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Sustainability Outlook Headlines

Green energy tariffs will fall further, help achieve targets: MNRE Secretary

 Renewable energy tariffs that have already tumbled to a record low will fall further and help India achieve its ambitious targets for generating green electricity, renewable energy secretary Anand Kumar said. However, project developers said they don’t expect wind power to get any cheaper.

Developers offered to supply power at Rs 2.64 per unit to win wind energy projects at an auction conducted by Solar... Read more..

Source: ET Energyworld

EESL to install over 48,000 LED street lights in Gurugram

State-owned Energy Efficiency Services Limited (EESL) today signed an agreement with Municipal Corporation of Gurugram to install 48,568 street lights under the Street Lighting National Programme (SLNP).

“EESL shall replace over 48,568 conventional street lights with LED lights, which would lead MCG to save approximately 13 million units of electricity annually,” EESL said in a statement. The implementation... Read more..

Source: ET Energyworld

Government calls for speedy implementation of power sector schemes in J&K

Union Minister of State for Power R K Singh today pitched for speedy implementation of various schemes being undertaken in Jammu and Kashmir's power sector for realising the Prime Minister's initiative of providing electricity to every household by December 2018.

Singh asked the concerned officials to take necessary measures for ensuring that the Prime Minister's initiative of 'power for all' is realised and... Read more..

Source: ET Energyworld

Asian NGOs push for zero waste programs

Non-Government organizations (NGO) working with 16 cities across Asia have pledged during the recently held “Our Ocean Conference” in Malta to prevent nearly one million tons of waste from entering the environment through zero waste programs.
More than 868,000 tons of waste annually—including more than 173,000 tons of plastic —are being released into the environment.

All belonging... Read more..

Source: Manilatimes

U.S. formally proposes scrapping Obama's carbon-cutting plan

The head of the U.S. Environmental Protection Agency formally proposed on Tuesday to scrap the agency's Obama-era plan to reduce greenhouse gas emissions from power plants, as the Trump administration seeks to slash fossil fuel regulation.

EPA Administrator Scott Pruitt issued a notice that the agency intended to repeal the Clean Power Plan, which it said relied on controversial calculations of economic costs and benefits.

... Read more..

Source: ET Energyworld
Subject Tags: Clean Power Plan, EPA, USA

Cabinet nod to climate change policy in Maharashtra

The state cabinet has given its approval to the state’s climate change adaptation policy on Tuesday that focuses on developing the environment friendly villages and cities in the state. The state government has also decided to set up a separate cell to oversee the implementation of the policy. Officials from the environment department said the Centre had asked the states to prepare the state action plan on the climate change after the national action plan on climate change was made public in 2008. The state... Read more..

Source: Indian Express

World’s first 2 mm tempered solar glass facility opens in Bharuch

The world’s first fully tempered 2 mm solar glass production facility was inaugurated at Govali plant of Gujarat Borosil in Bharuch on Monday. It was was inaugurated by principal scientific advisor to Government of India and Padma Vibhushan awardee Dr R Chidambaram.

“Production of 2 mm fully tempered solar glass will increase efficiency of the solar modules. This would further lower the cost of power and... Read more..

Source: ET Energyworld

Substantially reducing emission intensity of GDP: India

India today said it is substantially reducing the emission intensity of GDP, tapping non-fossil fuel energy sources and creating additional carbon sink to fulfil its commitment towards global fight against climate change.

Participating in a debate on sustainable development in the second committee of the General Assembly, First Secretary at the Permanent Mission of India to UN, Ashish Sinha said that climate... Read more..

Source: Economic Times

M&M in talks with Karnataka for investments to expand EV unit

Mahindra & Mahindra is in talks with the Karnataka government for further investments in the state as it looks at expanding capacity in its electric vehicles division Mahindra Electric. Karnataka’s large and medium industries minister RV Deshpande said he had a meeting with M&M chairman Anand Mahindra on Friday to discuss proposal.

“They’re also looking at Karnataka to invest,” he said. In a first,... Read more..

Source: ET Energyworld

PFC to raise 1 billion in overseas debt

State-run PowerFinance Corporation (PFC) will be hitting the overseas debt market with a USD 1-billion medium term note programme shortly. International rating agency Fitch has assigned a BBB- negative rating to the issue.

The programme is rated in line with PFC's long-term issuer default rating as issues under the programme will constitute direct, unconditional, unsubordinated and unsecured obligations of... Read more..

Source: ET Energyworld
Subject Tags: Financing, India, PFC

India to build natural gas trading platform: Dharmendra Pradhan

India will soon build a natural gas trading platform, which will help lead to transparent pricing and encourage investment in the sector, Oil Minister Dharmendra Pradhan has said.

Most gas produced in India today is governed by a government-set price formula and certain sectors such as fertilizer and city gas get priority over others as gas consumers, mainly because local production is low and half of the... Read more..

Source: ET Energyworld

South Africa to introduce climate change legislation

 South Africa will introduce a climate change legislation by 2018, as part of its commitments to the Paris Agreement, the Parliament has said.

The Parliament has been informed of this development by the Department of Environmental Affairs (DEA), Parliament's Portfolio Committee on Environmental Affairs (PCEA) said on Tuesday, Xinhua news agency reported.

... Read more..

Source: ET Energyworld

Ganga mission nod for ₹700-cr worth projects

The National Mission for Clean Ganga (NMCG) on Monday approved eight projects worth over ₹700 crore, four of which were for setting up sewage treatment plants (STPs) in Bihar, Uttar Pradesh and West Bengal.

Among others were three bio-remediation projects for treating drains dumping wastewater into the Ganga and one for inventorisation and surveillance of the river, a release issued by the Ministry of Water... Read more..

Source: The Hindu

Reliance Commercial Finance inks agreement with IREDA for Rs 300 cr loan

Reliance Commercial Finance Ltd on Monday said it has signed an agreement with Indian Renewable Energy Development Agency Ltd (IREDA) for Rs 300 crore loan.

In a statement, the company said the IREDA loan will be used to lend to renewable energy and energy efficiency projects.

The Reliance Commercial... Read more..

Source: ET Energyworld

State guarantee for procurement of solar power from Rewa Ultra Mega Solar Project by the state DISCOMs was signed

The State guarantee for procurement of solar power from Rewa Ultra Mega Solar Project by the state DISCOMs was signed on Monday.

The Guarantee is a unique initiative by the state Government of Madhya Pradesh for Payment Security Mechanism, which had a great role to play in the phenomenally low tariff achieved by the Rewa Project.

... Read more..

Source: Daily Pioneer

Indian Energy Exchange IPO subscribed 15% on Day 1

The initial public offer (IPO) of Indian Energy Exchange was subscribed 15 per cent on the first day of bidding today. 

The IPO to raise Rs 1,001 crore received bids for 6,53,022 shares as against the total issue size of 60,65,009 shares, data available with the NSE showed. 

The portion meant for qualified... Read more..

Source: Economic Times
Subject Tags: Energy Exchange, IEX, India, RECs

Wartsila set to tap India’s solar power potential

The 5-billion euro Finnish energy systems provider, Wartsila, is looking to develop India as its biggest Asian market for battery storage solutions, given the huge potential from the country's solar power play, a top global executive told ET. 

India's solar-power capacity has grown exponentially to around 14 gigawatts (GW) and the government has set an ambitious target of 100 GW by 2020, but storage has been... Read more..

Source: Economic Times

Status of energy sector in India highly uneven; scope for reform: PM Narendra Modi

Prime Minister Narendra Modi said today that the status of the energy sector in India was highly uneven and the scope for reform in many areas still exists.

At an interaction here with oil and gas CEOs and experts from across the world, he welcomed the suggestion made for a comprehensive energy policy, according to a PMO press release. 

... Read more..

Source: Economic Times
Subject Tags: energy sector, India, Niti Aayog

Light-filtering paint cools your home when exposed to hot sun

The sun itself could soon become a low-cost air conditioner. A high-tech paint that actually cools when exposed to sunlight can provide a better way to chill buildings – and perhaps even solve the long-standing problem of cooling things in space.

In hot weather, electricity consumption soars as people turn on the air conditioning, pushing the grid to its limits and raising energy bills. Now Yaron Shenhav and... Read more..

Source: New Scientist

US firm challenges Tamil Nadu wind energy auction in High Court

A US-based renewable energy company has moved the Madras High Court challenging the recent wind auction held by Tamil Nadu government, claiming that its bid was unfairly rejected even though it had quoted a tariff lower than the winning bid.

The Tamil Nadu Generation and Distribution Co (Tangedco) held a 500 MW wind auction in end-August where the winning price was Rs 3.42 per kWh. Evergreen Renewables, a... Read more..

Source: ET Energyworld

Shell India launches accelerator programme for energy startups in the clean-tech, mobility and energy efficiency solutions segments

Oil and energy major Royal Dutch Shell Plc’s Indian arm has launched the maiden edition of its pan-India accelerator programme for energy startups, a company statement said.
Christened Shell E4 (energising and enabling energy entrepreneurs), the programme will support early-stage, pilot or post-pilot stage startups in the energy space, the statement added.

“The Shell E4 Programme provides a platform for... Read more..

Source: VC Circle

L&T wins government order to supply 2.5 million smart meters

Infrastructure major Larsen & Toubro (L&T) has won half of the government's order to supply 5 million smart metres for its energy efficiency programme, according to a top executive of Energy Efficiency Services Limited (EESL), the company that conducted the tender. 

The smart metres are being procured as part of the government’s smart grid project, which is aimed at improving power distribution... Read more..

Source: Economic Times

European Investment Bank signs partnership pact with Solar Alliance

The European Investment Bank today inked a partnership agreement with International Solar Alliance for an 800 million euro financial aid to support India's clean energy project.

The partnership between the two bodies will mobilise finance to develop affordable solar energy in countries that get ample sunlight.

... Read more..

Source: ET Energyworld

Essel Infra commissions 55 Megawatt solar projects in UP, Karnataka

Essel Infraprojects Ltd (EIL) today said it has commissioned 55 MW capacity solar projects in Uttar Pradesh and Karnataka.

The company is already managing 165 MW capacity solar projects in the country, a company statement said.

It also said as part of its commitment towards generating green energy, Essel... Read more..

Source: ET Energyworld

Rural Electrification Corp agrees to reduce interest rate on loan to Andhra by 2 per cent

Rural Electrification Corporation (REC) of India has agreed to reduce the interest rate on loans to be given to Andhra Pradesh by 2 per cent.

The chief secretary of the state thanked the REC for the help that would benefit exchequer up to the extent of Rs. 200 crore per annum. REC Chairman and Managing Director Dr... Read more..

Source: ET Energyworld