Author: PPD Team Date: 13/11/2024
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FAME Scheme: Rs 88.44 billion spent on electric vehicle incentives
Author: PPD Team Date: 06/01/2025 The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme, launched to promote electric mobility, has spent Rs 88.44 billion as of October 31, 2024. This includes Rs 65.77 billion in subsidies, Rs 22.44 billion for capital assets, and Rs 230 million for other expenses. Under FAME-II, launched in 2019 with an outlay of Rs 115 billion, 1.6 million electric vehicles (EVs) have been incentivized, including…
MoEFCC clears ToR for Saidongar pumped storage projects
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Panasonic opens RE100 renewable-powered manufacturing plant in Wales
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Mercados Energy wins consultancy contract for APDCL power procurement
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Rays Power Infra Secures Rs 9.4 billion Solar Projects
Author: PPD Team Date: 21/10/2024 Rays Power Infra has secured solar projects worth Rs 9.4 billion, totalling 362 MW, in Rajasthan. Additionally, the company won a 600 KW / 3000 KWh flow battery project from NTPC. Ketan Mehta, MD & CEO, expressed excitement over the projects, emphasizing the company’s leadership and commitment to innovative energy solutions. Since its inception in 2011, Rays Power Infra has been a key player in turnkey solar EPC services, addressing…