Business

Renewable Energy India News Digest – 5/11/2009

State power firms to start energy efficiency company

Four state-run power firms will make equal contributions to float a new company, Energy Efficiency Services Ltd (EESL), to promote energy saving projects in the country, Power Minister Sushilkumar Shinde said Wednesday.

The four equal equity promoters of the new company are NTPC, Power Finance Corp, Rural Electrificaion Corp and Power Grid Corp.“The equity of EESL will be Rs.190 crore. The company would be able to leverage a total investment of Rs.700-800 crore,” Shinde said at the annual Economic Editors’ Conference here.

The overall size of energy investment market under energy service companies (ESCO) in India is Rs.74,000 crore and till now, only 5 percent of the market has been tapped,” he added.More

NTPC to set up Solar Plants in existing company premises

Country’s largest electricity generator NTPC will set up solar power generation units within the company chairman and managing director RS Sharma told Financial Chronicle that the company is in the process of preparing a “solar road map”, which would be put before the board of directors for discussion in a month.

“We are going in a big way into solar power generation. The size of investment and targets will be fixed by the board at its meeting within a month. A decision is likely even before the Copenhagen climate change talks,” he said. More

Alfa Laval India bags $14 mn bio-fuel plant contract in Vietnam

Pune based Alfa Laval India has bagged a Rs.70-crore (Rs.700-million/$14-million) contract to develop a bio-fuel plant in Vietnam, it said Monday.

In a regulatory filing, the Indian subsidiary of Sweden’s Alfa Laval group said it has won the order from PetroVietnam group for supply of equipment and engineering solutions for a proposed plant to produce 330,000 litres of ethanol daily. “The order value is Rs.700 million and the plant is expected to go on stream during 2011,” the company said. More

Hyderabad-based Ramky group bags waste management deal in Chennai

The Chennai Metropolitan Development Authority (CMDA) on Wednesday signed an integrated solid waste management project deal with Hyderabad-based Ramky Group to maintain the 60-acre fruits and vegetables market in the Koyambedu Wholesale Market Complex (KWMC) and the biomethanation facility to generate power from organic waste.

The deal, which was signed by CMDA member secretary and chairman of Market Management Committee (MMC) Vikram Kapur and K Banuja of Ramky Enviro Engineers Limited, is to remove 150 to 180 metric tonnes of garbage per day from around 3, 500 shops in the area. Kapur told Express that the project, the first of its kind in the country, will be in place for the next 12 years and the partial commencement will be in the next three months. More

Abhay N

Author : 

Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

    Contact via :
  • googleplus
  • skype
To Top