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The Indian government has linked up its biggest investment idea in recent years with Climate change concerns. The commerce and industry ministry on Monday unveiled its plans to make all special economic zones (SEZs) eco-friendly by mandating the use of renewable energy sources, and energy efficient buildings that conform to...

The government allows 100 per cent foreign direct investment (FDI) in the renewable energy sector and has put in place a conducive policy to attract foreign companies in the sector.The government, he said, has formulated a generation-based incentive scheme in wind power projects, especially for the foreign investors, who cannot...

A recent study of the power sector has opined that the power trading in India is still at nascent stage.According to a study conducted by Ambit research, the power traded, in volume terms, is just 8.1 percent of total power generation in the country (4.9 percent excluding UI).Of this, 52...

Azure plans to build up a capacity of 100 MW by 2013 which will require an investment $300-400 million.Azure Power, a solar energy services provider, is close to raising $10 million from International Finance Corporation (IFC), the investment arm of the World Bank. The funds will be used by Azure,...

India is planning to invest over Rs 74,000 crore within the next five years to improve energy efficiency and cut carbon emissions from its power sector. Coal-based power generation plants account for around 60 per cent of India's total carbon emissions. The country's biggest power producer NTPC Ltd has already...

Natural Power, an India-focused solar energy firm, is looking at setting up a 5 MW solar farm near Jaipur at a cost of Rs 85 crore. The company will finance 70 per cent of the total project cost through a combination of private equity and debt raised from Indian and...

IFCI Venture Capital Funds (IVCF), the venture capital arm of IFCI, is planning to invest Rs 100 crore in startups over the next nine months. The firms previous investee firms include Jagdish Khattar-led Carnation Auto.The Rs 1,400 crore-group is identifying potential startups in the energy efficiency and renewable/non-conventional energy sectors....

Soham Renewable Energy India (SREIPL), a Bangalore-based company involved in power generation in the renewable sector is close to raising Rs 90 crore from FE Clean Energy, a private equity firm investing in mid-market energy efficiency space. The company expects the process to be completed by the end of January...

Amul Dairy, Anand has been selected for certificate of merit award for the year 2009 as a part of 'National Energy Conservation Award - 2009' constituted by Ministry of Power, Government of India.Amul has introduced several energy conservation projects such as replacement of energy intensive old boilers with fully automatic...

Kolkata’s Raj Bhavan became the first governor’s house in the country to go solar. President Pratibha Patil switched on the 12 solar power panels amid an august gathering at the governor’s residence on Monday evening, barely a few hours after the Copenhagen summit began.The Kolkata Raj Bhavan, incidentally, used to...