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Sustainability Outlook Headlines

EESL offers 40% e-car order to Mahindra & Mahindra if it matches Tata bid

NEW DELHI: A week after awarding a Rs 1,120-crore order for electric cars to Tata Motors, state-run Energy Efficiency Services Ltd has offered to give 40% of the order for 10,000 e-vehicles to Mahindra & Mahindra provided it matches the former’s bid. 

“Following due procedure, we have written to Mahindra today, asking them to match Tata's bid,” Saurabh Kumar, managing director at Energy Efficiency... Read more..

Source: The Economic Times

Power Ministry to meet states on Oct 4 for Saubhagya implementation

NEW DELHI: The Union power ministry will hold a meeting with states on Wednesday to formalise the implementation strategy for the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya). 

The meeting will discuss the present status of household electrification, state-wise existing schemes, states' preparedness and implementation plans, a senior government official said. 

... Read more..

Source: The Economic Times

UP Govt Plans Partnership With Finland for Smart City, Solar Power Projects

The delegation, led by Finland's minister for environment and energy Kimmo Tiilikainen, discussed a wide range of development projects related to renewable energy, bio-fuel, electric vehicles, smart grid and smart cities.

Lucknow: Uttar Pradesh chief minister Yogi Adityanath met with a delegation from Finland on Tuesday as the government hopes to build a partnership to work on smart city and solar energy... Read more..

Source: News18

NGT tells government to list steps taken to clean Yamuna

Steps are being taken to clean the river and the flood plains of Yamuna after the festive season and the immersion of idols

Following the immersion of Ganesha and Durga idols in Yamuna, the National Green Tribunal (NGT) has directed the Delhi government to give a detailed affidavit, enumerating the steps taken by the government to clean the river.

... Read more..

Source: DNA India

Brihanmumbai Municipal Corporation: Start waste management by Oct 10 or face action

The civic body, however, had given three months to start the waste management at source, provided they submit a detailed plan to the corporation

With no clarity on the nature of action to be taken against housing societies for not complying with Brihanmumbai Municipal Corporation's (BMC) decision regarding mandatory waste segregation and composting of wet waste at source, the civic body has given a deadline of October 10 to either start waste processing or submit a plan in writing.

... Read more..

Source: DNA India

India occupies the top spot on WEF's Greendex among 18 countries

We are starting to witness the penalty for unsustainable lifestyles and patterns of production and consumption. As the human population is exploding, resources are shrinking.

Concerns loom everywhere, from declining pollinators affecting food security, to air and water pollution affecting the quality of life, and land shortage and degradation affecting both agriculture and biodiversity.

... Read more..
Source: World Economic Forum

Goa's ambitious Solar Policy to be notified this week: Power Minister

Goa government will notify its ambitious Solar Policy, which aims at generating 150 MW of power by the year 2022, this week.

The draft policy was approved by the state cabinet in July this year after which it was open for suggestions from the general public and stakeholders.

"The Solar Policy will be... Read more..

Source: ET Energyworld

Tamil Nadu cancels 500 MW solar auction held in Jan-Feb

Tamil Nadu has cancelled an auction it held in January-February to allot 500 MW of solar projects, because the state-run power distributor found the winning bid of Rs 4.40 per kwH too high, one of the developers said. 

The developer, who had won a contract in the January-February auction, said this was verbally communicated to him, followed by a letter asking his company to take back the bank guarantee it... Read more..

Source: The Economic Times

Lucknow electricity body mulls capacitor banks to save energy loss, cut bills

 Lucknow Electricity Supply Administration (Lesa) is mulling installation of capacitor banks close to the meter of households that have a power load of 5kW to ensure energy efficiency.

This step will not just cut down on end-point consumption losses, but also result in savings on power bills. The device also improves voltage supply and reduces the flow of current in the circuit.

... Read more..

Source: ET Energyworld

Two floating solar projects of 10 MW each to come up by next year

Two floating solar projects with the capacity of 10 MW each are coming up in Andhra Pradesh and Kerala to harness unutilised water bodies. "Two 10 MW floating solar projects, which will be the largest so far in the country, will come up in Andra Pradesh and Kerala. We are carrying out the design," leading renewable energy expert and head of Arka Renewable Energy College, S P Gon Chaudhury told . "The Andra Pradesh project is expected to be commissioned new year. Location for the Kerala project is yet to be... Read more..

Source: The Economic Times

Sembcorp Industries planning IPO of its India business

Singapore-based power producer Sembcorp Industries Ltd is preparing to list its Indian unit, according to two people aware of the plan.

“It can be either listed here in India or elsewhere,” said one of the people, requesting anonymity. The other person, who also did not want to be named, confirmed the initial public offering (IPO) plan.

... Read more..

Source: livemint

Canadian Solar said to explore sale of Indian power assets

Canadian Solar Inc., a maker of solar panels, is exploring the sale of its Indian solar power assets, worth around 108 megawatts (MW), two people aware of the development said.

“Canadian Solar is a panel maker and the building and owning of assets is not a core business for them. Panel makers generally create such capacities as a showcase for their panels and they generally keep building and selling such... Read more..

Source: livemint

ACME Solar files IPO papers with Sebi to raise Rs 2,200 crore

Renewable energy firm ACME Solar Holdings has filed preliminary papers with Sebi to raise Rs 2,200 crore through an initial public offering, according to draft papers filed with the markets regulator.

Funds raised through the issue would be used to pay debt and to finance the company's 200 MW solar power project in Rajasthan and for other general corporate purposes.

... Read more..

Source: ET Energyworld

Tata Motors bags order for 10,000 electric vehicles from Centre

State-run Energy Efficiency Services Ltd (EESL) today said it will procure 10,000 electric vehicles from Tata Motors after a competitive bidding.

Tata Motors will supply the electric vehicles (EVs) in two phases with 500 e-cars in the first phase in November 2017 and the remaining 9,500 EVs in the second phase, EESL said in a statement.

... Read more..

Source: ET Energyworld

China sets target for electric car quota but delays rollout until 2019

China has stepped up pressure on automakers to accelerate development of electric cars by raising the first-year target for a planned system of production quotas but delayed its rollout from next year until 2019.

China has the world's most aggressive government plans to promote electric cars. Communist leaders see them as a way to clean up China's smog-choked cities as well as a promising industry.... Read more..

Source: ET Energyworld

Greenko makes $2.1-billion bid for Reliance Infrastructure’s Mumbai Power business

Greenko, backed by Singapore’s GIC and Abu Dhabi Investment Authority, has sought to acquire Anil Ambani-led Reliance Infrastructure’s flagship Mumbai electricity business for an enterprise value of Rs 13,000-14,000 crore ($2.15 billion), said people aware of the matter.

Torrent and Adani Group as well as Prem Watsa’s Fairfax Group are believed to be circling the same target, long considered an... Read more..

Source: ET Energyworld

EU Launches Tool to Embed Circularity, Sustainability into Built Environment

The European Commission has launched the pilot of a new framework for sustainable buildings in partnership the World Green Building Council.

Developed as an EU-wide framework of core sustainability indicators for office and residential buildings, Level(s), an Assessment Framework Aiming to... Read more..

Source: Sustainability Brands

Maharashtra's Dhule district to house 500 Mw solar park

The Maharashtra government, in a bid to strengthen its footing in the renewable energy segment, is planning to set up a 500-Mw solar park in Dhule district.

“We already have 1,000 acres available to set up a 250-Mw solar park,” Arvind Singh, principal secretary (energy), Maharashtra, said on Thursday. 

“We... Read more..

Source: Business Standard

Light to finally shine on 'solar city' project in Kochi

The Solar City project, mooted four years back, to install solar energy systems to power streetlights, garden lights, homes, hotels and restaurants, and major administrative offices in the Kochi Corporation will soon get a fresh lease of life when the civic body comes up with an action plan for implementing the project.  Implementing agency, International Council for Local Environmental Initiatives (ICLEI), had now prepared a solar city master plan for the project, which was at a standstill. ... Read more..

Source: The New Indian Express

ADB expands clean energy projects in India with AIIB cofinancing

The Asian Development Bank (ADB) today said it has agreed to finance additional power transmission network components with co-financing from the Asian Infrastructure Investment Bank (AIIB).

The project will connect with an ADB-financed Green Energy Corridor and Grid Strengthening Project in India, the multilateral agency said in a statement.

... Read more..

Source: ET Energyworld

Ireda prices its green masala bonds at 7.23% to raise $300 million

The Indian Renewable Energy Development Agency (Ireda) is believed to have priced its green masala bonds at 7.23% to raise close to $300 million, sources aware of the deal have confirmed with FE. A masala bond is a rupee-denominated bond issued in the overseas market. A green bond is used to raise money to fund green projects. Ireda’s masala bonds have a tenure of five years. “This issue marked a successful re-opening of the masala bond market. It saw widespread participation from existing masala bond... Read more..

Source: Financial Express

India among highest greenhouse gas emitters in 2016, big coal consumer

Despite the Narendra Modi government’s claims of being committed to the Paris Climate Agreement, India registered one of the largest increases in greenhouse gas (GHG) emissions in 2016, in contrast to the other major emitters, which either saw decreases or stable emissions.

India’s greenhouse gas emissions rose by an alarming 4.7% in 2016, compared to the previous year, the report released by Netherlands... Read more..

Source: Hindustan Times

NTPC tenders 225MW of solar under DCR in Uttar Pradesh

India’s largest utility NTPC has tendered 225MW of solar using local content rules at Billhaur in the state of Uttar Pradesh.

The tender comes under the Domestic Content Requirement  (DCR) category, which mandates equipment to be sourced locally.

The tender is for design, engineering, manufacturing, supply... Read more..

Source: PV-Tech

Gujarat ignites aim to be hub of electric and hybrid vehicles

After having made its mark on India's auto manufacturing map, Gujarat is now hoping to emerge as the preferred destination for the production of electric and hybrid vehicles.

JSW Energy has already announced its plans to set up an electric car plant in Gujarat. Suzuki Motor Corporation and MG Motor India, a subsidiary of China's SAIC Motor Corporation Limited, may also make electric or hybrid vehicles at... Read more..

Source: ET Energyworld

Indian Energy Exchange IPO to open on 9 October

Indian Energy Exchange Ltd’s (IEX’s) initial public offering will be open for subscription from 9 to 11 October, according to a draft red herring prospectus (DRHP) dated 26 September.

The IPO will see a sale of 6,065,009 equity shares by existing shareholders including Tata Power Co. Ltd, Aditya Birla Group’s private equity arm , Madison India Capital and Multiples Alternate Asset Management Pvt Ltd. The... Read more..

Source: livemint