Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each.
The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.
India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200…
South Korea will begin decommissioning its first nuclear power plant, Kori-1, marking a major step in its energy policy shift. The plant, commissioned in 1978, will be dismantled over 12 years at an estimated cost of Won 1.1 trillion ($810 million). The Nuclear Safety and Security Commission has approved Korea Hydro and Nuclear Power’s (KHNP)…
Solex Energy Limited has secured contracts worth Rs 1,790 million from Sprng Energy Private Limited and Zodiac Energy Limited for supplying solar modules for a total of 120 MW solar photovoltaic (PV) power projects in India. The contracts include: Supply of 100 MW N-type TOPCON 585/590 Wp PV modules worth Rs 1,500 million to Sprng…
NHDC, a subsidiary of NHPC, has commissioned the full 88 MW capacity of the Omkareshwar Floating Solar Power Plant (FSPV) located in the reservoir of the Omkareshwar project in Madhya Pradesh. This project, which went live on October 29, 2024, is expected to generate an annual capacity of 204.58 million units (MUs). The total project…
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a Scheme for Promotion of Surface Coal/Lignite Gasification Projects with a financial outlay of Rs 37,500 crore. The scheme aims to accelerate India’s coal and lignite gasification programme, support the target of gasifying 100 Million Tonnes (MT) of coal by 2030, strengthen energy security,…
The US Department of Energy (DoE) has announced $175 million in funding for six projects focused on modernising, retrofitting, and extending the operational life of coal-fired power plants serving rural and remote communities across the United States. The awards form part of the department’s broader $525 million programme aimed at improving reliability and efficiency across…