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Trump as US president will deepen climate crisis: Policy experts
Donald Trump’s potential return to the US presidency has prompted apprehension regarding America’s climate policy trajectory. During his first term, the United States withdrew from the Paris Climate Agreement, casting doubts on its commitment to global climate efforts. Trump has also been critical of climate finance mechanisms, such as the Green Climate Fund, labelling them as unfavourable wealth redistribution schemes while endorsing expanded fossil fuel production. Following his re-election, Trump has promised to increase domestic…
THDCIL signs MoU with Maharashtra for 6,790 MW pumped hydro projects
On September 3, 2024, THDC India signed a memorandum of understanding (MoU) with the Department of Water Resources, Maharashtra, to develop six pumped hydro power storage projects totalling 6,790 MW, with an estimated investment of over Rs 336 billion. The six projects planned under this MoU are: Malshej Ghat Pumped Storage Project (700 MW) Aruna Pumped Storage Project (1,950 MW) Kharari Pumped Storage Project (1,250 MW) Humbarli Birmani Pumped Storage Project (1,000 MW) Aruna Kolamb…
NTPC invites bids for DPR preparation of 800 MW PSP in Maharashtra
NTPC Limited has issued a tender for the preparation of a detailed project report (DPR) for an 800 MW pumped storage project (PSP) in Amba, Maharashtra. The last date for bid submission is November 16, 2024. Bidders are required to provide an earnest money deposit of Rs 5 million and meet financial criteria, including a minimum average annual turnover of Rs 189.7 million over the last three years and net worth at least equal to…
Premier Energies sets price band for Rs 28.3 billion IPO
Premier Energies Ltd, a solar cell and module manufacturer, has set a price band of Rs 427-450 per share for its Rs 28.3 billion initial public offering (IPO). The IPO will open from August 27 to August 29, with bidding for anchor investors starting on August 26. The offering includes a fresh issue of shares worth Rs 12.91 billion and an offer-for-sale (OFS) of up to 34.2 million shares, valued at Rs 15.39 billion at…
Neoen secures 164 MWp in French solar and agrisolar tenders
French renewable energy developer Neoen has won seven solar and agrivoltaic projects totalling 164 MWp in the latest round of tenders conducted by the French Energy Regulation Commission (CRE). This achievement enhances Neoen’s position in the ground-mounted solar sector in France, where it has now been awarded a cumulative 642 MWp in PPE21 tenders. With these new projects, Neoen’s secured capacity in France exceeds 2.5 GW. The projects are scheduled for commissioning between 2026 and…
Explainer: Nepal transforms from electricity importer to exporter of India
Nepal, once plagued by frequent blackouts, has transformed into a significant electricity exporter to India. The country is set to supply an additional 251 megawatts (MW) of power to India, mainly through Bihar, due to a medium-term sales agreement involving 12 hydropower projects. This will increase Nepal’s total power exports to India to 941 MW, enough to power nearly 190,000 homes for an entire year. This transformation was set in motion by the Power Trading…