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    MNRE backs REC market to help solar power developers

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    According to reports, in a move that aims to support the solar power developers in India, the Ministry of New and Renewable Energy (MNRE) is backing the renewable energy certificates (RECs) market. The ministry is optimistic of a positive change in the REC market despite its price higher than the actual purchase of solar power. Newly appointed secretary of MNRE, Dr Upendra Tripathy, said at a gathering in New Delhi that his ministry was trying to work out a probability ... Read More »

    Boost for electric and hybrid cars with Rs 1.5 Lakh subsidy; Tata Motors, M&M to gain

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    According to reports, electric/hybrid cars (XeVs) and two-wheelers could become attractive options for the Indian buyer, with the Centre planning to offer fairly large subsidies ranging from Rs 8,000 up to R12 lakh, reports Roudra Bhattacharya in New Delhi. The ministry of heavy industries and the auto industry have now agreed on the subsidy ceiling for XeVs with a view to pushing demand for the nascent segment. They hope this will result in a manufacturing and research base for vehicles ... Read More »

    Cheaper finance to help boost solar sector, says report

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    According to reports, liberalised external commercial borrowing norms and making cheaper funds available, among other measures, will help in boosting the country’s solar energy sector, says a report. Besides, having increased solar general capacity would help in bringing down the dependence on power from coal plants, according to the report prepared by Hindustan Power in association with PHD Chamber of Commerce. The report has listed out various measures including availability of cheaper finance to boost the domestic solar sector. Among ... Read More »

    India needs multi-pronged approach to energy security: Oil Secretary Saurabh Chandra

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    According to reports, India, the world’s third largest oil importer, needs multi-pronged approach to addressing its energy security, Oil Secretary Saurabh Chandra has said. “The country needs a multi-pronged and coordinated approach of focused research in multi-disciplinary fields. There is no single answer to the question of energy security,” Chandra said at the International Symposium of Fuels & Lubricants, ISFL-2014, organised by Indian Oil. A company statement said, the Oil Secretary stressed on the need for a time-bound action plans ... Read More »

    Players from Gulf nations plan to invest in Indian solar sector

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    According to reports, solar manufacturing sector in India is all set to get a boost players from Gulf countries are contemplating to invest in the country both in terms of finance and technology. They plan to form joint ventures with Indian manufacturers based on their engineering capabilities. The seeds of this collaboration were sown during a recent meeting of members of National Solar Energy Federation of India (NSEFI) and officials of Solar Alliance of Gulf Cooperation Council (GCC) and Saudi ... Read More »

    Portal to help Railways Save Energy

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    According to reports, Indian Railways has launched a portal to facilitate energy saving up to 15 per cent by the year 2020 through improved energy efficiency measures and to help the Railways in evolving future strategies for further intensifying energy conservation efforts. The web-based electrical energy management system, RAILSAVER, developed by the Centre of Railway Informatics System (CRIS), an autonomous organisation under the Ministry of Railways, is part of the project for ‘Improving Energy Efficiency in Indian Railway System’ being ... Read More »

    Tata Power plans to add 646.7 MegaWatt from clean energy sources

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    According to reports, Tata Power, one of India’s largest private power companies, plans to increase its renewable energy capacity by about 71 per cent to cut carbon emissions and reduce risks from fluctuating fuel prices. The utility is adding 646.7 megawatts of renewable energy capacity, Tata Power said in a statement today. The company has a gross installed capacity of 912 MW from clean energy sources, of which 447 MW comes from hydropower and 465 MW comes from renewable sources ... Read More »

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