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Sustainability Outlook Headlines
Power ministry invites bids for transmission projects to evacuate renewable energy in TN, GujaratThe power ministry has invited bids from companies for setting up transmission infrastructure to evacuate power from renewable energy projects of 2,500 Megawatt capacity in Tamil Nadu and 2,000 Mw projects in Gujarat. The transmission system is to be set up for renewable energy sources in Karur-Tiruppur wind energy zone in Tamil Nadu through tariff-based competitive bidding. The ministry has selected PFC Consulting as bid process coordinator and the selection will be on the basis of build, own, operate and maintain (BOOM). The transmission project in Gujarat will provide connectivity to 2,... Read more.. Date : Dec 27 Source: ET Energy World
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Insufficient funds hit Delhi govt’s solar scheme for resident welfare associationCooperative group housing societies in Delhi wishing to install solar panels on rooftops through the Mukhyamantri Solar Rooftop Yojana scheme are struggling to get funding or installations done free of cost, which are guaranteed by the project. Under the scheme launched in 2018, housing societies opting for the Renewable Energy Service Co (RESCO) model will get solar panels installed for free by solar developers in return for a commitment to keep them in place for 20-25 years. At the Arya Group Housing Society in Patparganj, the resident welfare association (RWA) planned to install solar... Read more.. Date : Dec 27 Source: The Indian Express
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Power Exchange bets on renewable energy; to focus on revival of REC marketPower Exchange India Limited (PXIL), the power trading platform of National Stock Exchange (NSE), is putting its bets on renewable energy after its re-launch. It will focus on reviving the Renewable Energy Certificates (REC) market which has been facing tepid interest from the market. PXIL faced financial crisis in 2017 when its net worth eroded and promoters of NSE and NCDEX wanted to shut it down prior to NSE's proposed initial public offering (IPO). “Promoters have been keen that they develop different market places. The catch-22 situation was erosion of net worth and finding external... Read more.. Date : Dec 27 Source: Business Standard
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Zoomcar prepares to be electric vehicle-driven by 2025, plans expansionSequoia Capital and Mahindra & Mahindra backed self-driving car rental Zoomcar is betting on the electric vehicle (EV) segment and plans to add 2,500-3,000 more EVs. The Bengaluru-headquartered firm currently operates a fleet of 500 EVs, which it claims is growing four times year-on-year. The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month. It is soon planning to add new Tata Nexon to its fleet of EVs. “Electric vehicles will continue to... Read more.. Date : Dec 27 Source: Business Standard
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To minimise carbon footprints, Zoho sets up solar farm to power its operationsIn a bid to cushion the impact of tech development on the environment and minimise its carbon footprints, Software-as-a-Services (SaaS) firm Zoho has set up a 5-megawatt on-grid solar energy farm near Trichy to power its offices and data centres. Located at the village of Abinimangalam near Trichy, while the solar plant serves local power needs of the region in an agreement between Zoho and TN’s electricity authorities, the company is then offered credits to set off against their own energy consumption. “This helps in saving approximately 7,200 tonnes per year of carbon dioxide emissions.... Read more.. Date : Dec 27 Source: ET Energy World
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Electric 3-wheeler market hots up as cos look at alternate mobilityThe electric three-wheeler market is suddenly red hot right now as a host of technology startups and vehicle manufacturers look to enter alternative mobility. First, Chetan Maini co-founded Sun Mobility announced its tieup with Piaggio to launch electric Ape three wheeler variants on their swappable battery architecture. Now Bengaluru-based Altigreen is all set to roll out cargo and passenger three-wheelers based on their own patented drivetrain platform through ‘multiple’ OEM partnerships. While Amitabh Saran, CEO, Altigreen Propulsion Labs is tightlipped, industry sources say tieup talks... Read more.. Date : Dec 27 Source: ET Energy World
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Household electrification benefits men more than women in India: StudyAs new areas gain access to basic levels of electricity, men in these households tend to dominate its use, according to a study conducted in India which suggests that men benefit more than women from such access. The study, published in the journal Nature Sustainability, highlights intra-household power dynamics as an important factor to consider for enabling more equitable energy access in developing countries. Until now, scientists believed that with better electricity access in the developing world, less time and effort was needed for tasks related to cooking, water collection, and... Read more.. Date : Dec 27 Source: Business Standard
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Kia Seltos Electric Being Developed For Asian MarketsKia Motors entered India with the Seltos compact SUV and the model has hit the jackpot with over 80,000 bookings since launch. The carmaker has its hands full with the strong domestic and export demand for the SUV and the model has helped Kia establish itself as the fifth-largest auto manufacturer in India. However, the Seltos still has a lot to offer it seems and the model will soon have an electric derivative. According to a recent report, the Kia Seltos Electric is currently under development and will make its way to the market in 2020. The Kia Seltos EV will be revealed in the coming... Read more.. Date : Dec 26 Source: NDTV Car and Bike
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Renault to stop making diesel car in India as it readies for BS VIWith the country moving to BS VI fuel emission standards, French automobile maker Renault has decided to stop manufacturing diesel cars by the end of this year. The company said it does not make sense for it to sell diesel vehicles in the personal segment. It plans to launch three vehicles by 2022, including a sub-4-meter SUV in the second half of next year and an EV by 2021. The company started exporting its recently launched sub-4-meter car to South Africa, after selling over 20,000 units in India. It expects Triber sales to grow to 40,000 next year. The BS VI version of the model is... Read more.. Date : Dec 26 Source: Business Standard
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Policy action needed to boost green financing: RBIThe Reserve Bank of India said that “policy action is needed” to set up an enabling framework to promote green financing in India. The development of green financing—funding of environment-friendly sustainable development— faces many challenges including false compliance claims, non-standard definitions of what constitutes green loans, and maturity mismatches between long-term green investment and relatively short-term interests of investors, the RBI said in its report. “Deepening of corporate bond market, standardisation of green investment terminology, consistent corporate reporting, and... Read more.. Date : Dec 26 Source: Financial Express
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Over 1,000 experts call for global action on 'depleting' groundwaterNearly 1,100 scientists, practitioners and experts in groundwater and related fields from 92 countries have called on the governments and nongovernmental agencies to "act now" to ensure global groundwater sustainability. In a statement, the group noted that groundwater represents 99 per cent of the Earth's freshwater. This makes it critical for supplying drinking water, ensuring food security, adapting to climate variability, supporting biodiversity, sustaining surface water bodies and meeting the UN's Sustainable Development Goals (SDGs). "Unfortunately, in many regions, groundwater is... Read more.. Date : Dec 26 Source: Telegraph India
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Renewable energy MoU with Saudi Arabia gets cabinet nodThe Union Cabinet chaired by Prime Minister Narendra Modi has approved a Memorandum of Understanding between India’s Ministry of New and Renewable Energy and Saudi Arabia’s Ministry of Energy for cooperation in the field of renewable energy. The MoU aims at setting up a framework for cooperation between the two countries in renewable energy. This includes helping Saudi Arabia increase the efficiency of renewable energy in its national energy mix. The MoU covers development of renewable energy projects, upgrading the level of related technologies and their applications, as well as... Read more.. Date : Dec 26 Source: PV Magazine India
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PM Modi launches Atal Bhujal Scheme for efficient groundwater management in 7 StatesPrime Minister Narendra Modi on Wednesday launched a new project for improving groundwater management in 8,350 village in seven States where groundwater levels are critically low. The Rs 6,000-crore, five-year-long project will be named after former prime minister Atal Bihari Vajpayee, whose 95th birth anniversary fell on Wednesday. These villages are in 78 districts in the States of Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh. It is being designed with the principal objective of strengthening the institutional framework for participatory... Read more.. Date : Dec 26 Source: The Hindu Business Line
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NITI Aayog to launch 2nd edition of SDG India Index on Dec 30NITI Aayog will launch the second edition of the Sustainable Development Goals, SDG India Index on 30th of this month in New Delhi. The SDG India Index documents the progress made by India’s States and Union Territories towards implementing the 2030 SDG targets. The SDG India Index and Dashboard 2019-20 have been developed in collaboration with the Ministry of Statistics and Programme Implementation, the United Nations in India, and the Global Green Growth Institute. The SDG India Index will be launched by Vice Chairman NITI Aayog Dr Rajiv Kumar, in the presence of Members Dr Ramesh Chand... Read more.. Date : Dec 26 Source: All India Radio
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NTPC to invest Rs 50,000 crore to add 10GW solar energy capacity by 2022State-owned power giant NTPC is planning to add 10GW of solar energy generation capacity by 2022, which entails an investment of around Rs 50,000 crore, to be funded mainly by green bonds, a source has said. At present, NTPC has installed renewable energy capacity of 920 MW, which includes mainly solar energy. It has formulated a long term plan to become a 130 GW company by 2032 with 30 per cent non-fossil fuel or renewable energy capacity. "The company will complete tendering of 2,300 MW of solar energy capacity by the end of this fiscal. Thereafter it has planned to add 4GW each in 2020-... Read more.. Date : Dec 26 Source: ET Energy World
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SIAM, SMEV welcome electric vehicle policy of Delhi govtAuto industry body SIAM on Tuesday said the electric vehicle policy announced by the Delhi government would help encourage consumers to adopt electric vehicles. Some of the welcome announcements in the policy include measures which would make electric vehicles affordable and acceptable, Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement. These include purchase incentives, interest subvention, scrappage incentive, waiver on road tax, waiver on registration and parking fees and measures to push charging infrastructure, he added. Similarly,... Read more.. Date : Dec 26 Source: Business Standard
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Tenders floated for setting up solar panels on Tamil Nadu govt buildingsThe Central Electronics Limited, a public sector undertaking, has floated tenders to set up rooftop solar power panels on government buildings across Tamil Nadu. This follows Tamil Nadu Energy Development Authority (TEDA) and Energy Efficiency Services Limited signing an agreement in this regard in September. More than 1.6MW capacity rooftop solar panels are to be installed atop government buildings in the state. Captive solar power generation would help many government departments, which are among the worst defaulters of power bills, to avoid depending fully on grid power. It could also... Read more.. Date : Dec 26 Source: ET Energy World
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Gujarat: Electric scooter ready for roll outSoon you will be able to whisk your way at tourist spots, college campuses and townships with the wind blowing on your face, facing the morning sun as you commute 25-30km on a single charge using an electric kick-start scooter. The scooter is developed by a startup incubated by Gujarat University Startup and Entrepreneurship Council (GUSEC), was launched on Tuesday. The vehicles are meant for rental-based electric transportation and Gujarat University shall be the first campus in South Asia to implement such technology, mentions a press statement by GUSEC. The product, which was launched... Read more.. Date : Dec 26 Source: ET Energy World
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Haima Automobile confirms India entryLate in November 2019, we told you that Great Wall Motors will be joined by another Chinese carmaker at Auto Expo 2020 – Haima Automobile. Today, we have official confirmation from Haima about its plans for an India entry. Speaking to Autocar India, a company spokesperson said, “It is certain that Haima Automobile Group, a three-decade-old pioneer passenger car manufacturer from China, is all set to make its foray into the Indian automotive sector.” Haima is in the process of firming up its plans for the Indian market, and is currently in talks with the central and state governments. “... Read more.. Date : Dec 26 Source: AutoCar India
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Canadian EV start-up begins India operationsEncouraged by the latest EV policy announcements by the Indian government, MakerMax System, a start-up dedicated to advanced lithium battery technologies and online EV education, has expanded its operations in India with a series of new products and services. A recently launched product is an indigenously developed desktop model of the AI-enabled battery analyser CCAX4 for R&D labs, battery pack and BMS developers and comes at a fraction of cost of imported equivalents. The battery is the costliest component of an EV and perhaps the most unpredictable. All the stakeholders in the chain... Read more.. Date : Dec 26 Source: AutoCar Professional
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Delhi cabinet approves policy on electric vehicles to curb pollutionThe Aam Aadmi Party (AAP)-led Delhi government on Monday approved a policy on electric vehicles (EVs) with a focus on two-wheelers, shared transport vehicles, and commercial vehicles to lead the change to electric mobility, at a time when the state is grappling with severe levels of pollution. “Pollution levels are very high in Delhi and vehicles contribute a lot to that. We had circulated the first draft in November 2018. After several rounds of discussions, this policy has been made. By 2024, we want that 25% of the vehicles to be electric vehicles. The aim is to reduce air pollution and... Read more.. Date : Dec 24 Source: Livemint
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Electric cycles attract 5% GST, ordinary cycles 12% in IndiaThe Modi government has been defending the multi-tiered rates under GST, saying there cannot be one rate given that different segments of society have to be taxed differently, but it has emerged that ordinary bicycles used mostly by the low-income group people attract 12 per cent GST while expensive electric bicycles are in the lowest slab of 5 per cent. In reply to a question on the issue, Minister of State for Finance Anurag Thakur recently had said in the recently concluded winter session of Rajya Sabha that currently there was no proposal to shift ordinary bicycles to lower GST slab of... Read more.. Date : Dec 24 Source: Business Insider India
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Energy farming to empower UP farmersIn a first, the new Kisan Suraksha Utthan Mahabhiyan (KUSUM) Scheme of the Centre is set to promote energy farming in agricultural sector in the state. The initiative is aimed making the best of ‘usar’ (alkaline) and ‘banjar’ (infertile) stretches of Bundelkhand which have been lying unproductive so far by using it for setting up solar energy plants, producing energy and selling it to government. The idea of ‘energy farming’ will not only help farmers to earn by selling power to government but also use it to operate their tube-wells for irrigation purposes. Energy minister Srikant Sharma... Read more.. Date : Dec 24 Source: ET Energy World
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Exempt LPG & CNG autos from getting permits: Unions to govtAfter the Centre’s move to exempt electric vehicles from the need for passenger transport permit, auto unions across the state are urging the government to implement the same for LPG and CNG autos. The Centre has provided several benefits to electric vehicles such as waiver of parking fee, toll charges, priority parking etc. The unions feel that the exemption will not only lessen financial burden but also bring down pollution levels in the city. “LPG and CNG autos should also be exempted from the permit rule since they do not cause pollution. The move will be of great help if the... Read more.. Date : Dec 24 Source: The Times of India
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FM holds pre-budget consultation with representatives from water and sanitation sectorsDiscussions were held on challenges faced in providing quality of water, sanitation, solid waste management and drainage in India Union Minister of Finance & Corporate Affairs Nirmala Sitharaman held her 9th Pre-Budget Consultation meeting with the leading representatives from Water and Sanitation sectors here today in connection with the forthcoming General Budget 2020-21. Along with the Finance Minister, the said aforesaid meeting was attended by Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs; Atanu Chakraborty, Secretary, DEA; Ajay Bhushan Pandey, Revenue... Read more.. Date : Dec 24 Source: Business Standard
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