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Sustainability Outlook Headlines
Maharashtra govt may make industrial water recycling compulsoryDate : Feb 27 Source: Livemint
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Railways to go green with own power companyRailways, a bulk consumer of energy, has proposed to set up a Railway Energy Management Company shortly to bring efficiency in energy consumption and help in power purchases. At present, Railways foots a bill of Rs 9000 crore in electric consumption. The company would be formed with 51 per cent equity by RITES and 49 per cent by Railways, railway board Member Kul Bhushan told reporters. He said the company will be taking up all green energy initiatives and infuse "technological reforms and initiatives to bring energy efficiency and reduce energy consumption".... Read more.. Date : Feb 27 Source: Times of India
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Rail budget boost for wind power sectorRailway Minister Pawan Kumar Bansal Tuesday granted a veritable boon to the beleaguered wind turbine sector by announcing a proposal for setting up 75 MW windmill units. Presenting the railway budget for 2013-14, Bansal announced "setting up of 75 MW windmill plants and energising 1,000 level crossings with solar power". He said that as a measure to protect the environment and to promote sustainable development, a railway energy management company will be set up to harness the potential of wind and solar power. Welcoming the minister's announcement, Ramesh Kymal... Read more.. Date : Feb 27 Source: News Track India
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Suzlon Energy rallies on bagging ONGC orderSuzlon Energy has rallied almost 8% to Rs 22.90, after India’s largest wind-turbine maker said that it wins 103-megawatt (MW) order from Oil & Natural Gas Corporation Limited (ONGC). “The project comprises 49 units of Suzlon’s S88-2.1 MW wind turbines to be set up in the north western state of Rajasthan,” Suzlon Energy said in a regulatory filing. Suzlon will complete the project in the financial year ending March 31, 2014, it added. The stock opened at Rs 21.70 and hit a high of Rs 23.25 on the National Stock Exchange (NSE). The counter has seen a rise in... Read more.. Date : Feb 27 Source: Business Standard
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Country's biggest solar power plant to be set up in MPCountry's biggest solar power plant to generate 130 MW electricity would be set up in Neemuch in Madhya Pradesh. The ambitious project cleared by departmental advisory committee of the State department New and Renewable Energy, according to press release here on Tuesday. 1,000 acre land has been earmarked for the plant in Neemuch district. Renewable energy accounts for just five per cent in total energy generation in Madhya Pradesh. At present, work is underway for 311 MW solar power projects in the state. New and Renewable Energy department officials said that as much as 460... Read more.. Date : Feb 27 Source: Times of India
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EU Regulator to Provide Guidance on UN Carbon Offset TreatmentThe European Union’s regulatory arm plans to provide guidelines on its treatment of imported carbon credits following a rule change in the bloc’s emissions trading system, according to a statement published today. The European Commission advice covers the certification requirement for some United Nations carbon offsets, which are reductions that compensate for emissions made elsewhere, it said today on its website. The guidance will be made public before the changes to the bloc’s emissions registry come into force, according to the statement. The guidance affects UN... Read more.. Date : Feb 27 Source: Bloomberg Businessweek
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Starbucks to Eliminate Uncertified Palm Oil by 2015Starbucks has agreed to purchase 100 percent of its palm oil from certified sustainable suppliers by 2015, according to Green Century Capital Management. Starbucks made the change in response to a shareholder resolution filed by the Green Century Balanced Fund, which describes itself as an environmentally responsible mutual fund. Green Century was concerned about the environmental practices used to secure palm oil for many of Starbucks’ food products. The company has agreed to become a member of the Roundtable for Sustainable Palm Oil, and work with Green Century... Read more.. Date : Feb 27 Source: Environmental Leader
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Solar power for your phoneA transparent film that costs just €1 (around Rs.70) to make could end the anguish of mobile phone users facing the dreaded dead-battery message. Wysips, a start-up based in Aix-en-Provence, France, has developed a photovoltaic film which can be built seamlessly into a mobile phone screen and deliver the joy of life to a flat battery. At the world’s biggest mobile fair, Mobile World Congress, in Barcelona, Spain, which is on till Thursday, the gadget was evoking interest among handset manufacturers and its inventors said they hoped the first mobiles equipped with the... Read more.. Date : Feb 27 Source: Livemint
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Country's first silicon making unit likely in BhandaraVidarbha may turn out to be the country's Silicon Valley. The region is high on the radar of public sector undertaking Bharat Heavy Electricals Limited (BHEL) which is planning to set up the country's first silicon manufacturing unit. BHEL is already coming up with a fabrication plant for power equipment in Bhandara district. The PSU, which makes heavy equipment for the conventional power sector, is eyeing growth in the solar energy sector where silicon cells are used to generate power. The company has drawn plans to set up a Rs2,000 crore plant for making silicon and... Read more.. Date : Feb 27 Source: Times of India
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Water solutions firm sets up Rs 110-crore facility in SavliFrom providing water solutions management to water recycling and treatment system, a US-based water technology provider has set its eyes on the Indian markets. Xylem is all set to commission its manufacturing facility at Savli-GIDC in Vadodara by April this year. The Indian arm of $4 billion firm has already invested Rs 110 crore in the facility that that is spread over 22,000 square metres. Xylem Water Solutions India Private Ltd plans to address critical water-related issues by supplying its water transport, treatment and testing products to several sectors. While Xylem... Read more.. Date : Feb 27 Source: Times of India
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India to Boost Solar-Power CapacityIndia is moving forward with plans to increase solar-power generation capacity nearly eightfold to more than 10 gigawatts by March 2017, with the government prepared to spend up to 60 billion rupees ($1.1 billion) in subsidies to reach the target. The total cost of the program will be around 700 billion rupees ($13 billion), Ministry of New and Renewable Energy Joint Secretary Tarun Kapoor said in a recent interview. The decision to move ahead with the capacity expansion, first mooted in a draft policy paper in early December, could be a shot in the arm for Indian... Read more.. Date : Feb 27 Source: Wall Street Journal
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Lanco Seeks Investors to Boost Solar Capacity: Corporate IndiaLanco Infratech Ltd. (LANCI), India’s second-biggest non-state power generator, is seeking private- equity investors to help expand its solar capacity fivefold as a coal shortage roils its thermal business and payment default22222s by state utilities widen the group’s losses. Lanco needs funds to meet a plan of adding 500 megawatts annually in three years, with 350 megawatts to be built for customers and the rest coming from its own plants, V. Saibaba, chief executive officer of the New Delhi-based company’s Lanco Solar unit said in a telephone interview. Government policies... Read more.. Date : Feb 26 Source: Bloomberg
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India nears renewables goal with 12.4GW added in 3 yearsIndia, seeking to generate 30 gigawatts (GW) of power from renewable sources by 2017, increased capacity by 12.4GW in the past three years by adding wind, biomass, solar and hydro plants. Wind power accounted for the biggest increase, at 8.3GW, the ministry of new and renewable energy said in a statement on the government’s website. India added 1.8GW of biomass, 1.2GW of solar and 1.1GW of hydro power in the three years through January. “The South Asian country’s current renewables capacity totals about 26GW,” new and renewable energy minister Farooq Abdullah said in... Read more.. Date : Feb 26 Source: Livemint
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AEG Power bags 30 MW solar power plant orderAEG Power Solutions, a global manufacturer of power electronic systems and solutions for industrial power supplies and renewable energies, has bagged a 30 Mw solar power plant project from Madhya Pradesh-based M and B Switchgears Ltd. AEG Power Solutions Group is the sole subsidiary of the holding company 3W Power SA based in Luxembourg. The Group is headquartered in Zwanenburg in the Netherlands. AEG will provide M and B Switchgears high reliability inverters for their solar power plant in the first quarter of 2013, the company said in a statement. “With this... Read more.. Date : Feb 26 Source: Business Standard
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South Indian City of Anantapur To Go Solar and Save $1 Million Every YearThe municipal corporation of Anantapur in the south Indian state of Andhra Pradesh is set to become the first municipality in the country to set up a solar power project to power its water pumping operations and street lights. The impressive plan includes installation of 5 MW of a solar PV project in the city. The project will be connected to the state’s power grid and will power the water pumping and street lights of the entire municipality’s area. Anantapur is blessed with significantly high solar energy resource and has already attracted investment from project developers... Read more.. Date : Feb 26 Source: cleantechnica
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Tatas invest in Swiss solar tech developer FlisomThe Tata Group has been increasing its investment in the solar power business. The tea-to-telecom conglomerate recently invested in Zurich-based solar technology developer Flisom, which raised capital for the third time. The group, through Tata Industries, is already a strategic investor in eight-year- old Flisom, which was spun off from the Swiss Federal Institute of Technology. Flisom, which also has other investors, will use the proceeds to set up a 15 MW solar module plant in Switzerland. The Tata Group supports Flisom as it believes that the Swiss company's... Read more.. Date : Feb 26 Source: Times of India
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Waste management plant in Kuthambakkam soon?The city’s waste management plant may soon be set up in Kuthambakkam. Of the 10 bids received by Chennai Corporation from private companies for the setting up of such plants to process municipal solid waste, six have proposed that such a facility be set up in Kuthambakkam. The four other companies had named Minjur as their preferred locality. The bids were from the 10 companies short-listed by the civic body to tackle the growing problem of waste disposal in the city. Kuthambakkam, which has a 99-acre plot of land identified for the project, is significantly larger... Read more.. Date : Feb 26 Source: The Hindu
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Govt to discuss Arunachal hydro projects on TuesdayCabinet secretary Ajit Seth has called a meeting on Tuesday to discuss issues relating to hydropower generation in Arunachal Pradesh. With China planning to divert water from rivers that flow into the Brahmaputra to the arid zones of Xinjiang and Gansu, India is worried about the slow pace of work on projects awarded in the state that borders the neighbouring country. “A meeting has been called,” a government official said, requesting anonymity. Construction work on 88 hydropower projects totalling 33,154.5 megawatts (MW) awarded to private companies by the... Read more.. Date : Feb 26 Source: Livemint
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DU college harnesses wind energy churned out by Metro trainsStudents and teachers of Kalindi College, Delhi University, have come up with an innovative way to harness wind energy produced by Metro trains. The project, a part of the university’s Innovation Projects Scheme, aims to use the high speed winds produced by trains, as they move, for electricity. The team, which consists of 10 students and two teachers, has proposed using small turbines that are placed strategically to tap the energy. A turbine has a rotator with blades attached to it. When the wind strikes the blades, they start moving and mechanical energy is... Read more.. Date : Feb 25 Source: Hindustan Times
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Indoor air pollution kills 1.3mn IndiansOver a million people in India — among highest in the world — die every year because of indoor air pollution. But the country’s top advisory body the Planning Commission wants more epidemiological studies before it agrees to put in place national indoor air pollution norms. Indoor air pollution is a bigger killer than outdoor air pollution in India with the recent global burden of diseases report listing the former as second biggest killer after high blood pressure in India. The numbers clearly back this data. Around 1.3 million people died of indoor air... Read more.. Date : Feb 25 Source: Hindustan Times
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Varanasi Municipal Corporation may rehire A2Z to complete waste management plant workVaranasi Municipal Corporation may soon contact private company A2Z to complete the leftover work at the solid waste management (SWM) plant at Kadsada. According to municipal commissioner RP Singh, around 70 percent of the construction work has been completed at the plant, and the rest has been pending ever since August 2012 when A2Z left working in the city. Now, either he company may be requested to complete the work, or a new agency will take over the construction task for early and full operation of the plant.Singh also informed that construction and design services (CNDS... Read more.. Date : Feb 25 Source: Times of India
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India Sustainability Conclave 2013FICCI is organizing the second India Sustainability Conclave on February 25-26, 2013 at New Delhi. The Conclave is a platform for knowledge sharing on trends and practices in corporate sustainability. Corporate Sustainability is emerging as an integral part of the business policies worldwide rather than a standalone business mandate. FICCI as the voice of Indian business and industry launched its annual flagship event – India Sustainability Conclave in March 2012 in New Delhi. The Conclave is a platform for knowledge sharing on trends and practices in corporate... Read more.. Date : Feb 24 Source: Sustainability Outlook
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Save energy or face penalty, Ministry warns companiesAfter successfully reducing the use of incandescent bulbs by shifting to CFL bulbs, the Union Power Ministry now plans to move to the next level by promoting LED bulbs to save power. This is one of the ministry’s major efforts to reduce power consumption with a specific target on consumers, farmers and companies, said Union Power Secretary P. Uma Shankar. CARROT AND STICK The Government itself will procure nearly two crore LED bulbs to be distributed to people living in rural areas and those below the poverty line. Earlier too, it had procured around two crore CFL... Read more.. Date : Feb 24 Source: Hindu Business Line
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Budget 2013: Finance solar energy projects at competitive rate of interest, demands FICCIGiven the challenges confronted by the solar industry due to scarcity of funds, FICCI solar energy task force has asked the government to make available low cost capital to provide a competitive edge to the Indian solar value chain. As per an estimate given by FICCI solar task force -- representing the entire value chain of the solar industry -- the difference between the lending rates of Indian banks and that of foreign lenders is around 10%. Notably, rate of finance in India is between 13-14 per cent, whereas countries like Germany and China have kept it as low as 5-6 per... Read more.. Date : Feb 24 Source: Economic Times
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Shriram group to inject Rs 600 cr into Shriram EPC, subsidiariesChennai-based Shriram group will pump in around Rs 600 crore into Shriram EPC and its listed subsidiary, Orient Green Power Ltd. This was decided at a board meeting today, with the aim of restructuring the two companies. When this exercise is completed, Shriram EPC will get back the loans it gave OGPL and a clutch of other, smaller subsidiaries. It will also receive cash for the transfer of its stake in the subsidiaries to its (Shriram EPC’s) parent company, Shriram Industrial Holdings Ltd. Shriram Industrial Holdings will also invest Rs 150 crore in the preference capital of... Read more.. Date : Feb 24 Source: Hindu Business Line
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