Power Minister aims to cut energy storage costs from Rs 10-18/kWh

13 Dec 2023 CW Team

India's Power Minister announces plans to further reduce energy storage costs, currently at Rs 10-18 per kWh. This initiative aligns with the government's commitment to making sustainable energy solutions more affordable and accessible for a wider population.

The current cost of energy storage reflects a significant achievement in the renewable energy landscape, indicating advancements in technology and economies of scale. The Power Minister's proactive approach to decreasing these costs demonstrates the government's dedication to fostering a conducive environment for the widespread adoption of energy storage solutions.

Reducing energy storage costs is crucial for the integration of renewable energy sources into the grid and addressing the intermittency challenge. As India continues its transition towards cleaner and more sustainable energy systems, affordable energy storage solutions play a pivotal role in ensuring grid stability and reliability.

The government's commitment to driving down costs indicates a positive outlook for the renewable energy sector. It not only supports the achievement of India's renewable energy targets but also positions the country as a global leader in adopting cost-effective and sustainable energy storage technologies. This move aligns with the broader global trend of making clean energy solutions economically viable, contributing to a greener and more sustainable future.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..