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Adani Group joins Utilities for Net Zero Alliance
Adani Group companies Adani Green Energy Limited (AGEL) and Adani Energy Solutions Limited (AESL) have become the first Indian firms in the renewable energy and transmission & distribution (T&D) sectors, respectively, to join the Utilities for Net Zero Alliance (UNEZA). The alliance, under the guidance of the International Renewable Energy Agency (IRENA) and the UN Climate Change High-Level Champions, aims to promote renewable energy grids and clean energy solutions globally. Both AGEL and AESL aim…
Afghanistan and Uzbekistan sign agreement for power transmission projects
The minister of mines and petroleum of Afghanistan and the energy minister of Uzbekistan have signed an agreement to implement four major electricity transmission projects, strengthening economic and trade ties between the two nations. This agreement is part of several memorandums of understanding, including investment agreements worth USD 1.4 billion and 23 trade agreements valued at USD 1.1 billion. Key projects in the power transmission agreement include: Construction of a 260-km, 500 kV Surkhan (Uzbekistan)–Pul-e-Khumri…
Siemens launches SIMOCODE M-CP for advanced motor management in MCCs
Siemens has introduced SIMOCODE M-CP, an advanced motor management product series designed specifically for motor control centres (MCC). The SIMOCODE M-CP expands Siemens’ existing portfolio with compact, future-proof technology optimized for MCCs across various industries, including chemicals, infrastructure, mining, and water management. Key Features of SIMOCODE M-CP: Compact and Flexible Design: The device is optimized for withdrawable units in switchboards, offering both front panel and DIN rail mounting options to save space and reduce installation…
Pakistan to retire costly power plants to reduce electricity prices
Federal Minister for Energy Owais Leghari has announced plans to retire expensive power plants to reduce electricity prices across Pakistan. Speaking in Islamabad after a meeting with MQM National Assembly members, he highlighted the government’s commitment to lowering energy costs and detailed progress in rescheduling energy sector debt with China. Leghari attributed the rise in capacity payments to the devaluation of the rupee and increased interest rates. He also emphasized the government’s ongoing efforts to…
India to broaden sustainable finance framework, boosting ESG-labeled bonds
India’s market regulator, the Securities and Exchange Board of India (SEBI), plans to expand its sustainable finance framework to include a wider range of ESG-labeled instruments, potentially enhancing the market for such products in Asia. SEBI is consulting on the introduction of social bonds, as well as sustainable and sustainability-linked bonds, to complement the existing suite of environmental, social, and governance (ESG) debt. The proposed changes also include incorporating eligible asset-backed securities and requiring independent…
Socomec launches compact automatic transfer switching equipment
Socomec India has unveiled its latest innovation, the “ATyS a M” pre-programmed Automatic Transfer Switching Equipment (ATSE), designed for commercial establishments, high-rise buildings, industries, and sectors like healthcare and hospitality. This switch enhances power availability and safety, particularly for fire safety and emergency lighting applications. The ATyS a M, available in 25 to 63A, is 30% more compact than similar products, offering a modular design that can be mounted in any orientation. Its pre-configured controller…