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Sustainability Outlook Headlines
Indian Court Seeks Pollution Information at Sterlite PlantIndia’s top court today sought information about effluents from Sterlite Industries (India) Ltd.’s copper smelter, which faces charges of violating environmental rules. The Tamil Nadu pollution control board has to file an application specifying the polluting materials and suggest steps to control pollution in and around the factory, a two-judge bench headed by R.V. Raveendran said in an interim order in New Delhi. The court on Sept. 6 will direct Sterlite, which appealed against a lower court order asking it to shut the factory in the southern state, on steps it should take to... Read more.. Date : Aug 26 Source: Bloomberg
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India aims at over 50,000 MW of nuclear power by 2030India plans to import light water reactors from Russia, the US and France to boost its nuclear energy genating capacity to 50,000-60,000 MW by 2030, former Atomic Energy Commission (AEC) chairman M.R. Srinivasan has said. Delivering the first Homi Sethna Memorial Lecture on 'Future of Nuclear Power After Fukushima' here Wednesday evening, the nuclear scientist said India would need around 1,300 GW of electricity by 2052. Forty percent of this requirement is expected to come from coal-based plants, 40 percent from nuclear facilities and 20 percent from renewable sources like... Read more.. Date : Aug 26 Source: Kerala Next
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Germany's SMA Solar eyes 3,500MW worth business from IndiaGermany's SMA Solar, the world's largest maker of solar inverters, expects its Indian unit to get business worth 3,500 megawatt in Asia's third-largest economy in three years, a local unit official said. "We are going with the pace of the Indian industry...but our objective is to be in leadership position in India as we are globally," Rakesh Khanna, general manager of SMA Solar India, said on Thursday. Many Global solar firms are expanding their presence in India as the country plans to develop solar power capacity to 1,000 MW by 2013 and to grow that to 20 gigawatt by 2022... Read more.. Date : Aug 25 Source: Reuters India
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India Revamps Solar Auction Rules; First Solar May BenefitIndia revamped the rules for its second national auction of permits to build solar power plants, which could boost sales for equipment providers including First Solar Inc. (FSLR) and allow banks to lend more easily to the industry. The government invited companies to register starting today for the auction that will award licenses to build as much as 350 megawatts of solar photovoltaic plants by 2013. New rules include changes that increase the size and amount of projects companies can win. Indosolar Ltd. (ISLR), Moser Baer India Ltd. (MBI) and Websol Energy Systems Ltd. (... Read more.. Date : Aug 25 Source: Bloomberg
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Punjab farmers first to prepare for retail chain suppliesA process to integrate 13 lakh Punjab farmers with quality conscious global and national retail chains was set in motion for the first time in India from Punjab with Quality Council of India (QCI) beginning their training in good agriculture practices (GAP) here on Wednesday. The council organized its first workshop in India for farmers and other stakeholders here to introduce them to both global and Indian GAP. Adherence to them will open up a huge market of high value, joint advisor of the council, Dr Hari Prakash told The Times of India on the sidelines of the workshop. Similar... Read more.. Date : Aug 25 Source: Times of India
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Plywood units: HC notice to forest deptThe Kerala High Court directed issuing of notice to the Forest Department on a public interest litigation (PIL) challenging the mass awarding of No Objection Certificates for plywood manufacturing units at Perumbavoor, Kothamangalam, and Muvattupuzha regions. The PIL filed by NU John obstructs the mass approval of NOCs on the basis that plywood industries are causing ecological damage and would cause deforestation owing to its proximity to forests in Idukki and are polluting water streams and sources. The petitioner's counsel Arun VG pointed out that the directions of the... Read more.. Date : Aug 25 Source: Times of India
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ISRO's eyes in the sky to watch climate changeClimate change is on everybody's minds these days. The National Remote Sensing Centre (NRSC) of Indian Space Research Organisation (ISRO) has also planned to launch some sophisticated satellites to keep a watch on climate change. Director of NRSC V K Dhadwal, who came calling to the Regional Remote Sensing Centre in the city, spoke about the importance of keeping a watch on the changes in climate and the role remote sensing can play in it. The most ambitious projects include Megha-Tropiques, INSAT-3D, Saral Altika and SCATSAT among others. He said not just ISRO but other national... Read more.. Date : Aug 25 Source: Times of India
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‘Rural electrification can only come from renewable sources’India cannot talk about greatness when the country has a 95% import dependence on oil and 40-45% import dependence on coal, said Deepak Gupta, secretary of the Union Ministry of New and Renewable Energy, adding “this means a small country like Libya can control us”. Speaking at an Assocham conference on “Waste to Energy” in Ahmedabad on Wednesday, Gupta also said that India’s energy demand-supply gap is “not likely to be breached, not in the near future, not ever” and that “400 million people in our villages” remain without electricity today. “In my view, rural electrification in... Read more.. Date : Aug 25 Source: Indian Express
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CIIE to launch Rs100 crore energy fundIn the first-of-its-kind public-private partnership, the Indian Institute of Management, Ahmedabad's (IIMA) Centre for Innovation Incubation and Entrepreneurship (CIIE) has joined hands with Ministry of New and Renewable Energy (MNRE), BP (earlier known as British Petroleum) and Technology Development Board (TDB) to launch the Indian Fund for Sustainable Energy (INFUSE). Minister for new and renewable energy, government of India, Dr Farooq Abdullah and chief minister of Gujarat Narendra Modi are expected to launch the fund on Thursday. The proposed fund, which is worth around Rs100... Read more.. Date : Aug 25 Source: Daily News Analysis
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Assocham urges industry to use waste to produce energyThe regional chapter of Associated Chambers of Commerce and Industry of India (Assocham) has sought the help of dairy and animal husbandry experts, government officials and pioneering industries to spread the message of using waste to generate non-conventional energy. Shailesh Patwari, chairman of Naroda Enviro Projects Limited, who has already tapped this energy source, presented his case at a “Waste to Energy” conference by Assocham here today. “We in Gujarat were not looking at renewable energy because there was ample energy. But about 10 years ago, we started looking at it... Read more.. Date : Aug 25 Source: Indian Express
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'We need to adopt energy efficient technologies'PUNE: The Small Industries Development Bank of India (SIDBI) has signed Memorandum of Understanding (MoU) with the Bureau for Energy Efficiency (BEE) for creation of a shelf of energy efficient technologies for Micro, Small and Medium Enterprise (MSME) clusters. The MoU also provides that the two organizations will create awareness and capacity building of local Business Development Services (BDS) providers for implementing energy efficient technologies. Presently, SIDBI and BEE are working together as the co-implementing agencies for a World Bank project titled Financing... Read more.. Date : Aug 25 Source: Times of India
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Apartments lead the in recycling wasteThe only way to deal with heaps of garbage piling up at every corner of the city is to handle it at source: that is at home. It may sound simple but only a few have managed to implement it. Among the success stories are: Renaissance Park 1, 2 and 3 in Malleswaram, Platinum City, Diamond District, Tungabhadra apartments in National Games Village, Brigade Regency. They follow the principle of reduce, reuse and recycle. What sets them apart is that they don't depend on the irregular BBMP garbage contractors, neither do they empty their bins on roadsides or vacant spaces. They just put it in... Read more.. Date : Aug 25 Source: Times of India
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Green respite for the bustling city of GurgaonAmid the high-rise office buildings, towering apartment complexes and sprawling construction sites, green pockets are hard to find in Gurgaon, home to the back-office operations of some of the world's biggest companies. So the local government, private companies and citizens have banded together to plant a million trees. Gurgaon has expanded more than 70 percent over the last decade alone as a result of the breakneck pace of construction; the million-tree plan would require setting aside almost 3,500 acres of land. The Haryana Government is providing the swaths of property. ... Read more.. Date : Aug 24 Source: NDTV
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Djibouti seeks Indian help in field of renewable energyEast African nation of Djibouti has sought India''s help in exploiting the geothermal, solar and wind energy sources there. Djibouti''s Minister of Energy, Water and Natural Resources, Fouad Ahmed Aye, today met New and Renewable Energy Minister Farooq Abdullah and informed him that his nation has "vast potential in areas of geothermal energy, solar energy and wind energy but needs Indian assistance in exploiting these sources," an official release said. "Both the leaders held detailed discussions about possible cooperation between the two countries in the field of renewable... Read more.. Date : Aug 24 Source: MSN News
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German solar inverter to set up manufacturing base in IndiaREFUsol GmbH, a manufacturer of solar inverters, will start local production of its products from the end of this year and first deliveries by early 2012. This manufacturing facility will be located in Pune, where it has already set up a customer support office. REFUsol displayed some of its light, compact and powerful string inverters at the recently concluded 5th Renewable Energy India 2011 Expo in New Delhi. Its three-phase string inverters with power classes from 8 to 20kW are suitable for indoor and outdoor use and for installations ranging from small rooftop systems... Read more.. Date : Aug 24 Source: Economic Times
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IIMA to launch Rs 100 cr fund for sustainable energy on ThursdayThe Indian Institute of Management-Ahmedabad (IIMA) will launch the Indian Fund for Sustainable Energy (INFUSE) with an estimated fund size of Rs 100 crores in collaboration with the Union Ministry of New and Renewable Energy (MNRE), Technology Development Board (TDB) and British Petroleum(BP). The Union Minister for New and Renewable Energy, Dr. Farooq Abdullah,and the Gujarat Chief Minister, Mr Narendra Modi, will launch the fund on August 25 in the IIMA premises, Dr Samir K Barua, Director, IIMA, said here on Tuesday. INFUSE is the first of its kind private-public-... Read more.. Date : Aug 24 Source: The Hindu Business Line
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IBM join hands with NGO for smarter cityAs part of the centennial celebrations of IBM, the company on Tuesday said it is collaborating with Bangalore-based non- profit organisation Centre for Sustainable Development (CSD) to prepare an Environment Report Card (ERC) for the city. The survey will showcase citizens’ perceptions of environmental issues and a factual picture of the city’s environmental condition measured across key parameters. “This is a global initiative by IBM as part of our centennial celebration. We internally discussed with our employees for two days and we decided to use skills of the employees to do... Read more.. Date : Aug 24 Source: Business Standard
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Audits aim to save energy in govt buildingsIn a first, the Bihar Renewable Energy Development Agency (BREDA) in collaboration with the Centre has conducted energy audit of the state capital`s major 14 government buildings to make an assessment of the amount of energy consumed. It is aimed to initiate a process to minimize the wastage of energy in government buildings. M/s EPIC Energy Limited, Mumbai, has already completed the energy auditing of four government buildings under the scheme, Investment Grade Energy Audit (IGEA). These buildings are Udyog Bhawan, office of the divisional commissioner, S K Memorial Hall and... Read more.. Date : Aug 24 Source: Times of India
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New Nepal energy rule to shake up Indian investorsA new power regulation by Nepal that came into effect from Monday will now reshuffle over 70 hydropower projects capable of generating nearly 20,000 MW and galvanise Indian investors. Nepal's new Energy Minister Gokarna Bista Monday unveiled the new power policy of the caretaker government that has ended the provision of awarding hydropower projects to developers on a first-come, first-served basis. Instead, now all hydro projects capable of generating over 10 MW will be awarded through competitive bidding. The new policy has special implications for Indian companies... Read more.. Date : Aug 23 Source: MSN India
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EU may propose plan to extend Kyoto:sources: reportThe EU could yet table a proposal that would throw the beleaguered Kyoto Protocol a lifeline and secure the future of the Clean Development Mechanism (CDM) beyond 2012, government negotiators and observers have told Point Carbon News. Officials from the bloc's member states will in the next few weeks discuss whether to formally back a plan to extend the life of the 1997 climate treaty, on condition it would expire in 2018 and be replaced with a single global pact that includes capping all major nations' emissions. If all 27 countries agree, the EU could announce the plan at... Read more.. Date : Aug 23 Source: Reuters
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India Inc turns to alternative fund sources amid dry spell in IPO mktThe stock markets are in an unchartered territory and IPOs have all but dried up. More so, after S&P downgraded the US ratings. This uncertainty in the equity markets is leading to a rise in alternative fund raising options such as structured transactions, debt offerings, strategic exits and inter se transfers between private equity funds. Also, as borrowing from banks becomes tougher with every rate hike by the Reserve Bank of India, foreign debt in the form of external commercial borrowings (ECBs), debenture offers to retail investors and corporate fixed deposit schemes are... Read more.. Date : Aug 23 Source: Times of India
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Volkswagen on road to carbon-free carVolkswagen will within two weeks unveil one of the first single-seater cars, with the potential for zero emissions, the Financial Times reported on Monday. VW's one-seat concept car will illustrate the carmaker's ambitions to build electric vehicles that generate no carbon dioxide, the FT said, citing the company's head of research, Jurgen Leohold. "It's a new kind of mobility, a new vehicle concept. Also, it's physics," he said. "If you limit a car to one person, you can make it smaller with less weight. You need less energy to transport the person, and then ... it... Read more.. Date : Aug 23 Source: Reuters India
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SunBorne Energy to provide funds for Gujarat solar plantSunBorne Energy has tied up funds to the tune of Rs 140 crore from domestic banks for its 15 megawatt (MW) solar photovoltaic plant in Gujarat. The total project cost is estimated in the range of Rs 200-240 crore. State Bank of Patiala, the lead bank, with three other banks, Export-Import Bank of India, Canara Bank and State Bank of Travancore, participated in the debt program. The debt advisory was led by SBI Capital Market Limited (SBICAPS). Mr James Abraham, Managing Director and CEO, SunBorne, said that the support from Indian banks demonstrates their increasing... Read more.. Date : Aug 23 Source: Business Line
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Indian Government to Open Bidding for 350 Megawatts in Photovoltaic ProjectsIndia's Ministry of New and Renewable Energy (MNRE) is set to open bidding for 350 megawatts (MW) in solar photovoltaic (PV) projects, under the second tranche of the National Solar Mission, Phase-I. "All necessary procedures have been completed and the requests for proposals (RFPs) for the projects will be issued within next 10 days," said an MNRE-official on Friday.
Date : Aug 22 Source: Industrialinfo.com
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Electric vehicles have long way to go in IndiaA study on the prospects of Electric Vehicles conducted by Deloitte Touche Tohmatsu Ltd has estimated the current potential of the Indian market at 4% of the annual car sales in the country (or about 100,000 vehicles). The study finds that the Indian customer does not want to pay a premium for an electric vehicle. The study said that “Overwhelmingly, respondents disagreed with the notion of paying a premium for the technology that is clean and can mean energy independence….about 20% of the customers would be willing to pay about 10% more as premium.” The survey responses for India indicate... Read more.. Date : Aug 22 Source: SteelGuru
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