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Empee Sugars board approves disinvestment of power business

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According to reports, Empee Sugars and Chemicals Ltd, the sugar business of Chennai-based Empee Group, has decided to disinvest its power business under Empee Power Company Ltd. The company also said that while a notice was sent by Andhra Bank, Chennai, under the SARFAESI act, it is ineffectual since the Bank does not constitute a valid majority under the consortium of bankers. In an announcement to the exchanges, the company said that a a Board meeting held today has decided ... Read More »

PFS, PFC Green to jointly finance renewable energy projects

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According to reports, in order to cut down on time needed for financial closure of renewable energy projects, PTC India Financial Services and PFC Green Energy today signed an initial agreement for facilitating joint financing of those plants. PTC India Financial Services (PFS) is promoted by PTC India and PFC Green Energy is a wholly owned subsidiary of Power Finance Corporation. As per the initial pact, both the companies have agreed to provide a single window to borrowers developing renewable ... Read More »

Mindtree offers online waste management platform to Bangaloreans

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According to reports, Mindtree today announced the launch of ‘I Got Garbage’ (IGG – www.igotgarbage.com), a cloud-based platform aimed to simplify waste management through a structured and governed waste management framework. India’s garbage is mixed waste and the lack of segregation makes it difficult for efficient recycling. Fragmented communities of waste pickers manage waste by working in hazardous and inhuman conditions. To add to this, waste pickers do not have access to the mainstream supply chain of waste thereby reducing ... Read More »

Major fire breaks out at biomass waste power plant

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According to reports, a major fire broke out at a biomass waste power plant on Sunday afternoon in Shendra industrial area, destroying items worth lakhs of rupees. At the times of going to the press, the fire brigade officials were still struggling to douse the fire. According to the officials, tonnes of bagasse (dry pulpy residue left after the extracting sugarcane juice) and biomass waste kept on the plant’s premises caught fire. Fortunately, no casualties have been reported. However, the ... Read More »

Sugarcane Breeding Institute develops ‘energy canes’

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According to reports, city-based Sugarcane Breeding Institute has developed energy canes, which are expected to give high yield and is being evaluated at Samalkot in Andhra Pradesh, a senior institute official said today. ‘Genotype I’, as against commercial sugarcanes, has high fibre and relatively low sucrose, which can serve as dual purpose cane for both sugar and energy and can be processed in existing sugar mills, Institute’s Director N Vijayan Nair told reporters here. Type II category energy canes were ... Read More »

Biomass-based power projects face problems: Secretary

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According to reports, despite inherent benefits, biomass-based power projects in the country are facing problems due to high operation cost, Secretary of Ministry of New and Renewable Energy (MNRE) Upendra Tripathy today said. “Despite so many inherent benefits, a number of biomass power projects have of late been facing problems due to high cost of operation,” he said. Tripathy said this was mainly due to continuous rise in biomass prices while the revision of tariff for biomass-based power by SERC’s ... Read More »

JSL, TERI come out with ‘green’ gas stove

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According to reports, largest domestic stainless steel producer Jindal Stainless Ltd (JSL) in collaboration with the Energy and Resources Institute has developed an environment- friendly maintenance-free gas stove, priced at Rs 3,200. “The stove which is made up of mix of 200 and 300 series stainless steel ensures high reduction in toxic emissions during cooking and has longer life and better corrosion resistance in adverse village environment and at the same time is economically affordable,” JSL said in a statement. ... Read More »

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