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Sustainability Outlook Headlines
Welspun Energy ties up loan for Jaisalmer wind power projectWelspun Energy today said it has been sanctioned Rs 120 crore loan for its 20 MW wind power project at Jaisalmer in Rajasthan. "Welspun Energy has achieved financial closure of its 20 MW wind power project at Jaisalmer," the company said in a statement. "The company has received a sanction exceeding Rs 120 crore as against a debt requirement of Rs 88 crore," it said. The entire project cost has been funded on a 75:25 debt- equity ratio. Welspun Energy Solar Rajasthan, a fully owned subsidiary of the company had signed a Power Purchase Agreement (PPA) with... Read more.. Date : May 17 Source: Indian Express
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Cement-makers want green status for power generated through waste-heat recoveryCo-generation of power through waste-heat recovery process in cement plants should be given renewable energy status, according to N. A. Vishwanathan, Secretary-General, Cement Manufacturers Association (CMA). The two-day conference has about 80 presentations from industry experts. Speaking at inaugural session of Green Cementech 2013 here on Thursday, he said Indian cements plants were trendsetters in energy conservation measures. India is the second largest producer of cement in the world after China with 248 million tonnes produced in 2011-12, he said, adding, “A... Read more.. Date : May 17 Source: Hindu Business Line
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Renewable energy firms explore listing in SingaporeSeveral Indian renewable energy firms are exploring the option of listing on the Singapore stock exchange (SGX) as they look for better valuations and also seek to benefit from the concept of “business trusts”. The companies include IL&FS Wind Power Trust, Mytrah Energy Ltd, ReNew Power, the Greenko Group and IDFC Ltd’s Green Infra Ltd. Unlike companies, business trusts aren’t required to show profits before distributing available cash funds. As a result, investors can get returns even before profits are generated. This is useful for businesses that generate high cash... Read more.. Date : May 16 Source: Livemint
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UT Admn calls upon industry to make Chandigarh ‘model solar city’The UT Adviser KK Sharma, called on the industry to come forward and join hands with the Administration to make Chandigarh a model solar city, by creating innovative, economical and safe solar systems. "The industry's role is key in harnessing solar energy to the fullest. It should come forward and manufacture the latest solar equipment, most advanced panels and latest systems," said K K Sharma, adviser to the Administrator, while addressing a seminar on 'Harvesting the Sun', organised jointly by Chandigarh Administration and Confederation of Indian Industry (CII) on... Read more.. Date : May 16 Source: Indian Express
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Scindia in Germany to finalise pact for Green Energy CorridorsPower Minister Jyotiraditya Scindia is in Germany to discuss early finalisation of an agreement with the European nation which will provide support for setting up Green Energy Corridors for transmission of power. The aim is to supply 30,000 MW of clean power (wind and solar) to the national grid by 2020. Under the agreement, Germany has committed to provide an assistance of Euro 1 billion to India. "The Green Energy Corridors will enable evacuation of over 30,000 MW of renewable energy generated from wind and solar power during the 12th FiveYear Plan in India... Read more.. Date : May 16 Source: Business Standard
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Tata Power May Sell Shares in Clean-Energy Unit Next YearTata Power Co. (TPWR), the utility business of India’s largest business group, is considering an initial public offering of its clean-energy unit next financial year. The utility plans to increase wind and solar power capacity at Tata Power Renewable Energy Ltd. almost fivefold in the year to March 31 as the cost of renewable energy converges with fossil fuel-based grid power in India, Rahul Shah, chief of business development and renewables, said in an interview in Mumbai. Inducting an investor is also an option, he said. Enlarge image A maintenance worker... Read more.. Date : May 16 Source: Bloomberg
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40% of water wasted daily in HyderabadAt least 40% of Hyderabad's precious water is wasted everyday and unless the age-old pipelines carrying water to the city homes are replaced immediately the shortage of water could spiral out of control, top water board officials said. Unbelievable as it may sound, upto 3 million gallons of water from Osmansagar reservoir gets poured out every day due to leakages in the old lines, installed way back in 1935. "Normally in any country 17% is the admissible rate of water loss. In Hyderabad, however, it is at 40%," Manohar Babu, director (operations), Water Board told TOI... Read more.. Date : May 16 Source: Times of India
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Emmvee bags order for 2MW solar project of MLR IndustriesEmmvee Photovoltaic Power, a solar module manufacturer and turnkey solution provider won an order to set up a 2MW solar photovoltaic project for MLR Industries. MLR Industries, an associate of Bambino Agro Industries, is one of the largest vermicelli producers in South East Asia. The 2 MW plant will be built at the manufacturing plant of MLR Industries at Bibinagar, Nalagonda district in Andhra Pradesh. Emmvee will be responsible for designing of the solar power plant, engineering, supply of modules, procurement, installation, testing and commissioning of the 2MW solar... Read more.. Date : May 16 Source: Times of India
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India, Netherlands ink agreement on water managementIndia and Netherlands signed a MoU on technical cooperation in the field of spatial planning, water and mobility management, a government statement said, on Tuesday. The agreement was signed by Urban Development Minister Kamal Nath and Melanie Schultz van Haegen, Minister for Infrastructure and Environment of the Netherlands. The MoU will enable greater cooperation in the areas of - spatial planning, urban and regional planning and development and architecture, water management in terms of water supply and sanitation and governance structures, transport management and... Read more.. Date : May 15 Source: One India News
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India needs clean, affordable sources of energy: PMAccess to clean, reliable and affordable sources of energy is a major policy priority for India, Prime Minister Manmohan Singh today said. "The scale of energy challenges in India requires not just investments, but also innovation in how we produce and consume energy," Singh said in a message to the Fourth US-India Energy Partnership Summit. "Access to clean, reliable and affordable sources of energy is a major policy priority for India, which seeks to pursue economic growth of eight to 9% per year in a sustainable manner. This is imperative to give all our people a... Read more.. Date : May 15 Source: Business Standard
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Suzlon Gets $117 Million Turbine Order for German Wind ProjectsSuzlon Energy Ltd. (SUEL), the wind-turbine maker involved in India’s biggest convertible bond default22222 in October, sold 90 million euros ($117 million) of systems in Germany. Suzlon’s REpower Systems unit will supply 27 turbines for four community wind projects in northern Germany, according to a statement today from the Pune, India-based company. Suzlon will deliver the turbines through 2014 and maintain them for at least 15 years, according to the statement. Community wind farms are responsible for about half of REpower’s orders in Germany in the fiscal... Read more.. Date : May 15 Source: Bloomberg
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Fraunhofer and India sign MoU to develop solar pilot projectsIndia’s Ministry for New and Renewable Energy (MNRE) and the Fraunhofer Institute for Solar Energy Systems ISE have signed a memorandum of understanding (MoU) to develop pilot projects in PV, solar thermal and hydrogen. Under the agreement, the two parties will look to construct PV test centres, develop test regulations for concentrating solar collectors, provide solar thermal desalination demonstration systems and hydrogen technology for stationary and mobile applications. “For a long time now, Fraunhofer ISE and India have been involved in joint projects and the... Read more.. Date : May 15 Source: PV Tech
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Kozhikode gets a solution to waste menaceThe Kozhikode Corporation will launch its much-hyped project for the disposal of bio-degradable waste right at the source point on May 15. Corporation mayor A K Premajam will launch the scheme at Cheruvannur.
The civic body planned the project for disposal of waste at the source point after Kudumbashree units in certain wards stopped door-to-door collection of waste collection. It also failed miserably when it came to levying heavy fines on people who litter public places in its limit. It was after this that the civic body decided to find a lasting solution to... Read more.. Date : May 15 Source: Times of India
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FinMin to meet banks for reviving Maheshwar Hydel projectThe 400-mw Maheshwar Hydel Power Project, located in Madhya Pradesh and is stalled since 1998, will now get a renewed thrust from the government with the finance ministry will meet the bankers tomorrow to fund out means on how to kick start the project.
The move comes after the finance minister P Chidamaram identified projects worth Rs 7 lakh crore which are stalled at various stages of implementation. Power sector contributes a major chunk to the stalled projects.
According to lenders, Rajiv Takru, banking secretary in the... Read more.. Date : May 15 Source: Business Standard
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ONGC's first green building inauguratedState-owned ONGC's first Green Building in the country was today inaugurated by the company's CMD Sudhir Vasudeva on the occasion of Akshaya Tritiya here. An iconic building of Uttarakahand, it has been named green hills as it reflects the verdant green hills surrounding the Sivalik range. Addressing the gathering at the inaugural function the company's chairman and managing director said, "with the formal inauguration of its first green building, ONGC hopes it will usher in an era of undiminishing energy finds." Four more green buildings are coming up at ONGC... Read more.. Date : May 15 Source: Business Standard
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Reliance Power Solar-Thermal Plant Stalled by Water DelayA Reliance Power Ltd. (RPWR) solar-thermal plant should start up next month after missing a May deadline because Indian authorities failed to lay a water pipeline to the site in time, Chief Executive Officer Jayaram P. Chalasani said. The 100-megawatt project “is ready to go” as soon as the water arrives, Chalasani told reporters today in Mumbai. The Rajasthan state government is completing the pipeline and the plant should begin generating after testing, he said. India extended the deadline for solar-thermal plants by 10 months to March and will waive late penalties... Read more.. Date : May 14 Source: Bloomberg
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DRDO harnesses wind energy, differentlyIn a joint project of the Snow and Avalanche Study Establishment (SASE), a DRDO laboratory in Chandigarh, and the US army's Cold Regions Research and Engineering Laboratory (CRREL), a prototype has been developed to harness wind energy, which can overcome ice and snow accumulation on wind turbine structures. SASE has already installed a10kW capacity wind turbine as a pilot project in Banihal Top, J&K, in which the problems of snow riming and icing (accumulation of snow and ice on structures) were observed. Scientists at DRDO claim that there is no such wind turbine... Read more.. Date : May 14 Source: Times of India
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Wind power producers oppose competitive bidding for projectsThe newly-formed Wind Independent Power Producers Association (WIPPA) has started off with two major campaign themes — opposing price discovery of wind power tariff through a competitive bidding route and moving the judiciary to enforce renewable purchase obligation. WIPPA, which had been in the forming for several months now, was formally launched at Renergy 2013, a conference of the renewable energy industry organised here by the Tamilnadu Energy Development Agency (TEDA). WIPPA is an association of wind IPPs, or those companies whose main business is that of selling wind... Read more.. Date : May 14 Source: Hindu Business Line
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Punjab announces 40% subsidy on solar pumpsThe Punjab government today announced 40 per cent subsidy on purchase of solar pumps to incentivise farmers for using these pumps for irrigation. Chief Minister Parkash Singh Badal has sanctioned Rs 5 crore for providing this subsidy to farmers, a spokesperson said. A solar pump costs nearly Rs 2.50 lakh of which 40 per cent (Rs 1 lakh) and 30 per cent (Rs 75,000) as subsidy is borne by the state government and Centre, respectively, while balance 30 per cent is to be paid by farmer. The Chief Minister, however, said the priority would be given to those farmers... Read more.. Date : May 14 Source: Economic Times
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Madison Street Capital India and the Indian Institute of Corporate Affairs (IICA) Partner to Promote Corporate GrowthMadison Street Capital India (MSCI) and the Indian Institute of Corporate Affairs (IICA) have formed a partnership to provide businesses in India with access to training and consultation on corporate governance and sustainable growth models. The announcement was made by Charles Botchway, CEO of Madison Street Capital, parent company of MSCI. “We are very excited to partner with the Indian Institute of Corporate Affairs to assist companies in India as they look for the latest global best practices and models for sustainable growth,” said Charles Botchway, CEO of Madison Street... Read more.. Date : May 14 Source: Times Union
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NGT seeks Govt's response on plea against agri residue burningThe National Green Tribunal (NGT) today sought response from the Centre and states of Punjab, Haryana and Uttar Pradesh on a plea which claimed that burning of agricultural residue in these states is not only polluting the environment but also causes smog in the national capital. A bench headed by NGT Chairperson Justice Swatanter Kumar also issued notice and sought responses of the Environment Pollution (Prevention and Control) Authority (EPA) and the pollution control boards of the three states by the next date of hearing on July 1. The Tribunal was hearing an... Read more.. Date : May 14 Source: Zee News
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South to get the lion’s share of solar plantsSouthern districts will take the lion’s share of new solar power plants to be set up under the State’s Solar Energy Policy. Of the plants approved for 209 megawatt (MW), the south will have 155 MW, of which Ramanathapuram district alone accounts for 97 MW, Tuticorin 33, Sivaganga 17 and Virudhunagar 8. Capacities of the proposed plants vary from one MW to 10 MW to 23 MW to 60 MW. In monetary terms, this development means that these districts are likely to see investments to the tune of Rs. 1,240 crore, going by the benchmark capital cost of Rs. eight crore per... Read more.. Date : May 13 Source: The Hindu
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Mytrah Energy setting up 100 MW wind farm in TNMytrah Energy (India) Ltd is putting up a 100 MW farm near Coimbatore, Tamil Nadu. The farm will be fully built by September, U.B. Reddy, Chief Operating Officer, Mytrah Energy, told Business Line on Friday. The project is a part of Mytrah’s 240 MW expansion programme. Currently, the AIM-listed wind power company has generating capacity of 310 MW. It is now building capacities in Tamil Nadu, Karnataka (100 MW) and Andhra Pradesh (40 MW), Reddy said. RANGE OF TURBINES The first 310 MW used only Suzlon’s wind turbines. The upcoming 240 MW is split between... Read more.. Date : May 13 Source: Hindu Business Line
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BYPL plans solar power generationBSES Yamuna Power Limited (BYPL) is planning to generate solar power.
"BYPL's car parking at its head office in Karkardooma and other office locations will help generate over 355 KW of solar
power. In addition, BYPL's 88 REAP (Renewable Energy Assisted Pump) 'solar' pumps will help it harness an additional 100 KW of solar energy," said a BYPL official.
The project, costing Rs. 3.6 crore, has been partly funded by the ministry of new and renewable energy (MNRE).
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Avail loan to install solar system now by Corporation Bank nowCorporation Bank will now give micro-finance loans in southern state for installation of solar home systems, lightings, street light systems and solar based power plants, only if it manufactured by 'Solid Solar', a sister organization of Gautam Polymers. On Sunday the bank entered into a MoU with Solid Solar to boost non-renewable energy sector. The solar appliance manufacturer will leverage Corporation Bank's the vast network of branches in the all the five states down South to facilitate easy financing on solar systems, it will allow the bank to enlarge its funding support... Read more.. Date : May 13 Source: Times of India
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