Category: Uncategorized

PTI India has signed an agreement with Iceland to tap geothermal energy in the country, Union Minister for New and Renewable Energy Farooq Abdullah has said.“We are going deep under the earth”s surface to tap geothermal energy. The potential of it has been identified in Ladakh region, Gujarat and Chatisgarh”, Abdullah said, without giving further details about the agreement.The minister, who was speaking yesterday at the launch of 2MW variable speed turbine at the Wind Turbine Research Station (WTRS) in Kayathar, said geothermal Energy(GE) would be an important source of…

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Over the past two years the solar industry has shown itself to be incredibly resilient to the general economic crisis. This is the conclusion reached in the latest study published by Bank Sarasin’s Sustainability Research department entitled “Solar industry: entering new dimensions”. The Sarasin Group is incorporated in India as Sarasin Alpen India Private Limited which is a Non Fund Based Non Banking Financial Company” (NF-NBFC) with offices in Mumbai and New Delhi. The entity provides financial advisory and consultancy services to wealthy private clients in India and distribute select…

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The first phase of the National Solar Mission, that ends in 2013, would bring down solar power tariff by around a fifth to Rs 4.50 per unit. At present, the average cost of solar power in India is over Rs 15.30 per unit according to the norms fixed by the electricity regulator CERC. According to the ministry, the 20 per cent drop in cost at which solar power would be sold henceforth to distribution companies has been made possible because of huge discounts quoted by developers who have put their…

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Mumbai, AG, Germany’s second-largest utility, agreed to buy 227,460 United Nations emission credits at about 20 percent below market prices from a solar water heating project in India. The emission reductions will be generated by having 15,000 households, hotels and other users of electric water heaters switch to solar water heating, Ashok Singha, chief executive officer of CTRAN Consulting, an environmental advisory company that managed the project, said by telephone. The project is expected to earn 22,746 credits annually over 10 years from the UN-led Clean Development Mechanism, he said…

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The UK-India Business Leaders Climate Group (BLCG) is made up of some of the UK and India’s leading businesses and is chaired by Marks and Spencers chairman Sir Stuart Rose and Rajan Bharti Mittal managing director of Bharti Enterprises. Today, it launched a report identifying significant business opportunities in India for low carbon goods and services and set out for the first time a ‘Charter of Principles’ aimed at boosting UK-India low carbon investment and trade in both directions. “It’s absolutely vital that India and the UK work together to…

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New Delhi: Large hydro power projects held up for want of clearances would get a leg-up soon. The Planning Commission and the Union ministry of environment & forests have reached an informal understanding that the projects found to have little potential for environmental damage under preliminary assessments can be allowed to take off without waiting for more comprehensive studies of the whole basin. Confirming this to FE, Planning Commission member BK Chaturvedi said broader studies often took too long and made projects commercially unviable. A fourth of India’s planned expansion…

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