World Bank Approves $1.5 Billion Loan to Boost India's Green Energy Drive

01 Jul 2024 CW Team

The World Bank has sanctioned a crucial $1.5 billion loan aimed at propelling India towards a robust low-carbon energy future. This financing, approved by the bank's board of executive directors marks a significant stride in India's efforts to bolster its renewable energy sector and foster a market for green hydrogen and electrolysers.

"This financing is pivotal in scaling up renewable energy capacity and stimulating investments in low-carbon energy solutions," remarked Auguste Tano Kouame, World Bank's Country Director for India.

The initiative underscores the urgency of decoupling economic growth from escalating emissions, with India's economy poised for continued expansion. "Our focus extends beyond financial support to enhancing policy frameworks and providing technical assistance crucial for energy transition," Kouame added.

Central to the program is the augmentation of policies incentivizing green hydrogen adoption and renewable energy integration. "We aim to mobilize additional private sector investments in India's energy landscape," Kouame emphasized. The program will also spotlight advancements in offshore wind, floating solar technologies, and energy efficiency enhancements, including green building initiatives.

"The amendment of grid codes to facilitate greater renewable energy integration is pivotal," Kouame highlighted, underlining the program's strategic alignment with India's renewable energy ambitions. Further initiatives will incentivize battery energy storage solutions essential for round-the-clock clean power generation.

The World Bank's endorsement of this loan underscores its commitment to supporting India's journey towards sustainable development and climate resilience. This collaboration is set to redefine India's energy landscape, advancing its global leadership in renewable energy adoption.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..