India’s annual green finance is just one-fourth of its needs: Climate Policy Initiative Study

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’ […]

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IOC to transport fuel to Tripura via Bangladesh

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 […]

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Financial deficit of power distribution sector at highest ever: PFC Report

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 […]

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Jindal Stainless to set up green hydrogen plant

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 […]

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Electricity Bill introduced in Lok Sabha, referred to Standing Committee

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 […]

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Rays Power Infra commissions 150 MW grid-connected solar power plant in Karnataka

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 […]

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