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CIL to invest Rs 1.33 trillion in 119 projects to boost coal output

Coal India Limited (CIL) is advancing 119 projects with a sanctioned capital of Rs 1.33 trillion to enhance coal production and meet the growing energy demand.  The projects are in various stages of implementation and are expected to significantly augment CIL’s output. In the financial year 2023-24, CIL aims to achieve a production target of 780 million tonnes, an increase from the previous year’s 703 million tonnes. This target aligns with India’s objective of reducing…

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Ola Electric to launch Rs 55 billion IPO on August 2, 2024

Ola Electric Mobility is set to launch its initial public offering (IPO) on August 2, 2024, aiming to raise Rs 55 billion. The IPO will consist of a fresh issue of shares worth Rs 30 billion and an offer-for-sale (OFS) of Rs 25 billion by existing shareholders. The price band for the IPO has been set at Rs 200-215 per share. Ola Electric, a subsidiary of ANI Technologies (the parent company of Ola Cabs), is…

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500 GW renewable energy by 2030: Economic Survey 2024 highlights key advancements

The Economic Survey 2024 reveals significant strides in India’s green transition, aiming for 500 GW of renewable energy capacity by 2030. As of March 31, 2024, India’s renewable energy installed capacity has reached 190.57 GW, 43.12 per cent of the nation’s total power generation capacity. The survey highlights advancements in India’s power transmission infrastructure, which now supports the transfer of 118,740 MW across a network of 485,544 ckm with a transformation capacity of 1,251,080 MVA….

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1,600 tonnes of lithium reserves discovered in Karnataka

The Ministry of Science and Technology announced the discovery of 1,600 tonnes lithium reserves in Karnataka’s Mandya and Yadgiri districts. The Atomic Minerals Directorate for Exploration and Research (AMD) located these resources in the Marlagalla area of Mandya through initial surveys and subsurface exploration. AMD is exploring other potential lithium sources in India, including Korba district in Chhattisgarh, mica belts in Rajasthan, Bihar, and Andhra Pradesh, and pegmatite belts in Odisha, Chhattisgarh, and Karnataka. Lithium,…

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DGTR proposes anti-dumping duty on Chinese aluminum frames to safeguard domestic solar panel industry

Directorate General of Trade Remedies (DGTR), investigative arm of the Ministry of Commerce and Industry, has recommended imposing an anti-dumping duty on aluminium frames for solar panels imported from China. The aluminium frames were exported to India below the normal value, resulting in dumping.  The proposed duty, which could reach up to USD 577 per tonne, is intended to protect the domestic industry from the adverse effects of cheaper imports being sold at unfairly low…

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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….

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Strengthening Renewable Purchase Obligations

The Electricity Act of 2003 mandates State Electricity Regulatory Commissions (SERCs) to set minimum renewable energy (RE) shares for states, known as Renewable Purchase Obligations (RPOs), which apply to distribution companies (DISCOMs) and other obligated entities. It binds entities to purchase a certain percentage of their total electricity consumption from RE sources. Initially, RPOs were divided into solar and non-solar categories. In 2019, hydro power obligations (HPO) were introduced, and in 2022, RPOs were categorized…

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Hydropower: Achieving Global Renewable Energy Targets

At the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in Dubai, global governments pledged to triple renewable generation capacity from 3.8 TW in 2022 to 11.2 TW by 2030. This increase in variable renewables poses grid security and flexibility challenges. Hydropower, among low-carbon options, is the most versatile and cost-effective solution for grid stability. Its key strengths are flexibility and resilience, complementing variable renewables with services ranging…

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Lessons from the Indo-Pacific for Latin America’s Energy Transition and Global Governance

The Indo-Pacific region, spanning the Indian Ocean and parts of the Pacific, has become increasingly prominent due to shifting geopolitical dynamics, particularly in trade, investment, infrastructure, and security. The Indo-Pacific’s experience with high carbon emissions and advancements in renewable energy—such as India’s 35.8% and Indonesia’s 22% share of clean energy in 2020—provides useful insights for Latin America, which faces similar energy supply and development issues. Both regions are facing transitioning to renewable energy amid large…

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Hydropower for Sustainable Development

Hydropower has a history dating back to the late 19th century, contributing to societal and economic development. However, the sector faced challenges, particularly in the 1990s, when numerous projects were criticized for their adverse environmental and social impacts. This criticism led to a decline in new projects and heightened scrutiny. The establishment of the World Commission on Dams (WCD) in 1998 marked a shift towards more sustainable practices. The WCD set guidelines to safeguard the…