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Masdar and Silk Road Fund to co-invest $2.8bn in renewable energy projects
Masdar, the Abu Dhabi Future Energy Company, and China’s Silk Road Fund have signed a memorandum of understanding (MoU) to co-invest up to 20 billion yuan ($2.8 billion) in renewable energy projects. The agreement, signed at the COP29 climate conference in Baku, Azerbaijan, focuses on Belt and Road Initiative (BRI) countries and the global south….
UP approves higher compensation for land under transmission towers
The Uttar Pradesh cabinet has approved a proposal to provide double compensation to farmers for land occupied by high-tension power transmission towers, raising payouts for land affected by 765 kV, 400 kV, 220 kV and 132 kV lines across agricultural fields. Energy Minister Arvind Kumar Sharma announced the decision after a cabinet meeting chaired by…
India | Generation | NewsEAC clears 1,720 MW Kamala hydropower project; over 23 lakh trees to be felled
The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects has recommended environmental clearance for NHPC Limited’s (NHPC) 1,720 MW Kamala Hydroelectric Project in Arunachal Pradesh, while recording concerns over the proposed felling of more than 2.3 million trees. The recommendation was made at the EAC’s 47th meeting. The project, estimated at Rs 23,764…
Sri Lanka to renegotiate wind PPA with Adani Green Energy
The government of Sri Lanka plans to renegotiate the power purchase agreement (PPA) with India’s Adani Green Energy for a 484MW wind power project, to reduce the cost to below $0.06 per unit, according to the Press Trust of India (PTI). The previous government had signed a 20-year PPA for the project at 8.2 US…
NLCIL commissions 106 MW solar unit, transfers 1.4 GW assets to subsidiary
NLC India Limited (NLCIL) has announced the commissioning of the second phase of its 300 MW solar power project at Barsingsar in Bikaner, Rajasthan, and the transfer of seven renewable assets to its subsidiary as part of a structural reorganisation. The second phase, with a capacity of 106 MW, received its commissioning certificate from Rajasthan…
L&T partners with US firm for global nuclear power deployment
Larsen & Toubro (L&T) has signed a Memorandum of Understanding (MoU) with US-based Clean Core Thorium Energy (CCTE) to provide efficient clean energy solutions globally. The partnership focuses on deploying nuclear power, especially in developing countries needing substantial carbon-free electricity. The collaboration will utilize CCTE’s ANEEL (Advanced Nuclear Energy for Enriched Life) fuel, designed for…
