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Two schemes floated to revive stranded gas-based power units

By : Sustainability ..., Jan 8, 2020

The power ministry has finalised two schemes to procure 4,000 MW from gas-based power plants to rescue stranded units put up at a cost of about Rs 1,00,000 crore. The schemes include procuring 2,000 MW from gas-based plants through auction and bundling it with an equal...

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NTPC to invest Rs 50,000 crore to add 10GW solar energy capacity by 2022

By : Sustainability ..., Dec 26, 2019

State-owned power giant NTPC is planning to add 10GW of solar energy generation capacity by 2022, which entails an investment of around Rs 50,000 crore, to be funded mainly by green bonds, a source has said. At present, NTPC has installed renewable energy capacity of 920 MW,...

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Coal endures as world's favorite fuel for electricity generation

By : Sustainability ..., Dec 17, 2019

Coal consumption is set to rise in the coming years as growing demand for electricity in developing countries outpaces a shift to cleaner sources of electricity in industrialized nations. While use of the most polluting fossil fuel had a historic dip in 2019, the...

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India leads in adoption of new energy technologies: IEEFA

By : Sustainability ..., Dec 11, 2019

India is leading in the adoption of new energy technologies in the current global energy transition, according to the Institute for Energy Economics and Financial Analysis (IEEFA). This lead has been achieved through various policy initiatives and learning by doing, the...

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Plant that converts paddy straw into biogas set up to tackle Delhi pollution

By : Sustainability ..., Oct 21, 2019

India's first plant to convert paddy straw into biogas that can be used as CNG in automobiles will come up at Karnal in Haryana as agencies double effort to prevent burning of crop stubble that is said to be the main reason for pollution in the national capital region. ES...

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Corporate solar power funding jumps 34% to $9 billion in 2019

By : Sustainability ..., Oct 10, 2019

Global corporate funding in the solar power sector jumped 34 per cent to $9 billion in the first nine months of 2019, according to clean energy consulting firm Mercom. In the third quarter ended September, solar funding more than doubled to $3 billion from $1.3 billion in the...

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US seeks greater involvement in Indian renewable energy sector

By : Sustainability ..., Oct 4, 2019

A multi-institutional delegation from the US has arrived here to seek greater involvement in the Indian energy sector. The team consisting of Francis Fannon, a senior US State Department official on energy, the US government’s aid arm and its energy regulator and ministry...

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UNCTAD Report Public Banks are Best for Sustainable Development

By : Sustainability ..., Sep 30, 2019

UNCTAD Report Public banking should be given back its traditional, bigger role if the environmental and economic landscape is to be transformed by 2030, argues UNCTAD’s Trade and Development Report 2019 released on September 27, 2019. Efforts to leverage private finance by...

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PMO steps in to ease supply of credit for green energy firms

By : Sustainability ..., Sep 30, 2019

The Prime Minister’s Office has intervened to help ease credit supply to renewable energy firms, as the government moves to ensure that India’s efforts to emerge as a clean energy champion are not undermined by a lack of access to funds. The PMO has asked federal policy think...

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UN Chief says India making fantastic efforts in renewable energy

By : Sustainability ..., Sep 23, 2019

India is a very important actor and "fundamental partner" in international efforts on climate action and is making a "fantastic effort" to grow its renewable energy basket, UN chief Antonio Guterres has said. UN Secretary General Guterres, who has met Prime Minister Narendra...

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