MNRE plans to raise over Rs.135 billion via Green Bonds in FY25
ECONOMY & POLICY

MNRE plans to raise over Rs.135 billion via Green Bonds in FY25

The Ministry of New and Renewable Energy (MNRE) plans to raise over Rs.135 billion through green bonds for funding various renewable energy projects in the current financial year, ending March 2025.According to the Union Budget for FY25, the statement for fund utilisation and allocation un...

The Ministry of New and Renewable Energy (MNRE) plans to raise over Rs.135 billion through green bonds for funding various renewable energy projects in the current financial year, ending March 2025.According to the Union Budget for FY25, the statement for fund utilisation and allocation under schemes eligible for the Sovereign Green Bond (SGrB) proceeds shows that MNRE plans to raise Rs.135 billion.While the budget estimate (BE) of Rs.135 billion for FY25 is higher by 80 per cent compared to the BE for FY24 Rs.75.07 billion), it is more than double compared to the revised estimate (RE) for the last fiscal year Rs.61.16 billion).Of the total, the highest Rs.100 billion is being planned to be raised for investment in solar energy. This is followed by Rs.19.96 billion for PM KUSUM (rural solar scheme), Rs.9.3 billion for wind energy and Rs 6 billion for the national green hydrogen mission.Overall, the various ministries and departments plan to raise a total of Rs.320 billion via SGrBs.

Next Story
Infrastructure Energy

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Next Story
Infrastructure Energy

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Next Story
Infrastructure Energy

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?