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Sustainability Outlook Headlines
Rs 1.2 lakh crore to be spent on oil, gas projects in FY21: GovernmentNEW DELHI: State-owned oil firms plan to spend about Rs 1.2 lakh crore in the fiscal year to March 2021 on oil and gas exploration and production and refineries in a bid to boost economic activity in the nation that has been hit hard by the COVID-19 pandemic. As much as Rs 5.88 lakh crore of spending is budgeted for 8,363 projects over the next few years, an official statement said. "Out of the total anticipated cost of these projects, approximately Rs 1.20 lakh crore is targeted to be incurred as capex in FY 2020-21," it said. Oil minister Dharmendra Pradhan reviewed all ongoing projects... Read more.. Date : Aug 26 Source: ET Energy World
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Mumbai-based firm sets up India’s first manufacturing unit for Li-ion battery componentsNew Delhi: Mumbai-based Epsilon Carbon, a coal tar derivatives company, on Monday said it has commissioned the country’s first manufacturing facility in Karnataka to produce graphite anode materials for lithium-ion batteries (LiB). The firm added that it plans to invest Rs 500 crore over the next five years in the facility that would produce 5,000 tonnes of anode material annually. It plans to triple this capacity to 15,000 tonnes in 2021 and to 50,000 tonnes per annum by 2025. According to the company press release, graphite anodes comprise 25 per cent volume in LiB cells and are the... Read more.. Date : Aug 25 Source: ET Energy World
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Trial run of electric bus begins in SuratTrial run of an electric bus was carried out in Surat on Monday in presence of municipal commissioner BN Pani, Mayor Dr Jagdish Patel and Standing Committee chairman Anil Goplani. For next three days, the bus will be on trial run in the city for inspection by the municipal authorities and CEPT (Centre for Environmental Planning and Technology) teams. The Union government’s department of heavy industries had decided to supply 5,595 electric buses to 64 cities across the country, in an attempt to reduce air pollution. As part of the plan, Surat was supposed to get 150 buses. Each bus costs... Read more.. Date : Aug 25 Source: Indian Express
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Union Minister Nitin Gadkari promotes pilot project to run electric buses with private investmentNew Delhi: Union Road Transport and Highways Minister Nitin Gadkari on Monday promoted a pilot project to run electric buses with private investment. "If anyone is ready to invest in India, we can give him a pilot project for a city, where they can run their buses on electricity. Running their buses through electricity, they will get good margin compared to diesel. However, the ticket rate will remain the same. It is an attractive project due to saving between diesel and electricity," Gadkari said while addressing the 4th UITP India Bus seminar, through video conference. He added that it... Read more.. Date : Aug 25 Source: ET Energy World
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55 solid waste management plants to come up in Jalandhar this fiscalTo ensure clean, pollution and stink-free rural areas, the district administration is set to build 55 solid waste management plants across the city during the current financial year. Five solid waste management plants would be set up in each of the 11 blocks of the district. Divulging the information, Additional Deputy Commissioner (Development) Vishesh Sarangal said separate pits would be constructed under the solid waste management project where dry and wet waste would be dumped by the waste-collecting teams. He said for ensuring waste segregation, blue and green dustbins would be... Read more.. Date : Aug 25 Source: Tribune India
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India’s solar power story disrupted as renewable energy finds no buyersIndia’s solar power story has been largely creditable, with a rapid pace of capacity addition and competitive tariffs being discovered, but several adversities including reluctance of discoms to sign power supply agreements (PSAs) are threatening to disrupt it. Nearly a third of the 23,600 megawatt (MW) renewable power projects, won by various players after quoting the lowest rates in reverse auctions conducted by the Solar Energy Corporation of India (SECI) for inter-state transmission system (ISTS), are staring at an uncertain future as the agency has not yet found buyers for electricity... Read more.. Date : Aug 25 Source: Financial Express
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India, Nepal to expand energy cooperation, explore new pipelineNew Delhi: The atmosphere of mistrust between India and Nepal over border issues has not impacted energy sector cooperation between the two countries as both have decided to explore the possibility of another petroleum pipeline to feed the growing fuel demand in the Himalayan nation. The existing Motihari-Amlekhgunj petroleum products pipeline has become the lifeline for Nepal for meeting its energy needs. The two sides are now exploring whether state-owned Indian Oil Corporation could look at another product pipeline running into the northern and eastern parts of the country. The... Read more.. Date : Aug 25 Source: ET Energy World
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Adityanath attends foundation-stone laying ceremony for SIDBI's green building in LucknowLucknow (Uttar Pradesh): Uttar Pradesh Chief Minister Yogi Adityanath on Monday virtually attended stone-laying foundation ceremony of Small Industries Development Bank of India's (SIDBI) new green building. He said, "This new concept of SIDBI's green building, reflects Prime Minister Narendra Modi's vision where we all work together to save energy and encourage green energy." "The provision of recycling water, utilisation of solar energy will be facilitated in this green building of SIDBI," he added. Adityanath further said that for the state with the highest population in the country, i.... Read more.. Date : Aug 25 Source: ET Energy World
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KEPCO and Manikaran Power sign pact to acquire and operate stressed power assetsNew Delhi: Manikaran Power Ltd today announced it has signed a Memorandum of Understanding (MoU) with South Korean KEPCO KPS to acquire and operate stressed power plants in India. "Both the companies have agreed to contribute their respective skills, resources and know–how towards acquiring and reviving stressed assets in the power sector," the companies said in a joint statement. KEPCO KPS provides Operation & Maintenance (O&M) services of thermal, nuclear and hydro energy projects with an existing portfolio of 52,000 Megawatt in Korea and an overseas O&M portfolio of about 6,... Read more.. Date : Aug 24 Source: ET Energy World
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BHEL bags maiden order for battery energy storage systemsNew Delhi: State-run engineering firm BHEL on Friday said it has bagged its maiden order for battery energy storage systems from TERI. However, the company did not divulge details about the value of the order. "Amidst stiff competitive bidding, BHEL has won its first commercial order for state-of-the-art Battery Energy Storage Systems from The Energy and Resource Institute (TERI)," BHEL said in a statement. The company has signed a contract agreement with TERI for setting up of a cumulative 410 kWh Battery Energy Storage Systems (BESS) in the National Capital Territory (NCT) of Delhi, it... Read more.. Date : Aug 24 Source: ET Energy World
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State-owned NTPC gets Niti Aayog, DIPAM nod to set up renewable energy business armNew Delhi: State-owned power giant NTPC on Friday said it has received the approval of Niti Aayog and Department of Investment and Public Asset Management to set up a wholly-owned company for its renewable energy business. Now, NTPC will move to form a subsidiary firm for renewable energy business, as it has requisite approvals for the purpose. "...concurrence had been obtained from NITI Aayog and Department of Investment and Public Asset Management (DIPAM), Ministry of Finance for formation of a wholly-owned subsidiary for NTPC Renewable Energy Business," the power giant said in a BSE... Read more.. Date : Aug 24 Source: ET Energy World
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IIFL Home Finance launches next phase of green affordable housingNew Delhi: IIFL Home Finance on Thursday announced the launch of the sixth edition of 'Kutumb' initiative that focuses on promoting "green affordable housing". Green Affordable Housing has Asian Development Bank, German Agency for International Cooperation, Climate Bond Initiative, International Finance Corporation, Green Building Council of India and UK sovereign fund CDC as its partners. Considering government's focus on affordable housing, IIFL Home Finance through Kutumb aims to extend the mission of 'Housing for All' to 'Green Housing for All', IIFL Home Finance said in a release. In... Read more.. Date : Aug 24 Source: ET Energy World
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Amplus first solar power company to trade on IEX's Green Term-Ahead MarketNew Delhi: Amplus Solar today announced it had sold solar electricity in the open market on 20 August, becoming the first solar firm to trade on the newly launched Green Term-Ahead Market platform by Indian Energy Exchange (IEX). The exchange had launched GTAM on its power trading platform after receiving approval from the Central Electricity Regulatory Commission (CERC) on 17 August 2020. The platform provides avenues to renewable energy generators for sale of power through which buyers can meet their Renewable Purchase Obligations. "We see a great opportunity in the open electricity... Read more.. Date : Aug 24 Source: ET Energy World
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India to see natural gas share rise to 10 per cent by 2025: GAIL directorNEW DELHI: India may see the share of natural gas in its energy basket rise to 10 per cent by 2025 as a result of massive investment push in the creation of infrastructure to take the environment-friendly fuel to consumers, GAIL Director (Marketing) E S Ranganathan said on Friday. Currently, natural gas makes up about 6.2 per cent of the entire energy consumption in the country. Prime Minister Narendra Modi has set a target of raising the share of natural gas in the energy basket to 15 per cent by 2030 to cut carbon emission in the economy. "With gas demand (growing at) CAGR (of) 8 per... Read more.. Date : Aug 24 Source: ET Energy World
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Power ministry asks plants to charge late fee at less than 12 per cent per annumNew Delhi: The power ministry has advised all power generating companies and transmission companies to charge late payment surcharge from distribution utilities at a rate not exceeding 12% per annum for all payments made under the liquidity infusion scheme under Atmanirbhar Bharat. The move is aimed at easing the financial burden on power distribution utilities, an official statement said. “In general, the applicable rate of Late Payment Surcharges (LPS) is quite high despite the fact that interest rates in the country have softened over the last few years. The rate of LPS in many cases... Read more.. Date : Aug 24 Source: ET Energy World
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German bank agrees to support Andhra's energy efficiency endeavoursVijayawada: The state government has mooted plans to take global agencies on board to enhance energy efficiency by using latest technologies. The German state-owned funding agency KfW and development agency GIZ have responded positively to its request. KfW said in a letter to the energy department that Andhra Pradesh was progressing well in identifying opportunities of implementing different energy efficiency measures in several sectors like rural water supply, micro, small, medium enterprises (MSME), domestic, municipal and agriculture sectors. “The KfW and AP government share a common... Read more.. Date : Aug 24 Source: ET Energy World
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CM Nitish Kumar launches power projects worth Rs 4,855 crore in BiharPATNA: CM Nitish Kumar launched a series of power projects worth Rs4,855.37 crore through videoconferencing on Saturday. Of the total amount, Rs3,130.54 crore was spent on replacing rickety and old electrical wires in different parts of the state. Addressing the event, Nitish said the state government’s programme to provide electricity connection to all households under the ‘Har Ghar Bijli Lagataar’ programme ended in October, 2018, two months prior to the deadline for completing the project. All rickety wires across the state were replaced by the end of December, 2019. “Now, I wish that... Read more.. Date : Aug 24 Source: ET Energy World
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Indian solar projects hit as Chinese solar module prices rise for the first time since 2017Bengaluru: Prices of Chinese solar modules have increased for the first time since 2017, making Indian developers apprehensive about returns on their projects because they import about 85% of the equipment from China. Two unexpected events have led to the recent increase – an explosion and subsequent damage to the production line at GCL Poly, a Chinese giant that accounts for about 30% of the world’s poly-silicon production, and floods in China’s southeast that forced temporary closure of another Chinese poly-silicon producing heavyweight, Tongwei. These two developments disrupted the... Read more.. Date : Aug 24 Source: ET Energy World
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Solar projects equal to 40% capacity awarded since FebruaryNEW DELHI: India’s solar power space has emerged as a bright spot for investors amid the global slowdown, with contracts for 14,000 MW (mega watt) of new projects, roughly 40% of the current installed capacity, being awarded since the coronavirus pandemic hit the world, government data shows. Date : Aug 21 Source: Times of India
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HSBC launches 'green deposit' product for financing eco-friendly projectsMumbai: In a first of its kind initiative, British lender HSBC on Thursday launched a "green deposit" product with an explicit commitment to on-lend the accrued inflows to finance environmentally sustainable initiatives like renewable energy projects. The facility is available only to corporates and in a term deposit format, the bank, which has been in India for over a century, said. Financing of ecologically sensitive and sustainable initiatives has been a big concern given the higher investments needed for them upfront. A few products like "green bonds" which are subscribed by investors... Read more.. Date : Aug 21 Source: ET Energy World
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Discoms leave 16.8GW green power projects in a limbo as tariffs crashState electricity distribution companies (discoms) are hesitating to sign contracts after large clean power projects were awarded, as they spot cheaper tariffs elsewhere, a trend that could hurt India’s image of a rules-based regime, and its future as a green economy. Solar and wind energy projects totalling 16.8 gigawatts (GW) worth a potential investment of around ₹60,000 crore are in limbo, two people aware of the development said, as steadily falling tariffs prompt cash-strapped discoms to shop for cheaper rates. Discoms typically sign power supply agreements (PSAs) with intermediary... Read more.. Date : Aug 21 Source: Live Mint
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LET Hydrocarbon Engineering signs pact with NTPC for CO2-to-methanol plantsNew Delhi: L&T Hydrocarbon Engineering (LTHE) on Thursday said it has signed a memorandum of understanding with state-run NTPC to build a carbon dioxide (CO2) to methanol demonstration plant in NTPC Power Station. Under this pact, LTHE and NTPC will further collaborate to accelerate the development and subsequently commercialise CO2-to-methanol plants. "LTHE, a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed a memorandum of understanding with NTPC... wherein LTHE shall be the engineering, procurement and construction management partner to build CO2-to-methanol... Read more.. Date : Aug 21 Source: ET Energy World
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Delhi: Transport minister Gahlot holds meeting with RK Singh, says assurance given for subsidy to 1,000 electric busesNew Delhi: Delhi Transport minister Kailash Gahlot on Thursday discussed the issue of installation of charging stations as per AAP government's new Electric Vehicle policy with Union Power minister R K Singh and said the Centre assured that subsidy will be provided for 1,000 electric buses in the city. "Gahlot and Singh discussed installation of charging infrastructure in Delhi-NCR in the presence of officials from the state and Union government, as part of the recently launched Electric Vehicle policy," said a Delhi government statement. The first leg of the policy targets installation of... Read more.. Date : Aug 21 Source: ET Auto
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IEX to commence trading on green term ahead market from Aug 21New Delhi: Indian Energy Exchange on Wednesday said it proposes to commence operations on Green Term-Ahead Market from Friday. The exchange has already conducted mock trading session on August 18 which saw good participation from its members and partners, an IEX statement said. Power bourses- Indian Energy Exchange and Power Exchange of India received approval from the Central Electricity Regulatory Commission on August 17 2020 to launch the Green Term-Ahead Market (G-TAM). As a signatory to the Paris Climate Agreement 2016, India has committed to install 450 GW of renewable capacity by... Read more.. Date : Aug 20 Source: ET Energy World
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Maharashtra: MNGL’s green fuel project a hit in cityNashik: Over 15,000 households in the city have shown interest in getting piped natural gas (PNG) for their cooking needs. The state owned Maharashtra Natural Gas Ltd (MNGL) is creating infrastructure in the city to supply compressed natural gas (CNG) for vehicles and PNG for households. “We are carrying out an awareness among residential societies about the benefits of using PNG as cooking gas replacing the conventional LPG cylinders. Over 15,000 flat owners have envisaged interest in getting PNG connections at their homes. We are confident that this number would further swell,” said... Read more.. Date : Aug 20 Source: ET Energy World
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