Metro plans first solar power plant
A purchasing power agreement to that effect has already been signed between DMRC and the developer of the solar plant
Feb 24, 2014
Source : The Financial Express

 

DELHI: The Delhi Metro Rail Corporation has planned to install a rooftop solar power plant with a generation capacity of 500 kWh on Dwarka Sector-21 Metro station. The plant is expected to start production in six months, DMRC officials said.

“After the installation of this rooftop plant, DMRC will also explore the possibility of installing more such plants at its stations, depots, parking lots and residential complexes,” Anuj Dayal, chief spokesperson, DMRC, said.

He said efforts were being made to integrate such solar plants with Metro Phase-III stations.

According to DMRC, the capital investment for the plant will be provided by the developer of the plant, who will then charge DMRC for the power generated by the plant. “The energy so generated will be utilised towards fulfilling station requirements of Dwarka Sector-21,” Dayal said.

A purchasing power agreement to that effect has already been signed between DMRC and the developer of the solar plant.

“This step is in line with efforts towards increased use of renewable sources of energy. In 2011, DMRC was certified by UN as the first Metro system in the world to get carbon credits for reducing greenhouse gas emission,” Dayal said.

Latest Realty News

Miranda House and Lotus Greens spread message of sustainability at Tempest 2014
Feb 24, 2014
DELHI: Sponsored by Lotus Greens, the real estate company known for its Environment friendly initiatives & Sustainability drive, the annual Miranda House Fest – Tempest, rocked the Delhi University one more time. The fest appropriately adopted the theme shades of green, to spread awareness on sustainability. The idea of the three vital Rs- Reduce, Reuse and Recycle, were utilized in all aspects of the fest from campus decorations to the events. Even the Invites for the fest were handmade and de
Rs 120 cr in tax dues from over 1,000 properties: NDMC
Feb 24, 2014
DELHI: Property tax worth Rs 120 crore is due from over 1,000 commercial and residential properties in north Delhi, the North Corporation has said while warning of measures to name and shame defaulters.
DLF sales bookings up 46 per cent to Rs 3,760 crore in April-December
Feb 24, 2014
DELHI: Realty major DLF's sales bookings rose 46 per cent to Rs 3,760 crore during April-December period of this financial year despite a slowdown in the real estate market.
Buying a house? Mitigate risk with possession-linked plan
Feb 23, 2014
DELHI: With sales in the real estate sector slowing down, developers are coming up with a variety of attractive offers to persuade customers to buy. One innovation that the current slowdown has spawned is the possession linked payment (PLP) plan. Until recently, the most popular plan was the construction linked payment (CLP). Here, the payment to developer, either by the buyer or the bank from which the loan is taken, is linked to construction milestones.
Noida-based realtors demand for Environment Impact Assessment
Feb 22, 2014
DELHI: To meet the deadline of both residential and commercial projects and bring the prices down by at least 10 per cent, the Noida-based realtors have demanded for Environment Impact Assessment (EIA), a norm for provide auto environmental clearance to all types of real estate projects in India.
VBHC launches VAIBHAV Phase II in Delhi NCR
Feb 22, 2014
DELHI: Value and Budget Housing Corporation (VBHC), pioneers of affordable housing in India, have announced the launch of Phase II of their Project Vaibhav in NCR- Bhiwadi region. Vaibhav Phase II will have a total of 395,866 sq ft 2BHK apartments. The township is built in 5 towers of 2 basements& 10 floors each and the project is spread across 4 acres of land.
Realty companies with foreign investment may buy farm land in India
Feb 22, 2014
DELHI: The urban development ministry is pushing for retrospective application of a significant change proposed in the foreign direct investment (FDI) policy for construction sector, which will allow foreign investors to purchase farm land in India.
Gurgaon-Pataudi Road is set to emerge as a prime residential destination
Feb 21, 2014
DELHI: Once upon a time, Pataudi was the seat of a princely state, which was ruled by the nawabs of Pataudi. With the rising demand in housing today, Pataudi (Gurgaon-Pataudi Road) has turned into an urban cluster teeming with real estate development and industrial set-ups.
Rs 50,000 cr Tax-free Bonds to Boost Infra Investments
Feb 20, 2014
DELHI: India will need $1 trillion by 2020 for the infrastructure sector while projects worth over thousands of crore are yet to get off the ground for want of different clearances.
Real estate market looks up in Greater Gurgaon
Feb 20, 2014
DELHI: Located 24km from Gurgaon city, Greater Gurgaon, the newly-notified area in the new Master Plan, is the new marketing name for Sohna Road. Currently, Greater Gurgaon is registering a boom in the real estate market with supply keeping pace with demand; experts even say the area is all set to emerge as the next axis for residential, commercial, institutional, and industrial development in Gurgaon.

Latest Realty News Of State

Realty Talk's