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Sustainability Outlook Headlines
Suzlon Group Signs MoU With Gujarat Govt To Develop 1,000 MW Of Wind PowerWind power company Suzlon Energy Ltd. said its group had signed a memorandum of understanding or MoU with the Government of Gujarat to develop 1,000MW of new wind power capacity in the state of the next three years under the auspices of Vibrant Gujarat. The MoU covers the development of new capacity in wind-farms across the state, with development planned in the districts of Saurashtra, Kutch and other parts of Gujarat. Suzlon has signed six MoU's with the Gujarat government, committing over Rs.14,000 crore ($3.1 billion) for the development of wind farm projects, R&D... Read more.. Date : Jan 13 Source: RTT News
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HCC to invest Rs 1,200 cr on renewable energy project in GujaratInfrastructure major Hindustan Construction Company (HCC) on Wednesday said it will invest Rs 1,200 crore to set up a renewable energy project in Gujarat in the next two to five years. " HCC has signed an MoU with the Gujarat government to set up a renewable energy project in the state worth Rs 1,200 crore in the next 2-5 years time," company Chairman and Managing Director Ajit Gulabchand said on the sidelines of the 5th Global Summit of Vibrant Gujarat here. He said the company is currently executing work on the Water Front City at Dholera, for which it had announced an... Read more.. Date : Jan 13 Source: Economic Times
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Bergamo Acquisition Corp announces three Hybrid Solar Thermal plants for 200MW in IndiaBergamo Acquisition Corp (OTC:BGMO) announced that the Company has come to terms for three hybrid solar thermal power plants totaling 200 megawatts to be located in India. Bergamo Acquisition Corp’s subsidiary in India, Bergamo Harbinsons, has handled the negotiations. Bergamo is to receive a ten percent fee to be paid upfront. The payments will come in the form of irrevocable letters of credit totaling approximately $77.5 million USD. The Bergamo management team will be meeting in New Delhi, India in about ten days to close these three contracts. Company President Hillard Herzog... Read more.. Date : Jan 12 Source: Panchabuta
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Renewable energy campaign from todayVijnana Bharati, a science movement, in collaboration with the Ministry of New and Renewable Energy (MNRE), is rolling out a Rashtriya Urja Jana Jagriti Abhiyan (RUJJA), a national awareness campaign on energy, from Wednesday. The aim of the campaign is to create public awareness on various aspects of energy efficiency and renewable energy. Dr Anil Kakodkar, former secretary, Department of Atomic Energy, and Dr Tapan Chakrabarty, former director, National Environmental Engineering Research Institute (NEERI), will drive the campaign at the national level. The event is... Read more.. Date : Jan 12 Source: Hindu Business Line
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Barclays Capital cuts U.N. carbon price forecast for first-halfBarclays Capital analysts reduced their price forecast for U.N.-backed carbon offsets for the first half of 2011 to 13 euros a tonne from 14.5 euros due to a recent surge in issuance, the bank said on Monday. Under the U.N.'s Clean Development Mechanism (CDM), companies can invest in carbon-cutting projects in emerging economies, and in return receive offsets called certified emissions reductions (CERs) which can be used against their own emissions. CER issuance broke the 500 million mark on Monday after 1.3 million were awarded to a project which destroys the potent... Read more.. Date : Jan 11 Source: Reuters India
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Reliance Power signs agreement with NTPC for 100MW solar projectAnil Ambani-led Reliance Power is believed to have signed the power purchase agreement with the state-owned NTPC for its upcoming 100 MW solar power project at Jaisalmer in Rajasthan. Reliance Power signed the Power Purchase Agreement with NTPC Vidyut Vypar Nigam Ltd (NVVNL), a wholly-owned subsidiary of NTPC for its 100 MW Solar Thermal Power Project, sources in the know of development said. Reliance Power won this project in tariff-based competitive bidding under the government's Jawaharlal Nehru National Solar Mission. The project which is being set up in Jaisalmer... Read more.. Date : Jan 11 Source: Times of India
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India to set energy efficiency targets for industriesIndia will for the first time release energy efficiency targets for eight industrial sectors in April in a move that is expected to save 10 million tonnes of energy by 2013-14.The Bureau of Energy Efficiency (BEE) has prepared energy efficiency targets for 580 industrial units in the eight sectors - thermal power stations, steel, fertiliser, cement, aluminum, chloralkali, paper and textiles. Violators will be penalised, a power ministry official said. “India’s total energy use is about 450 million tonnes oil equivalent. These 580 units - public and private - together use about 200... Read more.. Date : Jan 11 Source: Thaindian.com
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Centre to build 100 MW geo-thermal projects in J&K: FarooqAssuring Jammu and Kashmir of complete assistance for harnessing resources in the renewable energy sector, Union Minister Farooq Abdullah today said the Centre is working on to launch 100 MW geo-thermal projects in Reasi and other feasible areas of the state. Date : Jan 11 Source: MSN India
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German, Japanese Banks to Offer $630 Million in Renewable Energy Loans to IndiaThe Indian Renewable Energy Development Agency (IREDA) will soon enter agreements with banks in Germany and Japan to access over $630 million to be used for the promotion of renewable energy projects in India. IREDA is one of the nodal agencies that provides monetary help for setting up of renewable energy infrastructure in India. It was established in 1987 under the administrative control of the Ministry of New and Renewable Energy. Its main function is to provide soft loans for renewable energy-based power plants and energy-efficiency projects. The agency is likely to sign... Read more.. Date : Jan 10 Source: Clean Technica
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Tea off: India's farmers say climate changing brewIn this humid, lush region where an important part of the world's breakfast is born, the evidence of climate change is - literally - a weak tea. Growers in tropical Assam state, India's main tea growing region, say rising temperatures have led not only to a drop in production but to subtle, unwelcome changes in the flavor of their brews. The area in northeastern India is the source of some of the finest black and British-style teas. Assam teas are notable for their heartiness, strength and body, and are often sold as "breakfast" teas. "Earlier, we used to get a bright... Read more.. Date : Jan 10 Source: Tacoma News Tribune
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Welspun Energy Signs MoU With UP Govt. for 1320 MW Power ProjectWelspun Energy Ltd., part of the diversified Welspun Group, one of the fastest growing conglomerates in India, today signed a MoU and power purchase agreement (PPA) with the Government of Uttar Pradesh (UP) to set up a 1320 MW thermal power plant in Ghazipur district. The power plant is scheduled to be commissioned by 2015 at a total investment of approximately Rs. 6,600 crore. This was one of the four MoUs, the UP government signed today for setting up power plants in the state. This power project being setup at Ghazipur is expected to create direct and indirect employment... Read more.. Date : Jan 7 Source: Columbus Dispatch
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9 solar power projects approved for HaryanaThe Government of India has approved nine solar power projects of 8.8 Mw capacity to be set up in Haryana by independent power producers. These projects will get commissioned by September 2011. Haryana Power Minister Mahender Partap Singh said the Haryana Renewable Energy Development Agency (Hareda) had invited proposals from independent power producers for the installation of solar power generation plants of 100 Kw to 2 Mw capacities in the state under the Jawaharlal Nehru National Solar Mission. After the approval of the state government, Hareda issued pre-registration... Read more.. Date : Jan 7 Source: Business-Standard
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NTPC in talks for setting up renewable projects in MaldivesAs part of India's effort to promote greater engagement with neighbours, stateowned NTPC Ltd is in talks with the Maldives for setting up renewable energy projects in Male, the island nation's capital. " We are planning to set up joint ventures in Male and other countries for renewable energy," chairman and managing director Arup Roy Choudhury said. "The talks are in the initial stages. The focus is on reduction of the carbon footprint. We plan to have around 70% of our generation from renewable sources by 2032." As the largest power producer in the country, NTPC is the biggest consumer of... Read more.. Date : Jan 6 Source: India Infoline
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Raise price for bio-diesel from jatropha : India ministryIn an attempt to revive India’s Bio-diesel industry, country’s Ministry of New and Renewable Energy (MNRE) and Confederation of Indian industry (CII) have recommended price increase for bio-diesel from Jatropha. According to a study done by the ministry along with CII, price of Bio-diesel from Jatropha needs to be raised to Rs 36 /litre from the present 26.50/litre to make it sustainable and for suitable growth of the Indian Bio-diesel industry. The study estimates that if the blending initiative of 2% Jatropha based Biodiesel are achieved in year 2011-12, India will save... Read more.. Date : Jan 6 Source: Commodity Online
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Suzlon, Hindustan Zinc in Pact for Wind Energy ProjectsSuzlon Energy Ltd. said Thursday it has signed a pact with Hindustan Zinc Ltd. to set up, operate and maintain 150 megawatts of wind power projects in India with a total investment of 8.65 billion rupees ($191 million). The projects would be set up in Karnataka, Maharashtra, Rajasthan and Tamil Nadu states, Suzlon said in a statement. The wind turbine maker said the projects are likely to be completed in two phases. The first 50 MW phase will be completed by March and the second phase by September. Suzlon said it will supply its S82-1.5 MW and S88-2.1 MW wind turbine... Read more.. Date : Jan 6 Source: Wall Street Journal
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CNG not that green, says pollution boardCNG is not without environmental drawbacks says a new Central Pollution Control Board study. The study says burning CNG has the highest rates of potentially hazardous carbonyl emissions. These conclusions have attracted criticism from many, including environmentalists. The study also made a case for regulating CNG and other fuels for methane emissions. Methane, a greenhouse gas, is a key contributor to climate change. Among the study's finds were that retrofitted CNG car engines emit 30% more methane than original CNG engines. Almost all CNG car engines in India are retrofitted.... Read more.. Date : Jan 6 Source: Hindustan Times
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In Eco-Jeans, the Green Becomes Harder to SpotTWO years ago, when going green was red-hot in the fashion industry, there were plenty of organic jeans to choose from. Brands including Levi’s, Banana Republic, Genetic Denim, 7 For All Mankind, Earnest Sewn, Aristocrat, Loomstate, Del Forte and J Brand offered at least one pair made with some amount of organic cotton, which is grown without environmentally threatening chemicals (according to the Sustainable Cotton Project, a nonprofit organization, conventional cotton consumes 25 percent of the world’s chemical pesticides and fertilizers).Today, none of the brands do. Which raises... Read more.. Date : Jan 6 Source: New York Times
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Power ministry considers reprieve for hydel plantsThe power ministry is examining a five-year exemption from tariff-based bidding regime for hydel projects, while all coal- and gas-fired projects move to the new regime from this year. The Central Electricity Authority has backed the proposal . But some officials are opposing any reprieve on the ground that promoters were making 'substantial upfront premiums' to state governments for getting such projects. The difference came to light at a recent meeting called by the ministry to hear out private promoters of hydel projects. The CEA said the Central and state regulatory... Read more.. Date : Jan 5 Source: Times of India
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India speeds up solar energy developmentGiven India's dynamic economy and rising energy needs, the government is promoting solar power. Within the next two years, Indian power plants will bring an additional 1,100 megawatts online, of which 184 megawatts will be supplied by solar power and photovoltaic plants already under construction with an additional 620 megawatts of construction on the drawing board, India's Ministry of New and Renewable Energy reported Monday. Indian Minister of Renewable Energy Deepak Gupta, in announcing the country's ambitious solar program, noted that projects were under way that... Read more.. Date : Jan 4 Source: United Press International
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Trina Solar announces completion of solar plant with LancoTrina Solar Limited, an integrated manufacturer of solar photovoltaic products, has announced through its subsidiary, Changzhou Trina Solar Energy Co. Ltd., the completion of a 5MW solar power plant developed by Lanco Infratech Limited. The project is one of the single-location solar power plants in the country and the first such for the State. Trina Solar was the exclusive supplier of the high performance photovoltaic modules to power the solar plant located in the Indian state of Gujarat. The western Indian state of Gujarat is emerging as a hub of solar power... Read more.. Date : Jan 4 Source: TradingMarkets.com
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Solar power project licences up for sale as cos look to make fast buckSeveral companies that secured solar power projects from the government are selling their licenses at a premium to bigger firms, a senior government official said. “We have come across innumerable instances where companies that have been allotted solar power projects by the Centre now want to sell them off to other established players ,” said S P Gon Choudhury, special secretary (power), West Bengal. The government had allotted 80 projects, ranging from 100 kilowatts to 2 MW, in 2010 under the Jawaharlal Nehru Solar Mission. It had offered to buy back solar power produced... Read more.. Date : Jan 3 Source: Economic Times
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US Funds Pilot Study to Explore Smart-Grid Technologies in BangaloreA power company in Bangalore, India, will be exploring smart-grid technologies with the help of a $453,350 pilot study funded by the United States. The project could be a win-win for the two nations as they seek to build expertise and market share in the emerging clean energy sector. The 12-month smart-grid study is also an opportunity for the countries to build on the Partnership to Advance Clean Energy that President Obama and India Prime Minister Manmohan Singh signed in 2009. The grant from the U.S. Trade and Development Agency (USTDA) will pay a U.S. contractor to... Read more.. Date : Jan 3 Source: Newsblaze.com
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RPP Infra to invest Rs 80 cr in 5MW solar unitRPP Infra Projects Ltd today announced its entry into solar power sector, beginning with a 5 MW project in Tamil Nadu. The company would invest Rs 80 crore in the project, and is in talks with solar manufacturing companies in China and Thailand. The Erode-based construction company said in an announcement to Bombay Stock Exchange (BSE) that it expects to commence operations in 2011-12, and that funding would be finalised once the joint venture is formed. The company is in advance talks with Thai Agency Engineering Corporation Ltd from Thailand. Arul Sundaram, chairman... Read more.. Date : Jan 3 Source: Business Standard
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CII proposes bio-diesel price hikeThe government should raise the price of bio-diesel obtained from the jatropha plant to support the bio-diesel industry's sustainability efforts, the Confederation of Indian Industry (CII) says. In a proposal submitted to the ministry of new and renewable energy, the industry lobby suggested the price could be increased from Rs.26.50 per litre to Rs.36. "A study recommends that the present procurement price of Rs.26.50 as per the bio-diesel policy should be reviewed and corrected to sustain the investment and required growth of the sector," CII said in a statement... Read more.. Date : Jan 3 Source: Economictimes
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Tea off: India's farmers say climate changing brewIn this humid, lush region where an important part of the world's breakfast is born, the evidence of climate change is — literally — a weak tea. Growers in tropical Assam state, India's main tea growing region, say rising temperatures have led not only to a drop in production but to subtle, unwelcome changes in the flavor of their brews. The area in northeastern India is the source of some of the finest black and British-style teas. Assam teas are notable for their heartiness, strength and body, and are often sold as "breakfast" teas. "Earlier, we used to get a... Read more.. Date : Jan 3 Source: msnbc.com
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