Modi's Made in India dream takes a beating
Prime Minister Narendra Modi urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around $3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years.
French oil and energy group Total has agreed to a $2.5 billion deal that includes buying a 20 per cent minority stake in Adani Green Energy Ltd (AGEL) from Adani Group, as it builds up its presence in the renewable energy sector. The deal involves Paris-based Total getting a board seat in the largest solar energy developer in the world, as well as a 50 per cent stake in a 2.35 gigawatts portfolio of operating solar assets, the two firms said in statements. Total had in 2018, agreed to buy a 37.4 per cent stake in Adani Gas Ltd - the city gas distribution firm of the Adani Group, and a 50 per cent stake in the billionaire Gautam Adani-run ports-to-energy conglomerate's under-construction Dhamra LNG project in Odisha.
Asia's biggest solar power plant having the capacity to generate 130 mw was already functioning in MP's Neemuch district
With the Centre issuing the guidelines of the new semiconductor policy, companies are firming up their investment plans in India to set up plants.
The prize, worth 40,000 pounds, was announced yesterday night by noted environmentalist and broadcaster, Sir David Attenborough.
Auditor Deloitte flagged three transactions, including recoveries from a contractor identified in the Hindenburg report, as it issued a qualified opinion on the accounts of Adani Ports & Special Economic Zone.
Foreign investment firms, especially private equity, are jittery about the Indian market as uncertainty continues to shroud the energy sector.
'India needs many more job creators, both in manufacturing and services, to make it big.' 'For that, the red carpet must be rolled out fully and for all investors without holding back,' suggests Nivedita Mookerji.
The clean energy sector in India will be one of the first sectors that would benefit during Prime Minister Narendra Modi's US trip. The sector awaits investments worth about $1 billion from US companies.
A framework agreement on Jaitapur Nuclear Power Project (JNPP) is expected to be signed between the two sides during the visit.
Cost of solar power broke the Rs 10/unit barrier in a reverse auction process conducted by India government.
The India-US Commercial Dialogue is an institutional arrangement between the two countries to promote trade and remove obstacles.
Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate.
Dubai Municipality will not approve any building license after March 4, 2012, unless the building plan has provision for solar water heaters.
Modi was honoured with the 'Order of Zayed', the UAE's highest civilian award, in 2019 as a mark of appreciation for his efforts to boost bilateral ties between the two nations.
With a view to reducing its dependence on conventional sources of energy, Railways is looking to harness solar power in a big way and is likely to include a plan for the same in its upcoming budget.
Moser Baer, maker of computer compact discs, on Monday said it will invest $250 million over the next three years to set up a thin film solar fabrication facility.
Reliance's big-bang entry across the solar ecosystem will cut dependence on Chinese imports drastically. And Ambani's repeated emphasis that RIL's new energy foray will be 'a truly global business' points that his group is playing not just for a share of the Indian pie but to be the OEM in the larger 5,000 GW global market by 2030, points out Shailesh Dobhal.
This is Rabi Rashmi Abasan, India's first "solar housing complex". Piloted by the West Bengal Renewable Energy Development Authority (WBREDA), the 26 villas in this complex are a showcase for the exciting possibilities that BIPV - building integrated photovoltaic - technology offers for residential projects of a similar nature.
The Great Indian bustard is at the centre of another impending legal tussle. The government is planning to move the Supreme Court seeking a review of its order that asked Gujarat and Rajasthan to lay transmission lines linked to solar power units underground so as to not pose any threat to the endangered bird. The ministry of new and renewable energy (MNRE) has sought a view from the law ministry and will move the court basing its arguments on estimates showing that the bird's population was declining even before solar power plants came to the region, said a senior government official requesting anonymity.
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SoftBank will hold majority stake in the joint venture.
He said government's objective is to generate 20000 MW solar power by 2020.
The roof top installation by the Karnataka State Cricket Association is a novel initiative executed for the first time at any stadium in the country and, probably, also the first cricket stadium in the world to have such facility, the Karnataka State Cricket Association said.
The solar-powered airplane from San Fransisco to Phoenix took 18 hours and 18 minutes on Saturday - and didn't use a drop of fuel.
Posco Daewoo, the South Korean conglomerate whose Cielo sedan and Matiz hatchback were once the pride of Indian car owners, is looking to re-enter India. And its return journey is riding on plans to sell electric bikes and e-cycles. The company termed India's robust economic growth and surging consumer demand as reasons behind its comeback plans, saying they make India "one of the world's most promising consumer markets," according to Y S Choi, general manager, Posco Daewoo South Korea.
Data collected around L1 would provide insights into the origin, acceleration, and anisotropy of solar wind and space weather phenomena, it said.
The dealers operating in the space have jumped nearly three times over the past two years.
The government is finalising the national action plan on climate change and would release this in June, said Shyam Saran, Prime Minister's special envoy for climate change. The action plan would focus on key issues like improving energy efficiency, harnessing solar energy, studying the melting and cracking of icebergs on the Himalayas and understanding the dynamics of coastal and island territories.The plan would contain mechanisms for implementation of various policies.
The project biomass solar energy type and would be developed in a viability gap funding kind of model, in which the end product has to sold at a specified price.
At a virtual press conference to launch the report, Inger Anderson, Executive Director, United Nations Environment Programme, said, "Climate change is here and now. No one is safe. Despite warnings from so many years, the world did not listen. We need to act now. Reducing greenhouse gas emissions will not only limit climate change but also reduce air pollution."
The 1.47-minute video also has a few glimpses of the prime minister's daily walk from his home to his office within the Lok Kalyan Marg residence.
The car which has a 30 kmph cruising speed, can travel a distance of 150 kms on a fully charged battery.
European Investment Bank has expressed interest in financing solar park projects in India, the Asian Development Bank senior investment specialist Don Purka said on Thursday.
Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.
As India builds its data centre capabilities, it is imperative that it is supported by green energy. This is because data centres are guzzlers of energy.
Adani Power, part of the Adani group, plans to add close to 6 gigawatts (Gw) of new power assets in the next five years, according to an investor presentation by the company. That is clearly meant to ride on India's burgeoning power demand. But there is another side to it: All of this new capacity is expected to be thermal power, or power produced from coal.
The unrelenting heatwave sweeping large parts of the country has claimed at least 110 lives and left over 40,000 people grappling with suspected heatstroke between March 1 and June 18 this year, health ministry sources said on Thursday.
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