Similar Posts
ITC commissions second offsite solar plant in Karnataka
ITC has commissioned a 9.45 MW offsite solar plant in Davangere district, Karnataka, marking its second such facility in the state and fourth in the country, alongside others in Tamil Nadu, Uttar Pradesh, and Karnataka. The plant is designed to generate around 15 million units of green energy annually, supplying power to ITC’s hotels, the ITC Life Sciences and Technology Centre (LSTC), food manufacturing units in Mysore and Malur, and the ITC Green Centre in…
Indonesia announces plans for 75GW renewable energy expansion over 15 years
Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years. The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and potentially nuclear energy. With over 90GW of current power capacity, largely coal-based, Indonesia is pushing to reach carbon neutrality by…
EnBW to install 100MW battery storage system in Marbach, Germany
Energie Baden-Württemberg (EnBW) has announced plans to develop a 100MW/100MWh battery storage facility at its Marbach power plant site in Germany, for enhancing grid stability in southern Germany rather than direct household power supply. Construction is scheduled to start next year, with the facility expected to be operational by the end of 2025. The project will use cobalt-free lithium iron phosphate batteries and will share infrastructure resources with EnBW’s existing facilities, creating synergies, including the…
Indian state-run companies to raise Rs 50 billion through long-term bonds amid falling yields
Indian state-run companies, including THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency, are set to raise around Rs 50 billion ($595.61 million) through long-term bonds in the next two weeks. This move takes advantage of falling government bond yields and limited state debt supply, creating strong investor demand. With India’s 10-year bond yield at around 6.85% and 15-year yield at 6.90%, insurance companies are keen to invest in highly rated, long-duration…
KEC International secures Rs 11.42 billion in new orders across T&D, railways, and cables
KEC International has secured new orders worth Rs 11.42 billion across its various business segments: Transmission & Distribution (T&D): Orders for projects in the Middle East and Americas, including a 380 kV transmission line in Saudi Arabia and the supply of towers, hardware, and poles in the Americas. Railways: An order for constructing bridges and associated works for a railway line in India’s conventional segment. Cables: Orders for the supply of various types of cables…
ADB approves $500 million loan to accelerate Indonesia’s energy transition
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support Indonesia’s shift towards sustainable energy. This loan, part of the Affordable and Sustainable Energy Transition Program, aligns with Indonesia’s goal to meet its enhanced nationally determined contribution and reach net zero power emissions by 2050. This first tranche of a two-part program aims to facilitate the country’s transition from fossil fuels to cleaner energy by developing a regulatory framework, improving sector…