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Sustainability Outlook Headlines
EESL appoints Mahua Acharya to lead new energy company ConvergenceEnergy Efficiency Services Limited (EESL), a joint venture of public sector undertakings under the Ministry of Power, Government of India, has appointed Mahua Acharya to lead a new energy company, a 100% owned subsidiary of EESL – Convergence Energy Services Limited (Convergence) – focused on delivering clean, affordable and reliable energy. Convergence focuses on energy solutions that lie at the confluence of renewable energy, electric mobility and climate change. Convergence builds on the decentralised... Read more.. |
Bankers’ panel formed to facilitate financing for energy-efficient projectsIn a bid to mobilise financial assistance for energy efficiency projects proposed in the State, the energy department has constituted a committee of financial institutions with members from eight banks and three non-banking financial companies (NBFCs). The committee shall focus on energy efficient projects at state level, especially those facing financing issues, and the members of the committee shall finance these projects on technical recommendation of the AP State Energy Conservation Mission (APSECM). “For... Read more.. |
CIL to switch over to eco-friendly mechanised handling for majority of its productionPSU miner Coal India (CIL) is embarking on mechanised transportation of coal from pitheads to despatch points through rapid loading system across six subsidiaries, wherein coal would be moved through piped conveyor belts, enabling cleaner handling. The 406 million tonnes of coal that will be mechanically handled per year through 35 projects in the first phase, entailing investments of Rs 12,500 crore, will replace road transportation. Coal handling plants (CHPs) and silos would be commissioned for rapid... Read more.. |
BPCL disinvestment gets going with multiple EOIs, Reliance stays awayThe long-awaited privatisation process for Bharat Petroleum Corporation (BPCL) is finally moving to its second stage with at least three to four companies submitting expressions of interest (EoIs). The government had to extend the deadlines for submission of EoIs four times before setting the final deadline on Monday. The sale is crucial for the government in order to meet its disinvestment target of Rs 2.1 trillion for the current fiscal year. The government has not revealed the number of bidders. Union... Read more.. |
Finally, Gail completes Kochi-Mangalore pipelineThe much-delayed Kochi-Mangalore natural gas pipeline project is finally ready for commissioning any day from now as the national energy major Gail India has completed the final 540-metre treacherous stretch across the Chandragiri river in northern Kerala, according to a senior company official. The 444-km long natural gas pipeline was launched in 2009 at an estimated cost of Rs 2,915 crore and was to be commissioned in 2014. But opposition on safety and commercial grounds wherein the land price was the main... Read more.. |
Stubble burning: Maximum cases in Punjab; anger over farm bills among major reasonsPunjab has recorded around 74,000 incidents of stubble burning this season, the maximum in four years, with experts saying anger over farm bills and the government not paying the Supreme Court-ordered financial incentive to farmers could be among the reasons for the spike in farm fires. According to data released by the Punjab Remote Sensing Centre, the state recorded 73,883 incidents of stubble burning between September 21 and November 14, which is the highest since 2016. Punjab had reported 51,048 cases of... Read more.. |
Discoms liquidity infusion: Tamil Nadu tops states with Rs 30,000 crore sanctioned loanTamil Nadu has topped the chart in terms of loans being sanctioned for state power distribution companies (discoms) under the Rs 1.2 lakh crore liquidity infusion scheme, with the state's share of credit standing at Rs 30,230 crore. The southern state is followed by Uttar Pradesh and Maharashtra, with their state discoms being sanctioned loans of Rs 20,940 crore and Rs 14,310 crore, respectively. Other major beneficiary states/Union Territories (UTs) in terms of sanctioned credit are Telangana (Rs 12,652... Read more.. |
UP's first supercritical power plant in Meja to be fully operational by Dec: CEOThe Meja Thermal Power Plant, Uttar Pradesh's first supercritical power plant, will be fully operational by December, MUNPL Chief Executive Officer (CEO) Asim Kumar Samanta said. Meja Urja Nigam Pvt Ltd (MUNPL) is a 50:50 joint venture (JV) of state-owned NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL). The JV was incorporated in 2008 to set up a 1,320-megawatt (with 2X660 MW units) coal-based Meja Thermal Power Plant at Meja, about 45 km from the state's Prayagraj district. "Unit -I of... Read more.. |
BPCL privatisation: Bid closes today, all eyes on Reliance IndustriesInitial bids for privatisation of Bharat Petroleum Corp Ltd (BPCL) will close on Monday amid indications of supermajors UK's BP Plc, Total of France and Saudi Aramco unlikely to bid. The government, which is selling its entire 52.98 per cent stake in India's second largest oil refining and marketing company, had on four occasions extended the date of putting in the preliminary expression of interest (EoI). The current deadline is November 16. Department of Investment and Public Asset Management (DIPAM)... Read more.. |
Few takers for solar power tender of railways, bid deadline extendedSolar power project developers have given a lukewarm response to a tender for setting up 1 gigawatt of solar power plants on railways’ land, as there is 14 GW of surplus capacity available with government agency SECI, sources said. Three sources in leading solar power developers said the tender by the Railway Energy Management Co Ltd (REMCL), a joint venture company of Indian Railways (49 per cent) and RITES Ltd (51 per cent), has not enthused many, leading to multiple extension of the bid deadline. “The... Read more.. |
Reliance Industries to invest up to $50 million in Breakthrough EnergyReliance Industries Limited (RIL) announced on Thursday that it has entered into a definitive agreement for making capital contribution of up to $50 million in Breakthrough Energy Ventures II, L.P. (BEV), a limited partnership, newly incorporated under the Delaware State Laws, the US. The capital contribution commitment of $50 million constitutes 5.75 per cent of the size of the fund contemplated at present, said the company in a regulatory filing. The said investment will be made in tranches over the next 8-... Read more.. |
Loans worth Rs 1.18 lakh cr sanctioned under discom liquidity packageLoans worth Rs 1.18 lakh crore have been sanctioned so far by state-run non-banking finance firms Power Finance Corporation and REC Ltd under the liquidity package for stressed power distribution utilities, a statement said. In May, Finance Minister Nirmala Sitharaman had announced Rs 90,000 crore liquidity infusion into cash-strapped discoms facing demand slump due to the COVID-19 crisis. This package was later increased to Rs 1.2 lakh crore by the Ministry of Power. "The company and its subsidiary REC Ltd,... Read more.. |
IREDA sanctions loans worth Rs 12,696 crore in 2019-20The Indian Renewable Energy Development Agency Ltd (IREDA) has sanctioned loans worth Rs 12,696 crore and has disbursed Rs 8,785 crore, supporting capacity addition of 5,673 MW during 2019-20, a Ministry of New & Renewable energy statement said. At the 33rd Annual General Meeting (AGM) of IREDA, the PSU under the Ministry of New & Renewable Energy, held on November 11, the annual accounts for the financial year 2019-20 were adopted. Addressing the directors and shareholders, Pradip Kumar Das, CMD,... Read more.. |
Electric 3-wheelers to drive EV adoption in TelanganaWith the Telangana government doling out incentives for early adopters of EV vehicles in its EV policy for various segments such as 2,3,4 wheelers and e-buses, the industry players expect that the high demand for electric 3-wheelers will drive EV adoption in the state in the coming days. Currently, there are around 600-700 e-3 wheelers in the city and with adequate financing support and requisite permits required for plying passenger e-autos, this number can grow up to thirty times (nearly 20,000) in two... Read more.. |
Sterling and Wilson Solar Q2 results: Net profit down 81% to Rs 15 crSterling and Wilson Solar on Thursday reported an 81 per cent drop in consolidated net profit to Rs 15.09 crore for the quarter ended September. The company's consolidated net profit stood at Rs 79.41 crore in the corresponding period of the previous fiscal, it said in a BSE filing. Total income rose to Rs 1,375.94 crore in the quarter from Rs 1,265.65 crore in the year-ago period. The company is primarily engaged in the business of complete turnkey solutions for engineering, procurement, construction,... Read more.. |
RLG India & GIZ India Announce Landmark E-waste Management Project ‘E-Safai’RLG India, part of Munich-headquartered Reverse Logistics Group (RLG), a leading global service provider of comprehensive reverse logistics solutions, and GIZ India, a part of GIZ GmbH, a Germany-based development agency offering services in the field of international development cooperation, announced a joint e-waste management initiative “E-Safai” on November 10, 2020. This three-year long Development Public Private Partnership Project, also known as “Setting Up Innovative Value Chain for e-waste management... Read more.. |
Niti Aayog invites bids for setting up Advance Chemistry Cell manufacturing facilities under PPPGovernment think tank Niti Aayog has invited bids for setting up Advance Chemistry Cell manufacturing facilities under public private partnerships. Bids have been sought under the proposed National Programme on Advance Chemistry Cell (ACC) Battery Storage. According to draft model bid document posted on Niti Aayog's website, the government intends to develop giga-scale advance cell manufacturing for domestic application and promotion of diverse energy sources to ensure overall energy security. "A bidder... Read more.. |
ONGC eyes stake in $4 billion Senegal oil field in distress sale after price crashONGC Videsh Ltd has entered into a definitive agreement to buy cash-strapped Australian company FAR’s stake in the $4.2-billion Rufisque-Sangomar offshore oil project of Senegal, marking its bid to buy into an asset in a distress sale prompted by the oil price crash. FAR is selling out to get out of a financial corner after defaulting on cash call for the project as its debt financing fell through in the wake of the oil price crash. Capricorn Senegal Ltd, a subsidiary of Scottish explorer Cairn Energy, and... Read more.. |
Cabinet approves PLI scheme worth about Rs 2 lakh crore: FMThe government on Wednesday approved a Production-Linked Incentive (PLI) scheme for ten key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period. The scheme will help encourage domestic manufacturing, reduce imports and generate employment as the government works to bolster economic growth. The financial outlay for the new scheme will be Rs 1,45,980 crore. The five-year PLI scheme, which aims at making Indian... Read more.. |
PLI scheme to boost solar manufacturing, reduce import dependenceThe Union Cabinet’s decision to award ‘performance linked incentive’ (PLI) to solar panel manufacturers is likely to give a boost to the domestic companies. The sector is still nascent in India and the government wants to reduce import dependence. Adani Green, Azure Power, Kolkata-based Vikram Solar, Mumbai-based Waaree Solar are leading solar panel manufacturers in India. Goldman Sachs-promoted renewable project developer ReNew Power recently announced its entry in the solar manufacturing space. “Large... Read more.. |
Delhi To Adopt Dungarpur's Model Of Rainwater Harvesting: Satyendar JainThe Delhi government will adopt the cost-effective model of rainwater harvesting currently being implemented in the tribal-dominated Dungarpur district of Rajasthan, city Water Minister Satyendar Jain has said. A seven-member delegation, led by Satyendar Jain, was on an official visit here to witness the rainwater-harvesting system that costs just ₹ 16,000 as compared to the conventional one, which costs between ₹ 50,000 and ₹ one lakh per household. Satyendar Jain said the Dungarpur model was an innovative... Read more.. |
Thermal power plants face closure as air quality dips in NCRWith the air quality index turning severe, coal-based power plants in the NCR are preparing to shut. The power plant in Panipat shut down on Monday, while the ones in Hisar and Yamunanagar are in the process of closing. The Haryana power generation corporation limited (HPGCL) has said that the remaining plants too might be shut if the pollution levels continue to rise. Track the pollution level in your city The Central Pollution Control Board (CPCB) has noted that Panipat Thermal Power Station (TPS), does not... Read more.. |
Odisha becomes power surplus state, makes progress on green energy: OfficialsOdisha has become a power surplus state as it has been making significant strides towards green energy generation, officials said on Tuesday. The average annual power demand of the state comes around 3,200 MW, while GRIDCO is all set to generate around 4,300 MW of electricity during 2020-21 fiscal, its managing director Trilochan Panda said. Odisha's total power generation had reached 3,489 MW during 2019-20 financial year, he said. Reviewing the progress in energy generation from different sources, Chief... Read more.. |
Ramky Enviro inaugurates 19.8 MW waste to energy plantRamky Enviro Engineers Limited has commissioned a 19.8 MW waste-to-energy plant in Hyderabad, the biggest such plant in South India and plans to develop another plant of 28 MW at the same location. After the plant inauguration, KT Rama Rao, Telangana Minister of Municipal Administration laid the foundation for the 28 MW plant. M Goutham Reddy, MD and CEO of Ramky Enviro, said, “With a population of one crore, the city produces 6,000 tonnes of waste daily. The new waste-to-energy plant, set up with an... Read more.. |
Siemens Energy exits coal; India entity not to see much impact in businessGermany’s Siemens Energy said on Tuesday it would not take up new projects supporting coal-fired power stations in India, following USA's General Electric in announcing a no-coal strategy globally. Siemens Energy builds steam turbines for power plants, but that business is not big for it in India. Siemens Energy, which is part of Siemens Ltd, said it would discontinue support for development of new coal- fired power plants. The company would continue to offer bridging technologies like gas-fired plants and... Read more.. |
