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Sustainability Outlook Headlines
PTC India Financial Services To Disburse Loans Of Rs 485 Crore For Infra ProjectsPTC India Financial Services said on Wednesday that its board of directors has cleared a plan to disburse loans of Rs 485 crore to borrowers for solid waste management project, drinking water supply project and state-owned power transmission companies. The decision was taken with an objective to establish PFS as a sustainable financing institution. "PTC India Financial Service is continuously looking to... Read more.. |
WABAG signs ADB funded water supply project in Bhagalpur, BiharVA TECH WABAG has signed a contract with Bihar Urban Infrastructure Development Corporation for improvement of water supply system in Bhagalpur Municipal Corporation, Bihar. The contract, worth Rs 278 crore was signed in the presence of top officials from BUIDCo and WABAG. The contract was won by WABAG in January 2020. On completion, the project will be the largest water supply scheme of Bhagalpur and will... Read more.. |
Fortum's new CEO sees natural gas, hydrogen helping green transitionThe new chief executive of Fortum said on Wednesday natural gas and hydrogen could help Europe shift to clean energy and promised to present a strategy for the Finnish utility and its newly acquired German rival Uniper by the end of 2020. The state-controlled group named Chief Financial Officer Markus Rauramo as its new chief executive on Wednesday as it seeks to integrate Uniper, now 73.4 per cent owned by... Read more.. |
Wells Fargo signs multi-year contracts with Shell for clean energyUS lender Wells Fargo said on Wednesday it had signed multi-year purchase agreements for renewable energy with Royal Dutch Shell's units, as it progresses toward its clean energy goals. The agreements would involve the development of new utility-scale solar installations in several counties, the lender said in a statement. ... Read more.. |
Germany's Amprion sets out North Sea offshore wind grid visionGerman power grid company Amprion on Wednesday unveiled long-term plans for joint European offshore wind links in the North Sea and announced a trebling of spending in the next 10 years. Amprion, with 11,000 kilometres of high voltage transmission lines in western Germany, is the second biggest of four regulated operators of grids criss-crossing the country and offshore, which fund themselves via consumer fees.... Read more.. Date : Jun 25 Source: The Economic Times
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KSEB to monitor energy generation in real timeThe State Renewable Energy Data Centre, a facility to monitor renewable energy generation in real time, will be up and running in six months at Vydyuthi Bhavan in Thiruvananthapuram. The centre will have a video wall of myriad screens that will not just beam real-time data from solar generation facilities but various other related environmental aspects that are pivotal to the generation. ... Read more..Date : Jun 24 Source: The Hindu
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India exploring global funds for compressed biogas projects: Oil ministerIndia is exploring global funds and prioritising lending for compressed biogas (CBG) projects, Oil Minister Dharmendra Pradhan said on Tuesday, as the country looks to reduce its crude imports and increase its use of cleaner fuels. “We are also exploring global funds to fund CBG projects,” Pradhan said at the inauguration of a biogas plant in the southern state of Tamil Nadu. ... Read more.. Date : Jun 24 Source: Energy Infra Post
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Haryana industrial power use falls 55 per centCourtesy the lockdown, the electricity distribution companies of Haryana — Uttar haryana Bijli Vitran Nigam (UHBVN) and Dakshin Haryana Bijli Vitran Nigam (DHBVN) — have seen a decline of 55 per cent in electricity consumption... Read more.. |
UP CM Yogi Adityanath bans use of Chinese power metersResponding to the public sentiments, the Yogi Adityanath government in Uttar Pradesh has imposed a ban on the installation of new China-made electricity meters by the state Power Department. ... Read more.. |
Amazon to launch $2 billion venture capital fund to invest in clean energy: WSJAmazon.com Inc will launch a $2 billion internal venture capital fund that will focus on technology investments to reduce the impact of climate change, the Wall Street Journal reported on Tuesday.... Read more.. |
Spain pushes clean energy decree to speed renewable rolloutSpain's cabinet approved on Tuesday a decree aimed at smoothing the rollout of renewable energy generation, with measures to combat speculation in the market, cut red tape and overhaul an outdated auction system to reassure investors and lower prices. ... Read more.. |
First blockchain-based solar energy trading initiative worksBlockchain technology has been largely confined to finance and cryptocurrency. The distributed ledger system’s relevance in other areas of business are slowly coming to light. ... Read more.. |
Bhopal: Testing of Bina solar plant for railway beginsIn a first in the country, a dedicated solar power plant is being set up to operate trains. Testing of the 1.7 MW solar power plant near Bina station of Bhopal railway division has started and if everything goes well it will be commissioned soon. The solar power plant has been set up by the Railways in collaboration with Bharat Heavy Electrical Limited on its land near Bina. DRM Bhopal Uday Borwanker said that testing of world's first large scale solar power installed on Indian Railways'... Read more.. Date : Jun 23 Source: The Economic Times
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Hindustan Zinc looks to sell wind energy assetsVedanta group company Hindustan Zinc has put its wind energy assets on the block, according to sources aware of the matter. The assets are valued at around Rs 1,500 crore and were described as ‘non-core’ by an executive aware of the company’s plans. ... Read more.. Date : Jun 23 Source: The Economic Times
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Govt's Rs 90k cr liquidity infusion for discoms a non-starterThe Union government's ambitious Rs 90,000 crore plan to inject liquidity for electricity distribution companies has been a non-starter as state governments are reluctant to extend guarantees on loans given to such discoms due to their own precarious financial condition. Sources in PFC and REC, the agencies identified for liquidity... Read more.. |
Shivraj govt announces reduction of electricity bills amid COVID-19 crisisMadhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday announced that people having electricity bills between Rs 100 to Rs 400 have to pay Rs 100 only and those having electricity bills over Rs 400 have to pay half of the entire bill. While interacting with the beneficiaries of the electricity, CM Chouhan said," This decision will save Rs 183 crore of the consumers of the state. The state government will also pay this amount to the electricity department." "People, having Rs... Read more.. Date : Jun 23 Source: The Economic Times
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Cleantech Solar gets $75 mln loan from ING to fund SE Asia expansionSingapore based Cleantech Solar has secured a $75 million loan from Dutch bank ING Groep NV to finance its expansion across Southeast Asia, the companies said in a joint statement on Tuesday. ... Read more.. Date : Jun 23 Source: The Economic Times
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Eyeing China, India may shortly impose tariff barrier on solar cells, modulesIn what will make solar cells and modules imported from China expensive, India will soon take a call on when a basic customs duty on such products will be imposed, said two people aware of the development. The Centre may not extend the safeguard duty, in place since 30 July, 2018, on solar cells and... Read more.. |
Power supply to Baddi pharma unit snappedThe State Pollution Control Board (SPCB) today ordered discontinuation of power supply to Baddi-based pharmaceutical unit Torque Pharmaceuticals, which had been found dumping untreated industrial effluents and sewage in a water body in violation of the Water (Prevention and Control of Pollution) Act 1974. ... Read more.. |
India's top court rejects power companies' bid to extend emissions deadlineIndia's Supreme Court rejected a request by power producers to extend a deadline to install equipment to cut emissions by two years to 2024, according to an order uploaded on the court's website late on Monday. India has a phased plan for plants to comply with emissions standards, which involve... Read more.. |
Government-owned EESL seeks supply chain details amid concernsThe central government-owned Energy Efficiency Services Limited (EESL), which is carrying out a smart metering project in Uttar Pradesh, has asked all players it has allotted tenders to for its projects across the country to disclose their supply chain details as it wants to assess their dependence on foreign sources in the wake of supply chain uncertainties observed during the lockdown. ... Read more.. |
Assam: Pollution Control Board Withdraws Closure Notice To Oil IndiaThe Pollution Control Board, Assam, on Monday, has withdrawn the closure notice which directed Oil India Limited (OIL) to "close down" all production and drilling operations of all the installations of Baghjan oilfield in Tinsukia district. It has been withdrawn in pursuance of affidavit submitted by Oil India Ltd under few conditions. ... Read more.. |
Solar power generation in India plunges by a third during eclipseIndia's solar power generation plunged about a third during the solar eclipse on Sunday. Power grid operators, however, handled the sharp drop and surge in generation during the celestial event, underscoring the country’s ability to manage its growing green energy generation and the impact on the national grid. The drop in solar power generation was expected to be around 11,943 megawatts (MW) on 21 June, Mint reported on 2 June. Eclipses occur every year, but annular solar eclipses are not common. India has experienced three solar eclipses in the past 10 years—on 22 July 2009... Read more.. Date : Jun 22 Source: Live mint
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Green certificate sales down 55% to 3.33 lakh in MaySales of renewable energy certificates dropped over 55 per cent to 3.33 lakh units in May compared to 7.5 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated from an eligible renewable energy source. According to official data, a total of 2.78 lakh RECs were traded on the Indian Energy Exchange (IEX) in May, compared to 5.5 lakh in the same month of 2019. Power Exchange of India (PXIL) recorded sales of 0.55 lakh RECs in May... Read more.. Date : Jun 22 Source: The Economic Times
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Tata Power to develop 100 MW solar project in MaharashtraTata Power on Friday said its wholly-owned arm has bagged a contract to develop a 100 MW solar project in Maharashtra. "Tata Power Renewable Energy Limited (TPREL) has received a letter of award from Maharashtra State Electricity Distribution Co Ltd. (MSEDCL) to develop a 100 MW solar project in Maharashtra," the company said in a filing to BSE. The energy will be supplied to MSEDCL under a power purchase agreement, valid for a period of 25 years from scheduled commercial operation date. The project is required to be commissioned within 18 months from the date of... Read more.. Date : Jun 22 Source: The Economic Times
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