Adani Green Energy (AGEL) said on Thursday that Total SA has signed a binding agreement wherein the French energy giant will invest $510 million to acquire 50% stake in the upcoming unit which will house AGEL’s 2,148 megawatt (MW) of currently operational solar projects. The acquisition is part of Total’s target of building a portfolio of low-carbon businesses that could account for 15% to 20% of its sales by 2040. Under a separate deal, the two firms will also build an 800-MW solar power plant in Qatar.
The Rajasthan Electricity Regulatory Commission on February 6 revised the power tariff for different categories of consumers with a projected revenue increase of nearly Rs 4,800 crore annually. The overall increase in power tariff is 11 per cent which will be applicable from January 1, the commission's chairperson Shreemat Pandey said. The revised tariff will generate additional revenue of Rs 792 crore in the last two months (February and March) of the current fiscal year.
The country's largest bicycle maker Hero Cycles would invest around 250 crore to set up an eCycle valley in Punjab, where it would have an entire ecosystem for manufacturing electric bicycle. The total investment in 100-acre project would be around Rs 600 crore, in which the rest amount of Rs 350 crore would be invested through joint venture partners and ancillary units, said Hero Motors Company Chairman & Managing Pankaj M Munjal in Thursday. Besides, the company aims to have around 10 per cent share of the growing electric bicycle market globally by 2022.
Four years ago, a tweet by Minister of Road Transport and Highways Nitin Gadkari had set the cat among the pigeons in India’s automobile industry. “My colleagues — Prakash Javadekar, Anant Geete, Dharmendra Pradhan — and I have taken the unanimous decision to leapfrog from Bharat Stage (BS)-IV to BS-VI directly from April 1, 2020,” read the post.
Four years since, a lot has changed. Automakers in India have nearly completed the onerous task Gadkari had chalked up.
In a move that could revive participation in wind bidding in a big way, the ministry of new and renewable energy (MNRE) plans to stop imposing ceiling tariffs on wind tenders, according to sources close to the development. Recent wind and solar auctions conducted by the Solar Energy Corporation of India (SECI), an arm of MNRE, have all set ‘ceiling tariffs’ above which bids are not accepted. Removal of these ceilings has been a long standing demand of the industry.
The Punjab Pollution Control Board (PPCB) has recommended to the central authorities to extend the deadline for the installation of fuel gas desulphurization(FGD) units at the thermal power plants in the state. The deadline for the same expired on December 31, but none of the five thermal power plants in the state have so far been able to comply with the directives.
Solar panels will be installed at government schools in rural areas of Maharashtra to combat frequent power shutdown and improve digital education. With increasing digitization of schools — e-learning schemes, digital attendance and more — schools need to be self-reliant in terms of electricity to address the need of the hour. To this enbd, the state government will soon install solar panels in every school that would generate 1-1.5KV electricity.
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