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Sunday, 23 June 2013

India slips in renewable energy attractiveness index

According to reports, high entry-barriers for foreign investors and the rising cost of financing have led to the country slipping to a low eighth position on the renewable energy country attractive index in the first quarter of 2013, says an Ernst & Young survey.
According to the report ‘Renewable Energy Country Attractiveness Index’, India’s ranking slipped from fourth position to eighth this period, due to several challenges, including high cost of finance, entry-barriers for external investors, among others.
“While the country’s rating may have slipped, there are significant positives. India is only behind Belgium in the priority the renewable sector receives,” he said.
The ranking is made based on increased focus on the role renewable energy plays in country’s energy mix, energy supply and demand, the cost competitiveness of renewable energy, the importance of de-carbonisation and an increased emphasis on the economic and political stability of each particular market.

Friday, 7 June 2013

Kanpur gets introduced with Solar Street Lights

According to reports, residents of Krishnapuram GT Road are a happy lot as their area remains illuminated even during power cuts.
People have no fear while going for a stroll in their locality or park even during late evening or night hours, courtesy, the Kanpur Nagar Nigam, which has installed solar lights on an experimental basis in the locality.
The residents had asked for the installation of solar lights instead of street lights powered by electricity as area used to witness frequent power-cuts and rostering. Mr. Rajeev Sharma, deputy commissioner of Kanpur division had asked the road light department to install solar lights as an experiment and had passed an order to monitor them. Now these light are proving to be a boon for the local residents.
A K Tandon, Reserve Bank employee and a resident of the area, said, use of generator has minimised in his lane as roads remained illuminated by solar lights. Minimum use of gen-sets has led to better environment in the locality. Not only the residents of Krishnapuram GT Road but people from the nearby localities also come here for walk in evening when there is a power cut in their area.
Nagar Nigam has also installed solar lights in few other parks like Rajeev Vatika where people enjoy in late evening hours irrespective of power cuts.