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Daily Archives: December 3, 2013

$175-bln Canadian pension fund Caisse De Depot open to investing in Indian renewable energy assets

According to reports, Quebec-based Caisse De Depot, one of the world’s largest pension fund managers with over $175 billion in assets, has put India on its priority list for infrastructure investments, preferring the country over China for long-term core sector bets. Last Friday, Caisse De Depot et Placement du Quebec announced a nearly billion-dollar investment in the Brisbane port, with an eye on capturing the growth in Asia-Pacific markets like India who increasingly rely on Australia for critical energy and ... Read More »

Tata Cleantech to fund Rs.2,500 crore for renewable energy projects in India

According to reports, Tata Cleantech Capital Ltd may fund as much as Rs.2,500 crore ($401 million) of renewable and energy-efficiency projects in India as costs for coal-based power prompt companies to turn to alternatives. “The combined cost of grid power and diesel generators that many companies use today is higher than solar,” Avijit Bhattacharya, chief executive officer (CEO) of the lender set up jointly by Tata Capital Ltd and International Finance Corp., said in an interview in Mumbai. “That’s creating ... Read More »

Idea Cellular bags $1 million US grant for green telecom project

According to reports, India’s third largest telecom operator Idea Cellular has received a grant of over $1 million from the US Trade & Development Agency (USTDA) to fund a pilot project involving deployment of Solar Hybrid Methanol-Based Fuel Cell (SHMBFC) at telecom sites in India, the company said. An agreement to this effect was signed between US Ambassador to India Nancy J. Powell and Idea managing director Himanshu Kapania at the US Consulate in Mumbai, Monday evening. In a first ... Read More »

Solar power replaces horse power

According to reports, solar power panel helps a farmer to run submersible pumps at his five farms in different places in Palsana taluka of Surat district at affordable cost. Solar energy has emerged as an alternative to conventional power connection in farm sector. Instead of fitting panels at five places, Jitendra Patel, a farmer in Umbhel villages, has got a panel fitted to feed a 5 horse power (HP) pump in the trailer of his tractor. He said, “This panel ... Read More »

German ambassador inaugurates solar plant in Baramulla village

According to reports, as a mark of his country’s growing interest in the state, with special focus on development issues, the German ambassador to India Michael Steiner arrived here on Tuesday on his ninth visit this year. The ambassador travelled to a remote village in Baramulla district to inaugurate a mini-solar plant and a television system donated by the German embassy after it came to know that the villagers loved sports but could not watch matches due to lack of ... Read More »

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