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Hemas Power, a subsidiary of Hemas Holdings PLC, announced an Initial Public Offering for 31.3 million ordinary shares which will be listed in the Colombo Stock Exchange hoping to raise between Rs. 532 million and Rs. 626 million to fund projects in non-conventional renewable energy generation.

Washington: A team of scientists has created a prototype of aspeed bump that can capture kinetic energy from vehicles passing by, to convert it into clean green electricity.

According to a Fox News report, the prototype, known as the

The Maldives, one of the countries most at risk from rising sea levels, will not attend this year's Copenhagen summit on climate change because the atoll nation is broke, its president said Monday.

President Mohamed Nasheed told reporters in the capital Male that his newly-elected government had no money to fund his visit to the UN climate change conference in Copenhagen in December.

The World Bank (WB) has included for the first time Tarbela Fourth Extension Hydropower project worth $300 million in its lists of proposed projects and project concept note at WB

Japan's prime minister-elect said on Monday he will forge ahead with a tough 25 percent cut in emissions by 2020, despite growing opposition from industry which says the target will hurt the world's No. 2 economy.

But Yukio Hatoyama added that the target, more ambitious than the outgoing government's, was premised on a deal on ambitious goals being agreed by major nations.

Signs Pact To Get Rs 50,000 Cr Investment In 5 Yrs
Ahmedabad: The Clinton Climate Initiative (CCI), a programme of US-based William J Clinton Foundation, on Monday announced setting up of the world

The Maldives archipelago, threatened by rising sea levels blamed on climate change, said on Monday it would introduce a new environment tax on all tourists who use its resorts and provide its economic lifeline.

Mumbai Come march, Mumbai will have solar-powered streetlights. The Brihanmumbai Municipal Corporation has proposed to install solar panels on nearly 50,000 out of 1.25 lakh lampposts across the city.

Japanese oil refiner Showa Shell Sekiyu KK said it will invest $1.1 billion to build a new thin-film solar cell plant, as it chases First Solar in a growing market.

Showa Shell's 100 billion yen plant -- its third solar cell facility -- will boost its annual production capacity twelve-fold to 980 megawatts when it comes onstream in the second half of 2011.

CHENNAI: If the Indian Government diverts a part of the subsidy for fuels to create renewable energy sources, there will be a tremendous change in the lives of people, said Farooq Abdullah, Union Minister for New and Renewable Energy.