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Call for utilising India’s renewable energy sources

According to reports, Y.B. Ramakrishna, member of the Task Force on Renewable Energy, said that proper tapping of renewable energy sources could save the money spent for importing crude oil and reduce the dependence on the import of crude oil to meet the country’s fuel requirements. Speaking at a function to mark the inauguration of the Centre for Information and Demonstration of Biofuel Production and Research at the main campus of the Central University of Karnataka here on Wednesday, Prof. ... Read More »

Carbon sequestration through micro-algae technology in Odisha

According to reports, already having a distinction of the first Indian state to implement the Climate Change Action Plan, Odisha has now added another feather to its cap as the first state to pilot carbon sequestration through micro-algae technology successfully with encouraging results. This has been applauded at an international seminar on Carbon Sequestration held here today. The micro-algae biotechnology helps in capturing the carbon from flue gas of power plants very substantially and generates algae biomass which can be ... Read More »

IIT developing bio-hydrogen fuel from waste

According to reports, as part of a project funded by the Ministry of New and Renewable Energy, Professor Debabrata Das of IIT-Kgp’s department of biotechnology is leading a group of Indian scientists from six institutes to produce bio-hydrogen (hydrogen gas) using waste. “Our pilot plant of 10 m3 capacity would be ready within 3-4 months for which we are constructing a building inside the campus. Hopefully the pilot plan study would be done within a year and after that we ... Read More »

Budget outlay worryingly ‘too little’ for EVs

According to reports, the Budget outlay of ₹75 crore for electric mobility has come as a bit of a dampener for manufacturers like Mahindra Reva headed by Chetan Maini. In an interview, he throws more light on the subject even as he gears up to shortly move out of his present role as CEO to a new one at Mahindra & Mahindra. With the Union Budget announcing the launch of a scheme for faster adoption and manufacturing of electric vehicles (FAME) ... 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 »

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 »

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