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Bio-fuels should be cost-effective for Railways, says Gowda

According to reports, bio-fuels should be genuinely sustainable and cost-effective for the Indian Railways to use such fuels, said DV Sadananda Gowda, Minister of Railways, at an event organised by Bio-Diesel Association of India here. Supplementing Gowda’s views, Minister of State for Railways Manoj Sinha said that in order to generate interest in bio-diesel, adequate quantities of the alternate fuel will have to be made available at competitive and attractive prices. However, the Indian Railways is keen to promote the ... 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 »

NTPC looks ahead to PM’s US visit for its geo-thermal project

According to reports, state-owned power major NTPC is looking at Prime Minister Narendra Modi’s proposed visit to the United States to harness its plan for the country’s first eco-thermal project. “We may need to send a team to the US to identify agencies for collaboration. But this will be taken at the government level after the Prime Minister’s visit to the US. At present the geo-thermal project is at an exploratory stage and the DPR 9 detailed project report is ... Read More »

Gensets add up to under half of installed power capacity

According to reports, with India power-starved, the millions of diesel generator (DG) sets working to meet the shortage in industrial and commercial units now add up to a cumulative capacity of 90,000 MW. That figure is nearly equal to what was India’s total installed power generation capacity just over a decade ago (March 2002) and about 36 per cent of the current installed generation capacity. As per more figures compiled by the country’s power regulator, the DG capacity is growing ... Read More »

Govt considering National Electric Mobility Mission Plan

According to reports, the government is considering National Electric Mobility Mission Plan (NEMMP) 2020, which would provide incentives to the tune of about Rs 14,000 crore for promotion of cleaner electric vehicle technologies in India, Parliament was informed today. “A Scheme under the National Electric Mobility Mission 2020 has been proposed for Expenditure Finance Committee and Cabinet. The scheme is to be approved by EFC and cabinet,” Deputy Heavy Industries Minister P Radhakrishnan said in a written reply to the ... Read More »

Electric bus pilot project to be launched in Gujarat

According to reports, as part of efforts to ensure a cleaner and greener environment, the Gujarat Government will soon introduce a pilot project to run ‘electric buses’ for public transport between the state capital Gandhinagar and Ahmedabad. Moving ahead, the state-run Gujarat Power Corporation Ltd (GPCL) has invited expression of interest from the potential companies interested in the project which has been flashed on its official Web site. “GPCL is all set to introduce an ‘e-vehicle’ project on pilot basis ... Read More »

Govt readies Rs 14,000 cr subsidy for hybrid, electric cars

According to reports, buying a hybrid or an electric car may soon fetch you a subsidy from the government, which is readying a Rs 14,000-crore scheme to push green vehicles. The subsidy will be a proportion of the difference between the price of a car running on fossil fuel and that of a green vehicle, said sources involved with the discussions. Similarly, the purchase of mild hybrids will fetch you a 15% subsidy, while a stronger version will get a ... Read More »

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