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In ‘smart city’ move, NDMC plans solar panels in schools

According to reports, in its bid for the ‘smart city’ tag, the New Delhi Municipal Council (NDMC)’s solar project is gathering momentum. The civic body will inaugurate the Solar Roof Top Power Project on Tuesday at a government school in its area. The council has also initiated a policy under which households can produce solar energy and transfer it to the power grid. “There are two places in government schools where solar panels are going to be set up. They ... Read More »

Havells India acquires majority stake in Promptec Renewable Energy

According to reports, Havells India on Monday said it has acquired a 51 per cent stake in Bangalore-based LED and solar lighting products maker Promptec Renewable Energy Solutions at an enterprise value of ₹65 crore. The company said this acquisition marks Havells India’s entry in the solar energy segment and will also help it grow aggressively in the LED space with short development cycles for new products. Post-acquisition, the promoter group of Promptec would continue to hold a 49 per ... Read More »

Call for stiff fine to check green sop misuse

According to reports, levy stiff penalty to deter developers from taking undue advantage of the 10% additional floor area ratio (FAR) incentive offered by the state government to encourage development of green buildings. That was the consensus decision at a brainstorming workshop on the issue organized by the New Town Kolkata Development Authority (NKDA) that regulates construction activity in the satellite township. In August 2014, the state government announced its decision to allow 10% extra FAR for green buildings. The ... Read More »

Odisha MP for greener, sustainable energy for his constituency

According to reports, with an aim to provide energy access to people with greener and sustainable alternatives, a Lok Sabha MP has planned a host of development activities in his constituency based on renewable energy.  Second-time Lok Sabha MP Kalikesh Narayan Singh Deo of Biju Janata Dal has supported a study to assess the potential of low carbon development and clean energy access in his constituency Bolangir in Odisha. “The study is currently under progress and is likely to provide ... Read More »

India can save $7 billion per annum by use of LED bulbs: Goyal

According to reports, India can save up to $7 billion (about Rs 43,750 crore) annually by replacing incandescent lamps with energy efficient LED bulbs, power minister Piyush Goyal said on Friday. “We have set challenging targets to save energy as energy conservation has an equally important role to play with generation. We are looking at savings of nearly 100 billion units of power, by the use of LED lights, translating into $7 billion annually,” he said at ‘Urja Sangam’ here ... Read More »

Harsh Vardhan urges Indian scientists to use renewable, green material

According to reports, Harsh Vardhan, Union Minister for Science and Technology, has urged scientists and technologists working on developing low cost building and structural material that they have got to bear most of the burden of implementing Prime Minister Narendra Modi’s dream of a roof above every head by 2022.Addressing the staff of the CSIR-Structural Engineering Research Centre (CSIR-SERC), a Laboratory of the Council for Scientific and Industrial Research (CSIR),Harsh Vardhan said, “More than ever before we need low cost ... Read More »

PSBs commit ₹1.71-lakh cr for green lending

According to reports, public sector banks have made ‘green lending’ commitments totalling ₹1,70,740 crore to help stakeholders put up renewable energy projects over the next five years. At an average project cost of ₹5 crore per megawatt (MW), green energy generation in the country is expected to increase by 34,148 MW during this period. The green lending commitments were recently made by the banks to the Ministry of New & Renewable Energy (MNRE). The sources of green (clean) energy include ... Read More »

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