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AIIB invests Rs 13 billion in Aditya Birla Capital for clean energy
The Asian Infrastructure Investment Bank (AIIB) has subscribed to Rs 13,012.5 million (about USD150 million) of non-convertible debentures issued by Aditya Birla Capital Limited. The three-year, privately placed investment will fund renewable energy and electric mobility projects in India. According to AIIB, the financing will be used for renewable energy generation such as solar, wind,…
TotalEnergies halts new investments in Adani Group amid corruption allegations
French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities and Exchange Commission (SEC) has accused Adani Group officials, including Gautam Adani and his nephew, of bribery in connection with…
Apollo Green plans 500 MW solar module plant
Apollo Green Energy is set to establish a 500 MW solar module plant within the next two to three years, aligning with India’s target to reach 500 GW of renewable capacity by 2030, up from the current 154 GW. The company, specializing in renewable projects, has an order book of Rs 35 billion (USD 416…
THDC to supply 184 MW power to Gujarat from Tehri pumped storage
THDC India Limited has signed a memorandum of understanding (MoU) and a power purchase agreement with the Government of Gujarat and Gujarat Urja Vikas Nigam Limited (GUVNL). The deal covers the supply of 184.08 MW of clean power from the Tehri pumped storage project (PSP) in Uttarakhand. The agreement aims to support Gujarat’s peak electricity…
NTPC’s NETRA develops indigenous catalyst for CO2 to methanol conversion
NTPC‘s R&D division, NETRA, in collaboration with the Indian Institute of Petroleum (IIP) Dehradun, has developed an indigenous catalyst for converting CO2 into methanol. This catalyst, crucial for chemical synthesis, facilitates CO2 hydrogenation and is currently being tested in a 10 kg/day methanol pilot plant. In this process, 1 mole of CO2 and 3 moles…
India imposes anti-dumping duty on solar glass imports from China and Vietnam
India’s Ministry of Finance has imposed an anti-dumping duty on solar glass imports from China and Vietnam to protect the domestic solar glass industry from unfair pricing. The duty on Chinese imports ranges from $673 to $677 per metric tonne, while imports from Vietnam face a duty of $565 per metric tonne. The duty applies…
