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Time of India
12 hours ago
- Business
- Time of India
New biofuel policy to be implemented soon in Karnataka: KSBDB chief
Gadag: Karnataka State Bioenergy Development Board (KSBDB) chairman SE Sudheendra stated that all preliminary activities for the formulation of a new biofuel policy in the state have already been completed. The new biofuel policy will be announced soon by the state govt, and guidelines for its implementation have already been prepared. Inaugurating the Sadbhavana Day, Renewable Energy Day, and World Biofuel Day celebrations, organised by KSBDB at the Rural Development University on Wednesday, Sudhindra explained that an investment of over Rs 1 lakh crore is expected in the biofuel sector over the next five years. "This will create over three lakh direct and indirect jobs, increase the income of farmers' families, and provide encouragement to young entrepreneurs. The coming five years will be crucial for the development of the biofuel sector in Karnataka," he asserted. Sadbhavana Day and Renewable Energy Day are celebrated to highlight the advancements in science, technology, information, and life sciences in the 21st century. The main aim of Renewable Energy Day is to raise awareness and consciousness about national unity, social harmony, and tolerance among people. It primarily focuses on educating students about renewable energy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo On this World Biofuel Day, the KSBDB has already been successfully implementing awareness programmes about biofuels in the state. In the current scenario, the enhancement and commercialisation of the biofuel sector are essential. Various states are leading in biofuel production, and the board must also formulate plans in this direction, he said. Gadag deputy conservator of forests Santosh Kenchappannavar mentioned that the country has seen the Green Revolution and White Revolution. Now, the biofuel revolution will complement the country's development. Previously, importance was given only to fuels produced from trees and plants. Recently, ethanol production from sugarcane has increased. Electricity is being generated from raw material obtained by burning sugarcane waste. The increased production of biofuel from sugar factories is strengthening the energy sector. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
16 hours ago
- Business
- Time of India
State lags in renewable energy generation despite huge potential
Ranchi: Jharkhand has made modest progress in renewable energy sector despite possessing ample resources, stated the 'Powering Progress: Jharkhand's renewable energy and storage potential' report released on the occasion of Renewable Energy Day on Wednesday. The study by the Jharkhand Sustainable Just Transition Task Force and the Centre for Environment and Energy Development (CEED) assessed renewable energy potential across 24 districts of the state. "Renewable sources contribute just seven per cent to the state's energy production. While Jharkhand has an estimated renewable energy and storage potential of 66 gigawatt (GW), its installed capacity stands at only 434 megawatts (MW) as of 2024-25 FY. The gap between the potential and the actual energy generation was due to the lack of detailed and actionable research at the block and district levels," the report stated. Out of the 66 GW energy potential, the state has an estimated potential of 46 GW from various renewable energy technologies and 20 GW from pumped hydro energy storage. Giridih, Ranchi, Gumla, West Singhbhum, Hazaribag, Palamu, and Chatra districts were identified as high-potential areas for generation of renewable energy and integrated renewable energy planning with district-specific targets for renewable energy were recommended. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Task force chairperson AK Rastogi said, "The report presents the first of its kind comprehensive, high-resolution assessment of renewable energy potential across all 24 districts of Jharkhand, which can provide a transformative opportunity redefining the state's economic and environmental future. This assessment will fill the gap and demonstrate that the transition from coal-dependent energy systems to renewable sources is not just environmentally imperative but economically compelling, offering pathways to create green jobs while attracting investments in the state. " Applauding the state govt's initiative, CEED CEO Ramapati Kumar said, "The state can ensure energy security, economic diversification, and climate resilience while setting a benchmark for eastern India's clean energy future by embracing its renewable potential. CEED is proud to provide steadfast support to the task force and the state govt in pursuit of low-carbon development pathways." Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
