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48 per cent GST on hybrid cars, 5 per cent on EVs to stay: Amitabh Kant
Mercedes-Benz India’s Managing Director and CEO, Santosh Iyer, has praised the Central government’s commitment to the transition from internal combustion engine (ICE) cars to electric vehicles (EVs). Iyer referred to the recent statement by India’s G20 Sherpa, Amitabh Kant, reaffirming the country’s long-term plan to maintain a 5% tax on electric cars and 48% tax on hybrid vehicles. On Thursday, Mercedes-Benz launched its first electric Maybach SUV, the Maybach EQS 680, starting at Rs 22.5…
60 MW solar plant in Khargone to be completed by year-end
The construction of a 60 MW solar power plant in Khargone, Madhya Pradesh, is expected to be completed by the end of this year, according to an official from the Indore Municipal Corporation (IMC). The project, estimated to cost Rs 3.08 billion, is being built on 220 acres in Jalud village. Of the total project cost, Rs 2.44 billion was raised by IMC through green bonds issued to the public in February last year. The…
India’s short-term power trading market grows 12% in FY24
Power trading in India’s short-term market rose by 12% in FY24, reaching 218.22 billion units (BU) from 194.35 BU in FY23, as reported by the Central Electricity Regulatory Commission (CERC). Short-term transactions, including deviation settlement mechanism (DSM) volumes, consist of contracts under one year, executed bilaterally or through power exchanges, representing 12.5% of the country’s total electricity generation. The remaining 87.5% was sourced through long-term contracts and intra-state transactions by distribution companies. The CERC report…
Uttar Pradesh to launch e-mobility dashboard and app to boost EV adoption
The Uttar Pradesh government is developing a web-based e-mobility dashboard and a mobile app for EV Accelerator Cell. Invest UP, the nodal agency for tracking investments in the state, has assigned Uttar Pradesh Development Systems Corporation Ltd. (UPDESCO) to lead this initiative, which is expected to be completed within 90 days. The e-mobility dashboard and app will enhance data visibility, monitoring, and management of EV registrations and charging infrastructure. It will compile information from various…
Ambuja Cements commissions 200 MW solar project in Gujarat
Ambuja Cements has commissioned its 200 MW solar power project in Khavda, Gujarat, with transmission starting on December 12, 2024. The remaining 806 MW capacity is under various commissioning stages and is expected to be operational between March and June 2025. This project is projected to reduce power costs by 70 per cent compared to current rates. The company has received standing clearance for the 200 MW from the Western Regional Load Dispatch Centre (WRLDC)….
CPS Energy partners with Eolian for large-scale battery storage projects in Texas
CPS Energy, a municipally owned energy company in the US, has signed agreements with Eolian to establish two large-scale battery energy storage systems (BESS) in South Bexar County, Texas. The Ferdinand and Padua 2 projects, with capacities of 200 MW and 150 MW respectively, are expected to become operational in the first half of 2026. These facilities will build on the existing partnership between CPS Energy and Eolian, which includes the 50MW Padua 1 project…