The World's #1 Renewable Energy Network for News, Information, and Companies.

Gujarat approved budget of Rs. 35 Crs for tidal and geothermal projects…

Apr 21, 2012

Tidal Energy

Indian Power Sphere found that, the state of Gujarat is planning to spend around Rs 250 Mio to develop India’s first tidal power project.

 

Tidal Power Project produces power from ocean tides.

 

It has been learnt that, Gujarat has approved the funding along with an additional Rs. 100 Mio for a pilot geothermal power project in the budget for the current financial year.

According to D.J. Pandian, the state’s principal energy secretary:

“After we see how these pilot projects do, then we’ll take a look at developing a policy to attract more investment”

The state may work with the International Finance Corp., the World Bank’s private-sector financing arm, which is interested in supporting a tidal-energy project with a loan or equity investment, he said.

 

Atlantis Resources Corp., a tidal-turbine maker backed by Morgan Stanley (MS), is developing a marine energy project in the Gulf of Kutch with the Gujarat Power Corp. with an initial capacity of 50 megawatts.

 

Check more such news and other resources for Indian Power Sector on www.indianpowersphere.com

The information and views expressed in this blog post are solely those of the author and not necessarily those of RenewableEnergyWorld.com or the companies that advertise on this Web site and other publications. This blog was posted directly by the author and was not reviewed for accuracy, spelling or grammar.

A Power Sector Professional.

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

FEATURED PARTNERS



EVENTS

2015 AREDAY Summit

The 12th Annual AREDAY Summit, August 8-13th in Snowmass Colorado. Engag...

StartUp Green

AREI, American Renewable Energy Institute, in partnership with ...

SAP for Utilities

SAP for Utilities is North America’s most comprehensive utilities ...

COMPANY BLOGS

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

SAP for Utilities Blog

The Eventful Group produces the annual SAP for Utilites Conference ...

Renewables make huge strides globally in 2014

Renewable sources of energy are making an increasing impact on the globa...

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS