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Sustainability Outlook Headlines
NTPC may set up solar power project without signing a power purchase pactNTPC is considering setting up of a solar power project without signing a power purchase agreement (PPA) with State Discoms. A top company official said: “If solar power is really the cheapest source of electricity, the power generated should be bought by the power distribution companies (Discoms) or other entities without any hurdles. The power can be sold either through the power exchanges or through any other platform. We are considering the option of setting up a solar power project without a PPA.” The... Read more.. |
Renewables sector awaits a multi-pronged policy to resume strong growth trajectoryAs the renewable energy sector faces a slowdown, industry representatives and experts seek a multi-dimensional policy framework from the new government to restore market confidence and put the sector back in the strong growth mode. The renewable energy sector added less than 60 per cent (about 8600 MW) of its targeted capacity of 15,602 MW in 2018-19. This was the slowest addition in recent years. In the previous two years, the sector added new capacity to the tune of 11,000-12,000 MW annually, supported by a... Read more.. |
Swachh Bharat has led to reduced ground water contaminationUnion Minister for Jal Shakti Shri Gajendra Singh Shekhawat has said that Swachhata affects all aspects of the environment – be it groundwater, surface water, soil or air – as well as health and well-being of the communities in ODF regions. Praising the Swachh Bharat Mission for bringing a reduction in ground water contamination, he said, the WHO 2018 study had estimated that the Swachh Bharat Mission will save over 3 lakh lives by the time India is Open Defacation Free. Releasing two independent third-party... Read more.. |
India supports UN initiative to eliminate single-use plasticUnited Nations: India has joined efforts by the UN to eliminate single-use plastic in the world body’s headquarters here and promote healthy lifestyle by marking the World Bicycle Day, weaving in Mahatma Gandhi’s message of environmental sustainability and climate action in its support for the initiatives. India’s Permanent Representative to the UN Ambassador Syed Akbaruddin, joined by Under-Secretary-General for Operational Support Atul Khare, India’s Deputy Permanent Representative to UN K Nagaraj Naidu and... Read more.. |
Modi Government's Big Electric Vehicle Push: All the Cities in India With Electric Bus ServiceThe Narendra Modi led BJP-NDA government is planning to curb the pollution by giving a major push to electric vehicles in India. As per a report on CNBC-TV18, government sources have informed that the Nitin Gadkari led Ministry of Road Transport and Highways has started working on a draft notification proposing to ban all the IC engine powered two-wheelers and three-wheelers in India starting 2025 for two-wheelers and 2023 for three-wheelers. Amitabh Kant, CEO of Niti Aayog, a think tank body of Modi... Read more.. |
Sovereign funds GIC, ADIA to infuse Rs 3,430 Cr into GreenkoSovereign wealth funds GIC of Singapore and Abu Dhabi Investment Authority (ADIA) on Tuesday signed definitive agreements to make a $495 million (Rs 3,430 crore) fresh equity investment in Greenko, increasing their bet on the Indian renewable energy sector. The Hyderabad-based company plans to use the proceeds predominantly to partfund its storage projects totalling 2.4 gigawatts. These projects, with a total capital outlay of $2 billion, are expected to be completed and become operational in 2022. It has... Read more.. |
Mahindra Susten and Mitsui to co-invest in distributed solar power projects in IndiaMahindra Susten, a leading player in the Indian solar energy sector, has entered into a partnership with Mitsui & Co., of Japan to jointly develop and operate distributed solar power generation projects in India. Mahindra Susten will continue to hold 51% stake in Marvel Solren (Marvel), with Mitsui holding the balance equity. Marvel currently operates four distributed solar projects in India with a combined capacity of 16MW that help private clients reduce their carbon footprint by providing renewable... Read more.. |
Amazon expands 'packaging-free shipment' programme to 9 Indian citiesE-commerce major Amazon Monday said it is expanding its 'packaging-free shipment' (PFS) programme, an India-first initiative, to nine cities including Delhi, Mumbai, Ahmedabad and Nagpur. The programme, under which orders are shipped in their original packaging without any secondary or additional packaging, will also be available in Bengaluru, Gurgaon, Noida, Chennai and Hyderabad. Through this initiative, Amazon aims to reduce the waste generated from secondary packaging of customer orders. "This is an India... Read more.. |
India’s ReNew Power Plans To Raise $300 Million Through Rights IssueOne of India’s largest renewable energy generation companies plans to raise fresh equity funding through a rights issue. Indian business daily Economic Times has reported, quoting unnamed sources, that ReNew Power Limited is planning to raise US$300 million through a rights issue. The company’s major investors — Goldman Sachs, Canada Pension Plan Investment Board, and Abu Dhabi Investment Authority — are expected to pump additional funds into the company. The news report further stated that the company is... Read more.. |
Kerala paves the way for recycling plasticWhenever you enter a city or a town in India, mountains of burning waste is a common sight. Bhalswa in Delhi and Deonar in Mumbai are quite infamous all over the world. It is a known fact that the only way to get rid of this perennial problem is to follow the 3 R’s-Reduce, Reuse and Recycle. When it comes to innovation, it is assumed that all the technology and processes first come to the biggest cities but small villages and towns in Kerala are setting benchmarks when it comes to living is a sustainable way... Read more.. |
Mahindra & Mahindra to move to BS-VI norms ahead of planMahindra & Mahindra, India’s leading utility vehicles maker, said that it would transition to the stringent BS-VI emission norms ahead of schedule, and save at least 20% on the estimated cost increase of vehicles due to high localisation content. Mahindra will be upgrading eight diesel and four petrol engines driving more than 50 products, a transition that called for an investment of more than Rs 1,000 crore. “The past three-and-a-half years have perhaps been the most challenging for any product... Read more.. |
Adani Green Energy Raises $500 Million In Green Bond IssueOne of India’s leading renewable energy developers has received a tremendous response to its green bond issue. The development is crucial as the Indian renewable energy market is facing financial strain. Indian business daily Economic Times has reported that Adani Green Energy managed to raise US$500 million through dollar-denominated green bond issue. The instruments have been issued by three subsidiaries of Adani Green Energy which operate large-scale solar and wind energy projects across multiple states in... Read more.. |
KTM and Bajaj agree on new electric vehicle allianceEuropean motorcycle producer KTM Industries AG and Bajaj Auto Ltd have decided to initiate a serial production project for two-wheeler electric vehicles in the power range of 3 to 10 kW (48 volt) at the level of KTM. This platform will support different product variants like scooters, mopeds and small mopeds under brands of both partners. This further step in the field of electro-mobility is a logical addition to the existing activities with Pexco in the Husqvarna e-bike sector. The serial production will... Read more.. |
Increasing share of renewables in energy sector poses regulatory challengeThe increasing share of renewables in the total energy mix of the country may lead to an increase in regulatory risk for coal-based projects in the long term, global ratings agency Moody's Investors Service said Monday. The higher share of renewable energy in the total energy mix presents a key regulatory challenge in terms of integrating new renewable capacity, while protecting investments already made in coal-based capacity, it said. Despite the mounting pressure to move to a lower carbon economy, the... Read more.. |
New government’s policy concerns on energy, water, environment, pollution and climate changeEnergy Clean energy and clean mobility are set to get a big boost, and the government may take steps to address the short-term pains that have been caused by recent policy moves by the outgoing government. These moves have stalled the rollout of new solar and wind energy projects. There has been a big policy push for electrification of public transport, but makers of private e-vehicles see this as having... Read more.. |
Solar packs to light up 391 Van Gurjars’ homes in Amangarh reserveAs many as 391 Van Gurjars families residing in Amangarh area will get solar power packs as logistic problem does not allow them to have access to electricity by conventional means. Each power pack costs Rs 47,000 and will be provided to each Van Gurjar family under PM Saubhaagya scheme. Each household will be provided a separate solar power pack equipped with a 200 watt solar panel, five LED lights, one battery, one DC ceiling fan and mobile charger. According to New and Renewable Energy Development Agency (... Read more.. |
Hero Electric India to expand into rural electric two-wheeler marketUnlike major conventional marketing strategies, Hero Electric India aims to target the remote and rural areas of the country by pushing the sales of its electric two-wheeler range in the countryside of India. This shall consequently help widen the presence and scope of the electric two-wheeler market in India. On the other hand, if compared, Ather Energy - the electric vehicle start-up - is already putting into use, a conventional market strategy in an aggressive and proactive manner by going about... Read more.. |
IIT-Delhi looks to rope in international experts for its electric vehicles centreIIT-Delhi is on the lookout for international experts in the field of electrical vehicles to boost its Centre for Automotive Research and Tribology (CART). V Ramgopal Rao, IIT-Delhi director, said they are eyeing to recruit professionals from the US in the newly-formed department along with industry experts. “We will be sending a team in June to the US to identify these experts and recruit them to teach here,” he told TOI on Friday at the launch of the centre. “This centre will be looking at the changes... Read more.. |
Electric buses to Rohtang from June 3Two electric buses will ply from Manali for Rohtang Pass from June 3. Revealing this, Kullu HRTC Regional Manager DK Narang said that more electric buses would be added after the parking space at Rohtang is cleared by the Border Roads Organisation (BRO). Last year, 17 electric buses were put in service from Manali to Rohtang during the summer season for the tourists. The Regional Manager said the fare per seat would be around Rs 600. Two electric buses having seating capacity of 25 passengers each would leave... Read more.. |
India, Japan jointly Launch 'M2Smart' Project to Solve Traffic Congestion using AI, IoT and Neural NetworksA joint research project "Multi Modal Smart Transportation (M2Smart)", by Japan and India under a scheme of "Science Technology Partnership for Sustainable Development (SATREPS), was launched at Indian Institute of Technology, Hyderabad (IIT-H), in order to develop low-carbon scenarios through research and demonstration, human resource development through mutual human resources exchanges. M2Smart project is a Smart Cities project based on Sensing, Networking and Big Data Analysis of Multimodal Regional... Read more.. |
India May Allow Sale Of Only Electric Two- & Three-Wheelers From 2025India is considering to ban the sale of two and three-wheelers that use internal combustion engines by 2025. Indian business daily Economic Times has reported that India may be considering to ban sales of all three-wheelers using internal combustion engines by March 2023 and all two-wheelers using internal combustion engines with less than 150 cc by March 2025. These moves would form part of India’s long-term plan to completely ban sale of vehicles based on internal combustion engine. The newspaper quoted a... Read more.. |
India Allocates 720 Megawatts In Second Solar-Wind Hybrid AuctionResults of India’s second national-level solar-wind hybrid auction are in. While capacity allocated to project developers has declined, there remains a silver lining for the Solar Energy Corporation of India (SECI) in terms of price bids. Following the disappointing response of project developers to SECI’s second solar-wind hybrid tender, the financial bidding round of the tender was recently concluded. Only two developers, Adani Green Energy and ReNew Power, participated in the auction. Adani Green Energy... Read more.. |
‘Bimstec nations could tap India’s green energy transition’With the Bimstec leaders gathered in the national capital for Prime Minister-elect Narendra Modi’s swearing in ceremony on Thursday, the member-nations could benefit from India’s rapid renewable energy capacity increase, say experts. The New Delhi-based organisation CarbonCopy said the annual electricity trade potential between South Asian and Southeast Asian countries could be from 65,000 MW to 95,000 MW by 2045. Quoting the Integrated Research and Action for Development (IRADe), a document compiled by it,... Read more.. |
Mahindra’s electric vehicle sales rise over 2.5 times in FY19Homegrown auto major Mahindra & Mahindra’s electric vehicle (EV) sales grew over two-and-a-half times to 10,276 units in 2018-19, riding on the second phase of orders for electric cars from state-owned EESL. The company, which sells a range of electric vehicles such as sedan e-Verito, van e-Supro, compact car e2o and three-wheeler Treo, had sold 4,026 units in 2017-18, M&M said in an investor presentation. EESL’s phase-II order led to the volume growth, and the deliveries will continue in 2019-20, it... Read more.. |
India to organise a series of events on World Environment DayWorld Environment Day (WED) is celebrated on 5th June every year. Ministry of Environment, Forest & Climate Change (MoEFCC) celebrates WED focussing on the theme declared by UNEP and organizes several events. This year’s theme is ‘Air Pollution’. Keeping with the tradition, this year the main function is being held at Vigyan Bhawan on 5th June, 2019 and will be presided over by the Minister for Environment, Forest & Climate Change. The events will include launch of film competition on environment,... Read more.. |
