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Sustainability Outlook Headlines
Madhya Pradesh to get solar energy panels installed at wind power plant sitesBHOPAL: In a bid to make Madhya Pradesh energy self-reliant, the government will install solar energy panels at wind power plant sites to provide solar energy during daytime and wind power in the nights. Energy Minister Hardeep Singh Dang reviewed the draft of the state’s renewable energy policy on Tuesday. At the meeting, Dang informed that this year maximum solar parks have been approved for Madhya Pradesh in the country. Of the 18,000 MW solar parks approved in the country this year, about 5,000 MW solar parks have been approved for Madhya Pradesh alone. These include 1500 MW Agar-... Read more.. Date : Feb 3 Source: New Indian Express
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Clean air boost for Pune, 5 other cities in MaharashtraPUNE: Six cities in Maharashtra — Nashik, Aurangabad, Pune, Greater Mumbai, Nagpur and Vasai Virar — are among the 42 cities, in 15 states, that will reap the benefits of the budgetary allocation of Rs 2,200 crore for air quality improvement. Cities with population of more than 10 lakh were shortlisted for the purpose. The six Maharashtra cities will collectively get Rs 396.5 crore with which, local bodies are expected to start initiatives to clean the air. Greater Mumbai has got the lion’s share of the allocation in the state — Rs 244 crore (almost 61%). Next in line is Pune with Rs 67... Read more.. Date : Feb 3 Source: Times of India
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No new policy, support to gas-based power plants at present: GovernmentNew Delhi: The government has decided not to bring any new policy or provide support to gas-based power plants at the moment because states are reluctant to offer certain concessions for these projects, Parliament was informed on Tuesday. To revive and improve utilisation of gas-based capacity in the country, the Government of India had sanctioned a scheme of e-RLNG (e-auction of Re-gasified Liquefied Natural Gas) for utilisation of gas-based power generation capacity during the years 2015-16 and 2016-17. The scheme envisaged supply of imported spot RLNG to the stranded gas-based plants as... Read more.. Date : Feb 3 Source: Economic Times
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Barring PowerGrid, total investments by power PSUs to rise 19 pc to ₹60k cr in FY22New Delhi: The government has increased total investments by eight state-owned power companies, including REC Ltd, by over 19 per cent to ₹59,990.52 crore for 2021-22. This compares to revised estimate of ₹50,311.03 crore for the current financial year. REC Ltd witnessed the highest increase of over 69 per cent in investment to ₹9,300 crore, against ₹5,500 crore budget estimates for 2020-21. This investment figure was not revised, according to the Budget document presented in Parliament on Monday. However, in case of Power Grid Corporation of India Ltd, the investment for 2021-22 has been... Read more.. Date : Feb 3 Source: Live Mint
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Power ministry to launch manufacturing programme for critical equipmentThe Ministry of Power will launch a domestic manufacturing programme for critical power and renewable energy equipment at an outlay of Rs 1,500 crore in the coming financial year. The scheme titled 'Manufacturing Zones under Atmanirbhar Bharat Package' in the Union Budget would entail setting up three manufacturing zones in a year. These zones are divided into three categories– coastal, land-locked and hilly states. The scheme would call for offers from the states to submit applications to set up these zones. The three selected zones would get Rs 500 crore each for the development of... Read more.. Date : Feb 3 Source: Business Standard
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Govt. announces launch of Mega Investment Textiles Parks (MITRA) scheme to make Indian textile industry globally competitiveThe Government has proposed a scheme of Mega Investment Textiles Parks (MITRA) to enable the textile industry to become globally competitive, attract large investments, boost employment generation and exports. Presenting the Union Budget 2021-22 in the parliament today, Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman said that this will create world class infrastructure with plug and play facilities to enable create global champions in exports. MITRA will be launched in addition to the Production Linked Incentive Scheme(PLI). Commenting on Mega Investment Textiles... Read more.. Date : Feb 2 Source: PIB
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Hydrogen Energy Mission in 2021-22 for generating Hydrogen from Green Power sources to be launched Budget proposes to provide customers option to choose electricity supplierExpressing serious concern over the viability of power distribution companies, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman in her budget speech of 2021-22, proposed an outlay of Rs 3,05,984 crore over 5 years for a revamped reforms- based result-linked power distribution sector Scheme. The Scheme will provide assistance to DISCOMS for infrastructure creation, including pre paid smart metering and feeder separation, up gradation of systems, etc. tied to financial improvements. In her budget speech, Smt. Sitharaman also pointed towards the monopolies of... Read more.. Date : Feb 2 Source: PIB
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Budget 2021: Import duty on solar invertors, lamps hikedThe government on Monday proposed to raise import duty on solar inverters and lanterns or lamps but did not go ahead with its plan to impose basic custom duty on solar equipment across the board to boost domestic manufacturing. The Solar Power Developers Association had also urged the government to hold back its plan to impose basic custom duty (BCD) on solar equipment for time being in view of India's ambitious target of having 175GW of renewables by 2022, which include 100GW of solar. Solar developers depend heavily on solar equipment imports due to limited production capacity of... Read more.. Date : Feb 2 Source: Live Mint
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Renew Power eyes merger with clean energy SPACs for US listingMUMBAI: Indian solar and wind power producer ReNew Power is exploring merger with one of the US-listed blank cheque financiers to capitalise on the growing frenzy of such vehicles that created with the sole purpose of acquiring an existing company. The Goldman Sachs Group-backed company has already held preliminary discussions with some blank cheque financiers, also known as special purpose acquisition companies (SPACs), such as RMG Acquisition Corp II and Peridot Acquisition Corp, people aware of the development told ET. These discussions are happening in parallel to the ongoing... Read more.. Date : Feb 2 Source: Economic Times
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Rs 2.87 lakh crore will be spent in 5 years for Jal Jeevan Mission (Urban); water will reach 2.86 crore urban homes while budget has also been increased for JJM (Rural)The Union Jal Shakti Minister Shri Gajendra Singh Shekhawat today described the budget (2021-2022) as being in tune with the needs of the people and promoting inclusive growth. Congratulating Prime Minister Shri Narendra Modi and Finance Minister Smt Nirmala Sitharaman for this budget that strengthened ‘Atmanirbhar Bharat’, he said, "This budget is as per the need of the people and strengthens the resolve of water prosperity, Shri Shekhawat congratulated Union Finance Minister for the budget and said that it is the foresight of Hon'ble Prime Minister Shri Narendra Modi, to find the... Read more.. Date : Feb 2 Source: PIB
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JSW Energy shuns thermal power projects for better ESG ratingWe’re focussing more to grow renewable portfolio, says Prashant Jain, Joint Managing Director Sajjan Jindal-led JSW Energy plans to stop investing in thermal power projects and focus only on green energy with an eye to improve its ESG (environment, social and governance) rating. What are your plans for expansion? We will not do any thermal projects going ahead. Renewables will be future of power business in the country because of technology development and policy initiative. The government has come up with RPO (Renewable Purchase Obligation). All distribution companies have to sign PPA (... Read more.. Date : Feb 2 Source: The Hindu Business Line
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Microsoft turns to Climeworks to deliver carbon capture techologyMicrosoft Corp. said its climate fund will invest in Swiss carbon-removal startup Climeworks AG, and that the company will base executive pay partially on meeting sustainability goals. Microsoft will back Climeworks’ current project in Iceland to increase the scale of that company’s ability to suck carbon out of the air and pump it deep into the earth, as well as the company’s next project at the same site. Climeworks uses giant fans to capture CO₂ from the air. In some cases it sells the concentrated gas, marketing it to beverage companies and plastic makers. “We like the fact that they... Read more.. Date : Feb 2 Source: Bloom Berg
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FAME-II scheme restructuring entire EV industry, needs another 3-4 years extension: Ather EnergyNEW DELHI: FAME-II scheme, the programme meant to promote electric vehicles in India, has helped in attracting investments in the sector in the country and needs to be extended by another three to four years, according to a top official of Hero MotoCorp-backed Ather Energy. Presenting an opposite view to that of the Society of Manufacturers of Electric Vehicles (SMEV) which asked Finance Minister Nirmala Sitharaman to either rejig FAME-II scheme or reintroduce FAME-I, Ather Energy Co-founder & CEO Tarun Mehta told PTI that what the "SMEV has said does not look like a considered... Read more.. Date : Feb 2 Source: Times of India
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Packaging giant Mondi targets 100% reusable, recyclable or compostable products by 2025Mondi’s new all-PE recyclable packaging earns green certification by Institute cyclos-HTP GmbH. BarrierPack Recyclable is used by dutch pet food producer Yarrah for its organic Yarrah and DANO pet food brands, and UK supermarket chain Tesco for its own-brand dishwasher tablets. 28 January 2020 – Mondi, global leader in sustainable packaging and paper, had its award-winning BarrierPack Recyclable all-polyethylene film certified for recyclability. This lightweight mono-material offers a more sustainable packaging solution for diverse applications ranging from stand-up pouches for dishwasher... Read more.. Date : Feb 2 Source: Mondi Group
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Inditex joins new MIT climate change projectCAMBRIDGE – The Massachusetts Institute of Technology (MIT) has launched a new cross-sector collaboration with industry leaders - including Zara owner Inditex - to explore innovation in addressing climate change. The MIT Climate and Sustainability Consortium (MCSC) represents a broad range of industries and aims to vastly accelerate large-scale, real-world implementation of solutions to mitigate the threat of global warming. As well as Inditex, companies lending their support to the initiative include Accenture, Apple, Boeing, Cargill, Dow, IBM, LafargeHolcim, MathWorks, Nexplore, RWCB,... Read more.. Date : Feb 2 Source: Exo Testile
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Details of Voluntary Scrappage Policy to be declared within 15 days : Nitin GadkariUnion Minister for MSME and Road Transport & Highways, Sh. Nitin Gadkari has welcomed the Voluntary Scrappage Policy announced in the Union Budget, and said thatdeclaration of thedetails of the policy will be done within 15 days from today. In his post-budget interaction with the media at his residence, Sh. Gadkari said that the scrappage policy will lead to new investment of around Rs.10,000 crores, and create as many as 50,000 jobs. The Minister said the policy would cover an estimated 51 lakh light motor vehicles (LMV) that are above 20 years of age, while another 34 lakh LMVs are... Read more.. Date : Feb 2 Source: PIB
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CDC lends to Tata Capital-IFC’s cleantech finance joint ventureUK-based development finance institution CDC Group has given a $30 million (about Rs 220 crore) lending facility to Tata Cleantech Capital Ltd (TCCL), the companies said in a statement. The proceeds will be used to offer loans to businesses that focus on e-mobility solutions as well as water and energy efficiency. The statement said that CDC’s facility will enhance efforts to avoid greenhouse gas emissions by increasing the deployment of money to energy efficiency and e-mobility solutions. This will also reduce freshwater consumption as the facility will be used to fund water-efficiency... Read more.. Date : Jan 29 Source: VC Circle
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Mastercard Pledges Net Zero Emissions; Innovates for Collective Climate ActionDubai, UAE; Jan. 27, 2021 – Mastercard is furthering its commitment to create a more sustainable and inclusive digital economy, with a pledge to reach net zero emissions by 2050. Understanding that economic growth cannot come at the expense of the planet, the company’s global action plan aims to continue to reduce greenhouse gases (GHG) by remaining focused on the decarbonization of its operations and bolstering its efforts to decarbonize its supply chains. Mastercard’s net zero goal builds upon its existing GHG commitments that align with the Business Ambition for 1.5°C pledge. The first... Read more.. Date : Jan 29 Source: News Room
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Gadkari calls for R&D and shift towards alternate battery technologies for EVsWith electric vehicles fast becoming the new reality, Union Minister for MSME and Road Transport & Highways Sh. Nitin Gadkari has stressed the need to emerge as pioneers in developing leading battery and power-train technologies. Noting that the challenge we presently face is the control on strategic reserves of Lithium, which is used to manufacture Lithium-ion rechargeable batteries used in vehicles, the Minister has called upon the EV sector to shift towards a completely indigenous battery technology in the coming years. This could be metal-air, metal-ion and other potential... Read more.. Date : Jan 29 Source: PIB
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Government plans $41 billion reform to revive ailing power utilitiesIndia plans to spend Rs 3 lakh crore ($41 billion) on a new plan to revive regional electricity retailers, people with knowledge of the matter said, after a previous attempt failed to stem losses at the utilities. The spending would be spread over a few years and is likely to be unveiled on Feb. 1 as part of the government’s budget for the year starting April 1, the people said, asking not to be identified as the proposal isn’t public. The plan for carrying out reforms for reducing losses of state distribution utilities was sought by the nation’s power ministry and is under discussion.... Read more.. Date : Jan 29 Source: Economic Times
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India, Denmark launch Green Strategic PartnershipHer Excellency Ms. Mette Frederiksen, Prime Minister of the Kingdom of Denmark and His Excellency, Mr. Narendra Modi, Prime Minister of the Republic of India, co-chaired a Virtual Summit between India and Denmark on 28 September 2020. 2. Prime Minister Modi and Prime Minister Frederiksen held an in-depth exchange of views in a warm and friendly atmosphere on bilateral relations, discussed the Covid-19 pandemic and global matters of interest to both sides, including climate change and green transition and reached common understanding with a view to accelerating sustainable economies and... Read more.. Date : Jan 29 Source: PIB
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2021: Year of Indo-French alliance towards a Greener PlanetMinister for Environment,Forest and Climate Change, Shri Prakash Javadekar and Ms Barbara Pompili, the French Minister for Ecological Transition launched the Indo-French Year of the Environment in New Delhi today. The basic objective is to strengthen Indo-French cooperation in sustainable development, increase the effectiveness of actions in favor of global environment protection and give them greater visibility. Welcoming Ms Barbara Pompili on her maiden visit to India, Shri Prakash Javadekar emphasised on the significance of India-France alliance in working towards climate change. He... Read more.. Date : Jan 29 Source: PIB
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India signs Strategic Partnership Agreement with International Energy Agency (IEA)The Framework for Strategic Partnership between the International Energy Agency (IEA) members and the Government of India was signed on 27th January, 2021 to strengthen mutual trust and cooperation & enhance global energy security, stability and sustainability.This partnership will lead to an extensive exchange of knowledge and would be a stepping stone towards India becoming a full member of the IEA. The MoU was signed by Mr. SanjivNandanSahai, Secretary (Power) from the Indian side and Dr.FatihBirol, IEA Executive Director from the IEA side. The contents of the Strategic partnership... Read more.. Date : Jan 28 Source: PIB
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Textiles Committee, Ministry of Textiles signs MoU with M/s Nissenken Quality Evaluation Centre, Japan to boost export of Textile and Apparel to Japanese marketA formal Memorandum of Understanding (MoU) signing ceremony was heldbetween Textiles Committee, Ministry of Textiles, Government of India and M/s. Nissenken Quality Evaluation Centre Japan, through video conferencing here today. The Union Cabinet chaired by Hon’ble Prime Minister in its meeting held on 2nd September, 2020 had given the approval for signing of a Memorandum of Understanding (MoU) between the two organisations. The signing ceremony was Presided over by Hon’ble Minister of Textiles and Minister of Women and Child Development , Smt. SmritiZubinIrani on the Indian side and by... Read more.. Date : Jan 28 Source: PIB
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Chandigarh: 5,000 smart meters on new control centreCHANDIGARH: The UT administration's engineering department has installed more than 5,000 smart electricity meters across the city under the Smart Grid Project and linked these with the new command and control centre. Under this pilot project, the UT administration has identified 30,000 devices to replace with these smart meters. Once the plan works, the engineering department will extend it to the entire city, and replace all power meters. The lone electricity sub-division chosen for this pilot project covers sectors 29, 48, 47, 29, and 31, besides the Industrial Area Phases I and II,... Read more.. Date : Jan 28 Source: Economic Times
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