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JICA extends ODA loan of Rs 3,500 cr for energy sector

finance

According to reports, Japan International Cooperation Agency (JICA) today signed agreements with the Small Industries Development Bank of India (SIDBI) and the Indian Renewable Energy Development Agency Limited (IREDA) to provide 30,000 million Japanese Yen (approx Rs 1,750 crore) Japanese Official Development Assistance (ODA) to each of the two institutions to enhance energy availability in India. The agreement was signed by Shinya Ejima, Chief Representative, JICA India with N K Maini, Deputy Managing Director (In-charge), SIDBI and with K S ... Read More »

Neosilica to focus on green energy smart solutions

smart-grid

According to reports, Hyderabad-based NeoSilica, a provider of technology solutions for smart cities and smart grids, is keen to expand its footprint in the renewable energy performance management solutions. Satyam Bheemarasetti, CEO of Neosilica, says the company’s Smart Energy SCADA (supervisory control and data acquisition) solution captures a solar plant’s critical energy performance by utilising data analytics and updates it through a cloud-based software solution relaying it real time. He explains that most of the solar plant managers were collecting ... Read More »

Piyush Goyal to launch three energy efficient initiatives

OLYMPUS DIGITAL CAMERA

According to reports, the initiatives developed by Bureau of Energy Efficiency under Ministry of Power include Design Guidelines for Energy Efficient Multi-Story Residential Building Star Rating for Hospital Buildings and for Diesel Generators. Dharmendra Pradhan, Minister of State (I/C) for Petroleum and Natural Gas will deliver the keynote address at the function. Design Guidelines for ‘Energy-Efficient Multi-Storey Residential Buildings’ is developed with the objective to provide a comprehensive information on how to design energy-efficient multi-storey residential buildings. The guidelines take ... Read More »

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

cleantech

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 »

‘Low-cost funds needed to scale renewable energy market’

cleantech

According to reports, innovative financing solutions is needed in order to scale India’s renewable energy markets and widespread job creation, according to an analysis by the Natural Resources Defence Council and the Council on energy, Environment and Water. Access to low-cost finance needs to be improved using diverse financial mechanisms such as infrastructure debt funds, priority sector lending and tax incentives. These may include accelerated depreciation and tradable tax certificates, says the analysis. Investor confidence may be enhanced by strict ... Read More »

UK shows interest in investing in renewable energy sector

cleantech

According to reports, the United Kingdom has evinced keenness in investing in renewable energy sector in the State. A delegation led by UK Secretary of State for Energy and Climate Change Edward Davey called on Chief Minister N. Chandrababu Naidu in Hyderabad on Wednesday and interacted with him about the potential for investments in the renewable energy sector. Expressing interest in clean and green energy sources, Mr. Davey said his country was interested in investing in solar and wind power ... Read More »

Industry leaders to gather at Renewable Energy Expo

cleantech

The eighth edition of the Renewable Energy India Expo set to take place between September 3-5 will bring together industry leaders from all segments of renewable energy industry. The three day program, apart from being the largest renewable expo in the country is also likely to witness intense discussions and focus group meetings apart from workshops and panel discussions, the outcomes of which could play a significant role and provide valuable inputs and thoughts as India charts its renewable energy ... Read More »

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