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Himachal Pradesh advances green energy projects in Spiti

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Himachal Pradesh is pushing forward with green energy initiatives in Spiti and Una to address climate change. A major project is the upcoming 1,000 MW hybrid solar and wind energy Mega Solar Park in Spiti, Lahaul-Spiti. Chief Minister Sukhvinder Sukhu has called for central assistance through the Green Corridor Transmission to fully leverage the state’s renewable energy potential, which is vital for mitigating global warming. In the Una district, the 32 MW Pekhubela Solar Power…

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India reinstates domestic module requirement for solar projects, sparking concerns

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The Ministry of New and Renewable Energy has reinstated the requirement for solar projects in India to use modules from a government-approved list of domestic producers, known as the Authorized List of Manufacturers and Models (ALMM). This move mandates that Indian solar project developers purchase solar modules from these domestic companies, rather than opting for less expensive foreign suppliers. Economic Impact: The cost of solar projects in India has surged significantly due to this requirement….

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Foxconn plans Battery Energy Storage System unit in India, eyes expansion in EV segment

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Taiwanese electronics giant Foxconn is planning to establish a Battery Energy Storage System (BESS) unit in India, according to Chairman Young Liu. With a focus on the electric vehicle (EV) sector, Foxconn is expanding its battery manufacturing business, having already set up its first plant in Taiwan. Liu mentioned that Foxconn’s information and communication technology segment has recently started operations in India. He also revealed discussions with Tamil Nadu’s industry minister regarding collaboration on BESS…

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BPCL to invest Rs 1.7 trillion in petrochemicals, green energy, refining

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Bharat Petroleum (BPCL) plans to invest Rs 1.7 trillion over the next five years in petrochemicals, green energy, fuel marketing, and oil refining. Under its strategic plan ‘Project Aspire,’ BPCL aims to strengthen its core operations in refining and marketing while expanding into emerging sectors like green energy, gas, and non-fuel retail. Key investments include Rs 490 billion for an ethylene cracker project at the Bina refinery in Madhya Pradesh, which will boost refining capacity…

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Gautam Solar to expand in South India with launch of TOPCon solar modules

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Gautam Solar is set to expand its footprint in South India by launching TOPCon solar modules from its newly established warehouses in Karnataka and Kerala. These advanced facilities are designed to ensure efficient distribution and easy accessibility of high-quality solar panels across key locations in Kerala, Karnataka, Tamil Nadu, and Andhra Pradesh. The initiative targets project developers, EPC companies, and system integrators in the region. These locally produced solar panels, manufactured to international standards, underscore…

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TI Clean Mobility gears up for expansion in electric three-wheeler market

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TI Clean Mobility (TICMPL) is actively expanding its electric three-wheeler business, with plans to introduce two new products in the coming months and expand its dealer network in the northern and eastern regions—key markets for electric passenger autos. The company is employing location-specific strategies to increase market share and boost sales volumes. TICMPL is also preparing for new product launches in the cargo and e-rickshaw segments, scheduled for this and the next quarters. As part…

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REC incorporates ‘Rajasthan IV 4B Power Transmission’ as a wholly owned subsidiary

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REC has established ‘Rajasthan IV 4B Power Transmission’ as a wholly owned subsidiary of REC Power Development & Consultancy (RECPDCL), which itself is a wholly owned subsidiary of REC. The new company has been formed to manage the transmission system for the evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase-IV (Part-4: 3.5 GW), specifically Part B. The newly incorporated entity has an authorized and paid-up capital of Rs 500,000. This formation follows a…

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Power & Instrumentation secures Rs 2.841 billion contracts for electrification under Mukhyamantri Ujjawal Jharkhand Yojana

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Power & Instrumentation (Gujarat) Limited, a key player in the electrical contracting and equipment industry, has been awarded contracts worth Rs 2.841 billion under the Mukhyamantri Ujjawal Jharkhand Yojana (MUJY). The contracts involve electrifying un-electrified and partially electrified habitations and households in Sahibganj District, Jharkhand. The contracts are divided into two parts: Contract Part I: Valued at Rs 2.292 billion, this contract covers the loading, transportation, installation, and commissioning of electrification infrastructure in rural habitations…

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Congress accuses government of breaking promise on Nagarnar Steel Plant privatization

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The Congress party has accused the government of reneging on its promise to keep the Nagarnar Steel Plant in Chhattisgarh’s Bastar region under public ownership. Jairam Ramesh, Congress General Secretary, cited a media report indicating that the Union Ministry of Finance is likely to invite bids for privatizing NMDC Steel (NSL) within the next two months. Ramesh criticized the move, pointing out that Prime Minister Narendra Modi had assured on October 3, 2023, that the…