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20 Jun 2009Government is keen on developing renewable energy sector in states having high renewable energy potential. The government has promised to provide all support for Tamil Nadu to set up windmills along the coastline for power generation. In order to encourage private investment in renewable energy sector, the ministry...

21 Jun 2009Tamil Nadu has a potential to add another 1000 MW and as a part of it to improve the power infrastructure, it has requested the Centre for a subsidy of Rs 1,500 crore. Regarding building up solar thermal and offshore wind turbines, the state minister said, for generating...

19 Jun 2009According to statistics provided by the Union Minister for New and Renewable Energy, total installed capacity of renewable power is 14,366 MW which is about nine per cent of the total installed power generation capacity. This comprises mainly of wind power of about 10,330 MW, small hydro power...

To revamp the global energy business, and to overcome geopolitical complexities and financing problems that plague global energy projects, India has proposed multilateral funding mechanism.In a European Commission energy meet, the power ministry said that India will support global initiatives that strengthen mutual energy security and suggested that international organizations,...

June 17, 2009Indian power ministry has visited Norway, to study their power exchange and power marketing system, integrated grid operation, and energy efficiency initiatives, with plan to set up power stock exchange in northeastern states which has the potential to generate 59,000 MW or about 40 percent of the country's...

New Delhi-based NGO Centre for Science and Environment recently released a study which shows that sugar mills and windmills both produce about 2 GW of energy, but sugar mills do it at half the cost. The study indicates, sugar mills are proving to be one of India’s best potential sources...

06.29.09Board of directors of Suzlon Energy Ltd has agreed for investment-raising, around US $1.04 billion (Rs 50 billion) through the issue of equity, debt or other instrumentsThe board has also approved raising the investment limit by foreign funds to 49 percent from 24 percent now.

Work on the India-US civil nuclear energy deal is well on track and talks are on with fuel vendors, Atomic Energy Commission chief Anil Kakodkar said recently."It (the deal) is moving and we are talking to the (fuel) vendors," Kakodkar told reporters recently.Preparatory work had started on nuclear energy-based projects...

Countries such as India that are dependent on imports to meet their oil needs are particularly vulnerable to price volatility. It's thus no wonder that the country has been a strong supporter of a price band for crude oil.India’s year-old suggestion of an oil price band to reduce volatility in...

New analysis from Frost & Sullivan ( Strategic Analysis of Oil and Gas Sector in India, finds that the output of the Indian oil and gas sector was 184.3 million tonnes oil equivalent in 2008 and expects this to reach 339.6 million tonnes oil equivalent in 2015.Given that India does...