A successful transition to new and renewable energy sources by the world’s fastest-growing major economy won’t only serve as a template for other countries but will also help firmly position it as a global green energy hub. A day after the ambitious Pradhan Mantri Surya Ghar Muft Bijli Yojana or Prime Minister’s free electricity scheme...
Category: Power & New and Renewable Energy
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Tata Power activates EV charging on Chandigarh-Shimla highway
The strategically positioned EZ charge stations at Hotel Falcon Crest on the Chandigarh-Shimla Highway around Kandaghat and The Oberoi Cecil, Chaura Maidan Road near Shimla, enhances the feasibility of EV travel on the route. The first charging point for EVs is 83 km from Chandigarh to Hotel Falcon Crest and the other charging point is...
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Irish company markets its boat with deck made from solar panels
Waterways Industrial, a start-up company based in Northern Ireland, has come up with a solar-powered Gridbeater Amphibian boat. The solar-powered vessel never runs out of fuel because it is propelled by a lightweight electric outboard motor powered by solar panels. Richard Bell of Waterways Industrial, who has been working in the solar industry since 2008,...
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Rs.24 trillion needed for India’s tripling of renewables by 2030: Report
In dia has announced its plans to reach 450 GW of renewable installed capacity by 2030, over three times the current capacity of about 135 GW. But highlighting the challenges in effecting such a transition, a new report by Ember, a UK-based independent think-tank focussed on climate affairs, has found that India would need an...
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REC CMDs views coincide with ICF theme of infrastructure funding and nationbuilding
New Delhi, 12 October 2023 — At a point of time when the construction and infrastructure industries are witnessing unprecedented growth, the eagerly awaited 9th India Construction Festival is being held at Shangri La, New Delhi, on 12th October 2023. The grand event was organised by First Construction Council in collaboration with Construction World and Equipment...
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Policy reforms lead to better health, greater lending power
REC Ltd, which finances and promotes power projects across India, has been gearing up for a big shift by focusing on renewable energy and other green projects. With the shift in priorities towards renewable energy, raising funds for renewables has become easier in the domestic and global market, says Vijay Kumar Singh, Director (Projects), REC Ltd....
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Patel Engineering & JV Partner Secure Rs. 1,818.56 Crore Contract
Patel Engineering & JV bag the Dibang Multipurpose Project Mumbai, August 28, 2023 – In a significant development, Patel Engineering Limited, a prominent player in the field of civil construction with a focus on hydropower and irrigation, has emerged as a key contender along with its joint venture (JV) partner to undertake the Dibang Multipurpose...
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Indian Army & NTPC arm sign agreement to build green hydrogen plants
The Indian Army and NTPC Renewable Energy Ltd (NTPC REL), a division of NTPC Ltd, have inked a contract for the execution of green hydrogen projects at military facilities. As mentioned in the MoU (memorandum of understanding) between NTPC Renewable Energy Ltd with the Indian Army, a staged identification of possible sites for the establishment...
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Raising of upto Rs 6billion bonds issued by Power Grid Corp
The board of the state-owned Power Grid Corporation has approved raising up to Rs 6 billion through the issuance of bonds for private placement. According to a BSE filing, “Committee of directors for bonds, in their meeting held on 24th March, 2023, have approved the raising of unsecured, nonconvertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXII (72nd)...
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1 GW of pumped storage projects in Karnataka won by JSW and Greenko
The Power Company of Karnataka (PCKL) has awarded contracts to JSW Neo Energy (JSW Energy) and Greenko KA 01 IREP (Greenko) for the provision of 1 GW of electricity supply of 8 hours per day from pumped hydro storage projects that offer continuous 5-hour discharge. By the bucket-filling process, JSW Neo Energy won 300 MW...