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Sustainability Outlook Headlines
Germany's KfW, India's IREDA sign €200 million agreementTo promote development of renewable energy in India, German Government-owned development bank KfW today signed a loan agreement worth €200 million with the Indian Renewable Energy Development Agency Limited (IREDA). The agreement was signed by Debashish Majumdar, CMD, IREDA with Uwe Ohls, Senior Vice President, KfW in the presence of Christian Schlaga, Chargé d'Affaires a.i. of the Federal Republic of Germany, and of Prabodh Saxena, Joint Secretary, Department of Economic Affairs of India's Ministry of Finance. The agreement comprises an integrated package of concessional... Read more.. Date : Mar 10 Source: India Vision
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Subsidized Gas Undercuts India's Renewable Energy Target, Minister SaysCooking gas subsidized by the government is undercutting India’s efforts to roll out fuel produced from renewable sources such as agricultural waste, a government minister said. India has installed plants in the last four years that can produce 930,712 cubic meters of gas from manure and other agricultural refuse, according to a written answer to parliament today from Minister of New and Renewable Energy Farooq Abdullah. That fell short of targets in part because of the increasing availability of subsidized liquid petroleum gas, Abdullah said. India spent an estimated... Read more.. Date : Mar 10 Source: Bloomberg
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France proposes restructuring of PV FIT including 20% reduction in rates; New rates to go into effect March 9th, 2011At the end of February 2011 the French government announced a proposed restructuring of the nation's feed-in tariffs (FIT) for solar photovoltaics (PV), including a 20% cut in PV rates and a requirement that all projects over 100kW go through a tender process. Also, France's Sustainable Development Commission has announced that the nation installed 719MW of PV in 2010, a 152% increase over the 285MW installed in 2009. "Regarding photovoltaics, the new support scheme aims to balance the increased cost to consumers of electricity, the balanced development of a competitive industrial... Read more.. Date : Mar 10 Source: SolarServer
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Panel suggests 15% increase in urban development fundingThe government needs to scale up urban development funding by at least 15% per annum in the 12th Plan (2011-17) to meet the challenges of rapid urbanisation in the country, an expert committee has said. Citing the need for an investment of 32.4 lakh crore over a period of 20 years, the committee has suggested that the government needs to increase spending and revamp existing schemes to enhance urbanisation. The expert committee, headed by economist Isher Ahluwalia, submitted its report to urban development minister Kamal Nath and housing and poverty alleviation minister Selja... Read more.. Date : Mar 10 Source: Economic Times
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Gamesa to double India capacity with Rs 500-Cr investmentSpain’s Gamesa Corporacion Tecnologica is doubling its wind turbine manufacturing capacity in India at an investment of Rs 500 crore, foreseeing higher demand for renewable energy in the country. The company has also denied being interested in a stake in Suzlon Energy , India’s largest wind-turbine maker. Gamesa , one of the world's largest wind-turbine manufacturers, plans to raise capacity in India to 1,000 mw by September. “Within the first year of our operations, India contributed 5% of our overall sales. And we want this to touch 25% within the next two-three years,” Gamesa... Read more.. Date : Mar 10 Source: Economic Times
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Himachal to set up climate study centreHimachal Pradesh will set up a centre to study the impact of the changing environment on climate, Chief Minister Prem Kumar Dhumal said Wednesday. The centre will promote research and generate scientific database relating to the sectors that are vulnerable to climate change like agriculture, horticulture and forests, Dhumal said during his budget speech in the assembly. “Besides carrying out research in the areas of disaster management and glaciers, it will also work towards evolving appropriate strategies towards climate change,” the chief minister added. Dhumal said... Read more.. Date : Mar 9 Source: Thaindian.com
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EU plan to double energy efficiency by 2020The European Union needs to double its efforts to boost energy efficiency in order to cut greenhouse gases, partly by producing better household appliances, renovating public buildings and private homes, and driving improved cars, the EU executive said in a plan adopted Tuesday. The European Commission said the EU can cut greenhouse gases 25 percent below 1990 levels by 2020, surpassing its own 20 percent target, through an efficiency campaign in transportation, construction and agriculture. "The good news is we don't need to wait for technological breakthroughs," said... Read more.. Date : Mar 9 Source: msnbc.com
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M&M, SsangYong Motor may team up for electric vehiclesMahindra & Mahindra may team up with SsangYong Motor in an attempt to bolster its electric vehicles' business as rising fuel prices have triggered demand for eco-friendly products. India's largest utility vehicle maker plans to collaborate with SsangYong Motor to produce the latter's electric variant of the crossover model, Korando, signalling the first step towards a synergistic approach, said people with direct knowledge of the development. SsangYong displayed the electric variant of Korando at the recently-concluded Geneva Motors Show. M&M, which took management... Read more.. Date : Mar 9 Source: Economic Times
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UK SMEs to benefit from GBP550m green financingA £550 million green business finance fund was announced today that will benefit small to medium-sized companies that want to improve their energy efficiency affordably. The new Energy Efficiency Financing scheme is the first privately financed scheme of its kind in the UK and is being jointly launched by Siemens and the Carbon Trust. It will provide green equipment finance to businesses of all sizes over the next three years with loans starting as low as £1000 and payable through energy savings to make it affordable to small to medium-sized enterprises (SMEs). UK businesses... Read more.. Date : Mar 8 Source: IBTimes
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CLP India bets big on wind power and eyes foray into solar powerPrivate power player CLP India said that it plans to enhance its wind power portfolio by 200 to 300 MW every year over the next three years and is besides mulling an entry into solar power in the next two years. The official said that CLP India which owns and operates a 655-MW gas power plant near Bharuch in Gujarat, has already obtained approval to expand this by 1,000 MW and is presently awaiting allocation of gas for the project. Mr Rajiv Mishra MD of CLP India said that "Our plan is to increase our wind energy portfolio by 200 to 300 MW every year over the next three-... Read more.. Date : Mar 8 Source: SteelGuru
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HP plans to harness wind energyThe hill state proposes to explore the possibility of generating power using wind energy as an alternate source of power after having harnessed electricity from different hydrological sources. Himachal Pradesh Power Corporation limited (HPPCL) managing director Tarun Kapur said, "we have a proposal to initiate this kind of a project where wind energy can be harnessed to generate electricity and we are looking for partners in the private sector to take up the project with HPPCL." "Based upon the wind map surveys of GOI and other surveys, we are looking upon different spots in... Read more.. Date : Mar 7 Source: Times of India
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China Plans Cap-and-Trade Trials to Help Control Greenhouse Gas EmissionsThis past week, Premier of China Wen Jiabao announced that China would start actively working to cut its carbon emissions while still continuing its economic development. Jiabao stated that China would specifically reduce the amount of carbon dioxide produced per each unit of economic development by 16 percent to 17 percent by the end of 2015. China is the world's largest carbon dioxide producer, putting it ahead of the United States. In light of this recent announcement, China has officially announced one of the first steps it would take to reduce these emissions. The National... Read more.. Date : Mar 7 Source: YAHOO
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Gadkari, Meghe bat for biofuelsBJP national president Nitin Gadkari and Congress MP, Datta Meghe, have launched a drive to promote biofuels in Vidarbha. They have prepared a charter of demands that will be presented to Prime Minister Dr Manmohan Singh. The two leaders feel that in view of rising crude prices, reducing India's dependence on imported crude was vital for progress of the country. Finance minister Pranab Mukherjee had express concern over sharp increase in crude prices due to unrest in Middle East. Gadkari, Meghe and others have formed a group to promote biofuels, which is headed by ex-union minister... Read more.. Date : Mar 7 Source: Times of India
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Carmakers bet on green technology to offset costly fuelCarmakers across the world, including India's Tata Motors and Mahindra & Mahindra, are chasing green technologies such as hybrid and electric vehicles to cope with rising oil prices. India's top automaker Tata Motors will launch its Indica Vista EV, an electric car based on its largest-selling Indica platform, in the UK, Norway and Denmark soon, while Mahindra & Mahindra will globally launch Reva NXR car based on the new-generation lithium-ion battery later this year. Ultra-luxury carmaker Rolls Royce has showcased its first electric car, 102 EX Phantom, at the... Read more.. Date : Mar 7 Source: Economic Times
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Maharashtra village fights climate change using Eco programmeWhile other Nationalist Congress Party (NCP) Ministers are in the limelight for all the wrong reasons, Jayant Patil is trying to make a difference in Maharashtra. Divested of his finance portfolio which went to Deputy Chief Minister Ajit Pawar, Mr. Patil, now Rural Development Minister, has embarked on an ambitious programme of tree plantation and rural sanitation, combined with planned development of villages for the first time. In a whirlwind tour across the State, he aims to complete nearly 120 public meetings to promote the Eco village programme, which could cost the State Rs.... Read more.. Date : Mar 7 Source: Hindu
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SMC plans e-waste disposal facility in SuratWith increasing usage of computers and various ancillary products, electronic waste is becoming a cause of concern, as there are limited facilities available for its disposal. Now, Surat Municipal Corporation, with the help of a private company, has taken an initiative to ensure proper disposal of e-waste. Though the entire project is still in the planning stage, the project will be prepared on PPP basis. The initiative to collect and dispose e-waste has been taken by a company, Gujarat Enviro Protection Infrastructure Ltd (GEPIL). SMC has also taken part in the initiative... Read more.. Date : Mar 6 Source: Daily News and Analysis
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Green Lighting shaves Rs 2 cr off lighting bills in ChennaiChennai Mayor Ma Subramanian today said the Corporation could bring down the electricity bill for lighting up the city by Rs two crore due to Green Lighting. The bill has decreased from Rs 18 crore to Rs 16 crore owing to green lighting, he said while appreciating the people behind the concept at the Light India International 2011 fair at Chennai Trade Centre today. Delivering the inaugural address he said this was possible despite an addition of 22,000 lights to the growing city to the previous number of 1,10,000 lights four years ago when he took over as mayor. On... Read more.. Date : Mar 6 Source: Webindia 123
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Indo-US centre on clean energy soonA clean energy research and development centre a joint venture between the ministry of science and technology and the US department of energy will be launched soon, said Indo-US science and technology forum executive director Arabinda Mitra on Friday. He was speaking at the Indo-US workshop on the critical global challenge: managing water resources for food security and sustainability organised here the M S Swaminathan Research Foundation (MSSRF) and University of Nebraska Robert B Daugherty Water for Food Institute. Mitra said the priority areas of the centre would... Read more.. Date : Mar 5 Source: Times of India
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Italy moves to quell fears over solar incentivesItaly's government rushed on Friday to quell concerns among banks and investors about the impact of new renewable energy rules on funding for the sector, pledging to reach an agreed solution on new solar incentives. Italy removed a much-feared cap on production incentives for solar power generation in a new renewable energy decree approved on Thursday but included measures which could slow down solar growth. "The rapid definition of new incentives is my priority. Therefore I want first to meet the main banks and businesses involved," Industry minister Paolo Romani... Read more.. Date : Mar 5 Source: Reuters
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Green energy to drive tower cos' bizTelecom tower companies are beginning to use green and efficient alternatives in renewable energy, especially in rural areas where electricity is scarce, opening up new business avenues worth over $1 billion for clean energy equipment makers. Indian telecom infrastructure companies, including Indus Towers, American Tower Company, GTL and Viom Networks (erstwhile Tata Quippo), that depend heavily on diesel generators to power more than 3.5 lakh towers across India, are conducting pilot tests on solar, wind energy, bio-diesel and fuel cell-based equipment and rolling out clean... Read more.. Date : Mar 5 Source: Economic Times
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India May Auction 296 Megawatts of Solar Capacity, Economic Times ReportsIndia may issue a tender for 296 megawatts of solar capacity for starting in April, the Economic Times reported, citing Anil Agrawal, Chief Executive Officer of NTPC Vidyut Vyapar Nigam Ltd. The tender will be the second under the country National Solar Mission. NTPC Vidyut Vyapar Nigam, a state-run power trader, is overseeing the auctions. Date : Mar 5 Source: Bloomberg
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Global Ecology Executes LOI for Thermal Solar Energy Project in IndiaGlobal Ecology Corporation (OTCQB: GLEC) announced today that it has executed a Letter of Intent with Esoft Informatics, Pvt. Ltd., of Noida, India for the development of a thermal solar energy project in India. Under the terms of the agreement, Global Ecology will form a U.S. subsidiary, GEC Energy Corporation, to be jointly owned by Esoft and Global Ecology. Upon completion of definitive documents, GEC Energy Corporation will be assigned the rights to a $25 million Standby Letter of Credit from a AAA rated U.S. trust which will assist GEC Energy Corp. to secure... Read more.. Date : Mar 5 Source: Marketwire
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Green initiative in hospitals can reduce power bill: CIIHospital in Mumbai consume 14 per cent more energy than the national average among hospitals, states a CII report on energy efficient hospitals that was released on Thursday. As part of its green audit in city hospitals, the CII conducted a survey of 17 hospitals and found that nearly 60 per cent of them consumed more energy when compared to the minimum energy efficiency index. The study has pegged the minimum energy consumption at 200 k wt/sq mt/ annum and found that 60 per cent of the hospitals consume more energy. “Hospitals would be able to save considerable energy... Read more.. Date : Mar 4 Source: Indian Express
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Biofuels only major way to decarbonizes road fuel: BPBiofuels represent the only way to significantly reduce carbon emissions in road transport fuel and are likely to account for at least 12 percent of supply by 2030, an official with oil giant BP said on Wednesday. "There is no other alternative that I can really subscribe to in terms of decarbonizing road transport," Olivier Mace, head of strategy, regulatory affairs and communications at BP unit BP Biofuels, told a conference organized by Agra Europe. Mace said that electricity may play a role "one day" and biogas may also be in the mix, but "to get into 10 percent,... Read more.. Date : Mar 4 Source: Reuters India
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Budget aimed at encouraging voluntary compliance: Mr. Sunil Mitra
Speaking at the CII Interactive Session with the Ministry of Finance on the Union Budget 2011-12, Mr. Sunil Mitra, Revenue Secretary, elaborated that the main aim of the Budget was to broaden the tax base, moderate tax burden and ensure voluntary compliance. He said that excise duty was not hiked in order to further promote partnership with industry for overall economic growth. He also addressed the issues raised by industry regarding increase in MAT. According to him, the hike will offset the reduction in corporate surcharge and the hike should not be seen as significant. On CII’... Read more.. Date : Mar 4 Source: CII
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