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Vedanta on Thursday said it has signed a pact with TERI to accelerate its Environmental, social, and governance (ESG) goals. Vedanta plans to invest around Rs 200 crore over the next five to 10 years on R&D and sustainability initiatives to promote and build a sustainable ecosystem. "Vedanta... on Wednesday signed a Memorandum of Understanding with TERI... to forge a long-term partnership and work in collaboration on creating a sustainable world by leveraging both the organizations' strength in the ESG space," Vedanta said in a statement. With a mission to promote 'Sustainable Use of Resources for a Resilient Planet through Transformative Actions', the memorandum of understanding (MoU) was signed at the World Sustainable Development Summit (WSDS). The partners will work towards building a sustainable future by engaging with governments, civil society and peers to promote a larger ecosystem for climate change, resource efficiency, and circularity, harnessing cleaner energy, ...
The Energy Resource Institute (TERI) on Wednesday said state-run engineering firm BHEL has won the bid for installation and maintenance of battery energy storage systems (BESS) worth Rs 2.51 crore. "BHEL emerged as best supplier of battery and associated equipment in a tender recently floated by TERI for installation and maintenance of battery energy storage systems (BESS)," a TERI statement said. According to the statement, BHEL has offered 410 kilowatt-hours (kWh) of cumulative battery capacity for a total cost of Rs 2.51 crore, including six years of comprehensive warranty and maintenance. There are very limited tenders of BESS in India so far and the responses to this tender have been received from reputed companies such as Larsen & Toubro, Mahindra Susten, Hero Solar, Honeywell Automation, Amara Raja, Okaya Power etc, it said. This level of interest from prestigious organisations in the tender signifies the transition of electricity distribution grid with increasing ...