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IVCF lines up Rs 100cr investment for startups

December 13, 2009 by Team EAI

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...
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Soham Renewable To Raise Rs 90 Cr From FE Clean Energy Fund

December 13, 2009 by Team EAI

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...
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Amul Dairy Gets National Energy Conservation Award, 2009

December 13, 2009 by Team EAI

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...
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Kolkata’s Raj Bhavan Starts Using Solar Energy

December 10, 2009 by Team EAI

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...
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Reliance Industries Ltd Explores Solar Energy

December 10, 2009 by Team EAI

Reliance Industries Ltd (RIL) is quietly working on a plan to harness solar energy. The segment is a new growth driver outlined by the management at an investor meet less than a month ago. A division under the oil-to-yarn and retail conglomerate has received global safety and quality certifications for...
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How India can cut its energy needs by 20%!

December 10, 2009 by Team EAI

Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Parikh. Nice and useful article
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West Bengal Looks for Renewable Energy – Solar, Waste to Energy

December 10, 2009 by Team EAI

West Bengal has started taking small but steady steps to promote the use of renewable energy. The state saw the inauguration of the country’s first commercial unit of 1.25 MW solar photovoltaic power plant along with the first bio mass project of 10 MW recently. It has also decided to...
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Indian Auto Companies Under Pressure to Reduce Emissions

December 10, 2009 by Team EAI

The heat of global warming and the global economies have forced India to step up its pressure on the auto sector to make deep cuts in carbon footprints. Despite having introduced Euro emission norms way back in 2000, India’s transport sector contributes 15-20 per cent of the total greenhouse gas...
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Suzlon Gets Rs 192-cr Wind Turbine Order from RSMML

December 10, 2009 by Team EAI

Suzlon Energy has secured a Rs 192-crore order from Rajasthan State Mines and Minerals Ltd (RSMML) for supplying 31.5 MW of wind turbines. According to a press release, the order comprises 15 turbines of 2.1 MW each. Suzlon already has 500 MW installed capacity for various customers in Rajasthan. The...
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Energy-efficiency Norms Proposed for Indian Industry

December 10, 2009 by Team EAI

India is quietly raising its stake in the global green game, even as leaders haggle over global warming in Copenhagen. The government is expected to clear on Thursday a proposal to put in place a market-based mechanism to force industry and commercial establishment to improve energy use, a move that...
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