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Sustainability Outlook Headlines
Government should give easier access to funds for solar sector: FICCITo give a boost to domestic solar energy projects, a separate window under the National Clean Energy Fund (NCEF) should be created to provide easy access to finance for such clean energy technology, industry body Ficci has said.
"A FICCI White Paper on reducing the cost of finance for solar energy projects through the National Clean Energy Fund (NCEF) has suggested creation of a separate window under the Fund to enable easier access to funds," a statement said.
The White Paper was released this week and submitted to the government for... Read more.. Date : Apr 25 Source: Economic Times
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Himachal to go for re-bidding in Kinnaur hydropower projectThe Himachal Pradesh government Tuesday decided to go for re-bidding of a multi-million dollar hydropower project that is currently under litigation between the Netherlands-based Brakel Corp. and Anil Ambani-led Reliance Infrastructure. The cabinet, presided over by Chief Minister Virbhadra Singh, also decided to reject the representation of both the companies to re-allot the 960-MW Thopan-Powari-Jangi project in Kinnaur district to them, a government spokesperson said. Brakel Corp. had challenged in the Supreme Court an earlier ruling of the Himachal Pradesh High... Read more.. Date : Apr 25 Source: SME Times
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IFC Plans to Lend $50 Million to Indian Solar Power Companynternational Finance Corp., the World Bank’s private-sector financing arm, plans to lend as much as $50 million to an Indian solar developer for building and operating power projects. Acme Solar Energy Pvt. will use the proceeds for a 25- megawatt grid-connected photovoltaic power plant in the state of Madhya Pradesh, according to a statement on the IFC’s website. The funding may be extended to other Acme projects in the states of Odisha and Andhra Pradesh, according to the statement. India, which plans to raise solar capacity eightfold by 2017, in May may call for... Read more.. Date : Apr 25 Source: Bloomberg
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Parivartan Sustainability Leadership Awards 2013 Launched; Advance deadline by June 14, 2013Sustainability Outlook, India’s only market access and collaboration platform focused on sustainability and low carbon development, today announced the launch of the Parivartan Sustainability Leadership Awards 2013. Parivartan Sustainability leadership awards are an annual initiative to recognize and celebrate sustainability innovations in Indian businesses. Award Nominations are invited from the companies, organizations, service providers, institutions and individuals who have successfully contributed to uptake of innovative sustainability measures in their area of operations. The... Read more.. Date : Apr 24 Source: Sustainability Outlook
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Chinese know-how for garbage-to-power projectRamky Enviro Engineers, the Greater Hyderabad Municipal Corporation’s (GHMC) private partner in undertaking the Integrated Municipal Solid Waste Management Project at Jawaharnagar, will be soon taking up construction of the four-stage garbage-to-power plant to utilise 2,400 tonnes of garbage generating 48 MW power daily. The power plant with technological support from one of China’s largest garbage-to-power firm Sanfeng-Covanta in Chongqing province, will take up to two years from the commencement of works to become operational once all government approvals are obtained, said... Read more.. Date : Apr 24 Source: The Hindu
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Mahindra Reva launches all-electric car in ChandigarhMahindra Reva, country’s electric vehicle pioneer, part of the USD 15.9 billion Mahindra Group, today unveiled its all-electric, zero-emission ‘Mahindra e2o’in Chandigarh which would be available at a per month cost of Rs 12,802 (including EMI and running cost). Speaking on the launch, Arun Malhotra, Chief Sales and Customer Care Officer, Automotive Division, Mahindra and Mahindra said “We are certain that the cutting-edge technological innovation that has gone into the Mahindra e2o will help customers remain connected in a convenient and cost-effective manner.” “... Read more.. Date : Apr 24 Source: Financial Express
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Suzlon implements $1.8 billion debt recast planWind turbine maker Suzlon today said it has implemented the $1.8 billion (Rs. 9,500 crore) debt restructuring package that includes preferential allotment of shares to its lenders. The completion of the Corporate Debt Restructuring (CDR) package would pave the way for Suzlon to normalise "business operations" and improve overall performance. Besides lenders' owning shares of Suzlon, the plan would also provide a two-year moratorium on principal and term-debt interest payments. Suzlon said the CDR package has been fully implemented with the signing of the Master... Read more.. Date : Apr 24 Source: NDTV Profit
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Country's first solar thermal power plant to go on stream next monthCountry's first solar thermal power plant developed by Chhattisgarh-based Godawari Green Energy Limited (GGEL) in Rajasthan would go on stream in May. The 50-Mw Solar thermal power plant set up in Naukh village located in the Jaisalmer district of Rajasthan is reported to be the first plant in the country. GGEL, the flagship company of the HIRA group in the renewable energy sector had pumped in Rs 700 crore on the project. "The project of thermal solar power plant is ready and we are planning to commission it next month," Hira Group Directors Dinesh Agrawal and Abhisekh... Read more.. Date : Apr 24 Source: Business Standard
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India: Emmvee commissions first phase of 20MW solar pant in HindupurEmmvee Photovoltaic Power Pvt Ltd has connected the first 5MW of its path breaking 20MW Solar Power Plant to the grid in Hindupur, Andhra Pradesh. This important milestone has been achieved in a mere 12 weeks. It’s also a first-of-its-kind project in Andhra Pradesh under the pioneering Open Access programme. By month-end a further 10MW will be connected to the grid, giving the plant power generating capacity of 25 million units per annum. This is equivalent to an annual saving of 23,000 tonnes of carbon dioxide. The remaining 5MW will brought on line in the coming... Read more.. Date : Apr 24 Source: PV Magazine
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Rajasthan Becomes Second Indian State to Cross 500MW Solar Power CapacityThe western Indian state of Rajasthan recently became the second state to have an operational solar power capacity of over 500 MW. Last year, another western state, Gujarat, achieved this milestone with its aggressive solar power policy. Rajasthan laid the foundation for India’s National Solar Mission. The state had unveiled its solar power policy, among the first in the country, a few years ago. The state had allocated a number of solar photovoltaic and solar thermal power projects under this policy. When the Prime Minister announced the ambitious National Solar Mission... Read more.. Date : Apr 24 Source: cleantechnica
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Welspun Energy ties up with NMIMSWelspun Energy, India's biggest developer of solar projects, today said it has entered into a pact with Narsee Monjee Institute of Management Studies (NMIMS) for exchange of knowledge and skills development in renewable energy industry. "Both institutes will jointly develop and organise workshops, seminars and conferences for knowledge sharing. Internships and placements will also be offered by India's leading renewable energy generator, for helping students develop practical knowhow about this upcoming industry," the company said in a statement here. Welspun Energy... Read more.. Date : Apr 24 Source: Business Standard
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Smart grid VC funding totalled $62 million in Q1 2013Smart grid venture capital (VC) funding in the first quarter of 2013, totalled $62 million in nine deals, according to Mercom Capital Group, llc, a global clean energy consulting firm. Mercom Capital said the quarter's funding was nearly identical to the first quarter of 2012, when the same amount was raised by smart grid companies but in 10 deals instead of nine. With the lone exception of home security and automation company Alarm.com's $136 million raise in Q3 2012, the pace of funding has remained largely unchanged for the past five quarters. After peaking in Q2... Read more.. Date : Apr 24 Source: Times of India
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India's wind energy output up 1250% in a decade: ReportIndia has aggressive renewable energy targets and industry energy efficiency policies. But it faces significant infrastructure challenges which may derail otherwise good policy. This is mentioned in a report on the country’s national climate policy by Climate Policy Initiative, a US-based global policy effectiveness analysis and advisory organisation. The report notes that despite challenges, the past decade saw a huge growth in the country’s renewable energy generation – especially wind, which grew 1250% from 2000-2010. The Policy Climate includes summaries of... Read more.. Date : Apr 24 Source: Daily News and Analysis
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Now, Sachin Tendulkar to light up villagesCricketing icon Sachin Tendulkar and Schneider Electric have joined hands to provide cheap, efficient and eco-friendly electrification in the rural areas in the country. "Sachin Tendulkar and Schneider Electric India have come together for 'Spreading Happiness', a non profit organisation, to provide access to rural electrification by installing solar home lighting systems for the benefit of over 25,000 villagers in India," Schenider Electric said in a release. The initiative has already rolled out a pilot project in Nashik (Maharashtra) and is currently impacting over... Read more.. Date : Apr 24 Source: Indian Express
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Solar Mission Phase II tariff fixed at Rs 5.45 a unitThe Ministry of New and Renewable Energy proposes to fix a tariff of Rs 5.45 per kWhr for solar power projects that would be awarded under the Phase II of the National Solar Mission, according to ‘Draft Guidelines’ released by the Ministry today. Those who want to put up solar power projects will now be asked for bid for ‘viability gap funding’ that would be given by the Government. The Government intends to provide viability gap funding for 750 MW of capacity. The selected developers will now work backwards and determine how much of funding they would require... Read more.. Date : Apr 23 Source: Hindu Business Line
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Tata Faces Crisis as $20 Billion Spent on Water: Corporate IndiaIndia, the world’s second-most populous nation, is doubling spending on water management to a record as conglomerates from the Tatas to Adani face shortages that the United Nations calls an impending crisis. The federal and state governments have set aside 1.1 trillion rupees ($20 billion) for sewage treatment, irrigation and recycling for the five-year period ending March 2017, G. Mohan Kumar, special secretary in the Ministry of Water Resources, said in an interview. The nation with 1.2 billion people, which treats only 20 percent of its sewage, is pouring more money as inadequate... Read more.. Date : Apr 23 Source: Businessweek
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Delhi fails to draw upon green energyWhen it comes to meeting renewable energy targets, the capital is among the worst performers. A report released by Greenpeace and Infraline Energy on Monday - which compares the strides made by 29 states to increase the share of renewable power in the total supply - shows Delhi's lack of ambition on this front. This is despite having a per capita consumption that is almost twice the national average. According to the report, Powering Ahead on Renewables: Leaders and Laggards, Delhi met 0% of its renewable purchase obligation (RPO) in 2012, while Meghalaya, Tamil Nadu,... Read more.. Date : Apr 23 Source: Times of India
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Bidding system revealed for phase II of India's solar missionThe second phase of India’s national solar policy will offer a new form of reverse bidding to install 750MW of solar capacity, the government has revealed in a draft policy.
This new form of reverse bidding requires the developer to quote the amount of money needed to construct the project to qualify for so-called viability gap funding (VGF) rather than quoting the electricity tariff to be paid by the electricity company as had previously been the norm.
The Ministry of New and Renewable Energy (MNRE) has established the Solar... Read more.. Date : Apr 23 Source: PV-Tech
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India Offers to Foot Bill for 30% of Solar Construction CostsIndia proposed to fund almost a third of solar-plant construction costs as it outlined rules for a second phase of project auctions today. The country, seeking bids next month to build 750 megawatts of capacity, is offering grants of as much as 25 million rupees ($46,000) a megawatt or 30 percent of project costs, according to the draft guidelines published on the website of the Ministry of New and Renewable Energy. The proposals mark the first time the solar industry has attracted such extensive direct grants in India. The government, which has previously used the... Read more.. Date : Apr 23 Source: Bloomberg
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Mytrah Said to Pick Banks for Business Trust OfferingMytrah Energy Ltd. (MYT), India’s third- largest wind farm developer, picked Morgan Stanley and Standard Chartered Plc to manage the Singapore initial public offering of some of its assets, two people with knowledge of the matter said. Mytrah, whose investors include Henderson Global Investors Ltd., may raise about S$500 million ($404 million) by listing the assets as a business trust, the people said, asking not to be identified as the process is private. The IPO may take place in the second half of 2013, they said. Hyderabad-based Mytrah, which is already listed on the... Read more.. Date : Apr 23 Source: Bloomberg
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MC to install water meters, but this time private players to run the showTo avoid wastage of water in the city, the Ludhiana Municipal Corporation is back with a formula which had failed to produce the desirable results 15 years ago. However, this time, private agencies will be hired through tendering process to handle the whole functioning of water meters in the city right from reading the meters to generating bills and collecting payments. As per a proposal of the MC budget 2013-14, under Operations and Maintenance Cell, the project to install water meters in the city will be finalised in the coming two to three months. The total project, which... Read more.. Date : Apr 22 Source: Indian Express
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Animal waste to power lights, double as cooking gasAnimal waste from the city's abattoirs dumped with garbage has been raising health concerns. Now, a Bhabha Atomic Research Centre (BARC) project promises to convert part of such waste into power using biomethanation.
BARC has identified Villivakkam abattoir as one of the two places to set up three biomethanation plants in the city. At the Villivakkam abattoir, about 150 animals are slaughtered on weekdays and 200 on weekends. The other two plants would come up in Pulianthope, where other biodegradable waste, including vegetable peels and food... Read more.. Date : Apr 22 Source: Times of India
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Petrol pumps in region shift to solar energyAs you drive on Vaijapur road near Aurangabad, don't be surprised if you spot huge solar panels near petrol pumps. Harrowed by constant load shedding, owners of petrol pumps in the region, especially those in rural areas, are switching to solar power. Four petrol pumps located on the outskirts of Sillod, on Vaijapur road and Beed bypass road near Aurangabad, are currently running the petrol dispensing machines with the help of solar energy. Experts claim there are 75 petrol pumps in the country running on solar energy, of which 12 are in Maharashtra. Last Sunday,... Read more.. Date : Apr 22 Source: Times of India
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Experts suggest novel ways to treat Bhubaneswar wasteThe sight of vehicles engaged in collecting garbage littering the streets is not uncommon in the city. Given the outdated method in which municipal wastes are disposed, it is high time the state capital comes up with a new way, experts suggest. The Bhubaneswar Municipal Corporation (BMC) has engaged three private firms, which collect the garbage dumped by the residents .Officially, they are supposed to dump these in an identified dump yard at Bhuasuni on the city outskirts. However, there have been frequent complaints about the collection and disposal of wastes not being done... Read more.. Date : Apr 21 Source: Times of India
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Some solar projects may escape local content ruleThe Ministry for New and Renewable Energy proposes to have two categories of projects under the Jawaharlal Nehru National Solar Mission — one with mandated domestic content and the other allowing use of imported equipment. To participate in the National Solar Mission, developers have to buy solar cells and modules from domestic manufacturers and sign power purchase agreements with power plants under the mission. In return, they receive benefits including subsidies through guaranteed long-term power tariffs. US PRESSURE By having two categories, the... Read more.. Date : Apr 21 Source: Hindu Business Line
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