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Forbes Marshall plans to step up export business

According to reports, Forbes Marshall, an engineering and energy conservation solutions provider, is planning to step up its export business. Naushad Forbes, Director of the Pune-based company, said it has significantly expanded manufacturing capacity at the Chakan unit in Maharasahtra with an investment of ₹250 crore and is seeking to increase its exports business. Last year, around 20 per cent of the company’s ₹800-crore revenue came from exports. “Our long-term objective is to increase the export mix to 50 per ... Read More »

Empee Sugars board approves disinvestment of power business

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

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

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

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’

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

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 »

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