The government may extend bid date for the allocation of projects through the second round of bidding under the first phase of the Jawaharlal Nehru National Solar Mission (JNNSM) to give more time to interested bidders to finalise their offers.
New Delhi Open access power consumers may soon have to shell out more to foot their electricity bills, with regulators agreeing to impose mandatory renewable purchase obligations on them. As of now, only power distribution licensees are required to buy renewable power in compliance with the target set under the National Action Plan on Climate Change (NAPCC).
The government plans to provide this exemption to 1,000 mw capacity addition envisaged in the first phase of the Jawharlal Nehru National Solar Mission (JNNSM), which is expected to be completed by 2013. These benefits will be applicable to the solar power plants for their entire 25 year life, a senior government official said.
With the prospect of a slowdown in the renewable power sector in their home markets, US and European solar power equipment manufacturers are betting big on Indian demand. The global renewable energy majors are not only increasing their presence in the market by participating in equipment-supply tenders but also looking at converting India into a manufacturing hub.
New Delhi Move over bio-diesel, the new green diesel is all set to revolutionalise the fuel market by offering cost-effective and environment-friendly solution for the transport sector in the country. US-based diversified technology and manufacturing company, Honeywell, is planning to launch its new technology for the production of green diesel in India soon.
The Indian economy is growing at a fast pace. That calls for a commensurate increase in electricity consumption. But a stumbling domestic coal sector threatens to derail the power sector growth. India will have to overhaul its coal mining policy if it is to ensure its long-term energy security and maintain economic growth momentum.
New Delhi With the uncertainty over assured coal supply from domestic sources rising, private power companies have started pushing for changes in existing tariff bidding guidelines so that they can pass on any increase in fuel costs to electricity buyers.
New Delhi Power project developers facing coal crisis have pinned their hopes on the meeting called by PM Manmohan Singh on Tuesday to review the progress of key infrastructure sectors like coal and power.
