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World Bank terms its first carbon auction a ‘success’

According to reports, if you say ‘ignorance is bliss’ to S Chandrasekhar, he will nod in agreement. The Managing Director of Bhoruka Power Corporation, one of India’s leading renewable energy companies, says he looks back at his lack of knowledge of the nuances of the carbon market with satisfaction, because it was the ‘fear of unknown’ that caused him to strike a long-term deal with a buyer of carbon credits for a price of Euro 13 in 2006-07. At that ... Read More »

Discoms want more time to adopt green power

According to reports, the Centre might be pushing for more renewable energy, but Delhi’s power distribution companies do not appear to be in any hurry. While Tata Power Delhi has said in its public notice for determining the 2015-16 tariff that renewable purchase obligations (RPO) should be deferred for the next four-five years, the Reliance discoms—BSES Yamuna and BSES Rajdhani—wants it to be waived off for at least two years. All three discoms said this was critical to control rising ... Read More »

Modi government chants clean energy mantra

According to reports, while emphasising the economic progress in the Budget, Prime Minister Narendra Modi led government also ensured that development should be as green as possible. The government is launching a scheme for Faster Adoption and Manufacturing of Electric Vehicles. Finance Minister Arun Jaitley proposes an initial outlay of Rs 75 crore for the scheme in 2015-16, which was welcomed by electric vehicle makers. Further, the concessional excise duty of 6 per cent on specified goods for use in ... Read More »

Railways’ green run begins with CNG trains

According to reports, railways minister Suresh Prabhu’s “green energy” plans are beginning to take shape, with the country’s first Compressed Natural Gas (CNG)-powered train having successfully cleared trials and ready for inauguration. Two sets of the “dual fuel” trains manufactured by Chennai-based Integral Coach Factory (ICF) — which will use 20% fuel in the form of CNG — have arrived and will be used in the Diesel Electric Multiple Unit (DEMU) trains on Delhi-Rohtak- Rewari section, sources said. An advanced ... Read More »

Godrej Appliances plant at Shirwal gets Platinum Green Company certification

According to reports, the Shirwal, Pune plant of home appliances manufacturer, Godrej Appliances, has been awarded the prestigious Platinum Green Company certification by CII-Green Business Centre. CII Green Co Platinum is the highest recognition for any manufacturing company for its efforts towards ecologically sustainable growth. Godrej Appliances has become the first and the only manufacturing company in the country to be so honoured. Kamal Nandi, Business Head and Executive Vice President, Godrej Appliances said, “This certification goes to exemplify the efforts put in by ... Read More »

India needs to invest $834 billion for lower carbon emissions by 2030

According to reports, India will have to invest $834 billion in the two decades ending 2030 to reduce its emission intensity to gross domestic product by 42 per cent over 2007 levels, according to a Planning Commission expert group. According to the final report of the expert group on low carbon strategies for inclusive growth, the massive change in the energy mix by 2030 will result in lower demand of coal at 1,278 million tonnes from estimated 1,568 million tonnes. ... Read More »

Delhi Discoms can’t meet green power target, seek waiver

According to reports, power companies have told the regulator that they are not in a position to meet their renewable power obligations (RPO). In the tariff petitions for the financial year 2014-15, the discoms have requested Delhi Electricity Regulatory Commission to waive off their RPO in the interest of consumers or consider carrying forward the commitment to subsequent years. The scheme, which became a part of the tariff from FY 2012-13, makes it obligatory for discoms to source a fixed ... Read More »

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