Similar Posts
Premier Energies receives approval for floating IPO
Premier Energies Limited, along with three other companies, has received approval from the Securities and Exchange Board of India (Sebi) to raise funds through Initial Public Offerings (IPOs), according to a recent update from the markets regulator. Premier Energies, a prominent solar cell company, plans to raise Rs 15 billion through its IPO. This offering includes a fresh issue of equity shares worth Rs 11.68 billion and an Offer For Sale (OFS) of up to…
Polavaram Project set for completion by March 2027
Andhra Pradesh Chief Minister N Chandrababu Naidu has announced that the Polavaram Project is scheduled for completion by March 2027. The Central government has approved an in-principle funding of Rs 121.57 billion for the project, with Rs 60 billion allocated for the 2024-25 fiscal year and another Rs 61.57 billion for FY26. The construction work on the spillway, gates, and connectivity is expected to be completed by May 2025. Located in Polavaram Mandalam of Eluru…
Uber Technologies, BYD announce partnership for 100,000 EVs
Uber Technologies and BYD Company Limited have announced a multi-year partnership to introduce 100,000 new BYD electric vehicles (EVs) onto the Uber platform across key global markets. Starting in Europe and Latin America, the initiative will expand to the Middle East, Canada, Australia, and New Zealand. This partnership aims to provide Uber drivers with access to competitive pricing and financing for BYD vehicles, accelerating the adoption of EVs on the Uber platform. Both companies are…
HPCL invites bids for three floating solar projects in Rajasthan, Andhra Pradesh
HPCL Renewable and Green Energy (HPRGE), a subsidiary of Hindustan Petroleum Corporation (HPCL), has issued a tender for the engineering, procurement, and construction (EPC) of three floating solar projects. The projects include a 9 MW solar installation in Jaisalmer, a 14 MW project in Balotra, both in Rajasthan and a 2 MW project in Visakhapatnam, Andhra Pradesh. The deadline for bid submissions is October 15, 2024. The selected contractor will manage the operation and maintenance…
South Africa partners with BRICS nations to tackle energy crisis
South Africa is addressing its energy crisis through partnerships with BRICS nations to enhance its power infrastructure. The New Development Bank (NDB) has already pledged USD 5 billion to support South Africa’s energy transition, including financing the construction of 14,000 km of new electricity transmission lines by 2030. This expansion is essential to accommodate the country’s goal of increasing renewable energy generation to 55 GW by 2032. NDB will leverage the experiences of China, Brazil,…
MNRE launches ‘Innovative Projects’ scheme under PM-Surya Ghar
The Ministry of New and Renewable Energy (MNRE) has introduced Scheme Guidelines for ‘Innovative Projects’ under the PM-Surya Ghar: Muft Bijli Yojana, as notified on October 8, 2024. This initiative aims to foster advancements in rooftop solar technologies, business models, and integration techniques with a budget of Rs 50 billion. The scheme will support startups, institutions, and industries in piloting new concepts such as blockchain-based peer-to-peer solar trading, smart materials, and solar integration with electric…