Northeast gets a nod for schemes worth Rs.60 billion

Cabinet okays Railways pact with USAID

The Union Cabinet chaired by Prime Minister Narendra Modi was apprised of signing of a memorandum of understanding (MoU) between India and the US for United States Agency for International Development in India (USAID/India) on June 14, 2023, for supporting Indian Railways to achieve mission net zero carbon emission by 2030.

The MoU provides a platform for Indian Railways to interact and share the latest developments and knowledge in the railway sector.

The MoU facilitates utility modernisation, advanced energy solutions and systems, regional energy and market integration and ..

Cabinet clears Rs 207.73 bn for Ladakh power transmission

The Union Cabinet had approved a budget of Rs 207.73 billion for establishing a transmission line aimed at evacuating power from a 13 GW renewable energy project in Ladakh. The initiative was initially unveiled by Prime Minister Narendra Modi in his Independence Day address, where he outlined plans for a 7.5 GW Solar Park in Ladakh.

Following an extensive field survey, the Ministry of New and Renewable Energy (MNRE) devised a comprehensive plan for constructing a 13 GW Renewable Energy (RE) generation capacity in addition to a 12 GWh Battery Energy Storage System (BESS) in Pang, Ladakh..

Cabinet approves Rs 207.73 bn power transmission in Ladakh

The Union Cabinet announced that Rs 207.73 billion has been approved for establishing a transmission line to evacuate power from a 13 GW renewable energy project in Ladakh. Prime Minister Narendra Modi had declared the establishment of a 7.5 GW Solar Park in Ladakh during his Independence Day speech.

Following a comprehensive field survey, the Ministry of New and Renewable Energy (MNRE) devised a plan to establish a 13 GW Renewable Energy (RE) generation capacity and a 12 GWh Battery Energy Storage System (BESS) in Pang, Ladakh.

It was stated in an official release that to ha..

Repsol Eyes Stake Sale for Strategic Plan

Spanish oil major Repsol is reportedly engaged in negotiations to offload a portion of its renewable energy subsidiary as part of a strategic maneuver to propel its ambitious agenda through 2027.

Santander has purportedly been enlisted to facilitate the sale, indicating a significant step in Repsol's financial strategy. While Repsol intends to retain a majority stake in its renewables arm, the prospective deal may involve the infusion of fresh capital by the investor. However, the identity of the investor remains undisclosed at present.

Repsol Renewables, valued at 5.9 billio..

Bhilai Steel Plant Embraces Solar Power for Green Future

Bhilai Steel Plant (BSP), the leading unit of India's steel giant Steel Authority of India Limited (SAIL), is embarking on a green journey by embracing solar power initiatives. In a recent development, BSP has inked a memorandum of understanding with the Chhattisgarh State Renewable Energy Development Agency (CREDA) to install solar power generation systems across its plant premises and township in Bhilai.

According to a statement released by BSP management on Wednesday, the proposed plan aims to generate approximately 2 MW of electricity within the plant premises. Additionally, a proj..