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Sustainability Outlook Headlines
Proud moment! India gets best airport in carbon management in Asia-PacificDelhi Airport has become the first airport in Asia Pacific Region to achieve Level 4+ accredited airport under Airport Council International’s (ACI) Airport Carbon Accreditation program. This means Indira Gandhi International Airport (DEL) in the national capital has been adjudged as the best airport in carbon emission reduction management in the Asia Pacific region. Back in 2016, Delhi Airport became the first Carbon Neutral Airport in the Asia Pacific region 2016. The GMR-led Delhi International Airport... Read more.. |
India to see Rs 10,000 crore investment in LNG stations: Dharmendra PradhanIndia will see an investment of Rs 10,000 crore in the next three years in setting up of LNG stations, a fuel that promises to revolutionalise long-haul transport with reduced cost and lesser emissions, oil minister Dharmendra Pradhan said on Thursday. Liquefied natural gas (LNG), which is supercooled natural gas, is favoured by long-haul buses and trucks due to its higher energy density than CNG, its ability to give a 600-800 km run on a single fill, and it being 30-40 per cent cheaper than diesel. So far,... Read more.. |
eBikeGo to install 3,000 electric vehicle charging stations across five cities by FebruaryeBikeGo today announced that it will be setting up 3,000 electric vehicle charging stations across five cities in India in the next three months. The electric mobility solutions provider plans to expand its EV charging network to 12,000-15,000 in the next one year. These charging stations will be IoT-enabled and compatible with all electric two-wheelers. In the first phase, eBikeGo will install 3,000 charging stations in five cities – New Delhi/NCR, Mumbai, Bengaluru, Hyderabad, and Chennai. The company will... Read more.. |
Solar and wind power costs in India will be comparable to coal in 2025: Moody'sPower generation from solar and wind projects will likely be cost-competitive relative to coal-based power in India in 2025-2030 period, according to Moody's Investors Service, the global provider of credit rating, research and risk analysis. The shift would occur if the Levelized Cost of Electricity (LCoE) from solar and wind projects declines annually by a high single digit to mid-teen percentage between the first half of 2020 and 2025-30. "We expect the LCOE for new solar and onshore wind – both with... Read more.. |
Solar activity in India revives with 438 MW added in Q3July-September solar deployments in India rose from the previous quarter as the market is starting to recover from the COVID-19 crisis, but the newly-installed capacity is still far behind that from a year ago, Mercom India Research says. The country commissioned 438 MW of solar photovoltaic (PV) parks in the third quarter, up from 205 MW in the second quarter as economic activity revived and lockdown restrictions related to the coronavirus pandemic were lifted, triggering a surge in investments. However, the... Read more.. |
Adani has no guaranteed customer for $6 bn Indian solar project: ReportAdani Green Energy's record $6-billion solar power project announced in June has no guaranteed customer, its deal with India’s main solar-adoption agency shows, and may expose the company to higher financial risk. Shares in the firm, controlled by billionaire Gautam Adani, have soared three-fold since the signing of the 8 gigawatt (GW) multi-plant deal, which Adani hailed as the “largest of its type, ever” and a landmark for India. However, previously unreported details of the agreement between Adani Green... Read more.. |
Historic rise in renewable energy M&A deals this year despite COVID-19India is experiencing a historic rise in renewable energy merger and acquisition (M&A) deals this year despite the coronavirus pandemic that has taken a toll on economic activity. The current calendar year has witnessed M&A transactions of around $2 billion, a 75 per cent jump from transaction volumes estimated at $1.2 billion in 2019, according to Manish Aggarwal, partner and head, infrastructure M&A, special situations group, KPMG in India. Whereas, according to PwC’s estimates, the total deal... Read more.. |
India, Luxembourg discuss bilateral ties in fintech, space, solar energyPM Xavier Bettel invites Indian firms to raise capital for green projects India and Luxembourg can increase cooperation in the area of financial technology, steel, space, solar energy and the digital domain as there exists a lot of potential for growth, Prime Minister Narendra Modi said at the India-Luxembourg virtual summit on Thursday. The meeting was also attended by Luxembourg’s Prime Minister Xavier Bettel. “At a time when the world is trying to deal with the economic and health challenges of the Covid-... Read more.. |
PM Modi to inaugurate 3rd global renewable energy event RE-INVEST on Nov 26Prime Minister Narendra Modi will inaugurate the 3rd Global Renewable Energy Investment Meeting and Expo (RE-INVEST 2020) on November 26 to woo investors for investing in clean energy in India. India has set an ambitious target of having 175GW of renewable energy by 2022 and 450GW by 2030. During the last six years, over Rs 4.7 lakh crore were invested, making the country a preferred destination for investment in clean energy. "Prime Minister Narendra Modi will inaugurate the virtual 3rd Global Renewable... Read more.. |
With population on rise, Greater Noida takes multipronged approach to manage wasteAnticipating an exponential population growth in the next decade, the Greater Noida Authority has adopted a multipronged strategy for solid waste management. Officials hope the new strategy will help accomplish the city’s seamless garbage management goal in three years. The city generates approximately 300 metric tonnes of waste daily. Greater Noida’s population has been on a steady rise for the past couple of years, with new residents moving into completed real estate projects. With the Jewar international... Read more.. |
TCG Digital & Lummus Technology form joint ventureThe Chatterjee Group (TCG) controlled Lummus Technology and TCG Digital on Wednesday said that the two companies have formed a joint venture (JV) called Lummus Digital to explore and harness technology opportunities in the refining, petrochemical and gas processing market in India. The JV will work with Lummus' existing customers and potential customers to implement digital analysis and operative solutions to their refining, petrochemical and gas processing assets and across the hydrocarbon processing value... Read more.. |
HPCL launches 'poWer 99', India's highest rated octane fuel, in TNHindustan Petroleum Corporation Ltd., a Government of India Enterprise with a Maharatna Status, has launched 'poWer 99', a branded petrol with an Octane rating of 99, in Tamil Nadu, to cater to the growing demand for premium fuel from the rising population of high-end cars and performance bikes in the State. With an Octane rating of 99, 'poWer 99' is currently the highest octane rated petrol available in India. The octane rating of premium fuels of its competitors is not more than 97. Most high-end cars and... Read more.. |
MNRE proposes scheme for development of wind-solar hybrid parksThe Union Ministry of New and Renewable Energy (MNRE) has sought comments and feedback before November 28 on its concept note for development of wind and wind-solar hybrid parks in the country. The concept note aims to address a key issue faced by renewable energy projects, in particular wind energy projects, in recent months. While its competitive bidding process has resulted in competitive tariffs which are much lower than traditional Feed-in Tariffs, a number of projects have been delayed due to land, NoCs... Read more.. |
Infraprime Logistics to roll out 1,000 heavy electric trucks in IndiaInfraprime Logistics Technologies, a start-up in construction logistics, is planning to roll out 1,000 heavy duty electric trucks in India post a successful commercial run of its fleet of 55-MT electric trucks over the last one year. The commercial run demonstrated up to 60% savings in operating cost over conventional diesel trucks. The company launched electric trucks in India in August 2019, which garnered significant attention as it pioneered industry-first air-conditioned battery pack with 600,000km... Read more.. |
India only G20 nation on track to meet Paris pact’s 2°C goalIndia is the only country among G20 nations which is on track to meet what it had promised in 2015 under the Paris Agreement on climate change unlike the top three emitters — China, the US and the EU. India’s track record of being the only “2°C compatible” country was flagged in a report released on Wednesday by a coalition of 14 global thinktanks, including TERI, which showed that the other 19 leading and emerging economies were far from achieving their goals. Though China has declared that it will be carbon... Read more.. |
Goa finalises plan for waste management, will start from March 31Taking another step towards doing away with non-biodegradable waste, the state government has finalised an action plan for plastic waste management and set March 31, 2021, as the target for its implementation. Urban local bodies (ULB) and village panchayats (VP) have been directed to adopt the ban on plastic in its bylaws and make provisions for penalties against offenders. Last year, on October 2, the state government notified the ban on use of single-use plastic in all its offices to serve as a model for... Read more.. |
India experienced first decrease in carbon emissions in four decadesLower energy consumption during the lockdown period related to COVID-19 and a decreased share of coal in the electricity mix has led to the first decrease in carbon dioxide (CO2) emissions in four decades in India, according to a recent report. It added that though temporary, the country experienced a 15 per cent decrease in emissions in March and a 30 per cent decrease in April this year. According to the report by consulting firm Capgemini, most of the drop in total power demand was borne by coal-based... Read more.. |
Bharat Petroleum confident of meeting 10% ethanol blending target by 2022Bharat Petroleum, which is the national coordinator for ethanol blending by state-owned refiners, is confident of meeting the new government target of blending 10 per cent biofuel with petrol by 2022 with the latest addition of maze to the list of feedstock for the green fuel. State-run oil marketers are required to blend 10 per cent ethanol in petrol under the national policy on biofuels 2018 by 2022 and 20 per cent by 2030. But so far this has not been moving at scale as surplus sugarcane was not easily... Read more.. |
ONGC signs contract for 7 blocks, OIL 4 blocksState-owned Oil and Natural Gas Corp ( ONGC) on Tuesday signed contracts for seven oil and gas blocks it had won in the latest bid round that saw scant participation from the private sector. Oil India Ltd signed up for the remaining four blocks awarded under the fifth bid round of Open Acreage Licensing Policy (OLAP). Speaking at the signing ceremony, Oil Minister Dharmendra Pradhan said with the latest bid round, the government has in the last four years awarded 1.56 lakh square kilometre of acreage for... Read more.. |
Vedanta, 2 global funds among BPCL suitorsAnil Agarwal’s Vedanta Group and two overseas funds are said to be among suitors for state-owned Bharat Petroleum Corporation (BPCL), which the government is seeking to privatise. Government sources told TOI that Vedanta is among the “multiple suitors” for the oil marketing company. The names of the two funds were not immediately known. The government and transaction advisor Deloitte have so far not disclosed names of the entities that have evinced interest. The deadline for submitting an expression of... Read more.. |
Greenpeace India writes to NITI Aayog on post-Covid-19 green recovery plansEnvironment think tank Greenpeace India on Tuesday sent to the NITI Aayog a plan to help build a climate-proof, equal, sustainable and resilient India as it emerges from the Covid-19 pandemic. In its recommendations to government's policy think tank NITI Aayog, Greenpeace India stressed on the need to promote a decentralised model of renewable energy which will not only help to get universal energy access but it can also help mitigate climate crisis by replacing fossil fuel-based energy production. "The... Read more.. |
Goa to get India’s first green energy convergence projectIndia’s first convergence project to generate green energy for rural and agriculture consumption is set to come up in the state. Energy Efficiency Services Ltd (EESL), a joint venture of PSUs under the ministry of power, and Goa government signed a memorandum of understanding (MoU) on Tuesday to discuss the rolling out of the affordable clean power project. The project is expected to accelerate the usage of renewable energy sources in the country, Union minister of state (independent charge) for power and new... Read more.. |
Rays Experts commissions 700 MW solar power projects in IndiaSolar solution provider and park developer Rays Experts on Tuesday announced that it has commissioned solar projects of around 700 MW capacity across the country. These projects include a 440 MW solar plant inside the park, 210 MW solar plant outside the park, 49 MW rooftop installations for commercial/industrial sites, and 4 MW units across 8,400 homes. "Rays Experts successfully commissioned solar projects totalling 700 MW across the country," a company statement said. These projects include ground-mounted... Read more.. |
IIT-G develops method to transform industrial wastes into chemicalsThe Indian Institute of Technology Guwahati (IIT-G) on Monday said its researchers have formulated efficient 'pincer' catalytic systems that transform industrial/biomass wastes into valuable chemicals. According to the research team, tiny amounts of these 'pincer catalysts' repeatedly convert large amounts of industrial waste such as glycerol into lactic acid and hydrogen. Such catalysts also efficiently convert bioethanol, a low-energy density fuel, into high-energy density butanol. "Pincer catalysts are... Read more.. |
Fire at Oil India's Assam well extinguished after nearly six monthsState-run explorer Oil India Ltd said on Monday a deadly fire at its well in eastern India that that started raging nearly six months ago has been "doused completely." "There is no pressure in the well now and the same will be observed for 24 hrs to check," Oil India said in a filing to exchanges on Monday. Oil India had suspended operations at the gas well in its Baghjan oilfield in the Tinsukia district in eastern Assam state on May 27 after an uncontrolled gas emission. The company had brought in experts... Read more.. |
