Closer ties with India for more sustainable future

University of Adelaide’s Professor Kannan Govindan, Dr Stephen Kidd, Mr Daniel Tackage, Dr Amit Srivastava, Dr Woei Saw and Dr Rey Chin with experts from the Indian Institute of Science (IISc), Bangalore.

A new collaboration between the University of Adelaide and the Indian Institute of Science (IISc), Bangalore will see expertise in the fields of stainability and energy shared between the two leading universities.The fields of energy and sustainability have been a key focus of the…
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Source: https://www.miragenews.com/closer-ties-with-india-for-more-sustainable-1162874/

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India’s steel majors seeking govt intervention to control raw materials prices | Commodities Corner

India’s Steel Majors Are Seeking Govt Intervention To Control Raw Materials Prices. Mills has flagged issues in the price discovery process of coking coal by international players and has reportedly asked the government to push for a “more realistic” price discovery mechanism. Steel makers,…
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Source: https://www.moneycontrol.com/

AGEL announces premature repayment plan for $750 million debt

Highlights :

Powered by the closure of its JV with Total Energies, besides promoter contributions and internal accruals, the cash backed plan is a strong iteration of the firm’s financial footing

Adani Green Energy Limited (AGEL) has announced the redemption plan for the USD 750 million 4.375 notes due 09 September 2024 (Holdco Notes).
The outstanding amounts of the Holdco Notes shall be fully secured through cash balances set aside as part of various reserve accounts securing the…
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Source: https://www.saurenergy.com/solar-energy-news/agel-unveils-cash-backed-plan-for-redeeming-750-million-debt

New Or Used Electric Vehicle: Which Is The Better Option?

Many potential car buyers cannot afford electric vehicles (EVs) these days due to their high cost.If you want an EV but cannot afford to buy one new, it is natural to consider purchasing a used model.Even though the volume of used EVs remains low in comparison to Internal Combustion Engines (ICE) vehicles, when browsing the used market these days, you will undoubtedly come across a wide selection of very appealing potential purchases. Because EVs still have higher depreciation than their…
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Source: https://www.news18.com/amp/auto/new-or-used-electric-vehicle-which-is-the-better-option-8751752.html

Real Estate Manager CapitaLand Adds 21 MW Solar in Tamil Nadu

CapitaLand India Trust (CLINT) has set up its first captive solar power plant in Tamil Nadu, India. The 21-megawatt (MW) solar plant will generate over 30 million kilowatt-hours (kWh) of electricity annually and meet the power supply needs of 2 million sq ft equivalent of office space.
The power generated from the solar plant will be utilised predominantly for the common areas of CLINT’s assets in Tamil Nadu. This will increase CLINT’s green energy usage by over 70%, reduce its…
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India’s worrying take of growth

India’s GDP is projected to rise 7.3 per cent in 2023-24, but private final consumption growth is at just 4.4 per cent. The latter figure — for an economy that, unlike China, has traditionally been consumption-based as opposed to investment-driven — is also corroborated by other data. Hindustan Unilever, the bellwether for India’s fast-moving consumer goods (FMCG) sector, reported a 0.4 per cent year-on-year decline in sales revenue for the October-December 2023 quarter, with a mere…
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Source: https://indianexpress.com/article/opinion/editorials/indias-worrying-take-of-growth-9131963/lite/

ReNew proposes to invest Rs 26,400 crore for green hydrogen project in Kerala, ET EnergyWorld

New Delhi: ReNew, a Nasdaq-listed decarbonisation firm, has proposed a total investment of Rs 26,400 crore for a green hydrogen project with 220-kilo-tonnes-per-annum (KTPA) of green hydrogen production capacity in Kerala.This green hydrogen capacity will be used to produce 1,100 KTPA of green ammonia. The project will be powered by a 2 GW capacity electrolyser, which is 14,000 million units of power annually from 5 GW to 6 GW renewable…
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Volvo EX90 price; EV charging, V2G charging

Vehicle-to-grid (V2G) charging could help balance electricity usage by feeding it back to the grid in peak periods after storing it during off-peak periods.Polestar has teamed up with energy suppliers and others for a large-scale vehicle-to-grid (V2G) project in its Swedish home city of Gothenburg, using its new electric SUV, the 3. It is also working with the California Energy Commission and partners to investigate developing V2G systems in California.V2G systems rely on bi-directional…
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Source: https://www.autocarindia.com/auto-features-amp/tech-talk-how-evs-will-become-part-of-the-energy-grid-430445

Can smart meters make India energy efficient?  

Smart meters have been making headlines in recent times. In this episode of the State of the Economy Podcast, Girishkumar Kadam, Senior Vice President and Group Head of Corporate Sector Ratings, ICRA, sheds light on the status and significance of the smart meter installation project in India’s power sector.  The podcast emphasises the crucial role of smart meters in minimising billing and collection inefficiencies, reducing aggregate technical and commercial losses, and enhancing grid…
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Source: https://www.thehindubusinessline.com/multimedia/can-smart-meters-make-india-energy-efficient/article67779753.ece