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India's Prime Minister Mr. Modi visited the Silicon Valley last month, and on the itinerary were the obvious inclusions - Apple, Google, Facebook, Mi

11/07/2014

New Delhi: Narendra Modi-led government's first budget has given high priority to renewable energy sector with an allocation of Rs. 1,000 crore for development of ultra large solar power plants and solar parks.

The government aims to construct 'Ultra Mega Solar Power' projects or high capacity plants in the radiation-rich states of Rajasthan, Gujarat, Tamil Nadu and Jammu & Kashmir (Ladakh).

At present, the Power Ministry is developing coal based Ultra Mega Power Projects or UMPPs that have generation capacity of 4,000 MW.

"I have set aside a sum of Rs. 500 crore for this (setting up of Ultra Mega Solar Power Projects) as new and renewable energy deserves a very high priority," Jaitley said while presenting the Budget for 2014-15.

Moserbaer Solar chief managing officer Vivek Chaturvedi said, "Ultra Mega Solar Projects in Rajasthan, Leh and Tamil Nadu will drive scaling up from demand side through mega solar plants."

The minister also announced launching a scheme for solar power driven agricultural pump sets and water pumping stations for energising one lakh pumps.

"I propose to allocate a sum of Rs. 400 crore for this purpose. An additional Rs. 100 crore is set aside for the development of 1 MW Solar Parks on the banks of canals," he said.

Implementation of the Green Energy Corridor Project will be accelerated in the current financial year to facilitate evacuation of renewable energy across the country.

Green Energy Corridor Project is aimed at synchronising electricity produced from renewable sources, such as solar and wind, with conventional power stations in the grid.

"We need to maximise our utilisation of solar power. The existing duty structure incentivizes imports rather than domestic manufacture of solar photovoltaic cells and modules," Jaitley said.

He added that flat copper wire used for the manufacture of PV (photovoltaic) ribbons will be exempted from basic customs duty.

"A concessional basic customs duty of 5 per cent is also being extended to machinery and equipment required for setting up of a project for solar energy production," he said.

This move aimed at benefiting solar power producers in the country.

"We feel that the budget has missed to provide due importance to solar considering the potential and bigger role solar has to play in meeting India's energy demand compared to other energy sources," Ajay Goel, Member, Indian Solar Manufacturers Association and CEO, Tata Power Solar said in a statement.

The current installed power generation capacity of the country is 2,49,488 MW of which renewables constitute 31,692 MW, according to an official data.

20/06/2014

In what could be a game changer for the solar energy industry, a house in suburban Sydney, Australia has become the world's first building integrated solar system that generates electricity and heat.

28/04/2014

Tamil Nadu has after nearly a decade finally increased power charges, with the Tamil Nadu Electricity Regulatory Commission (TNERC) on Friday announcing a 37% hike in cost of power from April 1. Tamil Nadu for many years had the lowest tariff for power in the country. The Tamil Nadu Electricity Board (TNEB) earlier charged domestic consumers a minimum of 65 paise and a maximum of Rs 4.05 after subsidy from the government. After the hike, the minimum charge will be Rs 1.10 per unit after subsidy and the maximum will be Rs 5.75 (without subsidy). The increase has raised the average cost of power for households to Rs 3.42 per unit from the earlier Rs 2.35.

Tamil Nadu now has the second-lowest tariff just above Gujarat, which charges domestic consumers an average of Rs 3.30 per unit. Karnataka charges Rs 3.50 per unit and Andhra Pradesh Rs 4.55 per unit. Maharashtra charges the most for power at an average of Rs 5.57 per unit. In Andhra Pradesh, the minimum tariff is 2.75 per unit and the maximum 6.25 per unit. Karnataka's power tariff is in a band between Rs 2.05 and Rs 4.75 per unit and in West Bengal, it is between Rs 3 and Rs 6.85.

Gujarat, a power surplus state, charges a minimum of 2.30 per unit in rural areas and Rs 2.80 per unit in urban areas. The maximum is 4.35 per unit in rural areas and 4.75 per unit in urban areas. Maharashtra charges a minimum of Rs 2.47 and a maximum of Rs 7.50 per unit, while in Uttar Pradesh it is between Rs 3.45 and Rs 3.80 per unit. Orissa charges between Rs 1.40 and 4.80 per unit.

The government gave the go-ahead for the hike last November after it concluded that it would not be able to raise adequate funds from the Centre to bail it out of the red.

16/04/2014

Buying a home solar power system can be a very exciting experience, but don't get too carried away by advertising - be sure to focus on the important aspects of your purchase as it's a substantial investment and one you'll be living with for a long time.

05/04/2014
05/04/2014

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