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Sustainability Outlook Headlines
Anert and Keltron fight it out for solar energy shareAC generators manufacturer TD Power Systems today said its wholly-owned subsidiary, D F Power Systems, has won an EPC contract worth Rs 150 crore to set up a 27 mw captive power plant in Chhatisgarh. The scope of the contract includes setting up a 27 MW cement waste heat recovery (WHR) based captive power plant on complete EPC basis for a cement manufacturer in India, for their upcoming unit in Chhattisgarh, the company said in a statement issued here. "This order marks our foray into cement waste heat recovery based power sector, starting with a largest project in the... Read more.. Date : Jul 15 Source: Deccan Chronicle
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Environment ministry headquarters to go fully solarThe country's first "net zero" conventional energy consumption multi-storey building - the new headquarters of the environment ministry - will be completed in Jor Bagh next month. The building will meet its annual requirement of 14 lakh units of electricity by generating solar power on the site. The environment ministry had set this target for Central Public Works Department (CPWD), which is building the Indira Paryavaran Bhawan. "It is an embodiment of almost every measure of sustainability that is possible," CPWD director general V K Gupta said. It will also have an underground... Read more.. Date : Jul 14 Source: Economic Times
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Green homes to attract lower interest ratesBuyers of certified green and energy-efficient homes will get home loans at lower interest rates, with a memorandum of understanding for this being signed on Friday between the Indian Green Building Council (IGBC) and National Housing Bank (NHB).
The purpose of this MoU is to jointly enhance and promote the adoption of energy efficient and 'Green' homes concept in India. "Going green is indeed an imperative to ensure a sustainable tomorrow. I hoped the MoU will go a long way in promoting green homes and facilitate India emerge as one of the global... Read more.. Date : Jul 14 Source: Business Today
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CII inks MoU with National Housing Bank to promote green housingIndustry body CII today inked a memorandum of understanding (MoU) with National Housing Bank to promote adoption of energy efficient green homes in the country. The MoU was signed between Indian Green Builidng Council (IGBC) of CII and NHB during the first edition of confernece on green apartments here today. "The purpose of this MoU is to jointly enhance and promote the adoption of energy efficient and green homes concept in India," CII said in a statement. The MoU, signed in presence of Arun Kumar Misra, Secretary of the Ministry of Housing and Urban Poverty... Read more.. Date : Jul 14 Source: Economic Times
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IFC finances Azure's rooftop solar India projectIFC, a member of World Bank, is providing $ 3 million loan to independent energy producer Azure Power's rooftop solar India project in Gujarat. IFC's investment in the subsidiary is expected to help avoid around 3,600 tons of carbon emissions a year, Azure Power said in a statement today. The company is constructing a 2.5 megawatt rooftop solar project in Gandhinagar that will be connected to the state electricity grid. "With this, Azure Power has forayed into distributed solar power generation. We are committed to driving down cost of energy for end consumers," Azure... Read more.. Date : Jul 12 Source: Economic Times
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Jain Irrigation shares rally over 4% on plans to sell wind power businessShares of Jain Irrigation moved higher on reports that the company is planning to sell its wind power business to reduce debt. At 09:55 a.m.; the stock was at 52.10, up 3.99 per cent, on the BSE. It touched a high of Rs 52.25 and a low of Rs 51.10 in trade today. Its board has authorised officials to finalise and sign various agreements in connection with "Sale or otherwise disposal of wind power undertaking" to any person. "This business is part of non-integral business lines. The transaction when completed shall result in reduction of foreign currency debt of $10.5... Read more.. Date : Jul 12 Source: Economic Times
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Astonfield Solar PV Project Awarded India’s First ‘A’ Credit Rating For Solar Power ProjectA 5 MW solar photovoltaic (PV) project owned by Astonfield Renewables has become the first solar power project in India to receive an A class credit rating. The project has been given A- credit rating by Credit Rating Information Services of India Limited (CRISIL), a division of the McGraw Hill Corporation and whose majority stakeholder is Standard & Poor’s. 5 MW solar PV project by Astonfield Renewables at Osiyan, Rajasthan (India) 5 MW solar PV project by Astonfield Renewables at Osiyan, Rajasthan (India) | Source: Astonfield Renewables The project is one of the... Read more.. Date : Jul 12 Source: cleantechnica
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ITC is powering itself up with wind farm clustersRenewable energy contributes to over 41 per cent of the total company’s power consumption. This is poised to go up to over 50 per cent as it sets up more projects. The company has installed wind farms with over 70 mw at sites close to their facilities and is in the process of setting up 63 mw more. Significantly, last financial year, it also brought down overall power consumption across all its business divisions. This is part of the corporate wide sustainability drive. The new capacity includes a 46 mw farm at its Paper unit at Bhadrachalam in Andhra Pradesh. The company has... Read more.. Date : Jul 12 Source: Hindu Business Line
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Vikram Solar bags 5-MW solar project in MaduraiVikram Solar, a Kolkata based leading solar module manufacturing company, announced that it would be installing a 5-MW solar power facility for JVS Export, Madurai, Tamil Nadu, under REC mechanism. JVS Export is a leading manufacturer and exporter of home textiles and the customers of JVS include the likes of Wal-Mart, Lifestyle, Kohl's and Reliance Industries. Gyanesh Chaudhary, managing director, Vikram Solar said, ''We are honoured to get an opportunity to install our solar power plant, there. We are thankful to JVS Export for giving us an opportunity to showcase our... Read more.. Date : Jul 12 Source: Myiris News
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New code to grant existing buildings green ratingThe Indian Green Building Council (IGBC) has launched an initiative to bring existing buildings under the green fold. A new code has been developed for the purpose. Existing non-residential buildings including office buildings, IT parks, Business Process Outsourcing companies, shopping malls, hotels, hospitals, airports and banks could be considered for conversion into green buildings.
Green practices in building construction and maintenance have been gaining wider acceptance in the wake of increased awareness of energy conservation.
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India’s First Wind Auction Stalled by Mytrah Court CaseIndia’s first auction of wind-farm licenses stalled after an industry lobby and a developer backed by Henderson Global Investors Ltd. filed injunctions, saying it would accelerate a 47 percent plunge in turbine installations. Rajasthan state, India’s biggest market for new wind farms last year, withdrew a tender for as much as 1,200 megawatts over three years after the Indian Wind Energy Association and Mytrah Energy Ltd. (MYT) filed petitions, B.K. Makhija, Rajasthan Renewable Energy Corp.’s technical director, said in a phone interview. Mytrah Chairman Ravi Kailas declined... Read more.. Date : Jul 11 Source: Bloomberg
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India Risks Spain’s Solar Slump With Move to Cut TariffIndia’s biggest solar power-producing state is seeking to cut the subsidized rate it pays to plants by 28 percent, joining governments from Spain to Greece backtracking on clean-energy support to lower costs. Gujarat Urja Vikas Nigam Ltd. is asking for permission to lower the average megawatt-hour price to 9,000 rupees ($150) from 12,540 rupees, according to a petition copy obtained by Bloomberg News and confirmed by Gujarat Electricity Regulatory Commission Chairman P.K. Mishra. The government-run bulk buyer of solar power in the western state signed 25-year contracts with 80... Read more.. Date : Jul 11 Source: Bloomberg
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India offers partnership in renewable energy with MongoliaIndia has offered to cooperate with Mongolia in developing its renewable energy sector as well as in human resources development. The offer was made by Minister for New and Renewable Energy Dr. Farooq Abdullah to President Tsakhia Elbegdorj of Mongolia at Ulaanbaatar today. Dr. Abdullah is in Ulaanbaatar to represent India at the inaugural ceremony of the President of Mongolia, Tsakhia Elbegdorj, who has been re-elected to a second four year term. The oath taking ceremony was attended by members of Mongolia's Parliament and Government as well as representatives from... Read more.. Date : Jul 11 Source: Business Standard
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Solar case controversy hurts photo-voltaic businessRising controversy over the solar fraud case has damaged the sales and market of solar photo-voltaic (PV) business in the state, say experts in the field. "Sales of solar PV products in Kerala have dipped by 75% after the controversy. Those planning to install solar-powered inverters have postponed their purchase," said K N Iyer, MD of Kraftwork Solar Pvt Ltd and VP of Kerala Renewable Energy Entrepreneurs & Promoters Association.
He also feels that the industry would take another year to regain its momentum.
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RPower gains over 6% as solar project gets carbon credits nodShares of Reliance Power today soared by over 6 per cent after the company's 100-MW solar power project in Rajasthan received approval for carbon credits under United Nations Framework Convention on Climate Change. After surging nearly 8 per cent to Rs 77 in intra-day trade, the stock finally ended at Rs 75.65, up 6.10 per cent from its previous close on the BSE. At the NSE, the scrip settled 6.1 per cent higher at Rs 75.65. On the volume front, 74.69 lakh shares of the company changed hands on the BSE, while over 2 crore shares were traded on the NSE. "This is the... Read more.. Date : Jul 11 Source: Economic Times
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Jakson Power to invest Rs 750 cr on solar energy solutionsTargeting to double its revenue to Rs 2,500 crore by March 2016, Jakson Power Solutions plans to make a fresh investment of Rs 750 crore in providing solar energy solutions across India in the next three to four years. The company has so far invested Rs 200 crore on its 20 megawatt (MW) solar power plant set up near Jodhpur, Rajasthan, Sameer Gupta, Managing Director, told Business Line on Tuesday. Now the 66-year-old company is focusing on scaling up its solar power portfolio to 100 MW in the next three to four years. The Rs 750-crore investment would be for expansion of... Read more.. Date : Jul 11 Source: Hindu Business Line
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Govt mulls hybrid vehicles for public transportDelhi will host trials for hybrid three-wheelers , mini-buses and buses from August as the government explores the use of alternative fuel-based transport under a policy regime expected to involve subsidies to incentivize production. A review of "strategic industries" conducted by Prime Minister Manmohan Singh on Tuesday approved pilot projects for use of electric and hybrid vehicles for public transport as they are non-polluting and help conserve fossil fuels. A ministerial steering committee that includes Delhi's chief secretary will work out implementation modalities for the... Read more.. Date : Jul 10 Source: Times of India
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Investor interest in e-waste startups surges on new rules mandating disposalNumerous companies that recycle electronic waste are seeing a spurt in growth and drawing investor interest after new rules placing the onus on producers and bulk consumers for the safe disposal of used gadgets came into effect last year.
The e-waste startups, which collect, segregate and recycle electronic components, have seen even more than five-fold rise in revenues in some cases since the introduction of the regulations. "Four years ago, the organised sector handled less than 3% of the e-waste generated in India, but today the figure has moved up to 7.5%,"... Read more.. Date : Jul 10 Source: Economic Times
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India has €2-b market potential for high-voltage transmission lines: AlstomIndia has a market potential of €2 billion for setting up high-voltage transmission lines by 2018, France-based Alstom believes. "The HVDC (high-voltage direct current) market is estimated at €50 billion in the next 10 years and Alstom targets a 20 per cent market share," the company said. The multinational conglomerate, which is into power generation and transport, said Americas, China, India and Europe had the greatest potential in this sphere. The biggest challenge for India is to ensure efficient transfer of bulk electricity over long distances, while maintaining... Read more.. Date : Jul 10 Source: Hindu Business Line
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UPNEDA and NHPC to sign MoU for solar power plant in UPThe Uttar Pradesh government has given its approval to set up a Joint Venture company of the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), and National Hydroelectric Power Corporation (NHPC), to develop the solar project in the state. For the purpose, both the agencies will sign an MoU. The proposed 100 MW solar plant will come up in Kalpi of Jalaun district. The UPNEDA will avail 267.47 ha of non-agricultural land for this purpose and the power plant will be installed by NHPC. The project, estimated to cost Rs 400 crore, is expected to be operational within 14... Read more.. Date : Jul 10 Source: Times of India
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Welspun sees solar power tariff matching thermal by 2016With 111 MW of solar and wind power operational, Welspun Energy, the country’s largest solar energy major, will have 250 MW of solar facility online by end-December, besides 50 MW of wind power. It has over 1,000 MW under development, with a target of putting up 1,400 MW across eight States by 2016 at an investment of over Rs 15,000 crore. Welspun is confident that the solar tariffs of today will match conventional energy rates by 2016 and make green power the most sought after in the years to come. “As such, solar power unit rates are lower than the retail tariff of Rs 12-... Read more.. Date : Jul 10 Source: Hindu Business Line
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NTPC setting up solar plant near FaridabadAK Jha, director (technical) of state-run generation utility NTPC,on Tuesday laid the foundation stone of a 5 MW solar photo-voltaic plant at Village Jhajru near NTPCFaridabad. The project is being constructed on approximately 20 acres of land. The work for this project has been awarded to Eversun Energy Pvt. Ltd. and Enmas GB Power System Projects Ltd for Main Solar Plant package and Power Evacuation Package, respectively. This plant will generate 7.437 million units of electricity annually. This electricity will be equivalent to the power requirement of approximately 6,000... Read more.. Date : Jul 10 Source: Times of India
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DLF sells 150-MW Kutch wind farm for Rs 325 crAs part of its efforts to exit from non-core business, DLF Ltd has completed the transfer of 150-MW capacity wind power project in Kutch, Gujarat, to BLP Vayu (Project 1) Pvt Ltd, a subsidiary of Bharat Light & Power Pvt Ltd, including related assets and liabilities along with relevant long-term loans on ‘as is where is basis’ by way of slump-sale for a lumpsum consideration of Rs 325.38 crore. Date : Jul 8 Source: Hindu Business Line
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Rs 300-crore scheme to strengthen research for climate change clearedThe Planning Commission has approved a scheme to strengthen domestic scientific research on climate change and improve capabilities of state governments to understand and mitigate the global phenomena that can dampen India’s GDP growth by up to 3% by 2020. The Rs. 300-crore umbrella scheme, Climate Change Action Programme, aims to set up India’s first dedicated institution - National Centre for Climate Change Research - for research and climate modeling. “The proposed centre would coordinate between scientists working on climate change across India and will conduct specific... Read more.. Date : Jul 8 Source: Hindustan Times
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Poor awareness hampers switch to solar powerThe suppliers approved by the nodal agency for promotion of renewable energy in the state say that the efforts to promote solar energy among the public is hampered by low awareness. Many don't know the gains of solar power and how to go about to install a solar system, if at all one likes to have one. As elsewhere, majority of the people in Madurai district do not even know where and who should be approached for the installation of solar power panels. The awareness is low even among the educated, say the approved suppliers. After the Madurai corporation made solar panels mandatory... Read more.. Date : Jul 8 Source: Times of India
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