To make thermal power stations more flexible to accommodate renewable energy, tariffs of coal-based electricity may be raised by as much as Rs 0.45/unit, depending on the quantum of green energy being generated by solar and wind plants. The tariff rise is about 13% of the average all-India price at Read more…
As a human race we have done very well in the last century. It has seen a global economic boom on a scale never experienced before. According to the IMF paper titled, ‘The world economy in the 20th century: Striking developments and policy lessons’ world GDP at constant prices increased Read more…
The festive season is ushering. Optimism for a better environment and healthy quality of life is high on our minds. As Ganesha rings bell and promises to remove obstacles, and as we await Maa Durga to kill the evil forces and remove our woes and miseries, we brace for the Read more…
Construction of real estate space continues to grow at unprecedented rate, with urbanization of developing India. With the government’s reform agenda in full steam, there is no doubt that buildings and infrastructure shall continue to dominate urban and peri- urban space in the coming days. Buildings have significant energy and Read more…
The effects of global warming are already visible. Average temperatures are only 0.8 degree Celsius higher today than in 1880. Yet there is already an increasing frequency of extreme weather events, rising ocean temperatures and disappearing corals, melting glaciers and shrinking polar ice caps, and rising sea levels. Public action Read more…
While the government’s decision to re-classify large hydroelectric projects as renewable energy will certainly help the sector, the move will also go a long way in meeting the targets set by it for the sector, according to analysts. Earlier this month, the Union Cabinet approved a new hydroelectricity policy that, Read more…
SBICap Ventures’ Neev Fund is set to infuse about $5 million in renewable energy firm Punjab Renewable Energy Systems (Prespl) to acquire a significant minority stake in what would be the Series-B funding round. Prespl has also commitments of an additional $3-5 million funding in the same Series-B round from Read more…
To boost hydro power generation, the government Thursday approved a slew of measures including providing renewable energy status for large hydel projects and new funding provisions. Earlier, hydro projects up to 25 MW capacity were considered as renewables and were eligible for various incentives like financial assistance and cheaper credit. Read more…
Saudi Arabia will look at major areas for investments in India, sign pacts with agencies such as Invest India and participate in the country’s infrastructure fund during Crown Prince Mohammed bin Salman’s visit on Tuesday a day after he pledged investments worth an estimated $20 billion to Pakistan. Five MoUs Read more…
PTC Financial Services (PFS) is setting up India’s first infrastructure development debt fund, solely for renewable energy projects, in partnership with UK Climate Investments LLP (UKCI) and Department for International Development (DFID), UK. The company has raised Rs 400 crore from State Bank of India under the credit enhancement scheme, enabling it to raise bonds worth Read more…