Naveen Jindal Group's Green Energy Expansion
Sarda Energy & Minerals, highest bidder for SKS Power Generation
According to sources familiar with the matter, Sarda Energy & Minerals, a Chhattisgarh-based steel producer with captive iron ore mines, has emerged as the highest bidder for SKS Power Generation (Chhattisgarh). Their offer of Rs 18 billion covers 100 per cent of the outstanding dues owed to the lenders of the company, which is currently undergoing insolvency proceedings.
In the bidding process overseen by a resolution professional, Sarda Energy & Minerals outbid competitors including the Naveen Jindal group and Torrent Power. The lenders to SKS Power Generation (Chhattisg..
EVs and Green Hydrogen for India's Net Zero
Experts predict that electric vehicles (EVs) and green hydrogen will play pivotal roles in India's journey towards achieving its net-zero emissions target by 2070. Embracing these sustainable technologies is seen as essential for India to address climate change and reduce its carbon footprint significantly.
The shift towards EVs and green hydrogen is expected to revolutionise India's transportation and energy sectors, promoting cleaner and more sustainable alternatives to traditional fossil fuels. EVs offer a clean mobility solution, reducing air pollution and dependence on fossil fuel..
78 MW wind-solar hybrid power project tender issues by HPCL
HPCL Renewables and Green Energy, a sub-unit of Hindustan Petroleum Corporation (HPCL), issued a proposal for a 78 MW wind-solar hybrid power project for engineering, procurement, and construction (EPC). The comprehensive operation and maintenance (O&M) will be done by the contractor for the stipulated 10 years. It is anticipated that the hybrid project would offer its Mumbai refinery continuous electricity to produce at least 50% green energy at 686 MU. The refinery's contracted load is 90 MW. By 2040, HPCL Renewables & Green Energy wants to have zero net carbon emissions and switch to renewa..