Viability gap funding scheme for solar projects
The proposal for Viability Gap Funding (VGF) Scheme for large size solar power projects under Batch-1 of Phase-II of Jawaharlal Nehru National Solar Mission (JNNSM) envisages the following main provision
Karnataka clears new investment proposals worth Rs 38,218 crore
The Karnataka State High Level Clearance Committee (SHLCC), headed by chief minister Jagadish Shettar has cleared new investment proposals worth Rs 38,218 crore. At its 30th meeting held on 18 March, the
JNNSM envisages viability gap funding for solar projects
A model of Viability Gap Funding (VGF) for grid connected solar power projects has been envisaged in the Phase-II of Jawaharlal Nehru National Solar Mission (JNNSM). However, for wind energy no new funding model is proposed.
55MW solar plant in Rajasthan commissioned
Kiran Energy, a solar power producer has commissioned a 55MW plant in the Rawra village of Rajasthan. The project was implemented under the Phase I of the Jawaharlal Nehru National Solar Mission and enhances the company capacity to 80MW. Apart from this project, Kiran Energy has also undertaken the construction of solar clusters in several states like Gujarat, Karnataka, Maharashtra, ...
Gujarat government incentivises manufacturing sector
On 25 February the Gujarat government announced an incentive scheme under the state's Industrial Policy 2009 to provide much needed impetus for the manufacturing sector.
Vikram Solar to start generating solar power in Rajasthan, considering similar in Maharashtra
Leading solar product manufacturer Vikram Solar will soon commission its 40-MW plant in Rajasthan. The solar power generating plant in Rajasthan is being set up with an investment of over Rs 400 crore under the government's National Solar Mission (NSM). Aiming to set up solar power projects of 300 MW over next 3-5 years, Gyanesh Chaudhary, Director, Vikram Solar told agency that...
Andhra extends solar power project bids submission deadline to mid-Feb
AP Transco has extended the deadline for submission of bids for solar power projects in Andhra Pradesh up to 15 February.
India to see 350 Mw solar projects to come online in 2013
Energy consultants Bridge to India has said that although the Indian government has allocated 4.4 Gw of new solar projects for 2013, only 350 Mw is expected to go operational by the end of this year. Its quarterly report the ‘India Solar Compass’ says Tamil Nadu and Andhra Pradesh are the only states that will deliver this capacity. It has predicted 200 Mw in Andhra Pradesh and 150 Mw in...
1,650 Mw projects will be put up for bid under national solar mission
The Ministry of New and Renewable Energy has plans to award solar power projects totaling 1,650 MW in 2013-14, under the Phase II of the Jawaharlal Nehru National Solar Mission. These will entail an investment of about Rs 13,200 crore based on an average of Rs 8 crore per MW.
Power back up maker Su-Kam to enter green energy, to invest Rs 300 cr in acquisition
Power back up devices, inverter maker Su-Kam is planning to foray into renewable energy market by pumping in Rs 300 crore over the next couple of years. “We are looking at acquiring a solar panel firm as well as enhance capacity of our existing plants to start manufacturing solar powered inverters,” Kunwer Sachdev, managing director, Su-Kam told Business Standard.
Mahindra EPC to commission 300 MW solar plants in 3-4 years
Mahindra EPC, a Mahindra Group company is planning to set up over 300 MW of solar power projects over the next two years.
WAAREE Energies bags 5 MW project from Friends Group
WAAREE Energies, one of India's leading solar power developer and turnkey solution expert, has bagged a major contract of 5 MW from a Gujarat-based Friends Salt Works & Allied Industries. WAAREE will be setting up the solar photovoltaic based power plant in village Bid Pipalya, Susner, Madhya Pradesh.
Karnataka green body to float tenders to bid for 130 MW solar power
Karnataka Renewable Energy Development Limited (KREDL) is offering 130 Mw of solar energy to bid for. Vijay Dev, KREDL general manager announced that tenders will be floated in two months time. "There is 130MW of solar power in the offing and last time when we bid for 70MW, the lowest price hit at Rs 7.94 per unit.
Fonroche ropes in Mahindra EPC to develop solar plant in Rajasthan
PR Fonroche, a solar projects developer, has roped in Mahindra EPC of Mahindra group to develop a 5MW solar photo voltaic plant in Rajasthan under the National Solar Mission’s Phase I Batch II. The project is proposed to come up in Gajner village of Bikaner district, the project is among the two proposed by the partnership to provide 20MW to the region.
Andhra floats tenders for 1,000 MW of solar power projects
Andhra Pradesh has called ‘request for selection’ bid documents from investors to put up over 1,000 MW of solar power projects in the state. The state’s transmission utility, APTRANSCO, has put out a list of substations and the solar power capacity that each of them can take. Bidders will have to bid up to that capacity at that location, totaling 1,160 MW across state. Bids can be put fo...