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BSE gets in-principle regulator nod for SME exchange

Bombay Stock Exchange said on Wednesday it has received an in-principle approval from regulator Securities and Exchange Board of India for launching the SME Exchange for small and mid-sized enterprises.

"This is part of our strategy to offer superior services and products to investors in India," Madhu Kannan, managing director and chief executive at the Bombay Stock Exchange, said in a statement.

"It also ties up well with the governmental agenda of greater financial inclusion and allowing promising enterprises of the future to access retail capital," Kannan added.

 ... Read more..

Date : May 26
Source: Reuters

The overblown myth of green energy security

Turmoil across the Middle East and Northern Africa has refocused attention on the impact that political tensions or interference can have on the price and availability of energy imports. Against consumer fears of gas-price hikes, energy security ranks high on many Western governments' policy agendas.

Of course, this is hardly a new phenomenon. Europe started trying to build up its energy reserves back in the 1960's . Likewise, every American president since Richard Nixon in the early 1970's has tried, and failed, to reduce dependence on foreign oil.

Anew trend, though, is... Read more..

Date : May 26
Source: Times of India

India to lead world to green energy

As many as 120 youth leaders and social entrepreneurs from Saarc countries will congregate at IIMB under the banner of peace till May 28.

Due to the delay in clearance of visas, delegates from Pakistan and Bangladesh will join the conference only after two days, said the organisers.

Peace within, peace with others and peace with environment are the three branches of the main theme of the conference. This apart, the conference has two angles to its design. On the one hand is focus on social change and on the other is the entrepreneurial instinct.

At the inaugural... Read more..

Date : May 26
Source: Daily News and Analysis

Off grid solar solution for the energy crisis

The technology of generating electricity from sun has been known for the decades. Now increasing power crisis, green house gases and global warming etc has enhanced the use of solar power. Off Grid Solar is the right choice for powering Offices, Industries peripheral lights, parks and House holds.Prolight Systems is an ISO 9001-2008 company approved by MNRE, KREDL, CPRI & DGS&D, Established since 1998.Prolight Systems is the leader in installing Off Grid Solar Power plants by commissioning over 300kwp Solar power plants of various capacities. Advantages of off Grid Power Plant is... Read more..

Date : May 26
Source: Hindu

No Esc from out of Ctrl e-waste

That old computer stashed away in a corner of your home and a battery exceeding its expiry date lying around casually seem harmless enough, but this e-waste, as it is called, generated in every household and office, is in fact a source of contamination. The hazards of e-waste emanate largely from lead and mercury in the batteries.

While the state government has gone overboard in promoting the IT industry, it has ignored the fact that huge piles of accumulated e-waste in IT companies and government offices is a growing environmental and health hazard.

LCD, automatic batteries... Read more..

Date : May 25
Source: Deccan Chronicle

Drive to make Yercaud free from plastics waste

The Salem district administration has undertaken an ambitious drive to make Yercaud free from plastics waste.

As a prelude to it, the administration in association with Lions Club International District 324 B2 had launched the plastics-free campaign at the foot hills by distributing pamphlets and handbills asking the people and tourists not to carry plastic bags to the hill station.

Salem RDO S. Prasanna Ramasamy and Periyar University, Salem, Vice Chancellor K,.Muthuchelian took part in the campaign on Tuesday at the check-post.

The volunteers also distributed cloth... Read more..

Date : May 25
Source: The Hindu

IFC To Invest $55M In Solar Power Co; Debt Funding Also On The Cards

International Finance Corporation (IFC) is looking to invest $55 million to pick 15 per cent equity stake in an upcoming solar power development company which is sponsored by US-based SunEdison LLC. It has a pipeline of grid-tied solar PV projects in India and Thailand, with plans for expansion across South and South-East Asia, besides sub-Saharan Africa. The deal will value the firm at around $366 million.

IFC may also provide debt – $20 million for the Indian project and $26 million for the four small Thai projects. The expected total project cost will be approximately in the... Read more..

Date : May 25
Source: VCCircle

Moser Baer of India Says It Has Halted Production of Solar Cells at Plant

Moser Baer India Ltd. (MBI), the country’s second-largest maker of solar cells, declined as much as 2.3 percent after saying it temporarily halted production of the electrical devices.

The company shut its solar cell manufacturing line “a few weeks back” to carry out upgrading work aimed at increasing cell efficiency, Moser Baer said in an e-mailed response to questions from Bloomberg News.

Moser Baer’s shares fell 0.9 percent to 38.2 rupees as of 10:58 a.m. in Mumbai trading. The Bombay Stock Exchange Sensitive Index lost 0.6 percent.

The company is buying cells in... Read more..

Date : May 25
Source: Bloomberg

Canvironment - Indian initiative to recycle cans

Dubbing this initiative ''Canvironment'', leading Indian can manufacturer Hindustan Tin Works Limited is looking to rope in all major can-makers and brand owners from across the world for a can-recycling movement.

Cans are being used as packaging material for a host of daily use products from milk, soft drinks, beer, shoe polish and so on.
The campaign aims to spread the message that cans have the unique quality of being 100 per cent recyclable and therefore, are the most sustainable package of the future.

"It is just about educating ourselves and can users at large,... Read more..

Date : May 25
Source: Blogymate

India to Cancel Solar Permits of Companies That Don’t Get Loans by July 9

India will cancel licenses for solar projects awarded to companies under its first auction if they don’t obtain loans to build their plants by July 9, an official said today.

“That’s it. They’ll be over,” Deepak Gupta, secretary at the Ministry of New and Renewable Energy, said in an interview in New Delhi today when asked what would happen to projects that don’t meet the deadline.

Rather than fining companies for delays, their project licenses will be revoked, he said.

India awarded permits to companies, including Lanco Infratech Ltd. (LANCI) and Reliance Power Ltd. (... Read more..

Date : May 25
Source: Bloomberg

Shareholder approval key for CSR activities

Corporate social responsibility (CSR) activities of companies may be subjected to a more rigorous decision making process soon. To prevent ad hocism in CSR activities, often seen by critics as a means to pare down their tax payoffs, the government may make it mandatory for firms to secure shareholder s’ approval before committing funds and plans for corporate philanthropy.

“The boards of companies would not be able to take any unilateral decision on CSR, there must be wider participation on the issue to ensure transparency and accountability,” a senior government official told... Read more..

Date : May 25
Source: Hindustan Times

Inaugural GridWeek Asia to Be Held as Part of ELECRAMA 2012

Clasma Events and IEEMA partner to deliver GridWeek Asia as part of ELECRAMA 2012, 16-18 January 2012 , in Mumbai, India

Dallas, TX and New Delhi, India (PRWEB) May 24, 2011

Clasma Events and IEEMA (Indian Electrical & Electronics Manufacturers’ Association) announced today that the inaugural GridWeek Asia conference will take place from 16-18 January, 2012 in Mumbai, India, in conjunction with ELECRAMA 2012.

A global extension of the annual GridWeek conference held in Washington, DC, each year, this event underscores the growing importance of India and Asia as... Read more..

Date : May 25
Source: YAHOO!

Mobile towers major air polluters

Nearly 60% of energy consumed by mobile towers is from diesel sets which naturally emit copious fumes. This effectively makes mobile towers major air polluters. For long, the issue has been in the background but not anymore -- the number of mobile towers is so high there's no option but to power them with renewable energy.

While there are hardly any guidelines on consumption of energy by these towers, the Karnataka State Pollution Control Board ( KSPCB) gives clearance to telecommunication operators to set up towers depending on consumption of diesel and how they impact air quality... Read more..

Date : May 25
Source: Times of India

GE Joins Suzlon, Acciona in Betting on Slow-Wind Turbines to Boost Sales

General Electric Co. (GE), Spain’s Acciona SA (ANA), and India’s Suzlon Energy Ltd. (SUEL) this week began offering new wind turbines that generate power in gentle breezes, allowing them to target regions such as the U.S. Southeast that have been largely overlooked for development.

Turbine makers have been making towers taller, blades longer and lighter, and turbines more reliable since demand for wind energy in the U.S. dropped about 50 percent last year to 4,900 megawatts. The slump prompted Fairfield, Connecticut-based GE, which has the largest share of the U.S. market, to... Read more..

Date : May 25
Source: Bloomberg

Toshiba Gets Smart With Green Energy

Toshiba is to move into the green energy business and turn its smart community operations into a money spinner. It aims to add technologies for low carbon energies including solar power, geothermal power and hydro electric power to its current portfolio of consumer electronics products, semiconductors and electric power.
Now the company has made a new move, by signing a memorandum of understanding with Korean company Unison Co. Ltd, which manufactures wind power equipment.

Under the deal Toshiba will have a strategic business alliance for the co-development and marketing of... Read more..

Date : May 25
Source: SmartHouse

College installs solar plant

Gates Engineering College based at Gooty Railway town has set up a solar power generation plant.

Founded by V.K. Sudheer Reddy, Correspondent, the college is said to be the first in South India to tap solar power on such a massive scale. The solar power plant has been set up at a cost of Rs.2.25 crore by the college management and it is producing more than 450 units a day.

Several solar power panels have been installed on the rooftop of the engineering college buildings.

The solar power produced is being used in college buildings and hostels established in the 25-acre... Read more..

Date : May 25
Source: Hindu

Solar power to reach 68,000MW by 2022

India’s solar power generation capacity will reach 68,000 megawatts (MW) by 2021-22, triple the government’s target and accounting for around 7% of the country’s total power generation capacity by that year, audit and consulting firm KPMG India said in its latest report on the sector. The cost of generating solar power will be on par with that of conventional thermal electricity by 2019-20, it adds in the report titled Rising Sun.

KPMG expects the tariff for solar power to decline 5-7% every year because of factors such as technological innovation, economies of scale, and the... Read more..

Date : May 25
Source: Livemint.com

Toyota Develops Tropospheric Ozone-concentration Simulator

Toyota Motor Corporation (TMC) and Toyota Central R&D Labs., Inc., have developed a simulator able to predict tropospheric ozone concentrations across the whole of South and East Asia. The project was carried out in collaboration with Tsinghua University in China1, The Energy and Resources Institute (TERI) in India2, and the International Institute for Applied Systems Analysis (IIASA) in Austria3. The simulator is expected to contribute with efforts to reduce energy consumption and limit emissions of the substances in South and East Asia that cause atmospheric pollution—one factor in... Read more..

Date : May 24
Source: WebWire

Solar power can meet up to 7 percent of India's energy needs

Solar power can meet 5-7 percent of India's total power requirements by 2021-22 compared to its current almost negligible contribution, reducing coal requirements by almost 30 percent, global consulting and advisory firm KPMG said in a report released Tuesday. 

 
"Solar power can help our country move closer to the targeted 20-25 percent reduction in carbon emission intensity of GDP (gross domestic product) by 2020, contributing as much as one-tenth of this target, besides playing an increasingly important role in securing India’s energy future,” said Arvind Mahajan, head of... Read more..

Date : May 24
Source: Deccan Herald

Areva May Seek Loans for $4.2 Billion of Renewable Projects

Areva SA (CEI), the world’s largest producer of nuclear equipment, may seek loans to back 3 billion euros ($4.2 billion) of renewable energy projects this year, the head of the company’s renewable unit said today.

Europe’s second-largest developer of offshore wind projects is “on track” to exceed a record set in 2010, when it arranged $3 billion of financing for clean-energy projects, mostly in offshore wind, Anil Srivastava, chief executive of Areva Renewables, said in an interview in New Delhi today.

The Paris-based company has bid to build its first hybrid solar plants in... Read more..

Date : May 24
Source: Bloomberg

Electrical equipment sector grows 14pc

The Indian electrical equipment manufacturing industry is witnessing a sustained growth momentum, with the industry registering a growth of 14pc in the financial year 2010-11, in spite of sustained imports, especially from China, South Korea.

 

 
The growth represents an absolute increase in output over last financial year and may differ from the growth in value terms, according to the Indian Electrical and Electronics Manufacturers’ Association (IEEMA).

IEEMA, the apex Indian industry association of manufacturers of electrical, industrial electronics and... Read more..

Date : May 24
Source: New Kerala

No environmental nod needed for solar power projects: MoEF

In a relief for developers of solar power projects, the union ministry for environment and forests (MoEF) has clarified that no environmental clearance is required for solar PV power projects.
The clarification comes in the wake of the minister of new and renewable energy (MNRE) taking up the matter with MoEF.
“It is clarified that solar PV power projects are not covered under the ambit of EIA notification, 2006 and no environment clearance is required for such projects,” a memorandum issued by the MoEF on May 13, says.

“The clarification is welcome as it will help... Read more..

Date : May 24
Source: DNA India

Solar energy yet not commercially viable: Kakodkar

Nuclear energy will continue to be an inevitable option for India [ Images ] as other alternative renewable energy sources like solar will take few more years to establish as a commercially viable technology, according to experts.

Trying to contain the unjustified, yet growing sudden spurt of apprehensions against nuclear energy production in India, experts from radiation safety, nuclear technology and nuclear medicine explained in Mumbai [ Images ] at a seminar how the nuclear power technology in India and the world is 'mature and safe'.

Speaking on 'Nuclear Energy:... Read more..

Date : May 24
Source: Rediff

Coke Appoints First Sustainability Officer

The Coca-Cola Company (NYSE: KO) has created a global Office of Sustainability and appointed its first Chief Sustainability Officer (CSO) in an effort to better integrate ongoing initiatives.

Beatriz Perez, who is currently Chief Marketing Officer for Coca-Cola North America, will serve as CSO beginning July 1. She will work to integrate Coca-Cola's sustainability initiatives in water, climate protection, packaging and recycling.

"We have made significant progress with our sustainability initiatives, but our current approach needs focus and better integration to further... Read more..

Date : May 24
Source: Sustainable Business

Biofuel to Bolster India’s Transport Fuel Demand

Transforming agricultural waste into biofuel could create up to one million jobs in India over the next decade, while radically improving India’s energy efficiency by meeting up to 59 per cent of the demand for transport gasoline through greener fuels by 2020, according to a new study.

The Indian Government has already announced an ambitious target of 20% of biofuels in transport by 2017 as part of its Indian Biofuels Policy.

The Bloomberg New Energy Finance study "Next-generation Ethanol: What’s in it for India” commissioned by Novozymes was presented at en event organised... Read more..

Date : May 24
Source: BlackSeaGrain
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