News

Only 19,973 MW of the renewable energy potential of around 200,000 MW has been tapped in India, thus far.

The International Finance Corporation will be lending $50 million to PTC India Financial Services to push renewable energy in the country.

Australia has agreed to provide an untied grant of A$21.584 million for ADB-administered trust funds targeted at water investment and clean energy initiatives in Asia and the Pacific.

Greg Combet, has reduced the Solar Credits support multiplier from 1 July 2011 to three, and to two on 1 July 2012.

The Chinese Government increased the country’s target for PV installations from 5GW by 2015 to 10GW.

SMC Power Generation Limited reiterated its request to the Ministry of Coal for resumption of coal linkage for its 33 MW captive power plant.

NHPC plans to generate in excess of 18.6 billion kW/h of power in 2011/12.

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.