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Sustainability Outlook Headlines

Industries to receive lower carbon market compensation as EU attempts to curb 'windfall profits'

BRUSSELS: Fewer companies will be eligible for state compensation for some European Union carbon costs next year under new rules aimed at forcing polluting industries to reduce greenhouse gas emissions faster. The EU carbon market is the bloc's central policy for cutting emissions, which it does by forcing power plants and factories to buy permits to cover their greenhouse gas output. The scheme incentivises industries to pollute less, to avoid paying carbon costs. It also encourages them to become energy efficient - because power producers must pay carbon costs, and can pass on those... Read more..

Source: ET Energy World

Sebi details framework to protect investors against near zero/negative prices in commodities

Mumbai:The Securities and Exchange Board of India (Sebi) on Monday prescribed an Alternate Risk Management Framework (ARMF) in cases of near zero and negative prices for any underlying commodities or their futures, and said the clearing corporations (CCs) should ensure the readiness of their systems to implement the prescribed ARMF within 60 days. “In recent times, extreme volatility has been observed in commodity prices globally, particularly in the case of crude oil, wherein the prices had unprecedentedly gone down to zero and subsequently, even negative. In such a scenario, margins... Read more..

Source: Economic Times
Subject Tags: Crude, India

TN CM flags off women-powered solar, electric autos

Chennai :Tamil Nadu Chief Minister K Palaniswami on Monday flagged off 13 types of solar and electric powered autos, to be operated by women, as part of the initiative to ensure women empowerment and environment protection. This project is the result of the chief ministers efforts on fetching investment to Tamil Nadu and facilitating job opportunities for the youth, an official release said. During his overseas trip last year, Palaniswami signed a memorandum of understanding with M Auto at Dubai, and offered his governments support on providing charging stations, manufacturing units among... Read more..

Source: ET Energy World
Subject Tags: EV, India, Renewable Energy

Renew Power, Mytrah Energy, Torrent Power seek termination of wind power PPAs

BENGALURU: Leading renewable energy developers Renew Power, Mytrah Energy and Torrent Power have approached the central electricity regulator, seeking to terminate power purchase agreements of at least 565 mw of proposed wind projects they had signed with Solar Energy Corporation of India, people close to the development said. The companies went to the Central Electricity Regulatory Commission (CERC) to ensure that SECI does not invoke the bank guarantees they had issued to the renewable energy ministry’s nodal agency for conducting wind and solar auctions, the sources said. “All three... Read more..

Source: Economic Times

East Central Railway plans to switch over to solar energy for zero emission

PATNA: Railways has decided to ensure green mode of transportation and maintain zero carbon emission by switching over to solar energy at its all vital establishments and offices under the ‘save energy’ mission. Railways has also taken various initiatives to ensure uninterrupted power supply with the help of solar energy plants in all its five divisions – Danapur, Pt Deendayal Upadhyaya, Dhanabd, Sonepur and Samastipur. East Central Railway (ECR) chief public relations officer (CPRO) Rajesh Kumar said the railways has at least 1,370kw solar energy power capacity in Danapur division alone... Read more..

Source: ET Energy World

65 pc coal-fired power plants may not meet green norms even by extended deadline of 2022: CSE

NEW DELHI: Sixty-five per cent of the coal-fired power plants in India may not be able to comply with emission norms, as notified by the Union Environment ministry, even by the extended deadline of 2022, an environment think tank said on Friday. In its latest assessment, Centre for Science and Environment (CSE) said a large number of coal-fired power plants in India continue to be "lax" and "laid back" when it comes to getting ready to meet the deadline. In 2015, the Union Ministry of Environment, Forest and Climate Change (MoEFCC) had notified emission norms for four pollutants in the... Read more..

Source: ET Energy World

Liquidity package: Rs 70,590 crore in loans sanctioned to discoms

New Delhi: Loans totalling Rs 70,590 crore have been sanctioned so far to power distribution companies (discom) out of the Rs 90,000-crore liquidity package announced by the Centre, Union Power Minister RK Singh told the Rajya Sabha on Sunday. Of the sanctioned amount, Rs 24,742 crore has been disbursed till September 16, Singh said in his written reply to a question. "As against Rs 90,000 crore of liquidity infusion package announced by the government, Rs 70,590 crore in loans has been sanctioned, out of which Rs 24,742 crore has already been disbursed/released till September 16," he said... Read more..

Source: ET Energy World
Subject Tags: India, Power

Tesla initiates talks to set up research centre in Bengaluru

Bengaluru:Tesla held exploratory discussions with Karnataka government officials on September 10, who are seeking a possible investment by the world’s most valuable carmaker in a research facility in Bengaluru, people familiar with the development told ET. A followup meeting is expected later this month, they said, during which the state officials are expected to present a detailed proposal to the Tesla executives. “Tesla has shown initial interest to invest in a research and innovation centre in Karnataka and the talks are at a preliminary stage,” said one of the people cited above, but... Read more..

Source: Economic Times
Subject Tags: EV, India, Tesla

Telangana: Low revenue, consumption trip discoms

HYDERABAD: Telangana discoms, which are under the weather with mounting debts and inadequate financial assistance, are now faced with more problems. On one hand, revenues from commercial and industrial establishments towards power billing have dwindled due to Covid-19. On the other, power consumption has drastically come down in high tension (commercial) category after the pandemic broke out in March this year. The TSSPDCL is losing about 30% of its commercial revenues every month as many industries are yet to launch their operations. With IT and major firms still sticking to work from... Read more..

Source: Times of India
Subject Tags: India, Power

Floating PV driving Odisha solar growth

The Solar Energy Corporation of India Limited (SECI) has sent to the Government of Odisha a proposal for setting up 500 MW floating solar projects at the Hirakud reservoir. The agency has already received in-principle approval from the State Government to set up 40 MW floating PV projects at Chiplima power channel pond. The latest proposal for 500 MW capacity follows an aggregate 500 MW floating PV to be set on different reservoirs in the State through a joint venture between Green Energy Development Corporation of Odisha Limited (GEDCOL) and state-run hydro power producer NHPC. As per the... Read more..

Source: PV Magazine
Subject Tags: India, Power

Rajasthan could add 22.6 GW of new renewable energy capacity to the grid within a decade

A recent report by the Institute for Energy Economics and Financial Analysis (Ieefa) forecasts that Rajasthan could add 22.6 GW of renewable energy to the grid by the end of FY2029-30. This will consist of 18 GW of new solar capacity, of which 3 GW is forecast to be distributed solar capacity (rooftop PV and solar irrigation pumps). Rajasthan’s installed renewable energy capacity reached 9.6 GW at the end of FY 2019-20. This included 5.2 GW of solar. Also, during FY2019-20, it added more solar power capacity (1.7 GW) than any other Indian state—ahead of Karnataka (1.4 GW), the state with... Read more..

Source: PV Magazine
Subject Tags: India, Renewable energy

Delhi govt to release plan to set up 200 EV public charging stations

NEW DELHI : All government agencies in Delhi including the three Municipal Corporation of Delhi (MCDs), New Delhi Municipal Council (NDMC), Delhi Development Authority (DDA), Public Works Department (PWD), Transport department, Delhi Transport Corporation (DTC), Delhi Metro Rail Corporation (DMRC), DSIIDC, etc, will carry out a comprehensive planning exercise in the next two weeks to identify concessional locations within their jurisdictions for the purpose of setting up public charging stations. According to an official release, through this exercise, the Delhi government will roll out a... Read more..

Source: Live Mint
Subject Tags: charging stations, EV, India

Gujarat govt announces e-vehicle subsidy

GANDHINAGAR: The state government on Thursday announced a new scheme for promotion of electric vehicles (two and three wheelers) on the occasion of completion of eleven years of the climate change department in Gujarat. School (class IX and above) and college students who buy electric two-wheelers will get a government subsidy of Rs 12,000, while rickshaw drivers and self-employed persons who buy electric three-wheelers will get a subsidy of Rs 48,000 per vehicle. CM Vijay Rupani said the state government has set a target of having 10,000 electric two-wheelers and 5,000 electric three-... Read more..

Source: Times of India
Subject Tags: EV, India, subsidy

UP govt to install 8,000 solar borewells, 35 per cent in Purvanchal districts

Lucknow: The Uttar Pradesh government on Thursday said it plans to install 8,000 solar-powered borewells in coming days and 35 per cent of them would come up in the Purvanchal districts of the state. The districts set to benefit from the initiative include Balrampur, Shravasti, Siddharthnagar and Kushinagar where suitable locations would be identified for installations, it said in an official statement. The details emerged during Chief Secretary Rajendra Kumar Tiwari's assessment of action plans prepared by various departments for the overall development of Purvanchal districts of the... Read more..

Source: ET Energy World
Subject Tags:

Reduce rate of power to Rs 5 per unit, demand bizmen

Ludhiana: A day after doubts were raised by city businessmen on the claims of state industry minister Sundar Sham Arora that more than 90% of the industry is working in the state, more businessmen have come forward demanding that the state government should take appropriate measures for the revival of the industry, at least by reducing the rates of power to Rs 5 per unit, which was the election promise of the Congress government. Businessmen have also demanded that a special package for industry should be introduced in the wake of coronavirus as Ludhiana’s industry has suffered a huge blow... Read more..

Source: Times of India
Subject Tags: India, Power

Power ministry drafts consumers’ rights for 24X7 electricity

The Union power ministry has drafted the rules detailing the rights of electricity consumers, guaranteeing reliable power supply across the country. This comes against the backdrop of the National Democratic Alliance government readying a draft of power sector reforms, including implementing the direct benefit transfer scheme in the electricity sector for better targeting of subsidies, promoting retail competition and instilling financial discipline at state-owned electricity distribution companies (discoms). “The distribution licensee shall supply 24X7 power to all consumers," according... Read more..

Source: Live Mint
Subject Tags: India, Power

Kutch powers up for world’s largest RE park

Ahmedabad: Billed as the world’s largest renewable power generation project at a single location, the proposed hybrid park in Kutch is ready to take off. The park, with a total proposed capacity of about 28,000MW, will house the 10,000MW project of Adani Green Energy Ltd (AGEL), among others. AGEL aims to invest close to Rs 30,000 crore in the upcoming park where it has been allotted 20,000 hectares of land, said sources. Of the 10,000MW capacity, 8,000MW is likely to be of solar while the remaining will be of wind, said sources. “Over the next five years, our investments will include the... Read more..

Source: Times of India

Andhra Pradesh green energy imbroglio impacting deals and payout schedule

NEW DELHI : Large green energy deals in Andhra Pradesh are hanging fire, with prospective buyers introducing a condition precedent; wherein a significant agreed upon amount will only be paid once the issue of reopening of power purchase agreements (PPAs) by the state government gets resolved, said two people aware of the development. Not only has this impacted the deals’ value, it is also playing out on the payout schedule, with the dispute currently before the Andhra Pradesh High Court. “Every buyer who comes to us, makes this condition that a significant part of the deal value will only... Read more..

Source: Live Mint
Subject Tags: India, Power, PPA

25 EV charging stations launched

Kolkata: Lithium Urban Technologies, one of the major electric vehicle ecosystem integrators, entered Kolkata with an intent to roll out 1,000 EVs to convert corporate diesel fleets to electric and set up India’s largest public charging station in New Town. This will abate 10,000 MT of carbon emissions every year, equivalent to adding 10 Eco Parks in the city. On Wednesday, Lithium started its journey in Kolkata in association with Hidco by setting up 25 fast charging stations near Fintech Hub in New Town. The project was flagged off by state transport secretary Prabhat Kumar Mishra with... Read more..

Source: Times of India
Subject Tags: charging stations, EV, India

BHEL ties up with SwissRapide AG to bring Maglev trains to India

New Delhi: State-run engineering firm BHEL on Wednesday announced its tie up with SwissRapide AG to bring Maglev trains (magnetic levitation) to India. Aimed at expanding its footprint in the urban transportation sector as part of its diversification initiatives, BHEL has entered into a Memorandum of Understanding (MoU) with SwissRapide AG for Maglev Train projects in India, a company statement said. The Maglev Rail system hovers in the air instead of rolling, due to magnetic levitation, thus the vehicles have no physical contact with the guideway. This enables the system to be highly... Read more..

Source: ET Energy World

Energy efficient appliances for 30 lakh houses

VIJAYAWADA: The Energy Efficiency Services Ltd (EESL), a joint venture of State-owned NTPC Limited, Power Finance Corporation (PFC), Rural Electrification Corporation (REC) Limited and Power Grid Corporation of India Ltd (PGCIL), has evinced interest to partner with the Andhra Pradesh government to install energy efficient appliances in all the houses to be built under the economically weaker section (EWS) housing project — Pedalandariki Illu — under Navaratnalu to be launched by the State government. According to officials, Indo-Swiss Building Energy Efficiency Project (BEEP) has already... Read more..

Source: Indian Express

Exide Industries developing solutions for hybrid, electric vehicles

Kolkata: Lead acid battery maker Exide Industries Ltd is focusing on innovations for emerging applications like hybrid and electric vehicles, a company official said on Tuesday. A lithium-ion JV has been formed and is well placed with an assembly line having a capacity of 1.5 GWh, it said. "The company is developing advanced solutions in the lead acid space for emerging applications, including hybrid vehicles and EVs," MD & CEO Gautam Chatterjee told shareholders at the annual general meeting. He also spoke about introducing 'ultra-batteries' and other solutions in the energy storage... Read more..

Source: ET Energy World
Subject Tags: Electric Vehicle, Hybrid, India

Facebook aims net zero emission for entire value chain by 2030

San Francisco: Facebook has said that apart from reducing operational greenhouse gas emissions by 75 per cent this year, it will achieve net zero emissions for its global operations and be 100 per cent supported by renewable energy this year. The social network also set an ambitious goal to reach net zero emissions for its value chain -- including emissions from suppliers and other factors such as employee commuting and business travel -- in 2030. Along with an ambitious new net zero emissions target, the company also announced a new Climate Science Information Center to connect people... Read more..

Source: ET Energy World

Over 27k electric vehicles supported till Sep 10 under phase-II of FAME scheme

New Delhi:The government on Tuesday said under the second phase of FAME India Scheme, over 27,000 electric vehicles have been supported till September 10 this year by way of demand incentive amounting to about Rs 95 crore. In a written reply to the Lok Sabha, Heavy Industries and Public Enterprises Minister Prakash Javadekar said further 5,595 electrical buses have been sanctioned to various state/ city transport undertakings under Phase-II of the scheme. This involves government incentive of around Rs 2,800 crore, he said. "Under Phase-II of FAME India Scheme, 27,201 electric vehicles... Read more..

Source: ET Energy World
Subject Tags: Electric Vehicle, India

Toyota to invest over Rs 2,000 crore on electrification of models in India

Toyota Kirloskar Motor Vice-Chairman Vikram Kirloskar on Tuesday confirmed that the company will invest over Rs 2,000 crore in the next 12 months, refuting a statement by a senior company official that it would stop further expansion in India due to high taxes. In a separate statement, the company had earlier said that its priority would be to utilise its existing capacity in India which will take time. In an interview to Bloomberg, TKM Vice-Chairman and whole-time director Shekar ViswanathanShekar had said the company would stop expanding in India ruling out future investments as the... Read more..

Source: The Week
Subject Tags: Electric Vehicle, India, Toyota