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Daily Archives: September 14, 2012

Rooftop solar power could be a game-changer for India: KPMG

Rapid fall in solar prices and increase in cost of conventional power driven by fuel shortages has brought `grid-parity` closer, which is expected to happen at a broad scale level by 2017 in India, according to the KPMG report. KPMG report reveals that the rooftop solar power will see parity faster with utility tariffs due to high T&D losses and cross-subsidies present today and parity in many categories can emerge as early as 2014. For this segment, the solar lease model ... Read More »

WB Govt, CII promote low carbon business

  According to reports, Confederation of Indian Industry (CII) along with the West Bengal Pollution Control Board Wednesday organized an interactive session with power producers of the state on Wednesday to get their views on the shortlisted fiscal instruments under the project “Fiscal Instruments for Climate Friendly Industrial Development in West Bengal, Odisha and Tamil Nadu”. “The thrust of the project is to reduce the carbon dioxide emission by providing several incentives which are the ‘Fiscal Instruments’ to improve the efficiency ... Read More »

Big India plans for next-gen Finnish power company

According to reports, Finnish power generation company Fortum, which focusses on low emissions, resource-efficiency and energy security, sees energy-hungry India as a market with huge potential. “India is important for Fortum because of its growing electricity needs,” Tapio Kuula, president and chief executive officer of Fortum, told a visiting IANS correspondent in Helsinki. Though Fortum sees itself as an expert in power generation from biomass and waste, its power generation from this source amounts to only two percent of its total generation ... Read More »

Shoppers Stop turns to solar power to avoid service tax on electricity

According to reports, on the roof of Shoppers Stop’s first department store in the suburbs of Mumbai, a green initiative is underway in the form of solar panels feeding power to the store. It’s not just a drive to go green but also an effort to offset the skyrocketing cost of power. “The company is trying to rework power consumption as mall owners and retailers will have to pay 12.5% service tax on electricity with effect from July this year ... Read More »

Wipro recognized by CDP for climate change disclosure

Wipro Ltd has been commended by the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets, for its approach to the disclosure of climate change information. Wipro is the only company from India featured in CDP’s “Carbon Disclosure Leadership Index” for 2012. With a Score of 95 on 100, Wipro is one of seven IT companies from across the world to find a place in the listing. This index, a key component of CDP’s annual ... Read More »

Southern grid to be integrated with national grid by Jan 2014

According to reports, the government today said the southern power transmission grid will be connected with the national grid by the first week of January, 2014. “The Southern Grid, which has not been integrated yet, will be integrated by the first week of January, 2014. Once the entire southern grid is also connected, we will have one frequency across India,” Power Minister M Verappa Moily said.He was addressing a gathering here after releasing a report “Green Energy Corridors” that had identified ... Read More »

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