8-year sops for renewable energy projects likely in 12th Plan: AbdullahThe 12th Plan may include eight-year-long generation-based incentives and depreciation allowance to boost energy from new and renewable sources. This was indicated by Farooq Abdullah, Minister for New and Renewable Energy, at the India Carbon Market Conclave here on Thursday. Abdullah said, “The provision for inclusion of these incentives have been discussed with the Planning Commission and I have requested them to offer these for a larger period of eight years rather than five given during the 11th Plan.” The full Planning Commission is slated to meet here on... Read more.. Date : Sep 14 Source: The Hindu Businessline
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Shoppers Stop turns to solar power to avoid service tax on electricityOn the roof of Shoppers Stop's first department store in the suburbs of Mumbai, a green initiative is underway in the form of solar panels feeding power to the store. It's not just a drive to go green but also an effort to offset the skyrocketing cost of power.
"The company is trying to rework power consumption as mall owners and retailers will have to pay 12.5% service tax on electricity with effect from July this year according to a recent government notification," Govind Shrikhande, managing director at Shoppers Stop, says. "The difference between solar power cost... Read more.. Date : Sep 14 Source: Economic Times
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Clean Tech Startup Finds Poor Villagers Are More Profitable Than Mobile Telecom
In 2010, a few veterans of India’s mobile sector set out to solve a vexing problem with the country’s 400,000 cellphone towers. The mobile network had grown like wildfire, far faster than the country’s unreliable electrical grid, and many towers were forced to rely on dirty diesel generators.
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Big India plans for next-gen Finnish power companyFinnish power generation company Fortum, which focusses on low emissions, resource-efficiency and energy security, sees energy-hungry India as a market with huge potential. "India is important for Fortum because of its growing electricity needs," Tapio Kuula, president and chief executive officer of Fortum, told a visiting IANS correspondent here. Though Fortum sees itself as an expert in power generation from biomass and waste, its power generation from this source amounts to only two percent of its total generation of 72.7 terawatt hours (TWh), nuclear and hydro power being the... Read more.. Date : Sep 13 Source: hindustantimes
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OpenADR Alliance Announces First Open Automated Demand Response 2.0a Certified Products
MORGAN HILL, Calif., Sept. 12, 2012 (GLOBE NEWSWIRE) -- The OpenADR Alliance, a nonprofit corporation created to foster the development, adoption and compliance of the Open Automated Demand Response (OpenADR) Smart Grid standard, today announced the first deployment of OpenADR-certified devices from a number of members, including EnerNOC, Honeywell, IPKeys Technologies (IPKeys) and Universal Devices. The OpenADR 2.0a profile specification--announced August 14 as the only existing open data model to bridge communications between a utility and customer-owned control systems--enables... Read more.. Date : Sep 13 Source: Yahoo Finance
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Rising number of top firms believe climate change is threat to businessMajor companies are increasingly concerned that they are at risk from climate change in the face of recent extreme weather events such as drought and floods, according to a report published on Wednesday. More than one-third (37%) see the physical risks of a changing climate as a real and present danger, up from just 10% two years ago, says the latest Carbon Disclosure Project (CDP) Global 500 report, a survey of top global companies. Four-fifths (81%) identify climate change risks to their business operations, supply chains and plans, up from 71% last year. Of... Read more.. Date : Sep 13 Source: The Guardian
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Rajasthan has most solar project that have achieved financial closureRajasthan has the highest number of solar power projects that are in the process of implementation or have achieved financial closure, data provided by the nodal agency for the programme NTPC Vidyut Vyapar Nigam Ltd (NVVN) showed. Under the first phase of the Jawaharlal Nehru National Solar Mission (JNNSM) the government had, in January 2011, signed power purchase agreements (PPAs) for 28 solar PV projects of 5MW each - a combined capacity of 140MW. These projects are to be commissioned by the solar project developers (SPD) within one year from the date of signing of... Read more.. Date : Sep 13 Source: domain-b
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Agartala to be Northeast India's first solar cityTo reduce dependency on conventional energy, the Tripura government Wednesday announced ambitious plans to make Agartala a 'solar city', replacing at least 10 percent of usual power use by solar energy. "Agartala city would be the first 'solar city' in northeast India within the next few years," Tripura's Urban Development Minister Manik Dey said after inaugurating a 50 kilowatt solar power plant at the Agartala Municipal Council head office here. He said: "Solar power is the sustainable and viable energy for both cities and remote areas. Electricity crisis would not... Read more.. Date : Sep 12 Source: Newstrack India
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IIM-A switches to solar power, takes 66% off billThe Indian Institute of Management, Ahmedabad (IIM-A) is practising what it teaches-making the most of available resources. The premier institute may soon become an energy independent business school by using solar energy and other energy-efficient products. IIM-A alumnus Akshat Khare and his partner Dhaval Shah, a Nirma University graduate, are helping the institute go the solar way by installing solar streetlights on the campus. The duo, through their start-up Nessa Illumination Technologies have also replaced IIM-A's 150-watt sodium streetlights with 60-watt LED... Read more.. Date : Sep 12 Source: Times of India
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25 Innovative Solutions Shortlisted in Response to India Inc’s quest for Enabling Uptake of SustainabilityInnovations ranging from geothermal based cooling system that reduce loads on HVACs to waste recovery systems that help reuse materials in newer ways, feature in the shortlist of 25 innovative solutions that have been selected as finalists in the Parivartan Sustainability Leadership Award’s Resource Innovation Challenge. Solutions have emerged from large firms such as Tata Consultancy Services and Volvo India, to specialized firms such as Rossari and Ecolibrium. Parivartan Sustainability Leadership Awards have attracted business innovations from all across India and its process is... Read more.. Date : Sep 12 Source: Sustainability Outlook
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Parivartan Sustainability Leadership Awards 2012 announces shortlist of Indian businesses geared to address resource challengesParivartan Sustainability Leadership Awards today announced its shortlist of finalists for the 2012 edition of the Corporate Sustainability Stewardship Awards. Indus Ind Bank, Kirloskar Oil, Jindal Stainless Steel and others feature amongst unique case studies demonstrating India Inc’s response to resource challenges. The initiatives from 25 finalist businesses range from showing how leadership in Sustainability is being used to shape brands, to measures being used to define the future of resource utilization in key manufacturing and services sectors in India. Instituted by... Read more.. Date : Sep 12 Source: Sustainability Outlook
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Could businesses rescue the UN's carbon offset scheme?Businesses must lead calls for governments to adopt more ambitious national carbon emission reduction targets, according to an overview board appointed to address the crisis afflicting the UN's flagship carbon offsetting scheme. Panel members told reporters that "confidence in the carbon markets has already evaporated considerably" and as such the UN's Clean Development Mechanism (CDM) "could collapse" if urgent action is not taken. The CDM allows low-carbon projects in developing countries to generate saleable credits, known as Certified Emissions Reductions (CERs),... Read more.. Date : Sep 12 Source: businessgreen
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Wipro to sell water purification and treatment business to Earth Water GroupFour years after diversifying into water purification and treatment, soaps-to-software major Wipro is selling the business to NewDelhi-based Earth Water Group (EWG), said two independent sources aware of the development. The deal size is likely to be between Rs 45-50crore and a formal announcement is due in a fortnight. On Monday, Singapore based CLSA Partners - the alternative asset-management arm of CLSA Asia-Pacific Markets - invested $15 million in Earth Water Group for a minority stake. Sources familiar with the matter... Read more.. Date : Sep 12 Source: Economic Times
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Rising number of top firms believe climate change is threat to businessMajor companies are increasingly concerned that they are at risk from climate change in the face of recent extreme weather events such as drought and floods, according to a report published on Wednesday. More than one-third (37%) see the physical... Read more.. Date : Sep 12 Source: The Guardian
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IBM to help Jet Airways go greenJet Airways has can now accurately calculate, track and report aircraft emissions, thanks to IBM. The airlines can now map each carrier's carbon emissions, optimise its fuel usage by a detailed analysis of each flight. Significantly, this project is being done under the strategic 10-year business transformation agreement with the IT major to streamline and consolidate its IT operations. A part of IBMs Integrated Emission Management System, it provides Jet Airways a process to analyse and calculate individual aircraft emissions, which is a complex process involving comparison of... Read more.. Date : Sep 11 Source: Times of India
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IFC invests in renewable energy fund to help India reduce carbon emissionsIFC, a member of the World Bank Group, is investing $20 million in Nereus India Alternative Energy Fund, India’s first dedicated renewable energy fund that will promote the development and use of clean and renewable energy technologies, helping reduce the country’s growing carbon footprint. The investment will help the fund provide growth capital to small and medium companies that develop, construct, and operate renewable and clean energy power generation assets, or deploy clean energy technologies in India. The project will help to address the country’s chronic power shortfall... Read more.. Date : Sep 11 Source: Indiainfoline
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Centre withholds release of funds for JNNURM worksNot fulfilling the mandatory reforms as laid down for funding under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) has led to stalling of release of funds from the Union Government to GVMC. The Centre withholds 10 per cent of the funds for work completed as long as the urban local body does not fulfil them. So far Rs.140 crore for works completed under the seven-year urban mission have to be released to the corporation, according to sources in GVMC. For the seven projects that GVMC wants to complete by March alone, the funds withheld by the Centre towards 10 per... Read more.. Date : Sep 11 Source: The Hindu
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Welspun ties up funds for 50 MW solar projectWelspun Energy, on Monday, said it had secured a long-term project funding of Rs.355 crore for its 50-MW solar power project in Rajasthan. In a statement here, the company said the loan had been secured from a consortium of lenders comprising three public sector banks and one infrastructure finance firm. Welspun had, in January this year, signed a power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd., power grading arm of state-owned power producer NTPC. The 50-MW solar project is expected to be commissioned in the first quarter of 2013, the company said. ... Read more.. Date : Sep 11 Source: The Hindu
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Adani Power expects to earn Rs 600 crore from carbon creditsAdani Power today said it expects to earn as much as Rs 600 crore from trading of carbon credits from two of its units at 4,620 MW Mundra project in Gujarat. Also, Mundra plant’s phase III “becomes the world’s first coal fired thermal project to receive carbon credits from the United Nations Framework Convention on Climate Change (UNFCCC)”, the company said. Phase III, having two units of 660 MW each, has received carbon credits under the Clean Development Mechanism. In a statement, Adani Power said it expects to generate about 1.8 million Certified Emission Reductions... Read more.. Date : Sep 10 Source: The Hindu
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Model Solar Salt Farm to Come Up in GujaratA model solar farm shall be established in Gujarat based on the internationally patented technology of the Central Salt Marine & Chemical Research Institute (CSMCRI) to manufacture export-grade high purity salt. "A model farm will be set up in cooperation with the Gujarat government on 10-20 acres of land having a scientific design and layout suitable for a solar salt works," Dr Pushpito Ghosh, Director CSMCRI, told PTI. "Our internationally patented technology will be used at this farm to manufacture over 99 per cent NaCl (Sodium Chloride) purity salt," he said. ... Read more.. Date : Sep 10 Source: Outlook India
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130 industrialists attend workshop on clean production financingThe Small Industries Development Bank of India (SIDBI) and its collaborating partners Adelphi Consulting, International Institute for Energy Conservation (IIEC), Triodos Facet Consulting in association with the Chamber of Industrial and Commercial Undertakings (CICU) today organised a workshop on Financing of Clean Production (EE&CP) measures in the Indian Engineering and Auto Sector at CICU Complex, Focal Point. The workshop was attended by 130 industrialists representing various sectors of from different parts of Punjab. SIDBI Deputy General Manager Balbir Singh informed that... Read more.. Date : Sep 10 Source: Indian Express
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Hydro-power projects facing problems for clearances: TukiArunachal Pradesh chief minister has said that the state was facing problems in getting forest and environment clearances, in some cases taking years, for the proposed hydropower projects in the Himalayan state. Attending a panel discussion on Hydropower Projects in North East at New Delhi yesterday, NabamTuki said that the state was facing serious problems in getting Forest and Environment clearances, in some cases taking years, official sources informed here today. Arunachal Pradesh has a potential of 40 per cent of the country's total hydro-power generation potential.... Read more.. Date : Sep 10 Source: Economic Times
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UN’s CDM offset scheme issues one billionth carbon creditThe UN's Clean Development Mechanism (CDM) offset scheme reached a major milestone earlier today with the issuance of its billionth officially approved Certified Emission Reduction (CER) carbon credit. The landmark credit was issued to a manufacturing plant in India, which qualified for the CDM by switching its energy source from coal and oil to locally sourced biomass, delivering 17,475 tonnes of carbon emission savings a year. "This exciting milestone is a testament to the expanding use of the CDM," said the head of the UN climate change secretariat, Christiana Figueres, in... Read more.. Date : Sep 9 Source: Business Green
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Power crisis to be solved by 2014Union Power Minister M Veerappa Moily on Saturday said that the continuous power crisis faced by the Southern states would reduce considerably by 2014 by connecting the Southern Grid to the rest of the country. Speaking at the launch of a Solar PV installation at the offices of Bangalore Metropolitan Region Development Authority (BMRDA), Moily stated that India was ahead of other countries in the adoption of Solar Energy generation technologies. “Under the Jawaharlal Nehru National Solar Mission, we plan on adding 20,000 MW of Solar generation by the year 2022. Karnataka today is... Read more.. Date : Sep 9 Source: IBN Live
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Solar energy to illuminate 20 RWA officesAt least 20 resident welfare offices in the New Delhi district will soon be powered by the sun. A proposal has been approved for a pilot project under which porta cabins provided by the government to RWAs for office use will have rooftop solar panels. The initial planned solar capacity is 20 kW and is expected to be increased as more areas will be brought under the ambit of the project. A list of 20 locations has been identified but a final list will be prepared once feasibility of each location is confirmed. "The project will be funded entirely under the 'My Delhi, I Care' scheme... Read more.. Date : Sep 9 Source: Times of India
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