An advisory and analysis group, Climate Policy Initiative in its update on India’s “first-ever effort” to track green investments flows said “the tracked green finance in 2019-2020 was Rs 309,000 crore (nearly USD 44 billion) per annum, which is less than a fourth of India’s needs”. The report titled ‘Landscape of Green Finance in India’ […]
India’s oil ministry has ordered the diversion of natural gas from industries to the city gas distribution sector to cool CNG and piped cooking gas prices that have shot up by 70 per cent on the use of imported fuel. Natural gas is used to make CNG and cooking gas (LPG). Less than three months after it […]
PSU major Indian Oil Corporation (IOC) will soon conduct a trial run for transporting fuel to Tripura through Bangladesh. During the trial run, the IOC will transport three LPG tankers and seven tankers of petrol and diesel through Bangladesh from Guwahati. Each LPG tanker can transport 17 tonnes of gas, while each oil tanker has the capacity of carrying […]
The financial health of the power distribution companies (discoms), which improved slightly in recent years, has been hit again, the annual rating of discoms by financing agency Power Finance Corporation (PFC) revealed. The financial deficit in the sector is “larger than previously recorded” and is widening because of declining profitability of discoms, it said. The absolute cash-adjusted gap of […]
Jindal Stainless Limited (JSL) has partnered with Hygenco India Private Limited to set up a green hydrogen plant. This plant will enable JSL to reduce its carbon emissions by nearly 2,700 MT per annum, it said in a statement. Hygenco is a venture-backed by Vivaan Solar, a leading solar developer and renewables Engineering, Procurement and […]
Sri Lanka has given approval for India’s Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations as part of efforts to reduce severe shortages that have crippled the island nation. Sri Lanka is caught in its worst financial crisis in more than 70 years as a shortage of foreign exchange has left it struggling to […]
The amendments to the Electricity Act, 2003 — which seek to allow private players in the perpetually loss-making power distribution sector — were introduced in the Lok Sabha on Monday. Though the Centre has retracted its earlier stance of delicensing the power distribution sector, it looks to allow multiple players to operate in an area. After tabling […]
The government has relaxed norms for blending of imported coal by power generation companies and allowed states and independent power producers to import the fuel as per requirements. The government has left on states and Independent Power Producers (IPPs) as well as the coal ministry to decide the percentage of imported coal for blending purpose. […]
The Assam government has decided to generate 2,000 megawatts (MW) of solar power with an investment of Rs 10,000 crore, said chief minister of the state, Himanta Biswa Sarma. The solar power capacity will be added over the next three years. The state will form a joint venture with centre-owned NLC India. It will also […]
Rays Power Infra has inaugurated a 150 megawatts (MW) grid-connected solar power plant in Raichur and Koppal, Karnataka. This project will approximately reduce 1,56,400 tons of CO2 and produce 2,40,000 MW of green energy per year. The entire project has been executed by Rays Power Infra’s in-house engineering, procurement, and construction (EPC) team within the […]
