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Sustainability Outlook Headlines

Cabinet approves agreement between India, Finland on environment protection

The government on Wednesday approved an agreement between India and Finland on cooperation in environment protection in both the countries.

The Cabinet, in a meeting chaired by Prime Minister Narendra Modi, approved the memorandum of cooperation between the two countries, which include partnership in air and water pollution prevention and purification, waste management and climate change, among others.... Read more..

Source: ET Energyworld

SECI’s manufacturing-linked solar bids put off, for fourth time

State-run Solar Energy Corporation of India (SECI) has postponed, for the fourth time, its first manufacturing-linked solar auction of 10,000 MW. The government’s earlier effort to stimulate local manufacturing of solar equipment through special auctions had run afoul of WTO rules and SECI, an arm of the ministry of new and renewable energy (MNRE), is keen not to repeat the same mistake.

“We have to be... Read more..

Source: ET Energyworld

Olectra-BYD to invest Rs 700 crore for electric buses in Uttarakhand

Electric vehicle manufacturer Olectra-BYD Thursday said it has signed an agreement with Uttarakhand government to deploy 500 AC Electric Buses in the state with an investment of Rs 700 crore. As per the pact, Hyderabad based Olectra Greentech in a strategic tie-up with China’s BYD Auto Industry will deploy the ‘Made in India’ eBuzz K7 (9 meter) and eBuzz K9 (12 meter) electric buses in the state.

Olectra-BYD... Read more..

Source: Financial Express

JSW Energy mulls expanding hydro portfolio

Sajjan Jindal-led JSW Energy is keen on putting money into hydro energy, both through acquiring stressed hydro assets as well as bringing its Kutehr hydro power project back on track despite India’s hydro power space scenario not looking optimistic.

JSW Energy’s greenfield hydel project, 240 MW Kutehr plant in Himachal Pradesh has been stalled since 2011 with only around 10 per cent of the project completed... Read more..

Source: The Hindu Business Line

Centre issues notification for e-flow of Ganga

Union Road and Transport Minister Nitin Gadkari on Wednesday issued a notification for the Environamental flows (e-flows) of Ganga with an aim to maintain the natural pattern of the river flow.

E-flows are a regime of flow in a river that mimics the natural pattern of the river's flows. It refers to the quality, quantity and timing of water flows required to maintain the components, functions, processes and... Read more..

Source: Business Standard

Honda to invest Rs 9,200 crore to set up hybrid, electric vehicles plant in India

Japanese auto major Honda plans to invest Rs 9,200 crore to set up its third factory in India to produce hybrid and electric vehicles, the Times of India reported adding that this is going to be the auto major's largest investment in India so far.

“India is one of the most critical markets for Honda globally, and we want to strengthen our operations here,” the daily quoted Honda Cars India president &... Read more..

Source: Times Now

ThomasLloyd acquires stake in SolarArise

European investment firm ThomasLloyd Group has acquired a stake in Delhi-based solar energy producer SolarArise India Projects Pvt. Ltd, marking its first transaction in the country.

The investment will help SolarArise expand its solar energy capacity by around 250 megawatt, ThomasLloyd said in a statement. It didn’t disclose financial details of the deal.

... Read more..

Source: VC Circle

Test run of Uttarakhand's first electric bus begins

Giving impetus to the policy encouraging pollution-free vehicles in Uttarakhand, Chief Minister Trivendra Singh Rawat on Tuesday flagged off the trial run of the hill-state's first electric bus here, a statement said. 

The Electric Vehicle Policy was framed by the Uttarakhand government with an aim to make the state an attractive destination for investment opportunities in electric vehicles manufacturing. ... Read more..

Source: ET Energyworld

Uttar Pradesh 500MW auction discovers tariff above Rs 3 per unit

Higher land and borrowing costs have kept solar power tariff above Rs 3 per unit in the 500 MW capacity auction conducted by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), a source said.

The Rs 3.17 per unit tariff is higher than lowest ever tariff of Rs 2.44 per unit discovered in solar energy project auctions in the country. Recently, in September, bidders quoted Rs 2.44 per unit for... Read more..

Source: Times of India

SECI extends bids for 150 MW floating solar project

In September, SECI issued a tender for 150 MW of floating solar to be developed over the Rihand Dam in the Sonbhadra district of Uttar Pradesh. In total, three 50 MW grid connected projects are set to be developed. It has extended the date of bid submissions to October 25.

To date, India has installed less than 1 MW of floating PV, but the 10 GW target indicated by SECI has set the foundation for rapid... Read more..

Source: PV Magazine

BHEL bags Rs 2,900 cr orders from NTPC for emission control equipment

 Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, today announced it has bagged four order worth Rs 2,900 crore from state-run power generator NTPC Ltd for supplying emission control equipment.

Under the contracts, won through competitive bidding, BHEL would supply and install Flue Gas Desulphurization (FGD) systems for control of Sulphur Dioxide emissions at NTPC's 1,... Read more..

Source: ET Energyworld

Maruti Suzuki India flags off field testing for proto-type Electric Vehicles

Maruti Suzuki India has flagged off proto-type Electric Vehicles for field test from the Company's Gurugram facility. The Electric Vehicles have been developed exclusively by Suzuki Motor Corporation, Japan and built at Maruti Suzuki, Gurugram facility.
This extensive real-life usage of the vehicles in multiple terrains and climatic conditions will help the company get valuable insights that will help in validation and successful launch of Electric Vehicle technology in India.

Source: Business Standard

Chinese turbine maker bags 2 orders in India

Chinese wind turbine manufacturer Envision Wind Power Technologies has bagged two orders from Indian wind energy companies.

The company is also close to introducing a 4.5-MW turbine, which will be the biggest to be offered for sale in India for onshore applications.

The first of the two orders won by... Read more..

Source: The Hindu BusinessLine

US keen to invest in India's infra, port, solar sector development : OPIC

The US government's development finance institution OPIC is keen to invest in the development of India's infrastructure, port and solar energy sectors, a top US official said Tuesday. 

Overseas Private Investment Corporation (OPIC) Executive Vice-President David Bohigian, who is visiting India, further said that India is a clearly the anchor of US government's Indo-Pacific strategy. 

... Read more..

Source: The Economic Times

Badarpur thermal power plant to shut down by October 15

The Badarpur thermal power plant will finally shut down this month with the Delhi government confirming that the Tughlaqabad sub-station will be ready in another two weeks. 

State-run NTPC has communicated to the government that the oldest power station in the capital will stop operating after October 15.

... Read more..

Source: ET Energyworld

Coal India inks pact with NLC for solar, thermal power diversification

As part of its plan to evolve into an energy company rather than just being a miner, Coal India has signed an initial agreement with NLC India for the formation of a joint venture (JV) company which will generate 3000 MW of solar and 2000 MW of thermal electricity.

In the proposed JV, both Coal India and NLC will have an equal stake and the total investment is estimated to be around Rs. 120 billion. In case... Read more..

Source: Business Standard

Greenko plans to buy Skeiron in Rs 3,500 crore deal

The Greenko group, backed by sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority, is in talks with Skeiron Renewable Energy to acquire 385 megawatt (MW) of wind projects at an enterprise value of around Rs 3,500 crore. The equity payout is expected to be around Rs 750 crore.

This comes against the backdrop of the Greenko group being poised to buy Orange Renewable from Singapore’s... Read more..

Source: Livemint

IL&FS puts wind energy unit on the block

Crisis-hit Infrastructure Leasing and Financial Services Ltd (IL&FS) has put up the assets of IL&FS Wind Energy for sale and mandated HSBC to find a buyer, two people aware of the development said. The 775 megawatt (MW) wind energy project portfolio, with an estimated value of around ₹ 4,500 crore, has been on the block for about a month. Last week, the government dissolved the board of IL&FS and appointed a seven-member board, led by Uday Kotak, managing director and chief executive of Kotak... Read more..

Source: Livemint

KSEB starts measures to install rooftop solar panels

Kerala state electricity board (KSEB) authorities in Kochi have started measures to facilitate installation of solar panels as part of Soura project.

Of the 6,000 applications received from consumers for installing rooftop solar plants across the state, majority are from Kochi.

Now, KSEB authorities are... Read more..

Source: ET Energyworld

Gujarat will soon tender 250 MW solar+storage capacity

Saurabhbhai Patel, Minister of Energy, Government of Gujarat, has announced that the state will soon issue a 250 MW grid-connected solar tender linked with storage. He also said that Gujarat will add more than 5 GW of new PV capacity in the next three years.

Addressing attendees at the ‘Showcase of Policy Initiatives by Gujarat’, during Re-Invest 2018, Saurabhbhai Patel, Minister of Energy, Government of... Read more..

Source: PV Magazine

BHEL plans to roll out e-buses by March under new e-mobility portfolio

Bharat Heavy Electricals limited (BHEL), Trichy, which is acclaimed for its high-pressure boiler manufacturing of thermal power plants, is set to foray into electric bus (e-bus) manufacturing. With this, it has added e-mobility to its business portfolio.

The company foresees potential business opportunity and has decided to get technology support from NIT Trichy to manufacture electric buses. BHEL plans to... Read more..

Source: ET Energyworld

Sembcorp commissions 250 MW wind power project in Tamil Nadu

Sembcorp Energy India (SEIL) and Suzlon Group Friday announced completion of a 250 MW wind power project, which was the first wind energy project auctioned by the Solar Energy Corporation of India (SECI). 

The wind power project was dedicated to the nation by Power and New & Renewable Energy Minister Raj Kumar Singh at the 2nd Global RE-INVEST summit at Greater Noida, a company statement said. ... Read more..

Source: ET Energyworld

Chennai metro installs solar panels on 4 station roofs

The Chennai Metro Rail Limited (CMRL) has installed solar panels on the roof of four metro stations and also at Koyambedu metro depot to harness solar energy.

CMRL joint director S. Pandian in a statement said CMRL is very committed to achieving energy security, to reduce carbon emission and to promote the green energy concept by generating renewable energy. Four stations, namely Thirumangalam, Anna Nagar... Read more..

Source: Deccan Chronicle

Lux Industries Dankuni unit become solar powered

Lux Industries Limited has recently installed a solar unit at its plant in Dankuni, the industrial city near Kolkata. 

The initiative, entailing an investment of Rs 5 crore, is expected to help the company cut down on its electricity costs by 40 - 50 %. Installation of 1 megawatt solar panels at Dankuni unit would generate approximately 13 lakh kwh of energy per annum, a company release stated. ... Read more..

Source: The Economic Times

Greenko-Orange deal back on the table

Greenko Group is back in the running to buy Orange Renewable from Singapore’s AT Capital Group for about $925 million, in what may rank among the biggest ever deals in India’s renewable energy space, said two people aware of the development. An official announcement on the deal is likely to be made shortly, said the two people, who did not wish to be named.

Greenko Group, backed by sovereign wealth funds GIC... Read more..

Source: Livemint