Adani Group has announced plans to invest over Rs 7 trillion in Rajasthan across multiple sectors, including renewable energy.
The investment includes developing 100 GW of renewable energy capacity, aiming to create the world’s largest integrated green energy ecosystem.
The projects are expected to be implemented over the next five years.
The African Development Bank (AfDB) has been named the mandated lead arranger for the Moyi Power metro-grids project, a $340 million private sector-led electrification initiative in the Democratic Republic of Congo (DRC). The project is now entering the financing stage. Spearheaded by the Moyi Power consortium, which includes Gridworks, Eranove, and AEE Power, the initiative aims to provide clean, reliable, and affordable electricity to one million people across three cities in the DRC—Bumba, Isiro, and…
Indian Railways is on a transformative journey with total investments projected to reach Rs 1.74 trillion between fiscals 2016 and 2025, according to a CRISIL report. This represents a compound annual growth rate (CAGR) of 12%, positioning Indian Railways as a key driver in India’s push toward becoming a high-income economy. The report highlights major infrastructure advancements, including the electrification of over 94% of the broad-gauge network as of fiscal 2024, along with ongoing modernization…
Foxconn-backed SiliconAuto, a joint venture between Netherlands-based Stellantis and Hon Hai Technology Group (Foxconn), has set up a research and development (R&D) centre in Bengaluru. The new centre will focus on designing semiconductor products and developing system-on-chip solutions for the automotive sector, targeting electric vehicles (EVs), autonomous driving, and connected car technologies. Foxconn is also in the process of establishing an EV manufacturing plant and exploring battery production for EVs, reinforcing SiliconAuto’s commitment to India’s…
Outdated power grids are slowing the global transition to renewable energy, with 3,000 GW of clean energy projects, many in advanced stages, stuck in grid-connection queues. This figure is five times the total solar and wind capacity added in 2022, according to the International Energy Agency (IEA). While renewable energy investment has nearly doubled since 2010, annual spending on grid upgrades has stagnated at $300 billion. The issue is particularly pressing in developing nations like…
The Ministry of New and Renewable Energy (MNRE) has received approval for a revised solar power scheme under PM JANMAN and Pradhan Mantri Janjatiya Unnat Gram Abhiyan (PM JUGA). The scheme aims to electrify 100,000 un-electrified households in tribal and particularly vulnerable tribal groups (PVTG) areas using off-grid solar systems, with a total budget allocation of Rs 9.15 billion. It targets 18 Indian states, including Andhra Pradesh, Gujarat, and West Bengal, where grid electrification is…
Bondada Engineering Limited has secured a Rs 1.08 billion work order from the Bihar Renewable Energy Development Agency (BREDA) for the design, supply, installation, testing, and commissioning of smart solar streetlight systems across rural Bihar. The project, under the Mukhyamantri Gramin Solar Streetlight Yojana, includes a five-year comprehensive maintenance contract and the integration of remote monitoring systems. The contract is to be completed within 18 months.