BUSINESS
MC Explains: Why are pumped hydro storage projects on the agenda of governments, companies?
The central government recently sped up the permission process for pumped storage projects in the country. State governments have also signed MoUs for setting up PSPs. Moneycontrol explains why governments are so invested in this hydropower technology.
BUSINESS
Kavach rollout may take 15 years; not the 'cure’ for all rail accidents: HBL Power Systems
Priority routes to be completed in 5 to 6 years, says CMD of HBL Power Systems, a key private player collaborating with the Ministry of Railways for setting up of Kavach train anti-collision system.
BUSINESS
IEA predicts ethanol demand growth in India on 20% blending target
Biofuels replaced 2 million barrels of global oil demand a day in 2022
BUSINESS
Maharashtra signs MoU with NHPC for renewable energy projects
These projects will attract an investment of about Rs 44,000 crore and will generate indirect and direct employment for 7,000 people in the state.
POWER
Lower city embedded generation a cause for Mumbai power cuts: Tata Power
Tata Power now adding renewables to city-based generation portfolio as thermal plants are polluting, way more expensive, and take much longer to be built. Company looking at running decommissioned 500 MW Unit 6 of Trombay thermal power plant, using naphtha and green hydrogen as fuel.
ENVIRONMENT
Plastics, e-waste, battery recycling industry could be worth $20 bn by 2030: Avendus
The report, to be unveiled on World Environment Day on June 5, says these three segments will drive India’s circular economy agenda.
ENVIRONMENT
World Environment Day 2023 | India’s digging deep, to harness its geothermal energy
The Geological Survey of India has calculated that India can potentially generate 10GW of power from geothermal resources.
BUSINESS
MC Explains: How G20’s environment working group and Ocean 20 dialogue are pushing the ‘blue economy’ agenda
G20 deliberations currently ongoing in Mumbai aim to promote sustainable blue economies through advancements in science, technology, and innovation, supported by robust policy frameworks, governance initiatives, and alternative finance mechanisms.
