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Green vacation: Go on an eco-friendly safari

Green vacation: Go on an eco-friendly safari

The primary goal of modern-day eco-friendly African safaris is to lessen the ove...

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could be looking at economic losses of around 2 ...

South Asian countries face economic losses due to climate change – A.D.B. report

South Asian countries face economic losses due to climate change – A.D.B. report

Various countries in the South Asian region are looking at significant losses du...

World Bank aids Laos’ hydropower with $40 million in financing

World Bank aids Laos’ hydropower with $40 million in financing

The World Bank Group has inked two agreements for around $40 million in financin...

Vestas, EP Global Energy partner for donor-funded wind farm in Jordan

Vestas, EP Global Energy partner for donor-funded wind farm in Jordan

Wind turbine manufacturer Vestas and private energy asset developer EP Global En...

World Bank commits $5 billion for African renewable energy projects

World Bank commits $5 billion for African renewable energy projects

The World Bank Group has committed US$5 billion towards supporting energy projec...

Seven creative ways to teach your kids about eco-living

Seven creative ways to teach your kids about eco-living

According to Bureau of Labor Statistics, 3.1 million jobs in the United States w...

Business

Technology

Politics

Heavy rains and floods could be the “new normal”

Heavy rains and floods could be the “new normal”

Tuesday, 23 September 2014

Heavy rains and flooding experienced by three countries this weekend could be a sign of the “new normal,” according to the head of the United Nations ...

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Living Green

Nineteen easy ways students can help save Mother Earth

Nineteen easy ways students can help save Mother Earth

Thursday, 18 September 2014

Students are young, creative, energetic and outspoken that is why they have the perfect qualities to help save mother earth. They can be great eco-war...

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Renewables

Low-Carbon

Easy modifications to make your car more efficient

Easy modifications to make your car more efficient

Monday, 22 September 2014

There are plenty of reasons why you might be interested in lowering your car’s emissions. In some states, you may be required to pass a mandatory smog...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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Tata Power’s 25 MW solar farm in India gets enough funding to move forward


Tata Power, India's oldest and largest private power company, has secured enough financing agreements to back a 25 megawatt solar photovoltaic power plant it is currently developing at Mithapur, Gujarat.

Tata's financing comprises of equity valued at 110 million rupees ($2 million) and loans of 255 million rupees ($4.1 million). The project costs approximately 365 million rupees ($6.7 million) in total.

The loans and equity came from numerous sources, including the State Bank of India and Export Import Bank of India with SBI Capital Markets Limited acting as the sole financial advisor and arranger, according to a statement.

Tata Power Renewable Energy Limited, the company's subsidiary, has signed a power purchase agreement for the project with Gujarat Urja Vikas Nigam Limited, expecting the solar farm to be online by year end. (Oliver M. Bayani)



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