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Sustainability Outlook Headlines

Indian renewable firms plan $2.5 billion in offshore dollar bond issues

Four Indian renewable power producers are planning to raise up to $2.5 billion (1.94 billion pounds) via dollar bonds offshore because of caution among domestic lenders, banking sources said.

In addition to the four solar and wind power firms, a fifth company that invests in renewable projects, Adani Group, has raised $250 million via a loan but has yet to publicly announce the borrowing, the sources told... Read more..

Source: REUTERS

Piramal extends Rs 700 crore credit line to solar energy

Billionaire Ajay Piramal-owned Piramal Enterprises is shifting its key focus to non-conventional energy, billed as the most promising sector in a power-starved country, with its subsidiary Piramal Finance extending a Rs 700 crore credit line to Acme Solar Holdings. 

“The deal was made through Corporate Finance Group (“CFG”) of Piramal Finance by introducing a new product - a Flexi Line of Credit - for the... Read more..

Source: The Economic Times

India asks FAO to remove hurdles in accessing climate funds

India today asserted that climate finance is necessary for sustainable agriculture and the UN body -- Food and Agriculture Organisation (FAO) -- should remove capacity constraints in accessing and effective use of the fund in developing countries.

Since climate change impact on agricultural sector is a 'certain', there is a need to diversify crops from rice, wheat and maize to millets, which is a climate... Read more..

Source: Money Control

Special Purpose Vehicle constituted to implement smart city project in Dehradun

Officials from the city administration and civic bodies held a meeting on Wednesday to decide on the composition of the Special Purpose Vehicle (SPV) which will initiate action on the ground to turn Dehradun into a smart city.

According to the decision taken in the meeting, the body will have members from various civic bodies like nagar nigam, MDDA and the Urban Development Directorate will be the nodal... Read more..

Source: The Times of India

Coconut Oil Supply Chain Slides toward Sustainability via P&G, BASF, Cargill Partnership

Companies that source coconut oil from the Philippines and Indonesia – the world’s two largest producers and exporters of coconut-based products – face several challenges: little or no economies of scale, lack of financing and training resources, and a rigid supply chain all serve to increase the farmers’ dependence on middlemen and perpetuates inefficient and unsustainable agricultural practices. Now, Procter & Gamble, Cargill and BASF are working together with German development agency GIZ to solve the... Read more..

Source: Environmental Leader

Plastic waste to be converted to diesel

A systematic plastic waste management in the city has begun with the commissioning of a plastic waste management plant at Bhatar.

The Surat Municipal Corporation (SMC) has provided two acres land for that plant that has been built by a private operator. The plant has started collecting 20 tons of plastic waste from the city areas daily and making plastic globules. However, this capacity would be enchanced to... Read more..

Source: The Times of India

NITI Aayog suggests tax sops, viability gap funding for eco-labelled products

NITI Aayog, the Centre's premier think tank, has mooted tax incentives and viability gap funding for eco-labelled products as part of the government's green procurement policies to substantially improve resource efficiency in the country. 

Resource efficiency or resource productivity is the ratio between a given benefit or result and the natural resource required for it. 

... Read more..

Source: The Economic Times

NGT demands to know of steps against Ganga pollution

The National Green Tribunal (NGT) on Tuesday asked the ministries of environment and power to apprise it about the steps taken by thermal power plants to avoid discharge of effluents and fly ash around the Ganga river. 

A bench headed by Justice Swatanter Kumar, while hearing a plea of non-governmental organisation Indian Council for Enviro Legal Action, asked these central ministries to hold a meeting and... Read more..

Source: The Economic Times
Subject Tags: Ganga, NGT, pollution

Big banks fail to clear climate test

The world's biggest banks are continuing to fuel climate change through the financing of "extreme" fossil fuels at a rate that will push the planet beyond the climate change limit agreed upon at the Paris Climate Change Conference in 2015, a new report has found. 

In the three years ending December 31, 2016, as many as 37 international banks financed 158 companies $290 billion for their "extreme" fossil fuel... Read more..

Source: The Economic Times

Plan to make Varanasi clean city with renewable energy

The Centre is considering an ambitious plan to make PM Narendra Modi's constituency, Varanasi, a "clean electricity city" where only renewable energy would be used.
The proposal is being considered with power minister Piyush Goyal mooting the idea after visiting Munich in Germany, where the city authorities have targeted 100% clean electricity supply by 2025. Sources said this came up for brief discussion on Tuesday when urban development secretary Durga Shankar Mishra was taking a review meeting on the... Read more..

Source: The Times of India

Solar tariffs in Tamil Nadu: State discovers Rs 3.47 per unit rate in revenue auctions

Tariffs for solar power in Tamil Nadu touched as low as Rs 3.47/unit in reverse-auctions held over the weekend. The biddings were done for 1,500 MW solar plants. The tariff is much lower than Rs 4.40/unit, which was the lowest bid in February’s solar tariff auction conducted by the state. Nevertheless, it is still much higher than Rs 2.44/unit, discovered in May at the reverse auctions for solar plants at Rajasthan’s Bhadla. “The auction was always expected to deliver rates below the regulated tariff (Rs 4.50... Read more..

Source: Financial Express

Thermal power plants in Ganga basin under NGT radar

Thermal power plants discharging effluents in the Ganga basin have come under the radar of the National Green Tribunal which has sought a report on whether they have adequate measures in place to prevent pollution of the river.

A bench headed by NGT Chairperson Justice Swatanter Kumar asked the Environment Ministry and the Ministry of Power to hold a meeting in this regard and file their comments along with... Read more..

Source: Daily News and Analysis

Haryana government to run electric buses in Gurgaon

The Haryana government will set up an environment-friendly transportation system in Gurgaon on the pattern of Poland, state Minister Kavita Jain said today.

The Urban Local Bodies Minister, who is leading a delegation on a visit to the plant of JBM Solaris Electric Vehicles Limited in Polands Ponzan, said "In the first phase, 75 to 100 electric buses would be operated".

... Read more..

Source: India Today

EESL to retrofit 4.5 lakh streetlights in Hyderabad; ties up with Greater Hyderabad Municipal Corporation (GHMC)

The Pearl City of Hyderabad will soon be home to the world’s largest LED streetlighting project with 4.5 lakh lights retrofitted.

Energy Efficiency Services Ltd (EESL) has signed up with Greater Hyderabad Municipal Corporation to retrofit 4.5 lakh street lights under the Streetlighting National Project.

... Read more..

Source: Business Line

Bajaj Auto to foray into EVs with e-3-wheeler first

The Pune-based Bajaj Auto, India’s largest three-wheeler manufacturer and the fourth largest two-wheeler company, has begun developing its competencies on the front of electric vehicle (EV) technologies. It is learnt that the company plans to foray into the EV space, possibly starting with battery- and electric motor-run three-wheelers. Autocar Professional spoke to a number of sources who have confirmed that Bajaj Auto is working on electric three-wheelers as part of its initial EV rollout plan. “Bajaj Auto... Read more..

Source: AUTOCAR Professional

Germany's KfW shifts focus to urban development

The German government-owned development bank, KfW has churned its India funding strategy. It is phasing out its commitments for the support of the financial sector in India and shifting its priorities to funding sustainable urban development.

Over the last ten years, KfW had three focus sectors in India: energy, environment and natural resources, and financial systems or sustainable economic development.... Read more..

Source: Business Standard

Solar energy draft policy of Goa government open to public for comments

The draft of the solar energy policy prepared by the Goa energy developement agency (GEDA) is now open for suggestions and comments from the public and stakeholders.

The policy is available on the department of science & technology website, www.dstegoa.gov.in, and on the official government portal www.goa.gov.in.... Read more..

Source: ET Energyworld

Gurugram: 6MW solar power boost to grid so far in 2017

Haryana renewable energy department has added 6 MW of solar energy to its supply in Gurgaon in a year, taking total generation across the city to 20 MW, officials told TOI.

Officials said they have 154 new installations to make till November this year. As of now, there are 254 solar installations in the city, along with 86 bi-directional meters, they said.

... Read more..

Source: The Times of India

Tata Power Delhi Distribution Ltd to set up 1000 e-vehicle charging stations across Delhi

Tata Power Delhi Distribution Ltd (TPDDL), one of the three private power distributors in Delhi, is looking to set up at least 1,000 electric vehicle charging stations across the national capital in the next five years with an investment of around Rs 100 crore.

“Currently, we are at a discussion stage. But in the next five years we will look to spend around Rs 100 crore for setting up 1,000 charging stations... Read more..

Source: ET Energyworld

Clean energy jobs see sharp spike in India

India's ambitious aim to install 160 GW of renewable energy by 2022 will have a positive impact on the country's jobs market, a new study has predicted.

The study says that more than 300,000 full-time workers will be needed in these five years and there's potential to create around one million employment opportunities.

... Read more..

Source: ET Energyworld

Funds raised via Green Bond Issue to be used for renewable energy projects only: REC

The Rural Electrification Corporation (REC) management spoke to CNBC-TV18 from London on the listing of the company's Green Bond Issuance. The 10-year dated green bond raised USD 450 million, with an annual yield of nearly 4 percent on the London Stock Exchange's new International Securities Market.

Throwing more light on the above development, PV Ramesh, CMD, REC said the issue received an overwhelming... Read more..

Source: Money Control

WABAG signs MoU with IIT Kanpur to Develop Sustainable Villages on the River Banks of Ganga

VA Tech WABAG, which specialises in water and waste water treatment and recycling, signed a memorandum of understanding with IIT-Kanpur to develop a few sustainable villages on the banks of the Ganga river.

The Model Ganga Grams would form part of the Namami Gange and Swachh Bharat programmes. This initiative is supported by the National Mission for Clean Ganga (NMCG), the ministry of water resources, the... Read more..

Source: The Times of India

Chinese firm to launch pilot electric car project in Amritsar

Chinese major Zhuhai Yinlong has proposed to launch a pilot project to run electric cars and buses in Amritsar and to set up an electrical vehicle manufacturing facility in Punjab.
The company will also sign a memorandum of understanding (MoU) with the Punjab government through ZTEsoft Technologies to facilitate the state in getting financial assistance for a series of programmes and projects.

A... Read more..

Source: India.com

Waste disposal: NGT issues warrants agst 12 Agra civic bodies

The National Green Tribunal on Monday issued bailable warrants against 12 civic bodies in Agra after they failed to appear before it in response to a plea alleging open burning of trash and poor municipal solid waste system in the city. A bench headed by NGT Chairperson Justice Swatanter Kumar, which had earlier issued notices to them, took exception to their non-appearance and directed the civic bodies to be present before it on August 5.

... Read more..

Source: The Indian Express
Subject Tags: NGT, waste management

Telangana set to generate 5,000 Megawatt solar power by 2019

Telangana is set to cross the 5000 MW solar power generation capacity by 2019 , more than the 1300 MW installed capacity at present. This, officials said, was because the state adopted a distributed development model which is supported by the Centre. Under this system, solar project developers are offered opportunity to develop units based on the demand-supply situation with minimal operational losses.

The... Read more..

Source: ET Energyworld