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Daily Archives: April 13, 2012

India one of the top performing clean energy economies: Report

According to reports, with India receiving $ 10.2 billion investments in clean energy, the country has emerged as one of the top performing clean energy economies in the 21st century, an eminent American non-profit organisation said in a report. The Pew Charitable Trust, in its report, said India’s clean energy sector continued to flourish in 2011, with private investment increasing 54 per cent to $ 10.2 billion, placing the country at number 6 spot among the G-20 nations. This was ... Read More »

Shree Ganesh marks it solar energy foray with Alex Group

Shree Ganesh Jewellery House (SGJHL) makes its debut in solar power business with Alex Group of Companies in, the Gujarat Solar Park. The company just commenced production with a 25 MW plant, with an investment of Rs 4 billion. Alex Group of Companies is aggressively looking at scaling up the solar energy business, targeting 500 MW in 3 years with a ballpark investment of Rs 50 billion. Funding will be done through private equity participation and internal accruals. The business ... Read More »

M&M veers to hybrid fuel designs for powering new vehicles

According to reports, soaring fuel costs and its expected scarce availability in the future has led utility vehicle market leader Mahindra & Mahindra to explore opportunities in the unconventional space powering new vehicles, such as sports utility vehicles (SUV) and mini cars. The Mumbai-based company is simultaneously working on concepts such as full hybrids, battery-powered powertrains, bio-diesel, fuel-cells and hydrogen-powered engines. Some of these vehicles will be ready for launch by 2015, according to the company whose 99 per cent ... Read More »

Awards announced for Indo-US Joint Clean Energy Research and Development Center

According to reports, the Union Ministry of Science and Technology today announced the selections for three consortia projects under the Indo-US Joint Clean Energy Research and Development Center (JCERDC). The JCERDC is being established under an agreement signed between the Governments of India and the United States of America which commits an amount of Rs 125 crore ($25 million) in funding over five years to institutions in India and the US for taking up collaborative research in the fields of ... Read More »

Long road ahead for India’s malls to go green

According to reports, an average shopping mall in India that occupies an area of 100,000 sq. ft to 500,000 sq. ft, consumes between 120,000 litres and 600,000 litres of water a day. It also consumes roughly 250 kilowatts of power per square metre in a year. Ideally, a commercial structure of this scale should consume about 30% to 40% less power and water, according to conservation experts. While Indian retailers are only just starting to think green, major retail chains ... Read More »

Suzlon seeks fresh loans to avoid FCCBs default

According to reports, loss-making  Suzlon Energy, which urgently needs to repay $569 million to bondholders by October, has begun talks with key banks for raising money amidst signs of wariness among some lenders. People close to the development said that Suzlon is believed to sounded out some banks, such as  SBI,  Bank of India,  Bank of Baroda,  Central Bank,  Canara Bank and IDBI, for a term loan of $700 million in FY13. Many of these banks were part of a ... Read More »

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