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Performance-based grant of Rs 19.6 billion allocated to 131 cities for clean air

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A performance-based grant of Rs 19.6 billion has been allocated to 131 cities under the National Clean Air Programme (NCAP) to implement their Clean Air Action Plans. The funds, distributed from 2019-20 to 2025-26, aim to achieve a 40% reduction in PM10 levels and meet the National Ambient Air Quality Standards. So far, Rs 11.2 billion has already been disbursed to support these efforts. According to the latest data from the Ministry of Environment, 21…

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NTPC partners with USAID to achieve net zero emissions in townships, offices by 2025

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NTPC has signed an MoU with USAID’s India Mission to create a roadmap for transforming its townships and offices into net zero establishments.  NTPC aims to achieve net zero Scope 2 emissions in its townships and offices by FY 2025-26. Efforts are also underway to make these locations net zero in water and waste. The MoU outlines the development of strategies and a roadmap for achieving these goals, including benchmarking, implementation, certification, and national-level scaling….

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India’s auto component sector targets USD 100 billion in exports by 2030: Piyush Goyal

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Union Minister Piyush Goyal expressed confidence that India’s auto component sector will hit its $100 billion export target by 2030. At the 64th Annual ACMA Session in New Delhi, he urged the industry to focus on organic growth, global outreach, and technological advancements, leveraging India’s status as the third-largest auto market. He emphasized the need for strong R&D and encouraged using the Rs 1 trillion Anusandhan National Research Foundation (ANRF) fund for public-private-academic partnerships. Goyal…

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India and UAE sign LNG and nuclear agreements during Crown Prince’s visit to New Delhi

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India and the UAE have signed five agreements, focusing on energy collaboration. Prime Minister Narendra Modi held talks with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan during his visit to India. ADNOC and Indian Oil Corporation (IOC) signed a 15-year deal for 1 million tonnes of LNG annually. ADNOC also partnered with India Strategic Petroleum Reserve Limited (ISPRL) to explore crude storage options in India. Urja Bharat, a joint venture…

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Adani Green repays USD 750 million Holdco Notes, avoiding refinancing

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Adani Green Energy Ltd announced it has fully repaid its $750 million Holdco Notes, using cash reserves and a fully funded redemption reserve, without the need for refinancing. The 4.38% Holdco Notes, issued in September 2021 to fund the company’s expansion, were redeemed ahead of their September 8 due date, according to a stock exchange filing on September 9. The bonds supported Adani Green’s growth over the past three years, during which the company tripled…

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Karnataka rooftop solar capacity crosses 600 MW

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Karnataka has seen a notable increase in rooftop solar installations over the last two years. According to data from Karnataka Renewable Energy Development Limited (KREDL), 172.14 MW of rooftop solar projects were installed between March 2023 and July 2024, pushing the state’s total capacity past 600 MW. From April to July 2024, more than 50 MW was installed. In 2023-24, 121.82 MW of capacity was added, nearly double the 79.57 MW installed in 2022-23, marking…

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India’s power sector to reach USD 280 billion by FY30: Jefferies

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According to a September report by Jefferies, India’s power generation and transmission sectors are expected to grow 2.2 times, reaching USD 280 billion between FY24 and FY30. This surge comes as the country enters a phase of capex-driven GDP growth, driving a rise in power demand. The report predicts a more than 7% annual growth in power consumption, with total generation capacity needing to increase from 442 GW in FY24 to 673 GW by FY30…

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Tata Power surpasses 1 lakh home EV charger installations across India

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Tata Power announced on September 9 that it has installed over 100,000 home EV chargers across the country, including in remote areas.   Tata Power has also deployed more than 1,100 EV bus charging points in major cities. The company continues to expand its EV charging network, now with over 5,600 RFID-enabled public and captive chargers located in strategic spots such as malls, hotels, hospitals, offices, residential societies, and highways.