CEE Jul-Sep-2012

wind turbine powers up to 3 MW and heavy precision fabrication of components up to 80 tonne. Established in 1957, Fedders Lloyd is engaged in executing turnkey projects in the areas of energy, infrastructure and climatic control equipment with manufacturing Courtesy: Renewable Energy Akshay Urja, Vol.5, April 2012, P 6. GOVERNMENT EXTENDS POPULAR ACCELERATED DEPRECIATION SCHEME FOR \NINO POWER PRODUCERS The government has decided to extend the popular accelerated depreciation incentive for wind power producers beyond 31 March this year, when it was due to be terminated, as the alternative generation based schemes have not found enough takers. Power producers can opt for either of these incentive schemes, and since as many as 70 per cent have opted for accelerated depreciation, an overwhelming majority of the companies have been lobbying for extension of this scheme which provides subsidies for setting up wind-generated power plants. At the same time, the generation-based incentives, introduced in 2009, have fallen way short of the government's target of 4,000 MW, yielding just 1,500 MW so far. Officials and industry persons reacted to the news positively. "We have asked the Finance Ministry to let accelerated depreciation continue as it will help us achieve the earlier missed targets" said GB Pradhan Secretary, Ministry of New and Renewable Energy. "Accelerated depreciation has been a major support to industries looking for captive power capacity for energy security and to freeze power costs, making the sector even more globally competitive," said the official spokesperson of Suzlon , the leader in the domestic market. V Subramaniam, Secretary General of Indian Wind Energy Association, said the extension of the scheme will prove to be a boon to companies. "This will help attract more orders', said Subramanian , calculating an investment of Rs 15,000 crore at an estimated installation of 3,000 MW of wind– generated power this year. Courtesy: Renewable Energy Akshay Urja, Vol. 5, April2012, P 6. ' Solar INDIATO BE A GLOBAL SOURCING HUB FOR SOLAR PROJECTS AREVA Solar, the US-headquartered renewable energy subsidiary of the French nuclear energy group, AREVA, has an ambitious plan to tap the growing solar market in India as a technology provider. William D Gallo, president and chief executive officer, has promised to make India a hub to source sol ar technology for their international operations. Gallo informed that India enjoys 250 to 300 sunny days a year and is, therefore, a potentially privileged location for solar power plant projects. The company has also been awarded a contract by Reliance Power to set up a 250 MW project in Rajasthan. The AREVA group aims to position itself as a strategic player in the development of renewable energy sources. India will be a global sourcing hub Gallo. He said that as a technology provider, AREVA will source most of the steel and glass from the domestic market, and has plans to set up a large number of plants in India. Besides, there is 30