AHMEDABAD: To support innovative and commercially viable ventures in clean energy , the Indian Institute of Management , Ahmedabad (IIM-A ) will launch the Indian Fund for Sustainable Energy with an estimated fund size of . 100 crore, here tomorrow. The fund is being launched in collaboration with the Ministry of New Renewable Energy (MNRE), Technology Development Board (TDB), and British Petroleum (BP). INFUSE, shall be managed by IIMA’s Centre for Innovation Incubation and Entrepreneurship (CIIE). “We shall support all innovative and commercially viable ventures in clean and green technology. It could be a grass root level innovation even,” CIIE Chairperson Rakesh Basant said.

IIM-A to launch 100-crore green fund

India cannot talk about greatness when the country has a 95% import dependence on oil and 40-45% import dependence on coal, said Deepak Gupta, secretary of the Union Ministry of New and Renewable Energy, adding “this means a small country like Libya can control us”.

‘Rural electrification can only come from renewable sources’

New Delhi, Aug 23 (PTI) East African nation of Djibouti has sought India”s help in exploiting the geothermal, solar and wind energy sources there.
Djibouti”s Minister of Energy, Water and Natural Resources, Fouad Ahmed Aye, today met New and Renewable Energy Minister Farooq Abdullah and informed him that his nation has “vast potential in areas of geothermal energy, solar energy and wind energy but needs Indian assistance in exploiting these sources,” an official release said.

Djibouti seeks Indian help in field of renewable energy

In the first-of-its-kind public-private partnership, the Indian Institute of Management, Ahmedabad’s (IIMA) Centre for Innovation Incubation and Entrepreneurship (CIIE) has joined hands with Ministry of New and Renewable Energy (MNRE), BP (earlier known as British Petroleum) and Technology Development Board (TDB) to launch the Indian Fund for Sustainable Energy (INFUSE).

CIIE to launch Rs100 crore energy fund

NAGPUR: Climate change is on everybody’s minds these days. The National Remote Sensing Centre (NRSC) of Indian Space Research Organisation (ISRO) has also planned to launch some sophisticated satellites to keep a watch on climate change.

ISRO’s eyes in the sky to watch climate change

 

PATNA: In a first, the Bihar Renewable Energy Development Agency (BREDA) in collaboration with the Centre has conducted energy audit of the state capital`s major 14 government buildings to make an assessment of the amount of energy consumed. It is aimed to initiate a process to minimize the wastage of energy in government buildings.

Audits aim to save energy in govt buildings

Climate change represents a threat not only to the existence of individual species, but also to the genetic diversity hidden within them, researchers say. The finding promises to complicate assessments of how climate change will affect biodiversity, as well as conservationists’ task in preserving it.

Climate change will hit genetic diversity

Climate change today is one of the most serious problems facing humanity, effects of which long-term, global and even life threatening. The problem is not only environmental but it is encompassing social and economic issues within, which need to be addressed without delay.

Cities and Climate Change

BANGALORE: Minister for Energy, Food and Civil Supplies Shobha Karandlaje said that the state is tapping renewable sources of energy to meet the increasing demands for power.

Renewable energy to power Karnataka by 2016

PUNE: REFUsol GmbH, a manufacturer of solar inverters, will start local production of its products from the end of this year and first deliveries by early 2012. This manufacturing facility will be located in Pune, where it has already set up a customer support office.

German solar inverter to set up manufacturing base in India