Manufacturers of Industrial Cooling Towers, Water Treatment Equipments, Air Pollution Control Equipments and Scale-Ban (Non-Chemical Water Treatment Equipments). CASE Group is currently also putting Turnkey projects in India in the field of Coal Gasifiers, DRI plants, Solar Power Plants and automatic steel rolling mills.
Showing posts with label Renewable Energy News - India. Show all posts
Showing posts with label Renewable Energy News - India. Show all posts
Saturday, December 4, 2010
China Announces New Solar Energy Subsidies
China Announces New Solar Energy Subsidies Posted by Adam Sewall in Friday, December 3rd 2010 under: International Solar, Solar Energy Incentives Tags: china, Coal, Kyoto Protocol
Late yesterday, China announced a new raft of energy subsidies meant to bolster the country’s growing solar energy sector.
As reported by the Associated Press,
Beijing will create 13 industry zones and pay up to half the price of equipment for solar power projects, the Finance Ministry said. It said other costs will be covered by a subsidy of 4 to 6 yuan (60 to 90 U.S. cents) per watt of generating capacity.
The announcement came toward the end of the first of two weeks’ worth of global talks on climate change being held in Cancun, Mexico. China — along with other large developing countries like India and Brazil — has long resisted enacting mandatory targets for reducing emissions of carbon-dioxide and other greenhouse gases. The U.S., too, has avoided adopting mandatory targets by refusing to sign the Kyoto Protocol, the main international framework through which countries negotiate international climate change policy obligations.
Thursday’s news today provided a boost to solar energy stocks, especially those companies expected to benefit from the new subsidies.
Another interesting tidbit included in the announcement: Beijing is aiming to install at least 1,000 megawatts of solar generating capacity each year through 2020. According to the AP, that’s roughly equal to installing two standard coal-fired power plants per year starting in 2013. That’s a good deal of solar power capacity. And China’s goal of deriving 15 percent of its electricity from renewable sources by 2020 is laudable. But, given that the country allegedly installs a new coal-fired plant each week, it’s clear that solar power’s role in China’s energy future will be overshadowed by that of coal.
http://www.getsolar.com/blog/china-announces-new-solar-energy-subsidies/14760/
Friday, November 19, 2010
India's ONGC to Invest in Renewable Power Research - Power Technology
India's ONGC to Invest in Renewable Power Research - Power Technology
India's Oil and Natural Gas Corporation (ONGC) will invest INR5bn ($109.4m) on research and development of non-conventional energy sources.
ONGC chairman and managing director R S Sharma told the Business Standard that India has only 0.5% of the world's hydrocarbon reserves and will find it difficult to meet its growing energy demand without utilising alternative and renewable sources.
The firm is currently engaged in tapping non-conventional energy sources like solar, thermal energy, LED (light emitting diode) and fuel cells that emit less carbon.
ONGC has also set up a 150MW wind power plant and has approved the development of another 100MW wind energy plant.
India's Oil and Natural Gas Corporation (ONGC) will invest INR5bn ($109.4m) on research and development of non-conventional energy sources.
ONGC chairman and managing director R S Sharma told the Business Standard that India has only 0.5% of the world's hydrocarbon reserves and will find it difficult to meet its growing energy demand without utilising alternative and renewable sources.
The firm is currently engaged in tapping non-conventional energy sources like solar, thermal energy, LED (light emitting diode) and fuel cells that emit less carbon.
ONGC has also set up a 150MW wind power plant and has approved the development of another 100MW wind energy plant.
Thursday, November 18, 2010
Rajasthan to have 505 mw solar energy projects
Rajasthan to have 505 mw solar energy projects
Rajasthan will have 505 Mw of solar energy projects that is likely to attract investment of Rs 6,000 crore in private sector. The Centre had recently executed tender process to select solar power projects of 630 Mw capacity to be established in the country. Out of this, projects of 505 mw capacity will be set up in Rajasthan alone.
Chief Minister Ashok Gehlot has targeted the state to become a hub of solar energy with his government improving the required basic infrastructure.
Wednesday, November 17, 2010
30 companies offered PV projects against RFP | Asia and Pacific | Energetica India
30 companies offered PV projects against RFP | Asia and Pacific | Energetica India
NTPC Vidyut Vyapar Limited on Nov 16, 2010 assessed request for proposal bids and allotted grid connected solar PV power projects to around 30 applicants. The lowest bid was offered by Camlote Enterprises. It offered discount of paise 696. In all 299 companies had participated in the bidding process. The lowest discount offered was 001 paise. Around18 companies had given a discount of 550 Paise and more. And additional 21 companies had given discount between 549 and 500 paise. The last winning bid, by precision technik, had offered discount of paise 515. The bid offered by Sonvadra Vyapar was disqualified due to error in writing.
Click here to download the PDF file
NTPC Vidyut Vyapar Limited on Nov 16, 2010 assessed request for proposal bids and allotted grid connected solar PV power projects to around 30 applicants. The lowest bid was offered by Camlote Enterprises. It offered discount of paise 696. In all 299 companies had participated in the bidding process. The lowest discount offered was 001 paise. Around18 companies had given a discount of 550 Paise and more. And additional 21 companies had given discount between 549 and 500 paise. The last winning bid, by precision technik, had offered discount of paise 515. The bid offered by Sonvadra Vyapar was disqualified due to error in writing.
Click here to download the PDF file
Thursday, November 11, 2010
India's Power finance corp to launch units for 'green' PJT loans | Asia and Pacific | Energetica India
India's Power finance corp to launch units for 'green' PJT loans | Asia and Pacific | Energetica India
India's Power Finance Corp (PFC, BSE:532810) said it would launch two subsidiaries for consortium lending and funding green energy projects, which would help it in a more focused growth as well as diversification."PFC will be launching two subsidiaries by April. One is for consortium lending and the other will be to fund renewable energy projects. This will be known as PFC Green Energy," said PFC's chief managing director Satnam Singh."Though financial outlays for these two proposed arms are to be finalised, we hope to make them operational by the beginning of the next fiscal year," he added.Singh said PFC will raise additional capital, to the tune of 20 per cent, within a year through an FPO and it has already sought board and shareholders approval for that.The modalities and the issue size will be decided by the power and finance ministries, Singh added.The Indian government owns 89.78 per cent in PFC, with paid-up total capital of Rs 1,147 crore, as of September 30.The Power Ministry is mulling a follow-on public offer of PFC, which could raise around Rs 6,300 crore (US$1.41 billion) by this fiscal year-end. The issue will comprise a divestment of five per cent stake held by the government, along with 10 per cent issuance of fresh equity.
"It is being discussed...," Power Secretary P. Uma Shankar had told PTI earlier this week, adding that fresh equity may be 10 per cent, with five per cent government stake sale.He said the ministry is optimistic about bringing it (FPO) by the end of the current fiscal year."The proposal is on ...we hope to bring the offer by end of this (financial) year."Meanwhile, Singh said PFC has signed an MoU with Nuclear Power Corp for debt financing, consultancy services and equity financing to Nuclear Power Corporation of India Ltd to facilitate its large capacity addition programme, late last month.On the company's interest in getting into banking, he said it is in the process of appointing a consultant for this.Under the liberalised ECB norms, PFC can raise up to US$500 million from overseas, he said. Out of this, it has already raised yen-denominated loans worth Rs 240 million and the rest US$260 million will be mopped during the rest of the fiscal year year.
India's Power Finance Corp (PFC, BSE:532810) said it would launch two subsidiaries for consortium lending and funding green energy projects, which would help it in a more focused growth as well as diversification."PFC will be launching two subsidiaries by April. One is for consortium lending and the other will be to fund renewable energy projects. This will be known as PFC Green Energy," said PFC's chief managing director Satnam Singh."Though financial outlays for these two proposed arms are to be finalised, we hope to make them operational by the beginning of the next fiscal year," he added.Singh said PFC will raise additional capital, to the tune of 20 per cent, within a year through an FPO and it has already sought board and shareholders approval for that.The modalities and the issue size will be decided by the power and finance ministries, Singh added.The Indian government owns 89.78 per cent in PFC, with paid-up total capital of Rs 1,147 crore, as of September 30.The Power Ministry is mulling a follow-on public offer of PFC, which could raise around Rs 6,300 crore (US$1.41 billion) by this fiscal year-end. The issue will comprise a divestment of five per cent stake held by the government, along with 10 per cent issuance of fresh equity.
"It is being discussed...," Power Secretary P. Uma Shankar had told PTI earlier this week, adding that fresh equity may be 10 per cent, with five per cent government stake sale.He said the ministry is optimistic about bringing it (FPO) by the end of the current fiscal year."The proposal is on ...we hope to bring the offer by end of this (financial) year."Meanwhile, Singh said PFC has signed an MoU with Nuclear Power Corp for debt financing, consultancy services and equity financing to Nuclear Power Corporation of India Ltd to facilitate its large capacity addition programme, late last month.On the company's interest in getting into banking, he said it is in the process of appointing a consultant for this.Under the liberalised ECB norms, PFC can raise up to US$500 million from overseas, he said. Out of this, it has already raised yen-denominated loans worth Rs 240 million and the rest US$260 million will be mopped during the rest of the fiscal year year.
Solartys signs MOU with SESI
Solartys signs MOU with SESI | Asia and Pacific | Energetica India
With the purpose of entering into the Indian solar energy market, Solartys has benefited with a direct mission in the country and the signing of a Memorandum Of Understanding (MOU) with the Solar Energy Society of India (SESI). This agreement will allow both parties to establish close collaboration for the development of joint projects and to create synergies between the industries of Spain and India.
The recent direct mission realized by the Spanish Association for the Internationalization and Innovation of Solar Companies (Solartys) to India has borne its fruits. Besides leading the participation of 13 Spanish companies, - that, with financing of ICEX and CDTI, were able to pay for an interesting agenda of meetings and interviews with the leading companies of the sector. The association has reached an agreement of collaboration with SESI. This agreement materialized with the company/signature of an MOU, on the 28th of October, which means Solartys is able to enter more effectively in the Indian market of solar energy.
SESI is the Indian section of International Solar Energy Society (ISES), a nongovernmental universal organization, founded in 1954 and established in the country in 1976. SESI counts at the moment with more than 2,000 partners, most of which work in the areas of investigation, development, production and programming.
With the company/signature of this agreement by Carlos Vivas, Secretary General of Solartys and by Mr. Ajay Prakash Shrivastava, Chief of the main directorate of SESI, both organizations contribute in the development and the creation of the solar power industry. They are committed to this end, to the maintenance of the cooperation between both countries, for the projection of their industries and implementing joint activities.
Solartys thus consolidate its presence in the solar market of India. In May 2010, Solartys had already signed an agreement of collaboration with the Indian Federation of Chamber of Commerce and Industry (FICCI) by means of which both organizations were committed to work in a joint way to facilitate the relationships between companies of both countries.
With the purpose of entering into the Indian solar energy market, Solartys has benefited with a direct mission in the country and the signing of a Memorandum Of Understanding (MOU) with the Solar Energy Society of India (SESI). This agreement will allow both parties to establish close collaboration for the development of joint projects and to create synergies between the industries of Spain and India.
The recent direct mission realized by the Spanish Association for the Internationalization and Innovation of Solar Companies (Solartys) to India has borne its fruits. Besides leading the participation of 13 Spanish companies, - that, with financing of ICEX and CDTI, were able to pay for an interesting agenda of meetings and interviews with the leading companies of the sector. The association has reached an agreement of collaboration with SESI. This agreement materialized with the company/signature of an MOU, on the 28th of October, which means Solartys is able to enter more effectively in the Indian market of solar energy.
SESI is the Indian section of International Solar Energy Society (ISES), a nongovernmental universal organization, founded in 1954 and established in the country in 1976. SESI counts at the moment with more than 2,000 partners, most of which work in the areas of investigation, development, production and programming.
With the company/signature of this agreement by Carlos Vivas, Secretary General of Solartys and by Mr. Ajay Prakash Shrivastava, Chief of the main directorate of SESI, both organizations contribute in the development and the creation of the solar power industry. They are committed to this end, to the maintenance of the cooperation between both countries, for the projection of their industries and implementing joint activities.
Solartys thus consolidate its presence in the solar market of India. In May 2010, Solartys had already signed an agreement of collaboration with the Indian Federation of Chamber of Commerce and Industry (FICCI) by means of which both organizations were committed to work in a joint way to facilitate the relationships between companies of both countries.
Tuesday, August 17, 2010
India's Solar Opportunities and Challenges | Renewable Energy World
India's Jawaharlal Nehru National Solar Mission (JNNSM), a major initiative of the government of India, has set itself a goal of creating an enabling policy framework for deploying 20GW of solar power by 2022. India's objectives and intentions are commendable. Yet, as we have seen globally, once governments announce their intentions to develop a solar incentive program – a variety of interest groups, each with their own agenda, get involved to put their stamp on the policy. The final output of the recently released policy guidelines reflects both the overarching objectives of developing clean solar power, addressing power shortages and stakeholder concessions.This is our preliminary perspective on the recently released guidelines for new grid-connected solar power projects in India. In the future, we will take further in-depth looks at specific policy aspects and India’s opportunities and challenges as the market develops.
PV & CSP Ratio
The JNNSM calls for a total aggregated capacity of 1 gigawatt of grid connected solar projects to be developed under the bundling scheme in Phase-I through 2013. Solar PV technology projects and Solar Thermal technology projects are to be deployed at a ratio of 50:50, in MW terms. This provision is scheduled to be reviewed again in one years time to determine the need for modification............................
PV & CSP Ratio
The JNNSM calls for a total aggregated capacity of 1 gigawatt of grid connected solar projects to be developed under the bundling scheme in Phase-I through 2013. Solar PV technology projects and Solar Thermal technology projects are to be deployed at a ratio of 50:50, in MW terms. This provision is scheduled to be reviewed again in one years time to determine the need for modification............................
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