Green Energy

Indian companies are expanding their clean energy consumption, but tardy progress in rooftop solar is a missed opportunity

Shree Cement is the first company to purchase cow dung that the state government has been procuring under its scheme of the Godhan Nyay Yojana

Under this partnership, McPhy will grant an exclusive license of its pressurised alkaline electrolyser technology to L&T for manufacturing of electrolysers, including future product upgrades

The central government on Friday allowed state-owned power giant NTPC to invest more than the ceiling of 30 per cent of its networth in its subsidiary NTPC Green Energy Ltd (NGEL). NTPC's net worth stood at Rs 1.28 lakh crore, as per its annual report for the financial year 2021-22. This assumes significance given the NTPC's ambitious target of 60 GW of renewable energy by 2032. Presently, the maharatna central public sector undertakings require approval of the Union Cabinet to invest an amount more than 30 per cent of its net worth. "Cabinet approves exemption to NTPC Ltd from the extant guidelines of delegation of power to Maharatna CPSEs for making an investment beyond the prescribed limit in NTPC Green Energy Ltd," an official statement said. It has also exempted NGEL's investment in NTPC Renewable Energy Ltd (NREL) and its other JVs/subsidiaries (joint ventures), subject to a ceiling of 15 per cent of its net worth beyond the monetary ceiling of Rs 5,000 crore to Rs 7,500 cror

Reading out his first Budget in the Vidhan Sabha, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Friday announced a slew of green energy schemes

Sterlite Power on Monday said that it has successfully commissioned its largest green energy corridor in Gujarat called Lakadia-Vadodara Transmission Project. The project aims to deliver more than 5,000 MW of power from renewable rich regions of Bhuj and Kutch to the national grid, a step towards accelerating India's transition towards a greener economy, a statement said. Sterlite Power, a leading power transmission company in India and Brazil, announced the commissioning of its green energy corridor project - Lakadia-Vadodara Transmission Project Ltd (LVTPL), it stated. Built with an investment of Rs 2,024 crore, this inter-state transmission project connects the 765/400 kV substation at Lakadia to Vadodara through a 335 kilometres long 765 kV double-circuit transmission line, it stated. With 812 towers spanning seven districts in Gujarat, this transmission corridor is also one of the largest in India till date, it claimed. Additionally, it forms a critical part of the world's ..

The firm had aimed at 45 Gw of RE capacity by 2030, the year India is envisaging to have 500 Gw of non-fossil fuel capacity

"The project will be funded through both debt and equity and we will approach banks in India and abroad for debt"

Japan-based JFE Engineering Limited has agreed to provide technical support to the upcoming waste-to-energy plant at Kozhikode, Kerala Chief Minister Pinarayi Vijayan said on Sunday. Keiichi Nagaya, Director, Head of Overseas Business and Environmental Solution Sector, of the firm, met the Chief Minister here and assured assistance for the state's first waste-to-energy treatment plant. Vijayan, in a Facebook post, said the firm has the experience of installing more than 350 waste disposal plants across the world. "They have assured cooperation in the fields of technology and construction for the project. The government intends to complete the construction of the plant within two years. Kerala's first Waste-to-Energy Treatment Plant is going to be established in Kozhikode," the Chief Minister further said. In the meeting held in the Chief Minister's chamber on Saturday, the company's India Managing Director B G Kulkarni, Zonta Infratech MD Raj Kumar, among others participated.

The details of the transition towards climate-change-related finance will require deft handling

India's top oil firm IOC will set up green hydrogen plants at all its refineries as it pivots a Rs 2-lakh crore green transition plan to achieve net-zero emissions from its operations by 2046, its chairman Shrikant Madhav Vaidya said. Indian Oil Corporation (IOC) is remodelling business with an increased focus on petrochemicals to hedge volatility in the fuel business, while at the same time turning petrol pumps into energy outlets that offer EV charging points and battery swapping options besides conventional fuels as it looks to make itself future-ready, he said. The company intends to expand its refining capacity to 106.7 million tonnes per annum from 81.2 million tonnes as it sees India's oil demand climbing from 5.1 million barrels per day to 7-7.2 million bpd by 2030 and 9 million bpd by 2040. "Oil will continue to be a mainstay fuel for the next few years but we are preparing for transition which will involve a combination of green hydrogen, biofuels, EVs and alternate fuels,

The National Highways Logistics Management Limited (NHLML) and Jodhpur Discom have signed an agreement to set up 11 solar power plants at six places in a section of the Amritsar-Bhatinda-Jamnagar Expressway passing through Rajasthan. A Memorandum of Understanding (MoU) has been signed between both the parties during a meeting held under the chairmanship of Chief Secretary Usha Sharma here on Wednesday, according to a statement. Under this, 11 solar power plants will be developed on the Amritsar-Bhatinda-Jamnagar Expressway at a total of six places in three districts -- Hanumangarh, Bikaner and Jodhpur -- of the state. These power plants with a total capacity of 27.43 MW will be set up under Saur Krishi Aajeevika Yojana (PM Kusum). These plants will come up at Kolha village in Hanumangarh district, Malkisar-Gopalyan road, Naurangdesar and Rasisar villages in Bikaner district and Bhikamkor village in Jodhpur district and will cover 8 substations. The Ministry of Road Transport and ..

India has called for greater cooperation with France in the field of clean energy and highlighted Delhi's plans for green transitioning to EVs and hydrogen energy.

India has already submitted its Long-Term Low Emission Development Strategy document at COP 27

The discovery of 5.9 million tonnes of the metal in Reasi in Jammu and Kashmir has made India the seventh-largest holder of lithium reserves

The key focus areas will be green energy, electronics and information technology, bulk drugs and pharmaceuticals, automobiles and electric vehicles, besides innovation and start-ups

Currently, the rooftop-subsidy programmes run by the Ministry of New and Renewable Energy require consumers to bear about 60 per cent of the costs

NTPC arm NTPC Green Energy Ltd (NGEL) has invited bids for rupee denominated term loan of up to Rs 9,000 crore. The bid document showed that NGEL intends to raise fresh debt and repay outstanding liability of Rs 8,200 crore towards NTPC by March 31, 2023 along with applicable interest cost. Also, additional funds to the tune of Rs 800 crore would be required for additional debt liability and for balance capex payments of projects which are yet to achieve full commercial operations, it stated. Thus, NGEL has invited offer for rupee term loan of up to Rs 9,000 crore, it said. The minimum amount of loan offered by banks/FIs (financial institutions) shall be Rs 1,000 crore and in multiples of Rs 500 crore thereafter, it stated. The last date for submission of bids is March 6, 2023. NTPC had incorporated NGEL in April 2022 for consolidating its renewable energy businesses and aggressively pursue its green/ sustainable energy venture.

Company to reduce capex in near term; execs say large part of it can be discretionary

In a report listing steps to revise the framework, the unit of Fitch Ratings said implementing public-sector credit guarantees would help lower financing costs