting in long delays and stoppage of works. “There is uncertainty over hydro power projects… Investors are not ready […]
New CMD for Power Grid Corp to be shortlisted tomorrow
New Delhi: The interview for one of the most sought after posts in the country – chairman and managing director (CMD) of the transmission giant Power Grid Corporation will start on Friday. The committee for public sector appointments, Public Enterprises Selection Board (PESB) will shortlist and declare the successful candidate by Friday evening from around […]
Germany to give 1 bn euro loan to India for strengthening power sector
New Delhi: Minister of State (Independent Charge) for Coal, Power and Renewable Energy Piyush Goyal has said that a development bank owned by the German government, the Kreditanstalt fur Wiederaufbau (KfW), has agreed to provide a concessional loan of a billion euros over the next six years to augment and strengthen the nation’s renewable power […]
600-MW Kameng hydel project water feeding project completed
ITANAGAR: The 600-MW Kameng Hydro Electric Project that envisages an annual generation of 3353 MU of electricity is now stated to be ready with completion of the 14.47 km long Head Race Tunnel (HRT) on Monday. The 10-year-old project, that started in February 2005, is now completed with the HRT able to feed water to […]
REConnect Energy launches online renewable energy marketplace
PUNE: REConnect Energy Solutions, a renewable energy consultancy and sourcing firm, has launched an online marketplace for power consumers and generators to buy and sell green electricity. The marketplace, clickpower.in, will enable open access customers to explore options to buy green electricity from various energy generators by monitoring real-time deals. “In the renewable energy sector […]
Government discontinues subsidy scheme for green energy
KOLKATA: The Narendra Modi government may be quite vocal when it comes to its commitment towards clean energy, but when reality bites, it is seen as taking a back seat. The tight finances have forced the government to silently discontinue one of its key subsidy schemes promoting renewable energy. The share of solar power within […]
BHEL disinvestment likely in April; may fetch Rs 3,200 cr
New Delhi: The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16. Official sources said the Disinvestment Department has completed overseas roadshows for BHEL stake sale in London, Singapore and Hong Kong. […]
Welspun to source 100 MW solar module from Solar Frontier
New Delhi: Welspun Renewables Energy Pvt Ltd today said it has signed an agreement with Japan’s Solar Frontier for sourcing 100 Megawatt thin-film solar module. “Solar Frontier’s CIS modules will be used in Welspun Renewables’ upcoming solar power projects in India at sites with high levels of solar irradiation,” the company said in a statement […]
Tata Power commissions 2nd unit of Dagachhu project in Bhutan
New Delhi: Tata Power has successfully commissioned the second unit of 63 MW of its 126 MW Dagachhu hydro power project in Bhutan. “The project has achieved full commissioning and clean power generated by this plant will be sold to India, thereby helping reduce carbon emission,” Tata Power said in a filing to the BSE. […]