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Sustainability Outlook Headlines
Russia's Taymyr plan: Arctic coal for India risks pollutionNatural riches come in two conflicting types in Russia's Arctic north: valuable minerals and spectacular wildlife. But sadly for many threatened species, the decline in Arctic sea ice has created a new economic opportunity for Russia in their remote habitat. In a decree last year President Vladimir Putin ordered Russian firms to boost cargo traffic on the Northern Sea Route to an annual 80m tonnes by 2024. Ambitious energy co-operation deals were signed with India in Vladivostok, in Russia's far east, in October. One centres on a big open-cast coal mining project in the Taymyr Peninsula,... Read more.. Date : Nov 29 Source: BBC News
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REIL, EESL bag big chunk of orders for EV charging stationsState-owned Rajasthan Electronics & Instruments Ltd (REIL) and Energy Efficiency Services Ltd (EESL) have bagged a significant chunk of orders for setting up more than 2,500 e-vehicle charging stations in about 90 cities across the country. No private sector company has qualified. About 50 bids were received from private companies for tenders floated under the Centre’s second phase of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (Fame-II) scheme, but the companies did not qualify as they had to bid through nominated agencies for the states, sources... Read more.. Date : Nov 29 Source: ET Energy World
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Procter & Gamble India sets up Rs 200-crore fund focused on climateConsumer goods major Procter & Gamble (P&G) India on Thursday said it had set up a Rs 200-crore fund that would partner and invest in companies that provided environmentally sustainable solutions. The new fund is in addition to its innovation sourcing fund that the company, the local unit of the world's largest consumer goods firm P&G, had launched last year. So far, P&G India has spent Rs 200 crore through the innovation sourcing fund, investing in start-ups that provide interesting ideas and solutions to business problems. Rival Unilever, the world’s second-largest... Read more.. Date : Nov 29 Source: Business Standard
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Tata Power seeks global investors for renewable energyIndia's Tata Power Company Ltd, the power generation arm of the salt-to-software Tata group, wants to sell a stake in its renewable energy portfolio to global investors, its chief executive Praveer Sinha told Reuters. The company is examining the option of bringing in global investors through an infrastructure investment trust, commonly called an InvIT, Sinha said, adding the funds would help the company reduce debt. "It will be a private InvIT in the sense that there will be some global players who are long term investors," Sinha said. An InvIT is an investment scheme like a mutual fund... Read more.. Date : Nov 29 Source: Deccan Herald
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MG Motor India associates with Umicore for recycling end-of-life ZS EV batteriesMG Motor on Thursday announced its association with Umicore to explore opportunities in safe and sustainable recycling of end-of-life batteries for electric vehicles. Umicore offers a complete recycling journey for Li-ion batteries to maintain ecological footprint. Umicore holds extensive expertise in end-to-end battery life cycle management and a unique battery value chain that guarantees better operational efficiency, supply security and speed of response, MG Motors said in a release. Speaking on the tie-up, Gaurav Gupta, chief commercial officer, MG Motor India, said, “Over the past few... Read more.. Date : Nov 29 Source: The Times of India
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Distributed Energy’s rooftop solar aggregator platform raises Rs 100 million fundingRooftop solar developer Distributed Energy has launched an online platform that connects credible renewable energy projects with investors. After comprehensive due diligence on several metrics, energy customers can have their fundable projects listed on its marketplace. Investors can explore and express interest in one or more of these at the click of a button. The platform—which has already delivered 5 MW of energy to a range of companies in Southern India and Rwanda—has received Rs 100 million in funding from Singularity University’s Co-Chair for Energy and Environment and Angel investor... Read more.. Date : Nov 29 Source: PV Magazine India
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TN’s electric vehicle policy attracts global player, MoU likely to be signedTamil Nadu’s electric vehicle policy has attracted global players including those from China, and the state government is likely to sign a Memorandum of Understanding soon. About nine new MoUs with various companies, including BYD China, would be signed as part of the initiative to industrialise the state. China’s BYD (Build Your Dreams) Group’s Indian arm is likely to invest Rs. 700 crore in a mobile components facility in Sriperumbudur, say sources. In October, a month after the State government unveiled its electric vehicle (EV) policy, Zhang Jie, executive director of BYD India, called... Read more.. Date : Nov 29 Source: Deccan Chronicle
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Toshiba, Kerala govt sign EOI for making lithium-ion batteries for e-vehiclesThe Toshiba group on Thursday signed an Expression of Interest (EOI) with the Kerala government for technology transfer and manufacturing lithium-ion batteries for electric vehicles. The EOI was signed at the Kerala State Investment Promotion Seminar organised here which saw the participation of a high-level delegation of the Kerala government led by Chief Minister Pinarayi Vijayan. Vijayan addressed the seminar organised for 150 major Japanese investors. Date : Nov 29 Source: ANI News
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IIT-H partners with Japanese company to produce electric vehiclesIn a revolutionary move in Indian Automobile Sector, which was heading towards adoption of manufacturing of electric vehicles, the Indian Institute of Technology-Hyderabad and ItsEV, a Japan-based electric vehicle manufacturing company were planning to launch electric vehicle, which can be recharged by installing solar panels on its top, in Indian market. A three-wheeler prototype was already test run on the institute premises on Thursday. Two days ahead of a day-long workshop on “Dawn of New Era for Indian Automobile Industry” at IIT-H, the faculty of Department of Chemistry IIT-H and... Read more.. Date : Nov 29 Source: Telangana Today
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Shifting to electric vehicles may only burn money: ExpertsElectric vehicles may not be the panacea the country is hoping for. To implement the electrification plan of 2030, the manufacturing of battery capacity in the country needs to be augmented at least 1,000 times. Moreover, five giga factories will be required to be set up, each costing around $5 billion. This, and the need to review financial implication of electrification of vehicles, was discussed by prominent experts across the country during a panel discussion on ‘Balancing energy security, environmental impacts and economic considerations: Indian Perspective’ on Thursday. Held at the... Read more.. Date : Nov 29 Source: The Times of India
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Warm Indo-Pacific pool altering global rainfall patterns, reveals studyA warm water pool in the Indo-Pacific Ocean that influences rainfall in many parts of the world, including India, is adding a ‘California’ to its size every year. In the process, it is slowly but steadily altering rainfall patterns in many regions, a study led by an Indian scientist showed on Wednesday. The Indo-Pacific warm pool has been warming rapidly and expanding during the recent decades in response to an increase in carbon emissions due to climate change. It has already grown to double its size, from an area of 22 million sq km during 1900-1980 to 40 million sq km during 1981-2018.... Read more.. Date : Nov 29 Source: The Hindu Business Line
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Government in the process of finalizing new energy policy: NITI Aayog Additional SecretaryGovernment thinktank NITI Aayog‘s additional secretary (Energy) R.P. Gupta has informed that the Indian government is in the process of finalizing an energy policy for the country. “The new policy will address the issues of accessibility and affordability, energy security, thrust on clean source energy and the overall requirement of energy,” said Gupta while speaking at an energy storage conference. Highlighting the potential of energy storage in India, Gupta said: “The focus will also be on Make in India for cells used in battery in electric vehicles along with policy for demand creation... Read more.. Date : Nov 28 Source: PV Magazine India
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EESL plans to issue tender for e-luxury cars in JanuaryState-run Energy Efficiency Services Ltd (EESL) is set to float a tender for procurement of electric luxury cars, possibly in the range of Rs 25 lakh each, which it plans to lease out to cab aggregators like Ola and Uber, people aware of development said. “EESL may go for a small procurement of 200 cars, to be used in the shared-mobility segment,” said a source aware of the development. “Proposals have been sent to Ola and Uber for leasing out 50 cars to each aggregator, while purely electric ride-hailing service Blu Smart has also evinced interest for such cars,” the person added. Both... Read more.. Date : Nov 28 Source: ET Energy World
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ADB approves $250 mn loan to EESL to expand energy efficiency investmentsThe Asian Development Bank (ADB) on Wednesday said it has approved a loan of $250 million (about Rs 1,775 crore) as part of an assistance package to EESL to expand energy efficiency investments in India. The new ADB project is a sector loan guaranteed by the Government of India, allowing for undertaking of sub-projects with high readiness and inclusion of newer sub-projects as they are developed, the multilateral agency said. Activities to be undertaken by the Energy Efficiency Services Limited (EESL) in eligible states include energy efficiency opportunities not targeted by traditional... Read more.. Date : Nov 28 Source: ET Energy World
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Kinetic Green partners with Autoline Ind to develop e-cyclesPune-based electric vehicle maker Kinetic Green said it has signed a pact with auto component maker Autoline Industries for joint development and marketing of e-cycles. Under the alliance, Autoline will undertake the development of the electric cycle critical assemblies with almost 100 per cent localisation, a release said on Wednesday. The two partners have "successfully" developed their first two models, named 'E-Speed,' which will be available in the domestic market from the next month at a price of Rs 24,999, it said. "Kinetics vision is to bring a wide range of innovative yet... Read more.. Date : Nov 28 Source: ET Auto
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DBS Foundation awards over Rs 6 Cr in Grants to 9 social enterprises across asiaDBS Foundation, the foundation in Singapore dedicated to championing social entrepreneurship said that it has awarded around Rs 6.79 Cr)to nine social enterprises (SEs) as part of its 2019 DBS Foundation Social Enterprise Grant Programme. The grant funding will support this year’s awardees from India, Singapore, China, Hong Kong, Indonesia and Taiwan to deploy social innovations in areas such as healthcare, nutrition, employability and income generation, education, energy, environment protection and waste management. This year, the DBS Foundation Social Enterprise Grant Programme received... Read more.. Date : Nov 28 Source: India CSR
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Andhra Pradesh has Developed Over 1 GW of Solar Projects in Naxal AreasAccording to the information provided by the Ministry of New and Renewable Energy (MNRE), the state government of Andhra Pradesh has reported the development of over 1 GW of ultra-mega solar power projects in Naxal affected regions of the state. The total installed capacity in the regions as reported by the state government is 1.16 GW, of which a 1000 MW solar park is under development in left-wing extremist mandals of Nambulapula Kunta, and another 160 MW solar plant in Ramagiri in Ananthapuram District. The information was relayed to the parliament during the latest question hour. Union... Read more.. Date : Nov 28 Source: Saur Energy
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Goa to buy solar power from NTPC for next three yearsThe cabinet on Wednesday approved a proposal for extending the power purchase agreement executed with M/s NTPC Vidyut Vypar Nigam Ltd (NVVNL) for purchase of solar power by three years. Power minister Nilesh Cabral said that a lower rate of Rs 5.5 per unit has been negotiated as against the earlier Rs 7.99 per unit. According to the directives of the Joint Electricity Regulatory Commission (JERC), it is mandatory for the electricity department to purchase a defined percentage of its power from renewable sources, including solar and non-solar. The earlier five-year contract ended on August... Read more.. Date : Nov 28 Source: ET Energy World
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NMC plans 4 projects for reuse of entire city waste on daily basisAfter roping in two new operators for efficient garbage collection from households, streets and to transport the same to Bhandewadi dumping yard, the Nagpur Municipal Corporation (NMC) has planned four new projects for treatment and reuse of entire solid waste generated in the city on daily basis. In view of the new plan, the civic body is all set to terminate the contract of waste-to-energy project with a joint venture of Noida-based Essel Infraprojects Limited and Japan-based Hitachi Zosan India Private Ltd. The health department has tabled three proposals before the standing committee... Read more.. Date : Nov 28 Source: The Times of India
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India moving towards hybridised power utilities to achieve rural growthIndia's state-run power utilities or DISCOMs are badly in debt despite repeated bail-outs, and are failing in their mandate to deliver reliable, quality power to homes and businesses. However, a new trend is emerging that has the potential to address these challenges. The government, DISCOMs, and major corporations now appear ready to explore ways to unite power utilities with solutions from private decentralized renewable energy (DRE) enterprises to create hybrid DISCOMs that combine the best of public and private, and centralized and decentralized grids, to reduce the debt burden and... Read more.. Date : Nov 28 Source: ET Energy World
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India and Germany to Collaborate on Development of Solar ProjectsIndia and Germany will collaborate on Mumbai Metro and solar energy projects as part of bilateral cooperation in energy and urban development sectors, a senior official with Germany’s Ministry of Economic Cooperation has said. Talking to reporters here, Director General (Bilateral Cooperation) of the Federal Ministry for Economic Cooperation and Development Claudia Warning said, “Government-to-government negotiations were held on November 27, 2019, and it was decided that 25 concrete projects related to energy cooperation and urban development would be carried out between the two countries... Read more.. Date : Nov 28 Source: Saur Energy
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India to insist on ‘differentiated responsibilities’ at Madrid climate talksIndia will insist upon the principle of ‘equity and common but differentiated responsibilities’ at next week’s climate talks in Madrid, Spain. In simpler terms, it means that while all countries should do their best to fight global warming, developed countries – with deeper pockets, who were primarily responsible for the climate mess – should take a bigger share of the burden than the developing and under-developed countries. “India's approach will be guided by principles and provisions of UNFCCC and the Paris Agreement, particularly, the principles of Equity and Common But Differentiated... Read more.. Date : Nov 28 Source: The Hindu Business Line
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UN report: India on track to meeting greenhouse gas emissions targetGlobal emissions of greenhouse gases, which are responsible for global warming, are growing rather than declining as they should. Even if all countries meet the unconditional commitments they made at the Paris conference in 2015, GHG emissions will be way more than what they should be. India is among the few countries that are on track to meeting their Paris targets (called ‘nationally determined contributions’ or NDCs). This is the central message of the United Nations Environment Programme’s ‘Emissions Gap Report, 2019’, released today. ‘Emissions gap’, as defined by the report itself,... Read more.. Date : Nov 27 Source: The Hindu Business Line
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India asks state-run firms to clear over $1 billion owed to green energy firms - sourcesIndia has asked state lenders to provide over $1 billion to government power distribution companies to clear longstanding debts to green energy firms that could hinder further investment, three sources familiar with the plan said on Tuesday. The companies owe solar and wind power generators including Goldman Sachs-backed ReNew Power and Softbank-backed SB Energy over 97 billion rupees ($1.35 billion), according to the Central Electricity Authority, an arm of the federal power ministry. Adding to the problems of the power generators, a new government in Andhra Pradesh state - which owes... Read more.. Date : Nov 27 Source: Reuters
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Tighter CAFE norms to electrify govt's EV pushThe government is looking to tighten the corporate average fuel economy (CAFE) norms, in a bid to push automakers to incrementally increase production of electric vehicles by 2-3% every year. This is a more gradual effort after its efforts to make vehicle manufacturers reduce the number of vehicles powered by internal combustion engines (conventional vehicles) through limits on their production faced stiff resistance from the industry. "Electric mobility will only be adopted if it makes commercial sense, but we (the... Read more.. Date : Nov 27 Source: ET Energy World
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