News

The downgrade reflects a higher risk profile from CLP's growing non-regulated overseas assets, says Fitch analyst Sajal Kishore.

The downgrade reflects a higher risk profile from CLP's growing non-regulated overseas assets, says Fitch analyst Sajal Kishore.

Gamesa Wind Turbine has announced its foray into Gujarat.

The Korea South-East Power Co. completed a wind farm with nine South Korea-produced wind power turbines off the west coast of the country, according to Yonhap News.

Kyodo Electric Power restarted its 350MW gas and oil-fired Unit 4 at its thermal power plant in eastern Japan.

Overseas Private Investment Corp plans to invest up to US $820 million or about Rs 3,600 crore in the Indian renewable energy sector within 2011.

Premier Wen Jiabao called for intensified efforts to save energy and reduce emissions over the next five years to ease climate change and promote sustainable development.

Azure Power closed a $ 16 million long term financing tie-up with Exim Bank for the 5MW solar power project being set up in Rajasthan, reports the Economic Times.

The US Export-Import Bank is providing a $9.2 million loan to support exports of Abound Solar's CdTe thin-film PV modules to Punj Lloyd Solar Power for a 5MW power plant in Rahjasthan.

Joban Kyodo Electric Power restarted the 600MW no 8 unit at its coal-fired Nakoso plant in Tokyo, Japan shut down after the March 11 earthquake.

The National Energy Efficiency Master Plan (NEEMP) that will strategize Malaysia's efforts in addressing energy security, global warming and climate change issues, has been finalised. Energy, Green Technology and Water Ministry Secretary-General Datuk Loo Took Gee said the Peer Review Team from the Asia Pacific Economic Cooperation (APEC) had also reviewed the plan. "We take positively their comments and confidence in this master plan. It would be submitted to the Cabinet very soon," she said when launching the Asean Energy Management Scheme (AEMAS) and Conference here Tuesday. With the NEEMP, she said, Malaysia would have a comprehensive and systematic approach towards energy efficiency. "The master plan would also complement many energy efficiency initiatives that have been carried out in the past with notable achievements," she said. Malaysia is committed to reducing emissions intensity of its GDP by up to 40 per cent by 2020. On AEMAS, Loo said the establishment was to increase energy efficiency in industries in the ASEAN region through training and accreditation of energy managers on a large scale and the certification of energy end-users. She said the main objectives of the AEMAS were to reduce energy consumption in the industrial sector in ASEAN, to reduce emissions of greenhouse gases in ASEAN, and to increase the professional standing of accredited energy managers. "The launch of the Malaysian Chapter of AEMAS marks an important milestone that will support our transition to an energy efficient nation, as we place priority on the need for human capital competency and the drawing up of a code of practices to use technology effectively. "We are confident that AEMAS has the capability to facilitate such efforts which will create the critical mass required for human capacity in promoting energy efficiency and conservation to ensure energy security for our country," she said. Loo said the government had established the Green Technology Financing Scheme (GTFS) with a RM1.5 billion fund to provide soft loans with an interest subsidy of two per cent to companies. "It is for companies that supply, utilise and promote green technology, including energy efficiency and conservation," she said. Under the GTFS which commenced on Jan 1, 2010, suppliers are able to obtain loans of up to RM50 million and for consumers up to RM10 million.  

Eric Pyle has been chosen as the new Chief Executive of the New Zealand Wind Energy Association.

LDK Solar has signed contracts to supply solar modules to two leading electric power companies in China.

Nuclear Power Corporation of India is pursuing a Rs 12,000 crore loan from the Power Finance Corporation  to set up two atomic plants in Gujarat and Rajasthan with a total capacity of 2,800 MW.

Work is underway to build transmission connectivity to enable Bangladesh to import 500MW of electricity from India.

Reliance Power will partner with state-owned Power Finance Corp in its quest to earn INR3.1bn ($693m) by selling carbon credits generated by two ultra-mega power projects in India. The public private partnershipwill allow the company to earn the 3.5 million carbon credits worth INR1.1bn (246.13m) over a ten-year period from its 4GW coal-fired Krishnapatnam power project located in Andhra Pradesh. Meanwhile, the Sasan project, located in Madhya Pradesh, is expected to generate over 22 million carbon credits worth INR2bn ($447.51m). The two developments are being built at an estimated cost of INR330bn ($7.38bn).