Key Points
Union Minister R K Singh on Friday said India is poised to become a developed nation, as the country is modernising its infrastructure at a rapid pace..
Stressing that India is modernising its infrastructure at a rapid pace, he said the total length of expressway at present is 3,106 km which was 353 km in 2014...
The union Power and New & Renewable Energy Minister informed that the capital expenditure by the government has increased to Rs 10 lakh crore in 2023-24, from Rs 7.5 lakh crore in 2022-23 and Rs 5.5 lakh crore in 2021-22...
You might be interested in
India has become power surplus, net exporter in 9 years: R K Singh
22, Jun, 23India Business News: India has become a power surplus country and a net exporter of electricity as a result of reforms initiated by the Narendra Modi-led government in the
Govt plans to add 250GW of renewable energy capacity in next five years
06, Apr, 23India currently has a total renewable energy capacity of 169GW (as on 28 February 2023) with about 82GW at various stages of implementation and about 41GW under tendering stage.
Non-fossil fuels account for 44% of India's power generation capacity - power minister
05, Dec, 23Non-fossil fuel sources accounted for about 44% of India's power generation capacity as of October end, the country's Power and Renewable Energy Minister R K Singh told Parliament on Tuesday.
KKR’s IndiGrid acquires Virescent for ₹4,000 cr
12, May, 23India Grid Trust, backed by KKR & Co., will acquire all units of KKR-sponsored Virescent Renewable Energy Trust (VRET) for an enterprise value of INR4,000 crore ($544m). VRET is India's first renewable infrastructure investment trust (InvIT). The acquisition includes the investment manager and project manager. KKR had previously planned to sell its 77% stake in VRET with JP Morgan running the sale process. The transaction is subject to requisite regulatory and unitholder approvals.
India can be part of renewable power deal after terms bargain
03, Dec, 23India Business News: India's commitment to increase non-fossil power capacity by 2030, in line with the Paris Agreement, is balanced with its priority to lift millions out
Explainer: How India can step up clean power to achieve 2/3rd of its capacity in renewable sector
12, Jun, 23By 2032, India plans to have two-third of its power capacity in the renewable sector.
India to add 80 GW coal-fuelled power generation capacity by 2031-32
22, Nov, 23This dependence on coal comes amid India's ambitious renewable energy goals
Waste-to-energy maker SAEL raises Rs 1,325-crore from bond issue
03, Apr, 23SAEL, a waste-to-energy producer in India, has procured Rs 1,325 crore ($176m) by releasing AA rated bonds to top institutional investors, including Tata Cleantech Capital and Aseem Infrastructure Finance. The bonds have a 10-year tenure and will fund the development of an IPO-ready renewable energy firm in line with SAEL's plan to add 3.5 GW of green capacity over the next five years.
India's energy shift: Major growth in renewables sets stage for a green 2024
26, Dec, 23Marking a significant milestone in India's green energy chronicle was the launch of the National Green Hydrogen Mission. The government's resolve in augmenting renewable energy was further underscored by its plan to infuse 50 GW of renewable energy capacity annually till FY28.
9 per cent of India's electricity to come from nuclear sources by 2047: Jitendra Singh
09, Apr, 23India plans to generate 9% of its electricity from nuclear sources by 2047, according to Union Minister Jitendra Singh. The move will help it achieve its net-zero target by 2070. Singh said the Department of Atomic Energy is expected to achieve 20 GW capacity of nuclear power generation by 2030, making India the world's third-largest producer of atomic energy, behind the US and France.