News

Australia is expecting its first delivery of commercial geothermal power in Petratherm's Paralana project by the end of 2012.

Birla Power Solutions is looking at raising up to $100 million in the current financial year from private equity players to part finance its diversification plans.

The project targets to increase generation capacity for the demands of the Hail region.

India's Ministry of Power estimates that about Rs 11,183.75 billion or US 252 billion would be required to sustain the power sector during the XII plan period.

The China Development Bank will provide funds or loans for the seven hydropower plants to be built on the Nam Ou River in Phongsaly and Luang Prabang provinces.

The World Bank approved a new loan of $330 million for Vietnam to support the mid-sized multipurpose Trung Son Hydropower Project. The 260MW Trung Son hydropower project will help meet the increased demand for electricity consumption in Viet Nam, which has been growing at 15 per cent annually for the past several years, according to a WB press release.Through the project, the Bank will also provide technical support to the Electricity of Vietnam Corp to improve the performance of its hydropower projects in dam safety and operations as well as in adopting international standards in social and environmental practices."Trung Son will contribute to Vietnam's energy mix and energy security as part of the least-cost solution in meeting the country's energy needs. Furthermore, it will also contribute to the climate change agenda by avoiding an estimated 1 million tonnes of CO2 emissions per year," said Victoria Kwakwa, WB Country Director for Vietnam.TSHPP is the first hydropower project WB has financed in the country.The financing is being provided through the WB's International Bank for Reconstruction and Development lending window that provides development financing for eligible middle-income countries.

The World Bank approved a new loan of $330 million for Vietnam to support the mid-sized multipurpose Trung Son Hydropower Project.

China Huadian Group will build four 10-million-kilowatt hydropower bases in China during 2011-2015.

Tata Power commissioned its 3 MW, Photo Voltaic based, grid connected solar power plant at Mulshi, Maharashtra.

India has called for integrating the entire SAARC region by a robust Power Grid system.

A panel backed by the Indian environment ministry suggested holding off environmental approvals for four proposed nuclear reactors.

An approved strategy and master plan for renewable energy development in Vietnam is needed for investors to implement projects exploiting potential renewable energy sources in Vietnam.

Tata Power will augment its renewable energy portfolio by adding 150MW to wind electricity and 35MW to solar energy projects in India. The investment will cost6 of INR13 billion or $290 million.

GT Solar has secured a $93.9 million contract from Taiwan-based Powertec Energy to supply a complete suite of polysilicon production equipment and technology.

Gridco signed a Power Purchase Agreement with NTPC for the for purchase of 10 Mw of solar power.

India's Kalpataru Power Transmission Limited secured three contracts worth INR13 billion or $1.99 billion from domestic, Ukrainian and Tanzanian companies.