Ministry of environment & forest moots quotas for locally sourced materials, landfill taxes & environment liability Amidst BJP led government’s push to become a $5 trillion economy by 2025, the ministry of environment and forest has released the draft National Resource Efficiency Policy to implement resource efficiency across all relevant resources including metals, minerals, fossil […]
Economic Survey 2019: Charging infrastructure, not incentives, key to electric vehicle growth
Another major impediment to the adoption of EVs was the time taken for completely charging EVs, the Survey said. The Economic Survey has quoted studies showing that more than incentives offered to manufacturers and users, good charging infrastructure is key to mass adoption of electric vehicles (EVs). That is because the driving range of batteries […]
Investors with $34 trn demand action on climate change ahead of G20 summit
Almost 200 nations agreed in Paris in 2015 to limit the global average temperature rise to well below 2 degrees Celsius above pre-industrial times Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 […]
Srei Equipment gets USD 30 million from Netherland bank
Srei Equipment Finance Ltd on Thursday said it has received credit approval worth USD 30 million from FMO, a Netherlands-based development finance bank. “The loan will be fully dedicated to re-financing of green activities of Srei Equipment, primarily through the financing or leasing of equipment used for solar and wind projects,” the company said in […]
Moser Baer Solar fails to get new investors, to go under liquidation
Moser Baer Solar is a subsidiary of optical storage media maker Moser Baer India Ltd (MBIL), which is also facing liquidation The National Company Law Tribunal (NCLT) has directed Moser Baer Solar Ltd to go under liquidation, as the debt-ridden company failed to get any resolution plan from any firm within the mandated 270 days. […]
Rooftop solar project: 2,78,000 people register in Kerala
In Kerala, largest number of people registered for the project in Thrissur Palakkad: Rooftop solar power project, jointly undertaken by Kerala State Electricity Board and Agency for NonConventional Energy and Rural Technology (ANERT) is gaining popularity across the state. It is reported that a total of 2,78,000 people have registered for the project in its […]
Embassy Office Parks REIT raises Rs 3,000 cr via debentures
Embassy Office Parks REIT, India’s first listed real estate investment trust, has raised Rs 3,000 crore through private placement of debentures mainly to repay debt. Embassy Office Parks, a joint venture between global investment firm Blackstone and realty firm Embassy Group, is a leading developer of commercial real estate. It launched the country’s first real […]
ADB signs loan to finance SUS Environment’s waste-to-energy project in PRC
ADB’s loan to SUS will expand the PRC’s low-carbon circular economy and make cities more livable, through integrated urban waste management systems. The Asian Development Bank (ADB) signed a $100 million loan with Shanghai SUS Environment Company Limited (SUS) to finance a portfolio of innovative and socially inclusive waste-to-energy (WTE) facilities within low carbon eco-industrial […]
Polycab India IPO fully subscribed
Receives bids for 3.41 crore shares The initial public offer (IPO) of Polycab India received bids for 3.41 crore shares today, 6 April 2019, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 1.94 times. The issue opened for subscription on 5 April 2019 and closes […]
Agreement signed to generate clean energy through rooftop PV system in West Bank
The EIB’s investment, which falls under the Economic Resilience Initiative (ERI) will generate 35 MW of clean energy enough to power more than 16000 houses across the West Bank. The European Investment Bank (EIB) and the Palestine Investment Fund (PIF) have signed a loan agreement worth USD 18 million to finance the installation of rooftop […]
