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August 25, 2008
India’s government last week
initiated a new scheme for wind power generation in a bid to tap the 45,000 mw
power potential of the non-conventional resource. The present wind power production stands at
8,760 mw and the Ministry of New and Renewable Energy has set a target of
10,500 mw for the new five year plan.
The ministry has initiated new scheme of Generation Based Incentive
(GBI) to attract new and large independent power producers to wind sector.
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August 13, 2008
Indian
Wind Turbine Manufacturers’ Association (IWTMA) has called for a
generation-based incentive policy to attract foreign direct investment (FDI)
into the nascent wind energy sector. Addressing a press conference on Monday,
D. V. Giri, Chairman of the association, said any generation-based incentive
should have no ceiling on capacity.
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July 1, 2008
India's
private Lanco Group said it has planned to set up a wind turbine unit to foray
into wind energy. The power and infrastructure major is planning to set up a
wind turbine manufacturing unit in southern Puducherry. It is also planning to
establish wind farms in India,
the United States and Europe. The group is also exploring options in solar and
nuclear energy fields and has a presence in the hydropower sector.
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June 30, 2008
The Ministry of New and Renewable energy
(MNRE) today announced an "incentive" of Rs 0.50 per unit of
wind-power fed by the independent power producers into the grid. The generation
based incentive (GBI) is aimed at increasing the quantum of grid interactive
renewable power.
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June 13, 2008
Three years
ago, in 2005, Tanti of Suzlon converted his advantages over the competition
into cash when he orchestrated a brilliant initial public offering. Suzlon
raised $340 million (€219 million) and, from one day to the next, catapulted
its founder and his family in the realm of the subcontinent's ultrarich. Tanti
himself currently owns 16 percent of Suzlon, while the family owns 66 percent.
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June 11, 2008
Refrigerant gases maker Gujarat Fluorochemicals Ltd expects to add 31.5
megawatts of wind power capacity by the end of the month through a wind farm in
Rajasthan. It currently operates a 23.1
MW wind power farm in the western state of Mahashatra. The company has plans to
part-fund a diversification into wind power, aiming for a capacity of 1,000 MW
in five years.
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June 2, 2008
Wind energy major Suzlon group will begin generating power from a Rs
500 crore project in West Bengal project, the
largest windfarm in the eastern region, from the 2009-10 financial year. "We are aiming to begin generating power
and put in the grid from 2009 from the West Bengal
project," says Suzlon
Infrastructure Services Ltd (SISL) General Manager M Rao. The 50 MW wind farm will require about 700
acre and would be located at Dadanpatra near the sea resort of Digha, some 160
km from Kolkata.
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May 20,
2008
Tamil Nadu
is doing well on the wind power front. The state's power board is beefing up
its wind mill power infrastructure in order to harvest the full potential and
plans to sell surplus power to other states at a handsome profit. Tamil Nadu
Electricity Board (TNEB) will be spending around Rs.2 billion of the total
Rs.10 billion budget to strengthen the transmission and distribution (R&D)
network in the state this year.
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China View
May 6, 2008
The northwest
Chinese city of Jiuquan, famous as the nation's satellite launch center, has
been busy with a new mission to exploit its rich wind energy resources in the
hopes of becoming a global giant in the field of renewable energy.
Altogether 28 new wind farms, with a combined installed capacity of 10.65
million kilowatts, will be built around Jiuquan,a far-flung Gobi
desert city by the year 2015.
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Business Standard –
India
May 5, 2008
Power company PTC India Ltd has
reported over three-fold increase in profit after tax to Rs 19.22 crore for the
quarter ended March 31, 2008 compared to Rs 5.8 crore in the corresponding
period a year ago. The company reported a 39 per cent increase in profit after
tax for whole fiscal at Rs 48.7 crore against Rs 35.09 crore in the previous
fiscal, it said in a release. The Board has recommended dividend of 10 per
cent.
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April 22, 2008
The Asian
Development Bank (ADB) will extend rupee loans worth $113 million to the Indian
unit of CLP Holdings to partly fund wind
power projects, the bank said on Monday. Hong Kong's largest power utility, CLP
plans to set up two wind power projects in Gujarat
and Karnataka states at a total cost of 9.9 billion rupees ($248 million) and
add 183.2 megawatts in capacity in the two states.
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April 22, 2008
Samana Wind Farm, a CLP India initiative, was
inaugurated by Chief Minister Narendra Modi at a reception at the CLP power
plant at Bharuch, Gujarat. Energy Minister
Shri Saurabh Patel and Minister for Water and Irrigation Shri Nitin Patel also
addressed the gathering. CLP India will
invest US$125 million in the 100.8 MW
wind power project in Samana, Jamnagar, Gujarat.
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Daily Times - Lahore, Pakistan
March 26, 2008
The Pakistan Environment Protection Department (EPD) has
categorised energy sources with respect to their impact on the environment. According
to the department, hydropower energy, low sulphur furnace oil energy, wind
energy, solar energy, gas energy, heat energy, geothermal energy, biogas
energy, sugarcane molasses and tidal energy are environment-friendly power resources.
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Energy Bangla - Dhaka, Bangladesh
March 24, 2008
Bangladesh
authorities believe up to 1,000 MW of power could be generated from wind energy
by installing wind turbines along the coastline. At present 2 MW of power is
being generated by wind energy. It also claimed that around 600 MW of power
could be produced from bio-mass and around 300 MW from co-generation, using the
pulp of crushed sugarcane, for example.
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domain-B - Khandala, Maharashtra,India
March 19, 2008
There are 27 locations in the coastal areas of India
that have the potential for harnessing wind for power generation. This was
revealed subsequent to wind surveys carried out at 71 locations in the states
of Andhra Pradesh, Gujarat, Goa, Karnataka, Kerala, Maharashtra, Orissa, Pondicherry, Tamil Nadu and West Bengal, Lakshadweep,
and Andaman & Nicobar Islands.
Minister of state for new and renewable energy, Vilas Muttemwar, said a
target of 10,500 MW of wind power has been planned.
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UPI
March 12, 2008
India
said it will promote the setting up of commercial wind power projects by
providing financial incentives. Minister for New and Renewable Energy Vilas
Muttemwar said the government will
provide concessional import duty for wind electricity generator subsystems,
excise duty exemption and 10-year tax holidays on wind power projects. The
government also provides benefits of accelerated depreciation, term loans from
the Indian Renewable Energy Department Agency and identification of more
potential.
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Chennai, Tamil Nadu, India
February 21, 2008
New Delhi:
Biggest coal-based power generator NTPC Ltd plans an investment of Rs 6000
crore ($1.5 billion) to build capacity of 1,000 MW of renewable energy in 10
years, said a senior company official. This will include 650 MW of wind power. The company has decided to foray into
renewable power generation with a 100 MW wind power project, he added. In a recent meeting, NTPC's board of
directors granted approval for going ahead with the project.
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Pakistan Dawn - Karachi, Pakistan
February 12, 2008
The National Electric Power Regulatory Authority (Nepra) has
issued licences to five independent power producers (IPPs) for initiating wind
power projects in the country. Official
sources told Dawn that eight IPPs had completed feasibility studies on wind
power plants for generating 50KW each. Licences for the three IPPs, Zephyr
Power Ltd, Beacon Energy Ltd and Zorlu Enerji Ltd, were under process.
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Asia Times Online -Kowloon, Hong Kong
February 7, 2008
This substantial facility is in fact the largest
manufacturing site run by Indian wind energy major Suzlon, capable of producing
wind turbines with an annual capacity of 600 megawatts (MW). The facility, set
up with an investment of US$60 million, came on line in April 2007, making it
the first investment by an Indian company in China's rapidly expanding energy
sector. India and China are usually
associated as competitors in the energy business, particularly for hydrocarbon
resources.
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Navhind Times - Panjim, India
January 28, 2008
India is the fourth largest generator of wind power in the
world after Germany, Spain and United States. India was one of the five countries that added
more than 1,000-MW wind energy capacity during 2006-07. Wind is all set to become a significant
contributor to India’s endeavour towards meeting its growing energy needs. Over the next five years, the country plans to
boost the wind energy capability to the extent of 2,000 MW per year. As it
stands, the gross potential for wind power has been estimated at 45,000-MW.
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Business Standard India
January 15, 2008
India’s wind energy sector
has seen significant investments from foreign companies who are
attracted by the development potential, availability of wind farm equipment at
competitive prices and conducive government policies. Foreign players
that have forayed into India’s wind energy sector include Roaring 40s (an equal
joint venture between China Light & Power (CLP) and Hydro Tasmania), which
is setting up a 50-Mw wind farm in Maharashtra. Hong Kong-based CLP is setting
up 100 Mw and 82 Mw wind farms in Gujarat and Karnataka respectively.
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Hindustan Times, India
December 24, 2007
Suzlon Energy which has raised $552 million through a
qualified institutional issue (QIP) on Thursday to repay debts, is set to
launch a $400 million fund that would invest in wind energy assets. “The company is planning to raise close to
$400 million from international investors over the next 6-12 months,”
investment banking sources close to the development said. “Suzlon is planning
to form a separate company to manage the fund. This would be managed by a
professional fund manager,” sources said.
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Economic Times - India
December 24, 2007
Samir Thapar-led JCT is taking its first major
diversification step beyond the traditional textile and filament yarn
businesses. The group is getting into a 50:50 joint venture with US-listed
Dakshidin Corp, which specialises in low-wind speed windmills. The venture
would mark JCT’s entry into wind energy on a long-term basis. Dakshidin, producers of the world’s most
powerful water-pumping windmill, is also planning to bring in its wind power
generating products by mid-2008, which would then allow the Indian venture to
get into small wind energy projects.
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Forbes - NY,USA
December 19, 2007
Indian wind energy company Suzlon Energy Ltd said it has
raised 21.83 bln rupees by selling shares to select investors to repay some of
the debt raised to fund the acquisition of German wind energy systems maker
REpower Systems AG from Martifer Group.
The world's fifth largest wind power solutions company said in a release
that its board has approved the issue of about 11.38 mln new shares at a price
of 1,917 rupees per share. The new
shares will account for 3.80 pct of the new equity base of the company, Suzlon
said.
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Earthtimes - London,UK
December 10, 2007
India was the world's top third country in terms of added
wind power capacity last year with the global annual investment in renewable
energy expected to exceed $100 billion by end-2007. India was number three globally in added wind
power capacity in 2006. Wind power has continued to grow at 25-30 percent per
year since 2000 and now receives the largest share of annual investments among
renewable sources of energy, she added. 'It will reach at least 93 GW
cumulative capacity in 2007, up from just 7.5 GW in 1997.
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IANS via Yahoo! India News
November 26, 2007
The growth recorded in wind power generation in the country
in recent years is a reflection of the growing investors' confidence in this
renewable energy source, says K.P. Sukumaran, advisor to the ministry of new
and renewable energy. While addressing a
one-day conference on renewable energy organised by PHD Chamber of Commerce and
Industry here Thursday, Sukumaran said that generation capacity in wind power
was currently being added at the rate of 1,700 MW every year compared to just
200 MW a year four years ago.
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Earthtimes - London,UK
November 23, 2007
India's renewable energy capacity will grow eight-fold to
touch 80,000 MW by 2032 and will account for 10 percent of the country's total
electricity generation capacity, Renewable Energy Minister Vilas Muttemwar
said. 'We are working for facilitating
the implementation of a broad spectrum programme covering the entire range of
new and renewable sources. India has one
of the largest programmes in renewable energy in the world,' the minister said.
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Sify - Chennai,Tamil Nadu,India
November 23, 2007
Leading wind power generator MSPL Ltd Thursday announced
plans to invest $278 million (Rs 1100 crore) over the next three years to
produce wind energy. With 191 MW of
installed capacity, MSPL Ltd is one of the country's largest independent wind
power producers. Unveiling the company's
plan, Narendra Kumar Baldota, MSPL chairman, said: "We plan to increase
wind power generation capacity to 400 MW by 2010."
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Hindustan Times - India
November 6, 2007
Real estate developer Ansal Properties and Infrastructure
Ltd is investing in wind energy to supply power to its own projects, and also
to sell excess power even as it earns carbon credits for such green technology.
“We want to start putting in more money in energy projects,” said Pranav Ansal,
vice-chairman and managing director. “We
plan to invest Rs100-200 crore every year in setting up wind energy farms in
Gujarat and Rajasthan.” In recent times, real estate developers have been diversifying
into other sectors to mitigate the risk from a slowing real estate market.
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Business Standard - Mumbai, Maharashtra, India
October 30, 2007
Gujarat Fluorochemicals (GFL), India’s largest refrigeration
gas producer and part of the Inox group, is diversifying into the power sector.
The company plans to invest over Rs 6,000 crore to produce 1,000 mw of
wind energy within the next five years. The company has roped in a
UK-based consultancy to conduct the feasibility study and to scout for suitable
technical or joint venture partners. As part of the initiative, GFL has
already done a “pilot scale” investment of about Rs 160 crore in a 23.1 mw wind
farm at Gude Panchgani, Maharashtra, with an agreement with the Maharashtra
State Electricity Board (MSEB) to supply power for 13 years.
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