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Maharashtra cabinet approves Rs 810 billion worth of projects

India, News

The Cabinet of Maharashtra has approved seven major industrial projects worth over Rs 810 billion, for sectors including lithium batteries, electric vehicles, and semiconductors. Key projects include JSW Energy PS Eleven Ltd’s Rs 250 billion lithium battery plant in Nagpur and JSW Green Mobility Ltd’s Rs 272 billion electric and hybrid car manufacturing facility in Chhatrapati Sambhajinagar. Additionally, an integrated semiconductor project costing Rs 120 billion will be established in Taloja. The approved projects will…

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E-Bus sales in India to Surge by 75-80 per cent this FY

India, News

Electric bus (e-bus) sales in India are expected to rise by 75-80 per cent this fiscal year, reaching 6,000-6,500 units, according to CRISIL Ratings. This growth is driven by government schemes like the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME), the National Electric Bus Programme (NEBP) under Convergence Energy Service Limited (CESL), and the Prime Minister eBus Sewa Scheme (PM-eBus Sewa Scheme), which have resulted in orders for 24,000 e-buses. The Gross…

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Key measures for energy sector in India’s Union Budget 2024

India, News

The 2024 Union Budget of India introduced significant measures to boost the energy sector, emphasising renewable energy adoption, energy transition, and infrastructure enhancement. Here are the key highlights: PM Surya Ghar Muft Bijli Yojana: 10 million households will receive up to 300 units of free electricity monthly, supported by subsidies and concessional loans, with a National Online Portal for streamlined applications. Renewable Energy Funding: The Ministry of New and Renewable Energy (MNRE) has been allocated…

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Indo-German Power Sector Collaboration

Analysis, Features

Germany’s Climate Strategy in the Power Sector Germany has long sought to lead international climate policy, championing the Kyoto Protocol and setting 1990 emissions targets. Despite setbacks in the 1990s and 2000s, Germany supported the European Union’s (EU) emissions trading system (ETS) and, following the Paris Agreement, the EU Green Deal for climate neutrality by 2050. Under Germany’s 2020 EU presidency, the 2030 emissions reduction target was raised to at least 55% below 1990 levels….

India

News Subsections News India Global Socomec launches compact automatic transfer switching equipment September 10, 2024 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… NCT approves TBCB route for Rs 100 billion interstate transmission projects September 10, 2024 The National Committee on Transmission (NCT), in its 22nd meeting on August 23, 2024, recommended…

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Hyundai Motor partners with FPEL for two RE projects in Tamil Nadu

India, News

Hyundai Motor India Limited (HMIL) has signed an agreement with Fourth Partner Energy Limited (FPEL) to establish a 75 MW Solar Plant and a 43 MW Wind Power Plant in Tamil Nadu.  HMIL has a target for RE100 to transition to 100% renewable electricity across its operations by 2025, it currently sources 63% of its energy from renewables. The project involves an investment of Rs 380 million and will operate under a Group Captive Mode…

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Omega Seiki Mobility to launch hydrogen-powered three-wheelers

India, News

Omega Seiki Mobility (OSM) plans to roll out hydrogen-powered three-wheelers in India by the end of this financial year. The company is collaborating with state governments to initiate pilot projects, involving 50 to 100 vehicles, with plans for subsequent expansion. In partnership with Systemics, OSM has formed Hydrogen Intelligence, a joint venture that developed hydrogen-powered three-wheelers capable of covering 700 km with a two-kg hydrogen cylinder.  These vehicles have undergone successful testing, including at Le…

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Sterling Tech-Mobility collaborates with Chinese firm for EV component plant

India, News

Sterling Tech-Mobility has announced plans to set up a manufacturing facility in Bengaluru, Karnataka, in partnership with Chinese firm Kunshan GLVAC Yuantong New Energy Technology.  This initiative will focus on producing high-voltage DC (HVDC) contactors and relays, essential components for electric and hybrid vehicles (EVs and HEVs).  Projected to generate Rs 2.5 billion in revenue by FY30, the facility aims to strengthen India’s EV supply chain by enabling domestic access to advanced technology. Sterling Tools…

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Cadiz and RIC Energy to develop green hydrogen facility in California

Global, News

Cadiz has partnered with RIC Energy to build a green hydrogen facility at Cadiz Ranch in California’s Mojave Desert, where Cadiz will supply land and water resources to support RIC Energy’s solar-powered hydrogen production. The facility aims to generate 100% green hydrogen, targeting distribution across Southern California for zero-emission vehicles and power generation. The project plans to operate entirely off-grid, with photovoltaic (PV) solar installations covering up to 3,000 acres of Cadiz Ranch land. At…

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RECPDCL incorporates SPV for ISTS project in Jammu & Kashmir

India, News

REC Power Development & Consultancy Ltd (RECPDCL) established a project special purpose vehicle (SPV) named “Ratle Kiru Power Transmission Ltd” on October 23, 2024, as a wholly-owned subsidiary. This SPV will develop the ISTS scheme titled “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A” in Jammu & Kashmir. The scheme, estimated to cost Rs 12.14 billion with a gestation period of 24 months, will provide ISTS…