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Sustainability Outlook Headlines
Thomson Reuters to Buy Point Carbon for Energy SalesThomson Reuters Corp. said it will acquire Point Carbon A/S, a Norwegian provider of energy and environmental information, to bolster offerings in this field. The transaction will close “in the coming weeks,” New York-based Thomson Reuters said in a statement today. Terms of the deal, which gives the company modeling capabilities for the carbon, power and natural-gas markets, were not disclosed. The Point Carbon purchase “underscores Thomson Reuters’s commitment to the global energy markets and supports our growth plans,” Shaun Sibley, Thomson Reuters’s head of commodities... Read more.. Date : Jun 4 Source: Bloomberg
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Sahara India Power Corporation Joins hands with Israeli company Safesky to Solar Power technologySahara India Power Corporation Limited (SIPCL), a subsidiary of Sahara India Group, and Safesky software of Israel, have today joined hands and signed a Memorandum of Understanding (MOU) for promoting and manufacturing advanced solar power and other technologies for Indian users. The MOU was signed between Mr. Ashok K Bhargava, CEO, Sahara India Power Corporation Ltd. and Dr Amos Bouchnik, Chairman, Safesky along with Mr Arik Klein, President and Founder, Safesky, in the presence of Mr. Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar. Safesky software with... Read more.. Date : Jun 3 Source: PRLog
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Green investment? Indian cos want tax sopsA majority of Indian companies feel tax incentives from the government are needed to accelerate adoption of energy-efficient business practices, according to a survey. According to the survey by workspace solutions provider Regus, though India [ Images ] has been criticised for its high emission levels, around 30 per cent companies here monitor their carbon footprint. "A majority 85 per cent of companies said if the government offered tax incentives to invest in energy-efficient or low-carbon equipment, businesses would significantly accelerate their green investments," the... Read more.. Date : Jun 3 Source: Rediff
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Solar power proposal to StateA US based company has come forward with a proposal to help government to set up 50 megawatt (MW) of solar power plant with assistance from American finance company. The State can be instantly South India’s biggest solar power generator, if the proposal by US based firm MAG one, a EPC Turnkey solution provider has offered to help the State generate renewable energy by ensuring 85 pc loan of the total cost from the financial institutes. Speaking to Deccan Herald, A Nandakishore, Regional Sales manager said the Government should just invest Rs 11 crore of the total Rs 750... Read more.. Date : Jun 3 Source: Deccan Herald
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India Advancing Its Strategic Initiatives To Fulfill Its Energy Security NeedsIndia Advancing Its Strategic Initiatives To Fulfill Its Energy Security Needs ; India's rapidly increasing dependence on crude oil imports has made the country's energy sector vulnerable to external factors. The situation has made it imperative for the domestic government to take some serious steps towards securing steady supplies for future energy needs. In this context, the country is investing on building strategic oil reserves, securing long term oil and gas supplies, investing in oil and gas-rich countries and also promoting its national oil companies to increase their operations... Read more.. Date : Jun 3 Source: OfficialWire
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India And China Are Eyeing Neighboring Nations To Expand Their Hydropower ResourcesIndia and China are Eyeing Neighboring Nations to Expand their Hydropower Resources ; Growing energy security concerns are shifting the focus of Asian power giants towards renewable energy sources. India and China are prioritizing the development of their hydropower markets to compete in the Asian power market. Besides developing their vast hydropower resources they are diversifying their hydropower portfolios by tapping the hydropower potential of their neighboring nations. These neighboring nations have been involved in international joint ventures, thereby increasing investments... Read more.. Date : Jun 3 Source: OfficialWire
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Projects under lens, carbon credits dipIndia, the second largest supplier to the UN emissions market, received 51% less carbon credits in the five months through May as regulators scrutinize the country’s projects. Issuances of Certified Emission Reduction (CER) credits to India in the UN Clean Development Mechanism, the world’s second biggest greenhouse gas market, fell to 5.86 million, from 11.96 million in the same period last year, according to UN data on Bloomberg. Worldwide issuance rose 13% in the period. The trend is striking, said Anmol Singh Jaggi, director of Gensol Consultants Pvt. Ltd in Ahmedabad,... Read more.. Date : Jun 3 Source: Livemint.com
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India opposes carbon tax on importsIndia has opposed suggestions that countries that have cap-and-trade schemes to control carbon emissions—mostly developed countries—impose a carbon tax on imports from nations that don’t have such measures in place, made at the ongoing global climate talks in Bonn. “The matter of any unilateral trade measure on imports in the name of climate action raises some concerns regarding the success of our discussions,” Vijay Sharma, secretary, ministry of environment and forests, said in his intervention on Tuesday. “Such measures would only be tantamount to green protectionism and... Read more.. Date : Jun 3 Source: Livemint.com
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Clenergen Corporation Closes Acquisition of 1.5MW/h Turnkey Biomass Power PlantClenergen Corporation today announced that the company's wholly-owned subsidiary, Clenergen India Private Limited, completed its acquisition of an 1.5 MWe biomass power plant located near Salem, Tamilnadu, India. The power plant is a turnkey, fully operational facility which generates electricity through an anaerobic digestion process using chicken litter as the biomass feedstock. The purchase price of approximately $1.65 million (based on current exchange rates) was funded through financing provided by the Indian Renewable Energy Agency, other loans and recent private equity sales of... Read more.. Date : Jun 3 Source: PR Inside
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Sasol, Tata plan $10b venture in IndiaSouth Africa's Sasol Ltd. said that it is planning to spend $10 billion in India in partnership with the Tata Group, following similar investments in Indonesia and China, Reuters reported. The company plans to produce 80,000 barrels a day of motor fuel by 2018 from a coal block in the eastern state of Orissa, the president of the company?s Indian unit, said in a interview in Mumbai. Sasol and India?s Tata Group own equal stakes in the venture, he said. Rising incomes in India are driving vehicle sales, boosting fuel demand in the world?s second fastest-growing major economy. The South... Read more.. Date : Jun 2 Source: MENAFN
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Fresh hurdles may further delay Polavaram projectPolavaram, the mega irrigation project, is faced with fresh setbacks that threaten to further delay its execution. The Irrigation Department invited fresh tenders nine months ago to have the project's earthen dam, rockfill dam, spillway and its 960-MW hydel powerhouse to be embedded in the dam, implemented as a single unit by a single agency to avoid the delay suffered earlier under two consortia of firms whose agreements, however, were scrapped. But till date, it has not uploaded its website with Internal Bench Marks (IBM), quoting the cost of each component. The AP... Read more.. Date : Jun 2 Source: Hindu
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Clenergen Corporation Closes Acquisition in SalemClenergen Corporation (OTCBB: CRGE) today announced that the company's wholly-owned subsidiary, Clenergen India Private Limited, completed its acquisition of an 1.5 MWe biomass power plant located near Salem, Tamilnadu, India. The power plant is a turnkey, fully operational facility which generates electricity through an anaerobic digestion process using chicken litter as the biomass feedstock. The purchase price of approximately $1.65 million (based on current exchange rates) was funded through financing provided by the Indian Renewable Energy Agency, other loans and recent private equity... Read more.. Date : Jun 2 Source: PR Inside
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India seeks global fund to help Third World expand forest coverIndia seized the opportunity accorded by the Oslo Conference on Climate and Forests to make a case for a global fund to aid developing countries increase their forest cover. New Delhi maintains that it is not enough to provide compensation and incentives for avoiding deforestation and degradation of forests. Instead, a comprehensive framework should have positive incentives for afforestation and reforestation and sustainable forest management or the REDD plus approach. The Oslo meet seeks to arrive at an interim partnership arrangement for reducing emissions from deforestation and... Read more.. Date : Jun 2 Source: Economic Times
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Sahara India Power Corp Joins hands with Israel's Safesky for SolarSahara India Power Corporation Limited (SIPCL), a subsidiary of Sahara India Group, and Safesky software of Israel, have today joined hands and signed a Memorandum of Understanding (MOU) for promoting and manufacturing advanced solar power and other technologies for Indian users. The MOU was signed between Mr. Ashok K Bhargava, CEO, Sahara India Power Corporation Ltd. and Dr Amos Bouchnik, Chairman, Safesky along with Mr Arik Klein, President and Founder, Safesky, in the presence of Mr. Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar. Date : Jun 1 Source: PRLog
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India Boosts Grid-Connected Clean Energy by 16% in 2009-10India boosted the amount of clean energy capacity connected to the national grid by 16 percent in the financial year ended March 31, the government said. The South Asian nation added 2,330 megawatts of capacity from renewable sources including solar, wind, water and biomass, bringing the total to 16,817 megawatts, the Ministry of New and Renewable Energy said in a statement yesterday. Date : Jun 1 Source: Bloomberg
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Negotiators at Climate Talks in Bonn Take Aim at DeforestationNegotiators at United Nations climate talks aim to make progress in protecting tropical forests and providing financing for developing nations as they struggle to agree on a global accord to reduce carbon emissions. Delegates from 185 countries meeting behind closed doors in Bonn may outline how to measure and verify emissions from deforestation and how to finance forest protection, Kaisha Kononen, a climate adviser for environmental group Greenpeace, said today in an interview in Bonn. Negotiators are seeking to incorporate a proposal at last year’s Copenhagen meeting by a... Read more.. Date : Jun 1 Source: Bloomberg
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Suzlon Heads to Seven-Month Low After Unexpected LossSuzlon Energy Ltd. India’s biggest maker of wind turbines, was headed to the lowest level in almost seven months in Mumbai trading after unexpectedly reporting a fourth-quarter loss. The shares fell 6.3 percent to 57.20 rupees at 10:11 a.m. local time, poised to reach the lowest level since Nov. 4, when they were at 55.20 rupees. The stock has declined 37 percent this year compared with a 3 percent drop in the benchmark Sensitive Index. Companies in Europe are postponing orders for wind turbines as the debt crisis makes it difficult to raise funds for renewable-energy... Read more.. Date : May 31 Source: Bloomberg
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Cancun talks may bring in no accordThe climate conference in Mexico this year may not witness any legal accord on cutting greenhouse gases or fund commitment for the countries vulnerable to climate change impacts, two leading climate change experts said yesterday. The vulnerable countries, however, will get good funding from the $30 billion adaptation fund, pledged by the developed nations in the climate summit in Copenhagen, December last year, provided that the modalities of disbursement and expenditure are fixed, they said. They talked to The Daily Star on the sidelines of the two-day Asian conference on... Read more.. Date : May 31 Source: The Daily Star
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'Our power generation cost is the lowest' - BBMB Chairman AB AgrawalBhakra-Nangal is India’s first multipurpose hydropower project in which Himachal Pradesh, Punjab, Haryana and Rajasthan hold stakes. The project comprises the Bhakra dam, Bhakra left bank and Bhakra right bank power houses, Nangal dam, Nangal hydel channel, Ganguwal and Kotla power house and associated transmission system. The initial capacity of the project was 1,205 mw, which has been expanded to 2,865 mw. The project is operated by Bhakra Beas Management Board (BBMB). Its chairman AB Agrawal has more than 30 years of experience in the hydropower sector. While talking to FE’s Noor... Read more.. Date : May 31 Source: Financial Express
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Indus Water talks todayThe India- Pakistan Permanent Indus Water Commission will begin its four-day meeting here on Sunday under the shadow of Islamabad's threat to set up a court of arbitration on the Kishanganga project on Jhelum river in Jammu and Kashmir. The Commission was set up under the 1960 Indus Waters Treaty. Likely to object Having raised the pitch on water sharing issues with India in recent weeks, Pakistan is likely to raise objections to the Uri-II, the Chutak and the Nimoo Bazgo hydel projects in the Kashmir valley. Pakistan alleges that the projects are a violation of the... Read more.. Date : May 30 Source: Hindu
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India will become energy-independent: Kakodkar“I can visualise a day when India will not only be energy-independent but also helping other countries. I hope that happens in my lifetime,” said eminent nuclear scientist and former Chairman of Atomic Energy Commission Anil Kakodkar on Saturday exuding confidence about the wider significance of the historic U.S.-India civilian nuclear deal. Dr. Kakodkar was speaking after receiving the highest civilian award of the Goa State — Gomant Vibhushan Award — which was bestowed on him by M. K. Narayanan, Governor of West Bengal, in the presence of Goa Chief Minister Digambar Kamat, Speaker... Read more.. Date : May 30 Source: Hindu
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Solar-powered LED Lamps to Bring Green Energy to India’s Rural AreasTwo companies, MIC Electronics and Beltron Telecom Green Energy Systems Ltd (BTGES), have signed an agreement to distribute 330,000 LED lamps in the rural areas of the Indian state of Bihar. The aim is to distribute 10 million lamps in the nest three years. MIC Electronics already has arrangements with one of India’s leading oil companies, the Indian Oil Corporation, to distribute these lamps in seven other states of the country. The lamps can be recharged by either solar panels or biofuel-powered generating centres. Bihar is one of the least developed state of India with... Read more.. Date : May 29 Source: CleanTechnica
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Eco Urja India completes land acquisition for a 25 MW SPV project in Rajasthan, India.Eco Urja an exciting entrant into the solar energy space in India, has annonced that it has completed all formalities for acquisition of a 120 Ha land in the state of Rajasthan in India for a combined 45 MW solar power plant. Ecourja offers project development and turnkey solutions for the generation of Renewable Energy for investors and firms who want to own renewable energy generation assets. EcoUrja in collaboration with CYMI GroupoECS of Spain, has partnered with best of breed technology and engineering companies in the renewables sector. Alongwith our partners, they offer... Read more.. Date : May 29 Source: RenewableEnergyWorld.com
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Garbage piles to be cleared in a day: PMCAfter blocking garbage dumping for five days, villagers of Mantarwadi, Urali-Devachi , Phursungi and Bhekrainagar withdrew their agitation on Friday evening following discussions with the municipal corporation and the district officials. “Immediately after the withdrawal of agitation, the Pune Municipal Corporation (PMC) has started cleaning operations and the about 5,000 metric tonne waste piled up in the city from Monday will be cleared by Saturday evening,” said Suresh Jagtap, head of the PMC’s solid waste department. After the recent fire at the dumping site at Urali-... Read more.. Date : May 29 Source: Times of India
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Natural gas pipeline deal struck between Iran and PakistanIn reaction to the countries growing energy requirements that have caused severe electricity shortages, Pakistan has now signed a $7.6 billion natural gas pipeline deal with Iran. The deal between the two countries was reached in Turkey on Tuesday. Initially, the pipeline was intended to supply natural gas to India, but officials in Delhi withdrew from negotiations over the deal last year. Pakistani Petroleum and Natural Resources Minister Naveed Qmar described the signing of the deal as a "milestone towards meeting energy needs of the country". After being delayed,... Read more.. Date : May 29 Source: Examiner
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