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Sustainability Outlook Headlines
Real estate, pharma firms among winners of India's coal mine auctionsReal estate, infrastructure and pharmaceutical companies were among the winners of India's first coal mine auctions open to the private sector without restrictions on end-use, the government said on Monday. Coal production in India has largely been restricted to state-run Coal India Ltd and another smaller government-controlled company, but Prime Minister Narendra Modi opened up the industry to the private sector this year. "Almost 65% (of) bidders were from the 'non-end user' category like real estate,... Read more.. |
Govt kicks off discom privatization for UTsIndia has begun the process of privatizing the electricity distribution companies (discoms) of its Union territories, with Chandigarh taking the first step. The Chandigarh administration on Tuesday made available the request for proposals to sell 100% government stake in its discom, two people aware of the matter said. A pre-bid meeting will be held on 1 December. The last date to submit bids is 30 December. “The Chandigarh discom is expected to be awarded by 15 January," one of the two people cited above... Read more.. |
Land, grid issues slow down commissioning of central wind projectsLess than one quarter of the wind projects awarded by the Solar Energy Corporation of India (SECI) through its auctions since have been commissioned so far, industry sources said. Of the 10,330 MW awarded since auctions began in 2017, only 2,307 MW is in operation. SECI is the nodal agency through which the ministry of new and renewable energy conducts wind and solar auctions. It has allotted 10,330MW of capacity in 9 tranches, according to data from renewable energy consultancy firm Bridge To India. Of the... Read more.. |
Govt invites foreign investment in India's strategic petroleum reservesIndia has invited global firms to invest in its strategic petroleum reserves (SPRs) as the nation's energy consumption growth would be fastest among large economies in coming decades, oil minister Dharmendra Pradhan told a conference on Monday. India's share in global energy consumption is set to rise from 7% to 12% in 2050, Pradhan told the ADIPEC conference. The nation, the world's third-biggest oil consumer and importer, earlier this year filled its three SPRs in southern India with 5.33 million tonnes of... Read more.. |
Finnfund to invest in Fortum Charge and Drive IndiaFinnish clean energy firm Fortum on Monday said development financier Finnfund will invest in Fortum Charge and Drive India. According to a company statement, Finnfund will invest in a minority share of Fortum's public charging point operator (CPO), Fortum Charge and Drive India Private Ltd (FCDIPL). The FCDIPL is a fast-growing e-mobility infrastructure provider, owning more than 70 public charging points at close to 40 locations in India, and partnerships with marquee business groups across the country. The... Read more.. |
Delhi's peak power demand expected to touch record high of 5,400 MW this winter seasonThe peak power demand in Delhi is expected to touch a record high of 5,400 MW this winter season, discom officials said on Monday. The peak power demand of Delhi in the last winter season was 5,343 MW on January 1, 2020, they said. A peak demand of 1,700 MW is expected this winter season, a spokesperson of the Discom Tata Power Delhi Distribution Ltd (TPDDL), that supplies electricity to consumers in north and northwest Delhi said. "With the capital city experiencing winters ahead of the schedule, and the... Read more.. |
ReNew Power sells Karnataka wind farms to Ayana Renewable for Rs 1600 croreReNew Power has sold its Karnataka wind farms to UK-government backed Ayana Renewable for Rs. 1600 crore, according to people aware of the matter. The two parties signed definitive agreements for the transfer of ReNew’s portfolio of windfarms located in four Karnataka districts of Raichur, Bijapur, Belgaum and Bellary over the weekend putting an end to six months of negotiations that took place in the run-up to the deal. The windfarms can generate 300 megawatts of energy. ET had first reported on the deal... Read more.. |
Power ministry makes it mandatory for all discoms to comply with Energy Conservation ActThe power ministry today announced it has made it mandatory for all the distribution entities in the country to comply with the provisions of the Energy Conservation (EC) Act. The power ministry had issued a notification in September stating all the entities having issued distribution license by State or Joint Electricity Regulatory Commissions under the Electricity Act 2003 are notified as Designated Consumers. After this notification, all the DISCOMs will be governed under the provisions of EC Act, such as... Read more.. |
Commission for air quality reviews air quality scenario in National Capital Region and adjoining areas.The members of Commission for Air Quality Management(CAQM)in National Capital Region and adjoining Areas met and reviewed the air quality scenario in the region, actions taken by various agencies so far and further steps to be taken for improving the air quality. The Commission noted that future action will necessitate consultation with various stakeholders. However, at this stage the Commission stressed the need to strictly enforce existing laws, rules, guidelines, directions and standard operating... Read more.. |
Telangana to release Waste Management Policy soonThe State government is going to release a comprehensive Waste Management Policy soon, said Municipal Administration and Urban Development Minister K Taraka Rama Rao. Inaugurating a Construction and Demolition (C&D) Waste Recycling plant at Jeedimetla built under Public Private Partnership (PPP) mode on Saturday, the Minister said the plant had highest capacity in South India and fifth in the country. He said that 2,000 tonnes of C&D waste was generated every day in the city. The plant has a capacity... Read more.. |
Gare Palma IV/7 coal mine in Chhattisgarh to be auctioned todayAdani Enterprises Ltd, Bharat Aluminium Company Ltd (BALCO), Jindal Power Ltd, JSW Steel Ltd, DB Power Ltd, Hindalco Industries Ltd, Nuvoco Vistas Corporation Ltd, and Sarda Energy and Minerals Ltd will be in fray today for Gare Palma IV/7 coal mine in Chhattisgarh. So far, 18 coal mines have been auctioned since the commercial coal mine auctions began on last Monday. The mines are being awarded on a revenue-sharing basis, while earlier blocks were allocated to companies on the payment of fixed amounts per... Read more.. |
Andhra to launch IoT project in MSMEs for energy efficiencyhe government will launch an Internet of Things (IoT) pilot project in micro, small and medium enterprises in all districts to study energy efficiency measures. After the success of the initial project in an MSME unit in East Godavari district, the Union ministry of power-led Bureau of Energy Efficiency has agreed to and sanctioned funds to extend the IoT pilot project to all districts. The AP State Energy Conservation Mission (APSECM) in coordination with the industries department will take up the project in... Read more.. |
ONGC puts mature oil, gas fields on block; Invites bids from global firmsState-owned ONGC has invited bids from global oil and gas companies for undertaking work to boost production from its ageing fields as it looks to reverse declining output. The 15-year Production Enhancement Contract (PEC) will require firms to commit to investing in capital and operating expenditure to increase production, higher than the existing baseline output, according to the tender document. A tariff will be paid in USD per barrel of oil and USD per million British thermal units for gas for any... Read more.. |
Ather Energy raises $35 million in funding round led by Sachin BansalHero MotoCorp-backed electric two-wheeler maker Ather Energy on Saturday said it has raised funds to the tune of $35 million in a funding round led by Flipkart co-founder Sachin Bansal's investment of $23 million. Besides Bansal, Hero MotoCorp has also invested $12 million as a part of the Series D round in the EV startup, according to a release. This round of investment will allow Ather Energy to accelerate its expansion plans and speed up the deliveries of its electric scooter, Ather 450X, the Bengaluru-... Read more.. |
Italian energy utility Snam inks pacts to enter India gas, hydrogen marketFE had reported in August that Snam planned to set foot in India’s gas infrastructure space, and the company’s CEO had had a discussion with petroleum minister Dharmendra Pradhan regarding collaborations in the areas of liquefied natural gas, gas storage and hydrogen fuel. The company, on Friday, also signed a non-binding agreement with Adani Gas to create a joint venture to set up a manufacturing facility for compressors, which are to be used in gas refuelling stations. “Thanks to the partnerships with some... Read more.. |
NTPC says one-fourth of its capacity will be based on renewables by 2030India's state-owned power generator NTPC Ltd announced around a fourth of its power generation capacity will be based on renewable energy sources by 2030. It sees total capacity growing from the current 62 Gigawatt (GW) to 130 GW by 2032. "In line with the global trend towards renewables, which is a cleaner source of energy, NTPC plans to achieve 32,000 Megawatt (MW) of capacity through renewables or 25 per cent of its overall power portfolio at the beginning of the next decade," the company said in a... Read more.. |
NGT report lists ‘devastating impact’ of Baghjan blowout on bio-diversityA National Green Tribunal (NGT) panel report on the Baghjan blowout has thrown light on the “devastating impact on the environment and bio-diversity of the affected landscape”. The report mentioned the two very prominent phases of impact during May 27 and June 8 when the toxic gases with condensate were blown out and impact from June 9 after the raging fire broke out which has continued for more than 150 days. Some members of multidisciplinary teams, reputed scientific organizations and individuals have been... Read more.. |
RERC’s tariff guidelines will affect third party and captive solar plantsRajasthan Energy Regulatory Commission’s decision not to extend 50% exemption on transmission and wheeling charges to captive and third party renewable energy projects as offered in the solar and wind policy of 2019 is set to have an immediate impact on projects over 300 MW capacity. Based on the exemption in the Rajasthan Solar Energy Policy, a clutch of renewable energy developers had registered with Rajasthan Renewable Energy Corporation Ltd (RRECL) for projects with 305 MW capacity. But sources in RRECL... Read more.. |
AAI ties up with NTPC for setting up solar power plants & have e-vehicles at airportsThe Airports Authority of India (AAI) has tied up with NTPC Vidyut Vyapar Nigam Ltd, (NVVN) a subsidiary of NTPC, for setting up solar power plants and adoption of e-vehicles at its airports. In the first phase, NVVN will take up the projects at airports in Tamil Nadu and Rajasthan. AAI Airports in Tamil Nadu have solar power plants with 3.5 MWp capacity and 12 MW solar energy is being purchased through open access for Chennai airport. The solar capacity required at airports in Tamil Nadu and Rajasthan is... Read more.. |
24 companies, including Tata & RIL, pledge to be ‘carbon neutral’Joining hands with the government to take India towards the path of lower greehouse gas emissions, as many as 24 top private companies, including Tata, Reliance, Mahindra, ITC, ACC, Adani and Dalmia Cement, on Thursday signed a declaration on climate change by voluntarily pledging to move towards ‘carbon neutrality’. Aligning themselves with India’s commitment under the Paris Agreement, captains of these industries, on the occasion of the India CEO Forum on climate change, briefly described how they would... Read more.. |
Delhi air turns more toxic as fumes from 5,000 farm fires flow inThe average air quality across the capital turned hazardous on Thursday morning, reaching 'severe' levels as burning of harvest residue in northern India soared to the highest this season. Average Air Quality Index rose to 508 by noon on Thursday as unfavourable wind carried toxic fumes nearly 5,000 fires in farms of Punjab, Haryana, Uttar Pradesh, and Uttarakhand. AQI between 0 and 50 is considered 'good', 51 and 100 'satisfactory', 101 and 200 'moderate', 201 and 300 'poor', 301 and 400 'very poor', and... Read more.. |
India demands environment-friendly technology to be made available at affordable prices to battle climate changeUnion Minister Prakash JavadekarBCCL Union Minister Prakash Javadekar insists that lower carbon emissions will only be possible if the right technology is available at the right place and at the right time. He highlighted that the success of the Montreal Plan was partly because it provided compensation for any additional expenditure to mitigate the effects of climate change. “India is walking the talk. India is two degrees compliant in actions and in contributions. And, therefore, we’re asking world leaders... Read more.. |
Post stir, Faridabad MC drops plan to set up dumping siteThe Municipal Corporation (MC) has succumbed to the demand of abandoning the move to set up a waste dumping site at sector 74 here. The demand was raised by the residents of some villages and residential sectors located in the close vicinity of the spot. The matter has also been consistently reported by The Tribune. MC chief engineer Thakur Lal Sharma said the move had been dropped in view of the protests. He said the civic body was still discussing the matter and was likely to set up several dump-cum-recycle... Read more.. |
Waste-to-energy plant soon at Jawaharnagar dump yardThe Greater Hyderabad Municipal Corporation (GHMC) is making all efforts to formally commission the 19.8 MW waste-to-energy plant at the Jawaharnagar dump yard shortly. Municipal Administration and Urban Development Minister KT Rama Rao is likely to participate in the programme. Since capping works were done at 130 acres in the dump yard, the rest of the space is being used for dumping and processing freshly brought waste After segregation, compost is being generated besides Refuse Derived Fuel (RDF). Of the... Read more.. |
GAIL India issues tender to buy and sell LNG cargoesGail (India) has issued a tender offering two liquefied natural gas (LNG) cargoes for loading in the United States and is seeking two cargoes for delivery into India, two industry sources said on Wednesday. It offered two cargoes to load from the Cove Point plant in the United States on a free-on-board (FOB) basis over Jan. 4 to 6 and Feb. 11 to 13, they said. It is also seeking two cargoes for delivery into Dabhol in India over Jan. 7 to 15 and over Feb. 4 to 10 on a delivered ex-ship (DES) basis, they added... Read more.. |
