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Sustainability Outlook Headlines
Shale gas exploration policy in next 10-15 days: MoilyIndia will unveil a shale gas exploration policy in next fortnight as it looks to exploit unconventional hydro-carbon resource to meet its growing energy needs. “We will take a shale gas policy to the Cabinet (for approval) in couple of days,” Oil Minister M Veerappa Moily said at a function here organised to mark the beginning of natural gas sales from the predominantly oil-rich Rajasthan block. The policy, based on which the Government will launch its first auction of shale gas block by 2013-end, is likely to be approved by the Cabinet in 10 to 15 days, he said. ... Read more.. Date : Mar 23 Source: Hindu Business Line
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SOLARCON® India 2013 to highlight the importance of PV manufacturing in IndiaToday, SEMI, the global industry associationserving the photovoltaics, nano- and microelectronics manufacturing supply chains, announced SOLARCON® India 2013 the fifth edition of its solar focused trade show and conference to be held at the KTPO Exhibition Complex in Whitefield, Bangalore, India from 1-3 August, 2013. Impressive PV installation growth in India, now cumulatively in excess of 1 GW, has been overshadowed by the fact that PV manufacturing in India is going through a deeply challenging phase with several cell and module manufacturers having to restructure and... Read more.. Date : Mar 23 Source: Sustainability Outlook
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Bosch to exit solar energy business, sell off partsDate : Mar 23 Source: Economic Times
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Corporation plans to convert organic waste into biogasThe city municipal corporation is planning to convert the organic waste generated from the main vegetable markets and other sources including hotels, slaughter houses, animal shelters, community centres and marriage halls into bio energy. As per the proposal, bio gas plants will be constructed close to the Anna Aringar daily market near Saibaba Colony and at the proposed new modernised market site in Kavundampalayam, after the proposed shifting of the whole sale vegetable market. Corporation officials say the bio energy produced could be used as an alternative source of power for... Read more.. Date : Mar 23 Source: Times of India
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Suzlon Energy ropes in Amit Agarwal from Essar Steel as CFOPE-backed wind turbine maker Suzlon Energy Ltd has appointed Amit Agarwal as its new CFO. Agarwal, who replaced Kirti Vagadia, will report to chairman Tulsi Tanti. Vagadia will now focus on his own role as head of finance at the Suzlon Group, which includes its wholly owned German subsidiary REpower Systems SE. “Amit's previous role as CFO of Essar Steel, has given him rich and extremely relevant experience that I know we will now benefit from," said Tanti. Prior to Essar Steel, Agarwal was the CFO of Essar's North America operations and at Arcelor Mittal’s Long Carbon Europe... Read more.. Date : Mar 22 Source: VC Circle
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Units, not megawatts for Mahagenco's solar powerIn a unique model, Mahagenco is asking solar power producers to build, operate and maintain a solar power plant, on a quasi-ownership model. As per this model, a private developer selected would have to raise finances, and set up a solar power plant, maintain it and generate power from an asset which will remain in the state power generating company's books. The developer will get a right over the project for ten years. “This is the first time for this model in India. We are trying to ensure developers are sure of this project, and must be aware of it,” said... Read more.. Date : Mar 22 Source: Business Standard
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Consider separate credit limits for renewable energy projects: Govt to PSBsWith huge investments targets for renewable energy projects including solar and wind power, the government wants the public sector banks to consider separate limits to improve fund flow to this sector. Bank loans to power sector have shown consistent growth. But banks give preference for conventional power projects than renewable energy units. This issue was part of agenda at a meeting the union finance minister had with chiefs of public sector banks in Delhi on March 18, said top public sector bank executive. The outstanding exposure rose to Rs 4, 07,200 crore... Read more.. Date : Mar 22 Source: Business Standard
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‘Only 10% of India’s dirty water is treated’A UN report has described India’s water pollution situation as a “time-bomb” while praising social activist Anna Hazare’s village Ralegan Siddhi for using the scarce commodity in a rationale manner. In a stinging remark on water administration in India, the report says India is able to treat just 10 % of its city sewage and industrial waste discharge, the most polluting source for rivers and water bodies. “Presently, only about 10% of the waste water generated is treated; the rest is discharged as is into our water bodies. Due to this, pollutants enter rivers, lakes... Read more.. Date : Mar 22 Source: Hindustan Times
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Meghalaya plans hi-tech renewable energy policyThe Meghalaya government is contemplating a hi-tech, environment-friendly approach to counter power deficiency in the state besides contributing to the environment through its Meghalaya Renewable Energy Policy, which is on the offing. This was informed by chief minister Mukul Sangma, who also holds the power portfolio in the state assembly. "It is time that we redesigned our approach," he said. There is an urgent need to have a policy on renewable energy which the government is working on and we will soon complete the draft policy, he said. He expressed hope that the... Read more.. Date : Mar 22 Source: Times of India
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NTPC commissions first solar power plantEven as ambitious plans of Noida and Greater Noidadiscoms to establish non-conventional energy projects are yet to take shape, NTPC-Dadri is all set to begin operations of a 5MW solar power plant by the end of this month. The solar plant, built at a cost of Rs 48.59 crore, will be the first non-conventional energy project of the district. With its commissioning, the Dadri unit of NTPC will also be the first non-conventional energy project from several such works undertaken by the public sector utility in the entire country. The... Read more.. |
Rainwater harvesting likely to be mandatory for new structures in KeralaThe State Government has given an in-principle nod to a proposal requiring all new buildings and houses to mandatorily feature provisions for rainwater harvesting. Briefing newspersons here after a Cabinet meeting, Chief Minister Oommen Chandy said this would form part of efforts to conserve water resources in an increasingly drought-prone State. PANEL APPOINTED A Cabinet subcommittee comprising P.J. Joseph, minister for water resources; M.K. Muneer, minister... Read more.. |
Simpa Innovates With Pay-As-You-Go Solar in IndiaIndia-based Simpa Networks is using a pay-as-you-go method to make solar energy affordable to people living in rural areas in that country. After making a small down payment for a high quality solar home system, customers pre-pay based on actual energy use through their cell phone. Each small payment contributes to the final purchase price. The Asian Development Bank announced it would make a $2 million equity investment in Simpa, which will extend the service to more than 60,000 households by... Read more.. |
India's Karnataka State to Tender for 130 MW of Solar ProjectsIndia’s Karnataka state plans to tender for 130 megawatts of solar power projects next month, the state electricity utility said. Developers may submit bids for building one or more projects having three to 10 megawatts capacity, according to a tender document from state-owned Karnataka Renewable Energy Development Ltd. Companies may submit bids for both solar photovoltaic and solar thermal projects, it said. The developers will be responsible for laying power lines from their project to... Read more.. |
'Progress in Hydropower production is on track'At the end of first year of 12 the five years plan, India is almost on track in its journey towards the goal of additional hydropower output. Hydropower rich states are hopeful of successful achievement of the target at the end of the whole plan period. Against the generation target of 122.045 Billion Units (BU), from various conventional hydro sources for 2012-2013, the first year of the 12 th Plan period, the actual generation during April 2012 to February 2013 has been recorded as 104.937 BU that is over 91% of the target - as it has come out in the power ministry data... Read more.. Date : Mar 21 Source: Economic Times
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Use renewable sources of energy, says AbdullahUnion Minister for New and Renewable Energy Farooq Abdullah Wednesday called for making extensive use of renewable sources of energy to reduce the country's dependence on conventional sources. Speaking at the commissioning of the 40 kwp (kilowatts-peak) solar power project at Raj Bhavan, Abdullah said that making use of solar power and wind power will help reduce the country's dependence on conventional sources of fuel such as coal, petroleum and gas. He also pointed out that the nation of the size of India cannot do without nuclear power. Under the Raj Bhavan... Read more.. Date : Mar 21 Source: News Track India
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'Reconsider decision to drag India to WTO on solar energy''A dozen-odd eminent American and international organisations have asked the US to reconsider its decision to drag India to the World Trade Organisation (WTO) over solar energy policy. In a letter to US Trade Representative (USTR) on Thursday, these organisations... Read more.. |
Suzlon to raise $650 m in $ bonds to retire debt
As part of its debt restructuring package, the beleaguered Suzlon Energy will raise $650 million via five-year dollar-denominated bonds, backed by a consortium of lenders. The proceeds of the bond issue will be used to repay a maturing dollar loan. In January this year, the Pune-headquartered wind energy firm was able to convince bankers to allow it to recast its debt. The consortium of 19 banks had approved the R11,500-crore loan bailout package. The debt-laden company is looking to refinance a loan of about $650 million. However, given that its finances are in a... Read more.. Date : Mar 21 Source: Financial Express
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India to install 1300-1400 MW solar power in 2013India is likely to see additional installation of 1300 MW to 1400 MW of solar power this year, clean energy consulting company Mercom Capital Group has said. According to Mercom Capital Group, India installed 980 MW in 2012, slightly lower than the forecast of 1,090 MW. "The difference was largely due to delays in Gujarat to commission 144.5 MW of PV projects. Moreover, most states missed their renewable portfolio obligations (RPO) goals as enforcement is almost non-existent," Mercom... Read more.. |
Cheaper water meters likely to boost installationWater meters for domestic consumers may cost Rs 200 less as the state government has announced that taxes on such meters will be waived. The announcement by deputy chief minister Ajit Pawar during the presentation of the state budget on Wednesday is significant as installation of water meters for domestic consumers is underway in Pune. In neighbouring Pimpri Chinchwad, most residential areas and commercial establishments have had water meters since the last four years Pawar said civic bodies across the state are installing meters to ensure there is no wastage of water... Read more.. Date : Mar 21 Source: Times of India
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Telcom operators seek sops for meeting green targets to power cellular towersTelecom operators have told the government that they will not be able to achieve the 2015 target for using renewable energy to power cellular towers unless they are provided subsidy or viability funding. At an inter-ministerial meeting with the telecom department, the operators said it would cost about Rs33,000 crore to comply with the directive to run 50% of towers in rural areas and 20% in urban areas on hybrid power by 2015. According to the telecom department, this combination of renewable energy and grid power will help reduce carbon emission by at least 8% compared with... Read more.. Date : Mar 20 Source: Economic Times
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Leaking pipelines open floodgates of problemsEven as the Greater Visakhapatnam Municipal Corporation (GVMC) is struggling to meet the rising water demand from both domestic and industrial users in the city, millions of gallons of water is going waste every day due to leakages arising from improper maintenance of public taps and a faulty supply system being followed by the civic body. Factors like rusted water pipelines, loosened valves of the pipes and a number of headless public taps are the reasons behind the rampant wastage of water in the Port City. ... Read more.. Date : Mar 20 Source: Times of India
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Project for heat-cooling applications for industriesThe Union Ministry of New and Renewable Energy (MNRE), with support from the United Nations Development Programme (UNDP), has initiated a project on promotion and market development of solar thermal in process heat applications in industries in India. The project is aimed at targeting low to medium temperature range to satisfy both heating as well as cooling demand for the sector. Assigned to Pricewaterhouse Coopers (PwC) for its execution, the overall objective of the MNRE-UNDP-GEF supported... Read more.. |
Green audit proposal on Pollution Control Board's radarWest Bengal Pollution Control Board is working on a proposal to introduce green audit in the state's corporate sector. At present, only Gujarat has the provision of mandatory environment audit that was put in place following a high court ruling. Speaking on the sidelines of an international seminar on enforcement and compliance of environmental laws, PCB chairman Binoy K Dutta said the environment audit proposal had been discussed at the board and preliminary talks had been held with counterparts in Gujarat to learn how the... Read more.. |
Experts to screen proposals for waste management plantsA panel of experts from agencies including Central Pollution Control Board and National Environmental Engineering Research Institute will scrutinise proposals for new solid waste management plants in the city. The Chennai Corporation has shortlisted 10 proposals for the plants that are to come up on the outskirts. All the shortlisted companies will make a detailed presentation of the proposals and experts will identify technology that is clean. They will reject technologies likely to pollute neighbourhoods such as Kuthambakkam and Minjur, after the city’s waste... Read more.. Date : Mar 20 Source: The Hindu
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Sunpreme completes largest commercial rooftop PV installation in PunjabSunpreme, a solar power producer headquartered in California, US, has completed, it claims, the largest commercial rooftop PV installation in Punjab, India. The 150kW rooftop PV array has been installed at the Guru Nanak Dev Super Speciality (GNDSS) Hospital. It is equipped with Sunpreme modules which have a double glass construction with a thin, frameless design. The system also utilises inverters supplied by German PV manufacturer SMA. The system is expected to generate around 225,000kWh of electricity every year. Over 25 years, the Sunpreme PV system is expected to... Read more.. Date : Mar 20 Source: PV-Tech
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