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Proposed 1600 MW Thermal Power Project in Mirzapur faces environmental scrutiny

The proposed 1600 MW coal-based ultra supercritical thermal power project in Mirzapur, Uttar Pradesh, does not involve forest land for the main site, but 8.35 hectares of forest land is needed for a water pipeline and road access, the government informed Parliament. The National Green Tribunal (NGT) recently took suo motu notice of a report indicating that the 665 hectares of land for the project site is recorded as a ‘forest’ in a 1952 gazette…

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Sri Lanka to hear petitions against Adani Wind Power Project on Oct 14

Sri Lanka’s Supreme Court has scheduled a hearing for October 14 on five fundamental rights petitions against the Adani Group’s wind power plant in Mannar. The respondents are required to file objections by September 13. Environmental NGOs, led by the Wildlife and Nature Protection Society, argue that the project endangers biodiversity and threatens migratory birds. The petitions challenge the legality of the Cabinet’s decision to treat the Adani project as a Sri Lanka-India government-to-government venture,…

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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…

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Sustainable bond issuance drops in 1H 2024

Issuance of green, social, sustainability, sustainability-linked, and transition bonds fell 19 per cent quarter-on-quarter after a spike in Q1 2024. According to Moody’s Investors Service, global sustainable bond issuance declined in the first half of 2024, with Q2 issuance down 20 per cent year-on-year to USD 238 billion. However, reaching USD 1 trillion in full-year issuance is still “within reach.” The recent quarter saw USD 146 billion in green bonds, USD 39 billion in social…

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Maharashtra cabinet approves Rs 810 billion worth of projects

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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Serentica Renewables’ plans for expansion and diversification

Serentica Renewables, a subsidiary of Vedanta Group, is planning to expand its capacity, aiming to add nearly 2 GW in FY25 with a capital expenditure target of Rs 150 billion. The company currently has 4 GW under construction and plans to sign power purchase agreements (PPAs) for an additional 4 GW within the next two quarters. Serentica is also seeking partnerships for an energy storage project and has intentions to enter the green hydrogen sector…

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CEA recommends addition of 80 GW of coal-based capacity by 2031-32

The Central Electricity Authority (CEA) has recommended a coal and lignite-based installed capacity of 283 GW, up from the current 217.5 GW. Consequently, the Ministry of Power (MoP) is planning to establish an additional minimum of 80 GW of coal-based capacity by 2031-32. This expansion is expected to entail an expenditure of at least Rs. 6,672 billion by 2031-32. According to Intended Nationally Determined Contributions (INDCs), the country is committed to achieving approximately 50 per…

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Steps taken to boost production capacity from 2014-15 to 2023-24

The Ministry of Power (MoP) detailed steps taken to increase the production capacity between 2014-15 to 2023-24 in a recent press release. Between 2014-15 and 2023-24, India increased its power production capacity significantly. The installed capacity rose from 248,554 MW in March 2014 to 446,190 MW in June 2024, with coal-based power growing from 139,663 MW to 210,969 MW, and renewable energy from 75,519 MW to 195,013 MW. The country added 195,181 ckm of transmission…

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

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

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….