NTPC GREEN ENERGY VOC PORT
India revokes grid access for 17 GW of clean energy projects, says source
India has cancelled grid access for 17 GW of delayed clean energy projects, prioritizing operational and near-completion projects amidst surging power demand. This action, impacting companies like Adani Green and ReNew Power, aims to streamline grid rules and ensure uninterrupted electricity supply. The country is striving to achieve its ambitious 500 GW non-fossil fuel target by 2030.
ASEAN benefits when China, India engage: Singapore minister
Singapore minister says India and China drive Asia's growth. ASEAN benefits from their engagement. ASEAN offers trade opportunities. China is ASEAN's top trading partner and investor. India can integrate supply chains with ASEAN. Singapore has strong ties with both nations. India-Singapore ties are growing. China is Singapore's top trading partner. Singapore is a hub for trade and connectivity.
NTPC Green Energy shares in focus after MoU to set up hydrogen fuel station at VOC Port
NTPC Green Energy partners with V.O. Chidambaranar Port Authority to establish a green hydrogen fueling station and deploy hydrogen-powered trucks, promoting green energy technologies and decarbonization. The company's financial performance shows a strong increase in net profit and sales. Technically, the stock exhibits mixed signals, trading below longer-term moving averages but above shorter-term ones.
Adani Group looks to invest USD 60 bn in power, RE sectors till FY32
Adani Group plans to invest approximately USD 60 billion in the power sector by FY32, with a significant focus on renewable energy expansion. The group aims to increase its renewable energy capacity to 50 GW by FY30, investing USD 17 billion in transmission and distribution capabilities. Adani Power will invest USD 22 billion to reach a 41.
'Build, baby, build': Canada PM's plan to counter Trump
Prime Minister Mark Carney's "Build, baby, build!" plan aims to revitalize Canada's economy amidst Trump's trade war. The new Major Projects Office will fast-track infrastructure projects, including ports, highways, and potentially a controversial oil pipeline.
India’s first port-based green hydrogen pilot project begins production
Sarbananda Sonowal launched India's first Green Hydrogen Pilot Project at V.O. Chidambaranar Port. The project will power streetlights and an EV charging station. VOC Port is now the first in India to produce green hydrogen. India aims to be a top shipbuilding nation by 2030 and among the top five by 2047.
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No reduction in overall cargo shipments from India: Sonowal
Despite a 50% US tariff on Indian goods, Union Minister Sarbananda Sonowal asserts that overall cargo shipments from India remain unaffected. Exports to the US increased by 21.64% during April-July. VOC Port is pioneering green initiatives, including a green hydrogen project and a green methanol bunkering facility, contributing to India's economic goals.
India, Singapore unveil road to jointly navigate global challenges
India and Singapore are strengthening ties. Both countries are expanding their strategic partnership. They are focusing on trade, manufacturing, and technology. Agreements are signed for aviation, skills, and green shipping. Both countries will cooperate on digital assets and infrastructure. They will also focus on security and counter-terrorism. Narendra Modi and Lawrence Wong express commitment to the partnership.
NTPC shares in focus after Tanda Thermal Power Station Stage-I shutdown
NTPC shares are set to be in focus after the state-run power producer announced the permanent closure of its Tanda Thermal Power Station, Stage I, effective September 1. The facility comprised four units of 110 MW each. The shutdown, approved by the competent authority and communicated to the CEA, aligns with NTPC’s ongoing portfolio optimisation strategy.
How will the recent GST changes affect different sectors of the economy?
GST slab rationalization is set to spur consumption and economic growth. Automobile, cement, and consumer goods sectors are likely to benefit. Two-wheeler makers with higher than 350 cc bikes may face negative impact. Retail-focused lenders could see improved credit demand. Renewable energy companies may gain from GST reduction on solar cells.
Bhupendra Patel meets industrialists, holds roadshow in Delhi to promote Vibrant Gujarat Regional Conference
Gujarat is set to host Vibrant Gujarat Regional Conferences to showcase industrial potential and cultural heritage, aiming for inclusive growth. Inspired by Prime Minister Modi's vision, these conferences will accelerate regional industrial and economic development, creating sector-specific investment opportunities. The focus is on balanced regional development and contributing to India's $3.5 trillion economy goal by 2047.
Clean energy projects installations to get cheaper due to lower tax on devices
India reduces GST on renewable energy devices. The GST Council approved the rate cut to promote green power adoption. Fuel cell vehicles and solar cookers also see reduced duties. The new rates take effect from September 22. Industry leaders expect lower project costs and increased investment. This move supports India's renewable energy targets and sustainable future.
Adani Green, Waaree Energies and other renewable energy stocks in focus as GST cut to 5% from 12%
Renewable energy stocks like Adani Green, Tata Power, NTPC, and Waaree Energies in focus after the GST Council cut tax on solar, wind, biogas, and other clean energy devices and parts to 5% from 12%, lowering costs for developers and boosting green transition.
KP Group partners with AHES, GH2 Solar to set up green ammonia plant in India
KP Group is collaborating with AHES and GH2 for green ammonia production. The facility will be in India with 100,000 metric tons capacity annually. KPI Green Hydrogen & Ammonia Pvt Ltd, AHES Co Ltd, and GH2 Solar Ltd signed a MoU. AHES and GH2 will arrange offtake agreements.
India to test battery storage at coal plants to balance grid as solar power surges
India plans to test battery storage systems at coal plants. This will help integrate solar power and maintain a reliable electricity supply. Thermal plants can store excess energy. They can dispatch it later when needed. NTPC will conduct the tests at some plants. The government is providing funding support. This initiative aims to stabilize coal plant operations and reduce costs.
Inox Green signs O&M agreements for solar projects of 189.1 MWp
According to a company statement, the pacts include 96.6 MWp with a global PE-backed Independent Power Producer (IPP) for their projects located in Maharashtra and 92.5 MWp with an IPP for their projects located in Gujarat and Madhya Pradesh. With these additions, Inox Green's solar O&M portfolio has touched 1.8 GW, taking the total renewable O&M portfolio to 5.3 GW, the statement added.
PM Modi to take part at India Maritime Week in Mumbai: Union minister Sarbananda Sonowal
Union Minister Sarbananda Sonowal announced Prime Minister Modi's attendance at India Maritime Week in Mumbai, highlighting India's growing maritime influence. Two luxury cruise ships are being built for the Brahmaputra River, enhancing Assam's tourism. Investments in Northeast waterways infrastructure and initiatives like the Cruise Bharat Mission are set to unlock the region's maritime potential and boost economic growth.
About 83% green energy switch funded domestically, need to unlock international finance: WRI India CEO
WRI India emphasizes the need to unlock international finance for India's green energy transition, as domestic funding covers 83% of the costs. Sectors like green steel and aviation require foreign investment to meet climate goals. The organization signed MoUs to accelerate clean energy adoption and electric mobility, urging MSMEs to embrace resilience and green skilling.
Gadkari calls for need-based research on green hydrogen to make it economically viable
Nitin Gadkari emphasized green hydrogen's potential to revolutionize transport, pharmaceuticals, and steel industries, aiming to reduce fuel costs and transform India into an energy exporter. He highlighted upcoming trials for green hydrogen trucks and the possibility of using municipal waste for cheap hydrogen production.
NTPC Green Energy announces commercial operation of 25 MW solar capacity
NTPC Green Energy, a subsidiary of NTPC, is set to commercially operate 25 MW of solar capacity starting September 3, 2024. This addition will increase the NTPC group's total installed and commercial capacity to 83,366 MW. NTPC, India's largest power generation entity under the Ministry of Power, continues to expand its renewable energy portfolio.
Adani Green Energy operationalises 125-megawatt project in Gujarat
Adani Green Energy Ltd (AGEL) announced on Monday the operationalization of a 125-megawatt solar power project in Khavda, Gujarat, through its subsidiary, Adani Renewable Energy Fifty Six Limited. This addition elevates AGEL's total operational renewable generation capacity to an impressive 15,990.5 MW, reinforcing the company's commitment to expanding its green energy footprint in India.
Advanced tech coal power project on the back burner
The government is reconsidering its advanced ultra supercritical (AUSC) power project plans due to high upfront costs and the need for viability gap funding. While the technology offers improved efficiency and lower emissions, similar benefits are available from nuclear and renewable energy sources without subsidies.
From oil to green power: Reliance bets on the world’s largest clean energy hub
Reliance Industries is shifting from fossil fuels to clean energy. The company plans a mega battery plant by 2026. It will build a solar project larger than Singapore. Reliance aims for 3 million tonnes of green hydrogen by 2032. Anant Ambani envisions an integrated new energy ecosystem.
Sunsure Energy, NVVN sign 500 MWh BESS pact for peak hour power supply to UPPCL
Sunsure Energy has partnered with NTPC Vidyut Vyapar Nigam to supply 500 MWh of peak power from a battery energy storage system to Uttar Pradesh Power Corporation. The 15-year agreement involves Sunsure establishing a standalone BESS in Jhansi, delivering on-demand power during peak hours. This agreement marks a shift in India's energy storage, billing based on discharged energy.
Adani's Vizhinjam port achieves major milestone, hits 1 million TEUs
Adani Group's Vizhinjam International Seaport has achieved a major milestone. The port handled over 1 million TEUs in nine months. Kerala's Minister for Ports, V N Vasavan, marked this achievement at a ceremony. Vizhinjam has welcomed over 460 vessels since its launch in December 2024. The port exceeded initial projections. It is reshaping India's maritime map.
4 IPO listings tomorrow, one big favourite. Check which one has the highest debut potential
Dalal Street anticipates a busy day as Patel Retail, Vikram Solar, Shreeji Shipping, and Gem Aromatics debut on the stock exchanges. Patel Retail leads with an 18% GMP and record subscription, followed by Vikram Solar at 14% and Shreeji Shipping at 13%. Gem Aromatics posts a modest 8% GMP, with strong institutional and retail interest potentially driving positive listing gains.
India's renewable energy sector set for Rs 25,000 crore IPO surge
Indian renewable energy companies are preparing for significant fundraising through IPOs. Several companies like Emmvee Photovoltaic and Juniper Green Energy await SEBI approval. NTPC Green Energy's successful listing has boosted the sector. Experts believe this signals the sector's maturity. Companies will use IPO proceeds for capacity expansion. This surge in activity is driven by India's ambitious renewable energy targets.
NTPC Green commissions 49 MW capacity at Khavda solar project
NTPC Green Energy Ltd (NGEL) announced that the commercial supply of 49 MW capacity at the Khavda Solar Energy Project in Gujarat will commence on August 22, 2024. This marks the third part commissioning of the 300 MW project. Earlier parts of the project, with capacities of 142.2 MW and 32.8 MW, became operational in June.
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