Saturday, June 11, 2011

News on Green Energy Companies

Lanco Solar,Suzlon,Nhpc 

 Lanco Solar consortium bags Rs 885 crore Mahagenco contract

Lanco Infratech subsidiary Lanco Solar said that it will set up a 75 Mw solar power project at Maharashtra along with Juwi Renewable India Ltd at a cost of Rs 884.18 crore.  Lanco Solar, in a consortium with Juwi Renewable India Ltd, has received a contract from Maharashtra State Power Generation Co Ltd (Mahagenco) for building a 75-Mw photovoltaic solar power project at Dhule in the state, an official statement said.

The project value is Rs 884.18 crore. The project would be fully commissioned by mid-February, 2012, it said. “It is a strategic win for us. Not only it puts us firmly as the top solar power developer in the country, but also helps us considerably in securing our supply chain competitively,” Lanco Solar CEO V Saibaba said.

Lanco Solar is a 100 per cent subsidiary of Lanco Infratech Ltd with a focus on providing sustainable, innovative and cost-effective solutions across the entire solar power value chain. It is setting up country’s first integrated solar manufacturing SEZ (special economic zone) at Chhattisgarh for manufacture of polysilicon ingots, wafers and modules. The company has commissioned India’s largest solar photovoltaic farm, with 5-MW capacity, in Gujarat.
Agencies


Suzlon ties up with AECD for 2 Mw turbines

Indian wind turbine manufacturer Suzlon Energy has signed a contract with Africa’s Clean Energy Development (ACED) for the supply and full EPC for 76 of Suzlon’s S88 – 2 mega watt turbines, with an option for AECD to acquire an additional 124 turbines for the Cook House Wind Energy facility. The Cook House Wind Energy Facility is one of Africa’s leading renewable energy projects, having received a positive Record Decision from the Department of Environment on May 25, 2010, for the erection of up to 200 turbines.

Thomas Donnelly, managing director of AECD, said, “African Clean Energy Developments, along with its key stakeholders, are pleased to be working with  Suzlon Energy Limited on our flagship South African project , the Cook House Wind Energy Facility. Suzlon has demonstrated a clear commitment to the South African market, and to local economic development and job creation, two objectives of the Cook House Wind Energy Facility.”

NHPC enters into pact with Russia’s JSC RusHydro

State-run NHPC said that it has entered into a pact with Russian power generator JSC RusHydro for co-operation in hydropower projects in India and foreign countries. NHPC entered into a Memorandum of Understanding (MoU) with JSC RusHydro on May 23. The MoU is for “co-operation on case-to-case basis in hydropower projects in India and other countries”, the firm said in a regulatory filing.

In a separate statement, NHPC noted the agreement is likely to boost its international business opportunities and global presence. “This MoU is a beginning of cooperation and it will decide areas of mutual interest for benefit of two companies in the field of hydro power development, renewable energy sources and other areas of power generation,” it said.

The public sector company has an installation base of 5,175 Mw from 13 hydropower stations, including joint venture initiatives. The entity is currently engaged in construction of 11 projects having a total installed capacity of 4,622 Mw, as per its website. NHPC aims to add over 10,000 Mw of hydropower capacity by 2017.

JSC RusHydro is Russia’s largest power generating company in terms of installed capacity, which is around 26.1 GW, according to the Russian firm’s website.\

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