NTPC to prepare DPR for 1,600 MW thermal power project

$120 mn investments, $250 mn credit for Chabahar Port growth

The signing of the Long Term Bilateral Contract on Chabahar Port Operations occurred in the presence of HE Mehrdad Bazrpash, Minister of Roads & Urban Development, Iran, and India's Minister of Ports, Shipping, and Waterways Sarbananda Sonowal.

It has been learned that India's 10-year bilateral contract with Iran for the operation of Chabahar Port is expected to attract an investment of around $370 million. This investment consists of a direct contribution of $120 million from India for infrastructure development and a $250 million line of credit to Iran.

India's commitment o..

No plans to privatise ports, shipping

The Government of India clarified that there are no ongoing discussions about privatisation of shipping and ports. The Ministry of Ports, Shipping and Waterways (MoPSW) emphasised that all 12 major ports, which are entirely owned by the Central Government, have not been privatised. However, the government has shown openness to private sector participation through Public-Private Partnerships (PPPs). Under these partnerships, private entities can engage in specific projects, berths, and terminals through concession agreements. These agreements involve a competitive bidding process. The terms ..

Union Minister Boosts North East Waterways with Rs 308 Cr Push

In a significant move aimed at bolstering connectivity and driving economic growth in the North East region, Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, unveiled a series of development projects totaling Rs 308 crores. The launch event, held in Guwahati, marked a major push towards harnessing the potential of inland waterways to enhance trade and commerce in the region.

Simultaneously conducted across multiple locations including Bogibeel in Dibrugarh, Badarpur in Karimganj, IWAI port in Dhubri, and Sonamura in Tripura, the event showcased the inauguration of cru..

Solar energy systems to be installed in SAIL's Plant site

Steel Authority of India Limited (SAIL)?s Bhilai Steel Plant (BSP) will install solar power generation systems on its site buildings of 2 MW of electricity. The plant has signed an agreement with the Chhattisgarh State Renewable Energy Development Agency (CREDA) for the solar power generation project. Further, another initiative of rooftop solar energy of about 3 MW of electricity systems installation on residences and offices in the township is also underway.

After both projects are finished, annual carbon dioxide emissions might be reduced by as much as 2,900 tonnes, contributing to e..

Morocco to expand energy capacity by 9 gigawatts; 6.5 for renewables

Leila Benali, Energy Minister, Morroco, speaking at a conference on batteries in Rabat, revealed that out of the $7 billion investment planned by Morocco to expand its energy capacity by 9 gigawatts by 2027, 6.5 gigawatts would be attributed to renewables. Currently, renewable capacity stands at 4.5 gigawatts, comprising 37.6 % of the total capacity, as reported by the electricity regulator.

Since 2009, Morocco has allocated $6 billion to renewable projects, aiming to raise their share in the country's energy blend to 52% by 2050, primarily through investments in solar and wind energy. ..