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Sustainability Outlook Headlines
IndusInd Bank to set up impact financing unitPrivate sector lender IndusInd Bank Ltd is preparing to open a new vertical to focus on so-called impact financing, said Roopa Satish, country head for corporate, institutions and investment banking at IndusInd Bank. The impact financing business will lend to social enterprises working in sectors such as healthcare, education, clean energy and affordable housing, said Satish, adding that the vertical will lend Rs2-15 crore to small and medium enterprises in these sectors. ... Read more.. Date : Dec 11 Source: Live Mint
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Bihar: 571 private hospitals fail to dispose of biomedical waste properlyTotal 571 private hospitals in Patna, Nalanda, Buxar, Bhojpur, Rohtas and Kaimur districts in Patna division don't dispose their biomedical waste in the prescribed scientific manner set by Biomedical Waste (Management and Handling) Rules 2016. Around 100 of them are in Patna alone. "Despite notices served on 600 hospitals by the Bihar State Pollution Control Board (BSPCB) in the last three months, only 29... Read more.. |
Thiruvananthapuram: Global Energy Parliament concludesThe two day Global Energy Parliament concluded at the old legislative assembly hall here on Sunday. The eighth session of Global Energy Parliament recommended that the duty of science shall be redefined so as to cater to joy and freedom of the universe. Opposition leader Ramesh Chennithala inaugurated the concluding ceremony of global energy parliament. Students, thinkers, scientists, research scholars from... Read more.. |
Andhra Pradesh: Chief Minister directs officials to adopt best practices for energy conservationAs part of the endeavour to provide the benefits of energy efficiency and energy conservation to the consumers and achieve the estimated energy saving potential of 19,079 million units by 2020 in domestic and industrial sector alone, Chief Minister N Chandrababu Naidu on Sunday directed the energy department and power utilities to study the best practices of energy efficiency from advanced countries like UK, USA, China and South Korea. ... Read more.. |
Artificial Intelligence, big data impacting power sector: Tata PowerTechnological advances like artificial intelligence, machine learning and big data are impacting the power sector as well, making it imperative for producers to re-skill resources, a senior official of Tata Power said. "With technological disruptions like artificial intelligence, machine learning, big data, augmented reality etc. that are impacting the power sector as well, it has become imperative to re-... Read more.. |
cKers Finance paves way for innovative sustainable energy project financing: makes 5 investments and looks for moreRecently launched cKers Finance (pronounced ‘seekers’) has made a series of 5 investments in quick succession. They cover several emerging segments: rooftop solar, solar home systems and solar pumps. The project financier is actively building its portfolio in other decentralized renewable energy segments including micro-grids. This was revealed by Jayant Prasad, Executive Director, on the sidelines of Intersolar India being held in Mumbai. ... Read more.. Date : Dec 8 Source: Sustainability Outlook
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India to fine firms for blackouts, crackdown on electricity theftIndia plans to fine electricity distributors from April 2019 for power cuts deemed avoidable and to make it mandatory for the companies to install prepaid or smart meters to prevent electricity theft, the power minister said on Thursday. The initiative is the latest by the government to ensure more reliable power supplies in the nation of 1.3 billion people where a quarter of households have no electricity... Read more.. |
Karnataka tenders 860MW of dispersed solarKarnataka Renewable Energy Development Limited (KREDL) has issued a request for proposal (RfP) for 860MW of solar, split between 43 taluks with 20MW in each. A taluk is a subdivision of a district such as a group of villages. The minimum project capacity is 3MW and the maximum is 20MW. Meanwhile 10 Talukas... Read more.. |
Kirloskar Solar plans to strengthen presence in Kerala, set up 200 Mw capacityKirloskar Solar Pvt. Ltd. (KSTPL), part of Kirloskar group is planning to tap the potential in Kerala as part of strengthening its presence in the country. It has partnered with GSL Energy Solutions to achieve 200 mw of solar power in the state by 2020. The company plans to cover a broad spectrum of market covering domestic, educational, hospitality, healthcare, commercial and industrial uses. `` Our main... Read more.. |
SECI floats tender for 2,000 Megawatt capacity wind energy projectsState-run Solar Energy Corporation of India (SECI) has floated tender for setting up 2 GW inter- state transmission system (ISTS) connected wind power capacities across the country. The company has invited proposals for setting up of ISTS connected Wind Power Projects in India, on 'Build Own Operate' basis for an aggregate capacity of 2000 MW, as per the tender document. ... Read more.. Date : Dec 8 Source: ET Energyworld
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Telecom players to be roped in for smart meter connectivity in UP and HaryanaLeading telecom players Airtel, Vodafone, Idea and BSNL are being roped in for providing connectivity as part of the government tender for 5 million smart meters to be deployed across Uttar Pradesh and Haryana, two people familiar with the development said. Interestingly, Mukesh Ambani-backed Reliance Jio is out of the picture. “The technology being used for the smart meters is very rudimentary,” said an... Read more.. |
In Chandigarh, install solar rooftop plant at your house or face the heatWith the two-year deadline for installing rooftop solar power plants at residential properties set to expire in three months, notices will be issued to owners who fail to comply. The Chandigarh administration, in a notification issued on May 18, 2016, had made installation of rooftop solar power plants mandatory in residential houses measuring 500 square yard and above and group housing societies. There are... Read more.. |
Resolutions passed at UN Environment assembly to make the world pollution freeThe United Nations Environment Assembly has passed 13 non-binding resolutions and three decisions to get the planet rid from pollutants, officials said on Thursday. On Wednesday for the first time at a UN Environment Assembly, environment ministers issued a declaration, saying nearly 200 nations would honour efforts to prevent, mitigate and manage the pollution of air, land and soil, freshwater, and oceans... Read more.. |
Siemens announces India plan for manufacturing solar PV invertersSiemens AG, the German $80 billion conglomerate, today announced its plans to start manufacturing Solar Photo-Voltaic (PV) inverters in India which will initially cater to the domestic market and later supplied for exports. The company said the Sinacon PV inverter will be locally produced and manufactured at Siemens’ Kalwa plant near Mumbai. It added the Indian renewable energy sector is the second most... Read more.. |
NGT slams Punjab, Haryana over their action plan to combat pollutionThe National Green Tribunal on Thursday slammed Punjab and Haryana governments for filing generalised action plans to combat air pollution and directed them to refer to its previous judgements on the issue. A bench headed by NGT chairperson Justice Swatanter Kumar also summoned the environment secretaries of Delhi, Punjab, Haryana, UP and Rajasthan asking them to give a “workable solution” for combating the... Read more.. |
Tata Power Delhi Distribution Limited and CII to jointly design energy efficiency solutions for the Indian industrial sectorTata Power Delhi Distribution Limited (Tata Power-DDL), India’s leading power distribution company and Confederation of Indian Industry (CII) signed a Memorandum of Understanding (MoU) to jointly work towards designing innovative energy efficiency solutions for the Indian industrial sector. The purpose of the MoU was to pave the way for knowledge transfer, information and experience sharing, technical... Read more.. |
LED streetlights to illuminate roads in 8,000 Telangana villagesTelangana is set to replace the existing public lighting with LED streetlights. The aim is to ensure that at least 15 to 20 per cent of the streetlights are solar powered. The target this year is to take up LED-based streetlights in 8000 villages which will operate through the Centralised Control and Monitoring System. This was disclosed by energy minister G Jagadish Reddy at the All India Power Ministers... Read more.. |
Art of Living festival damaged Yamuna floodplains, rules NGTSri Sri Ravishankar’s Art of Living Foundation (AoL) is “responsible” for “causing damage and environmental degradation” to the Yamuna floodplains due to its three-day World Culture Festival (WCF) held in March 2016, the National Green Tribunal said on Thursday. The tribunal, which had earlier levied Rs 5 crore as environment compensation, did not impose any further costs on AoL. Earlier this year, an NGT-... Read more.. |
Pintail Power Combines Solar, CSP, & Conventional Generation Into One Highly Efficient SystemThere has been a lot of talk lately about renewable energy not being up to the task of supplying reliable baseload power. The sun doesn’t always shine and the wind doesn’t always blow, detractors claim, so how can utility companies expect to rely on either? Pintail Power, based in Silicon Valley, says its new patented Dispatchable Solar Combined Cycle technology is the answer. If you follow renewable energy... Read more.. |
IRFC launches first US$500 million green bond on behalf of Indian RailwaysIndian Railways Finance Corporation has issued its inaugural green bond on behalf of Indian Railways — the world’s fourth largest rail network. The US$500 million Climate Bonds Certified issuance will fund a series of low-carbon upgrades to Indian Railways’ infrastructure. The 10-year Green Fixed Rate Senior Unsecured Reg S only issuance stands as the first certified green bond by IRFC and the tightest... Read more.. |
HDFC ERGO launches solar energy shortfall insurance policyNon-life insurance provider HDFC ERGO General Insurance Company today announced the launch of the solar energy shortfall insurance policy to account for non-traditional and non-physical damage related risks that solar projects regularly face. The policy will cover utility-scale solar farms, green fields across India, portfolios of rooftop installations for commercial and residential builds, among others, the... Read more.. |
Under new solar policy, Goa eyes to produce 150 MW power by 2021The Goa cabinet today approved the much-awaited Solar Power Policy, under which the state expects to generate 150 MW of power by 2021, Chief Minister Manohar Parrikar said here. Parrikar, after chairing the cabinet meeting, also informed that the policy would become functional by the end of current financial year. ... Read more.. |
India invites Norway to invest in green transportationIndia on Wednesday invited Norwegian collaboration in transforming India's logistics sector and help develop the massive infrastructure to green the Indian transportation system. A senior Indian official invited investment in building environment friendly transport network from Norway, which has globally become the largest market for electric vehicles (EVs) and has embarked on the world's biggest "Green... Read more.. |
Indian Oil prepares for shift to a less carbon-intensive futureThe country’s largest refiner Indian Oil Corp. Ltd is making a strategic shift to a less carbon-intensive future by getting into clean energy and related infrastructure, while keeping refinery expansion plans flexible for course correction, said chairman Sanjiv Singh in an interview. What is pushing the state-run refiner to new markets is the rise of renewable energy sources in the country’s energy mix,... Read more.. |
Specify wind zone for projects during auction: Indian Wind Power AssociationWind auctions should specify which wind zone the projects being bid for are to be located in, or should have different base prices for different zones. If not, wind developers in high wind velocity zones get an unfair advantage, the Indian Wind Power Association (IWPA) has said in a recent letter to the Ministry of New and Renewable Energy (MNRE). The two wind auctions held by Solar Corporation of India (... Read more.. |