India and United Kingdom have agreed to create a fund for developing renewable energy within this country. India’s renewable energy minister Dr Farooq Abdullah recently had a meeting with his counterpart of UK Greg Barker in New Delhi.
Both the ministers agreed that the proposed partnership fund should be created on an urgent basis to scale up the installation of renewable energy technology in a cost effective and efficient manner in India.
Barker emphasised on private investment in addition to govt funding to promote renewables. “India should consider tapping funding from Capital Market Climate Initiative by proposing MW scale pilot projects,” he further suggested.

 India and UK to create fund for renewable energy

India Cements has reportedly acquired a coal mine in Indonesia, which is expected to go on stream by January 2012, for $20 million.

According to reports, India Cements is also in the process of setting up a 50 Megawatt power plant near Tirunelveli in Tamil Nadu. Sluggish growth of cement, increase in fuel and power cost, higher interest rate is the concern of the company and the industry as well. While the input cost have increased 7-8%, output cost rose only 2%.

India Cements acquires coal mine in Indonesia: reports

 

MUMBAI/SYDNEY: India-focused British miner Vedanta Resources is considering a bid for New Hope Corp, the $5 billion Australian coal miner that has put itself up for auction, two sources with direct knowledge of the matter said.

Vedanta, controlled by Indian billionaire Anil Agarwal, has held discussions with banks and is expected to appoint advisors ‘soon’, said the sources, who declined to be named as they were not authorised to speak to the media. “We are yet to begin formal talks,” one source told Reuters.

Vedanta mulls bid for Australian coal miner

 

Coal India’s production and sales volume in the September quarter declined – both YoY and sequentially – due to the extended monsoon.

Though this was offset by higher realisation from sales per unit, lack of clarity on core operational and regulatory issues still persists. And over-dependence on e-auction sales to drive the total earnings is not sustainable in the long term.

Coal India grapples with problems of operational clarity & over-dependency on e-auction

 

Mumbai: Rising interest costs and execution are the biggest challenges in the development of a viable renewable energy sector in India, panellists said at the India Economic Summit of the World Economic Forum (WEF) in Mumbai on Monday.

Borrowing costs pinch renewable energy industry

 

NAGPUR: After formulating the National Action Plan on Climate Change (NAPCC) in 2008, prime minister Manmohan Singh had urged all the states to submit a state action plan that would help form policies related to climate adaptation in the country. Only a few states have come up with their plans. However, none of these plans would really be able to serve their purpose, feel experts.

Activists meet to consider effects of climate change on women

NEW DELHI: Consensus eluded a meeting of key countries on climate change, including India, EU, China and the US, called by Spain along with South Africa and Mexico at Madrid recently.

No agreement at meeting of key countries on climate change

The salt-to-software conglomerate, the Tata Group, is just not content with its substantial presence in Canada’s iron ore mines like Direct Shipping Ore and Taconite projects. Over and above the majority stake in those assets, it wants more and now has its eyes firmly set on the country’s metallurgical coal reserves, too.

Growing hunger for coal takes Tatas to Canada

 

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) is mulling over the option of using imported coal alone for five of its upcoming thermal projects.

The power utility has been compelled to study the option as Coal India, the major supplier to the TANGEDCO, has pleaded helplessness in providing coal linkage to new projects in view of “acute shortage”, says an official. Environmental clearance, the most important approval for a power project, will be given by the Union government normally after coal linkage is firmed up.

State may have to rely on imported coal for new thermal projects

 

AHMEDABAD: The state’s four major thermal power plants will continue to get coal supply from Chhattisgarh.

In a reply to the demand raised by Gujarat MP Harin Pathak to provide coal to the state thermal power plants from western coal fields, Union minister of state for coal Pratik Patil has stated that the decision to supply coal from South-Eastern Coalfields Limited has been taken with a view to preserving coal for the future in coal mines of Western Coalfields Limited.

Chhattisgarh coal will continue to power Gujarat