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...
Category: Power & New and Renewable Energy
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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...
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MNRE to implement Rooftop Solar Programme Phase-II
Target of 4,000 MW RTS capacity addition in residential sector The Ministry of New and Renewable Energy (MNRE) is executing Rooftop Solar Programme Phase-II, for which the guidelines were released in August 2019.Under this Programme, 4,000 MW rooftop solar (RTS) capacity addition is targeted in the residential sector via Central Financial Assistance (CFA). CFA up...
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Punjab floats tender for 217 MW solar projects under PM-KUSUM
The solar power projects are under Component-A of PM KUSUM Scheme The Punjab Energy Development Agency (PEDA) has invited bids from farmers, groups of farmers, panchayats, cooperatives, farmer producer organisations (FPOs) and water use associations in Punjab for the construction of 217 MW solar power plants under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan...
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India’s solar installations in 2021 surpass a record 10 GW capacity
India’s solar installations witnesses a huge jump of 210% YoY According to Mercom India Research’s recently released Q4 and Annual India Solar Market Update report, India installed a record 10 GW of new solar capacity in 2021, a huge jump of 210% year-over-year (YoY) compared to 3.2 GW installed in 2020.In India, this is the...