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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 »

Mahindra Reva to license electric tech to other car-makers

According to reports, in what is seen as a first in the passenger car industry in the country, Mahindra Reva has said it is ready to license electric vehicle technology to other car-makers. The outgoing CEO of Mahindra Reva, Chetan Maini, told BusinessLine that the company has developed electric vehicle kits for this purpose. “We have developed EV ‘kits’ that comprise a full suite of integrated electric vehicle technology solutions, including the know-how for developing drivetrain, battery pack, HVAC (heating, ... Read More »

Orient Green gains on synchronizing 20 MW cogeneration plant at Kolhapur

According to reports, Orient Green Power Company is currently trading at Rs. 15.30, up by 0.20 points or 1.32 % from its previous closing of Rs. 15.10 on the BSE. The scrip opened at Rs. 15.50 and has touched a high and low of Rs. 15.50 and Rs. 15.05 respectively. So far 45845 shares were traded on the counter. The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 20.10 on 20-Jan-2015 ... Read More »

Govt exploring 1,000 MW from geothermal to power rural India

According to reports, after decades of studies and field surveys, India has finally decided to focus on tapping clean and renewable geothermal energy, which is available in abundance but remains largely untapped. Union Ministry of New and Renewable Energy (MNRE) recently drafted a national policy, which seeks to make India a global leader in the sector, generating 1,000 MW in phase-one, ending 2022. The draft would be presented at the first global investors’ meet on renewable energy, to be held ... Read More »

Punjab govt plans to set up Asia’s first bio-ethanol refinery

According to reports, Punjab is set to ink a memorandum of understanding (MoU) for setting up of bio-ethanol refinery with a consortium of Beta Renewables, Novozymes and CVC India Infrastructure Pvt Ltd, for an estimated project worth Rs 950 crore. This will go a long way in tackling the major problem of paddy straw burning, resulting in irreparable loss to land’s fertility and environment. Bikram Singh Majithia, new and renewable energy minister, Punjab, on Thursday, was presented a conceptual plan ... Read More »

Govt plans Rs1,400 crore electric vehicles push

According to reports, India may spend Rs.1,400 crore over the next two years on incentives and subsidies for makers and buyers of electric vehicles as part of an effort to have at least six million electric vehicles on the country’s roads by 2020. Mint has reviewed the details of the scheme that involve spending a total of Rs.24,000 crore till 2020 towards achieving this objective. Of this, Rs.14,000 crore will come from the government. The auto industry is expected to ... Read More »

Solar-powered auto to promote clean energy

According to reports, with a view to promote clean energy transport, an auto-driver of the city came up with a novel idea and introduced solar panels in his electric powered e-rickshaw to ensure clean and green environment. Jai Prakash Saroj, a resident of Jalali Patti, installed solar panels and controller in his rickshaw. “When I heard that solar energy is being used at Jayapur village (adopted by PM Narendra Modi) for lighting, I then decided to install them in my ... Read More »

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