CCEA Approves Sale of Govt’s 52.63% Stake in REC to PFC Updated On Fri, Dec 7th, 2018 by Saurenergy It may also allow for cheaper fund raising with increase in bargaining power for the combined entity. The Cabinet has provided its ‘In Principle’ approval for the strategic sale of the government’s existing 52.63 percent total paid-up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC). The government said in a notification […] Read more
European Union Plans to Become Carbon Neutral by 2050 Updated On Sat, Dec 1st, 2018 by Saurenergy The road to a climate neutral economy would require joint action in seven strategic areas: energy efficiency; deployment of renewables etc,. Committing to make Europe carbon neutral by 2050, European Union has adopted a long-term strategy to make EU the first major climate neutral economy. “The strategy shows how Europe can lead the way to […] Read more
Green Bank Network Earmarks $10 Billion for Green Projects Updated On Fri, Nov 30th, 2018 by Saurenergy Green Bank members invest across multiple technology platforms such as wind, utility, and small-scale solar, energy efficiency, low-carbon transport etc,. Green Bank Networks, specialized financial institutions involved in financing green projects, are expected to shell out $41 billion in as capital for projects around the globe. Green Bank members invest across multiple technology platforms such […] Read more
Uttar Pradesh to Soon Start Installing Smart Meters Updated On Fri, Nov 30th, 2018 by Saurenergy To be installed later in a phased manner, UPPCL had filed a petition seeking the approval of the regulatory commission for the installation of smart meters. Soon four million residents of Uttar Pradesh will get high tech smart meter, as the Uttar Pradesh Electricity Regulatory Commission has cleared Uttar Pradesh Power Corporation Ltd’s petition regarding […] Read more
Ameresco Finishes Three Solar Facilities in Ashland Updated On Tue, Nov 13th, 2018 by Saurenergy The Town partnered with Ameresco to develop the solar PV projects under a 20-year Power Purchase Agreement (PPA) Ameresco Inc., a leading energy efficiency and renewable energy company and the Town of Ashland held a ribbon-cutting at the Town’s capped landfill to celebrate the completion of the three solar facilities. The Town partnered with Ameresco […] Read more
Tata Power-DDL Becomes 1st Utility to Get PEER Gold Certificate in Asia Updated On Mon, Nov 12th, 2018 by Saurenergy Tata Power Delhi Distribution Ltd (Tata Power-DDL) has become the first company in the entire Asian continent to receive PEER (Performance Excellence in Electricity Renewal) Gold Certificate from Green Business Certificate Institute (GBCI). GBCI is the premier organization independently recognizing excellence in green business industry performance and practice globally. The award was presented by Milli […] Read more
EESL, ADB Ink Pact for $13 Mn GEF Grant to Establish EERF Updated On Mon, Nov 12th, 2018 by Saurenergy EERF aims to expand and sustain investments in the energy efficiency market in India, build market diversification, and scale up existing technologies. Towards supporting investments in new, innovative and scalable business models, EESL and Asian Development Bank (ADB) signed an agreement for a Global Environment Facility (GEF) grant of USD 13 million to establish an […] Read more
Smart Meters in Rural India a Win-Win Soln for All: ADB Updated On Mon, Oct 29th, 2018 by Saurenergy ADB decided to support a USD 200 million loan for Energy Efficiency Services Limited (EESL) to implement various demand-side energy efficiency projects in India. International development finance institution Asian Development Bank (ADB) is mulling to scale up satellite communication technology based smart meters projects as it finds it to be a win-win solution for various stakeholders, including […] Read more
Maharashtra Eyes Rs 25,000 Cr Investment in EV Segment Updated On Wed, Sep 26th, 2018 by Saurenergy Moreover, EESL will provide 1,000 such vehicles in phased manner on rent. The Chief Minister of Maharashtra Devendra Fadnavis has said that the state government has adopted a policy to promote electric vehicles (EV) and mulls to bring Rs 25,000 crore investment for their manufacturing. Fadnavis further said that its government is encouraging use of electric vehicles through […] Read more
