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FIN & TECH
Govt Allocates $1.48B for Hydropower Infrastructure, Targets 31.35 GW
The cost has been rationalized to ₹1 crore per MW for projects up to 200 MW capacity and ₹200 crore plus ₹0.75 crore per MW for ones over 200 MW.
MUFG and Doha Bank Close First Green Repurchase Scheme in Middle East
This transaction marks both institutions’ first green repo scheme, utilizing green bonds as the underlying collateral.
Govt Allocates $1.48B for Hydropower Infrastructure, Targets 31.35 GW
The cost has been rationalized to ₹1 crore per MW for projects up to 200 MW capacity and ₹200 crore plus ₹0.75 crore per MW for ones over 200 MW.
MUFG and Doha Bank Close First Green Repurchase Scheme in Middle East
This transaction marks both institutions’ first green repo scheme, utilizing green bonds as the underlying collateral.
Panasonic plans to reduce 1% of global emission by 2050, says Panasonic Middle East & Africa MD Hiroyuki Shibutani (Interview)
Looking ahead to 2050, Panasonic Group aspires to make a significant impact, aiming to cut CO2 emissions by over 300 million tons—equivalent to approximately 1% of the current global total emissions
COP28: Setting the Pace for a New Era
COP28 has mobilized over $83 billion in funding, along with 11 pledges and declarations launched and received historic support
EDITORS PICK
India Needs to Increase Renewable Energy Push to Meet 2030 Target, Report Warns
The report proposes lowering the GST on hydropower components from the current range of 18-28% to 12% and reducing the GST on wind projects from 12% to 5%.
ESG Now a Key Factor in M&A Deals: KPMG Survey
A key finding of the survey is that companies with high ESG maturity are commanding premium valuations.
Exponent Energy, Veera Vahana Launch World’s 1st 15-Min Charging Intercity Bus
The EV is the world’s first 13.5-meter 2-axle electric bus with 15-minute rapid charging, boasting a 320 kWh battery pack and a 6,00,000 km battery warranty.
FAME 3 Incentive Scheme Rolls Out Soon
FAME 3 is likely to increase subsidies for electric buses purchased by State Transport Undertakings (STUs) compared to FAME 2, which incentivized the purchase of 7,000 electric buses.
Recent Posts
Noida International Airport ties up with Statiq for 24/7 EV Charging Infrastructure
Statiq will be responsible for setting up, operating, and maintaining the charging infrastructure, which will be available 24/7 for all airport vehicles.
JSW Energy Arm Powers Up 300 MW Wind Project in Tamil Nadu
JSW Renew Energy also commissioned 138 MW of the additional 150 MW of wind capacity awarded under SECI Tranche X at Dharapuram in Tamil Nadu.
Revolt Motors Introduces AI-Enabled E-Bikes to Sri Lanka
Revolt Motors plans to open 15 dealerships in Sri Lanka within the next four months, with a goal of establishing 90 dealerships nationwide by 2029.
ICRA ESG Assigns its First Ratings to InCred Financial Services
InCred Financial Services Ltd., a company focused on personal, student, and business loans, etc., has been assigned a rating of ICRA ESG Impact 57, Moderate.
BPCL Forges Joint Ventures with Sembcorp and GPS Renewables
Both ventures align with BPCL’s long-term goal to diversify its business and support India’s energy transition initiatives.
US-based AESI Plans to Build Manufacturing Facility in Malaysia Next Year
The company also partners with EVE Energy for battery cell supply and signs contracts with ESB Scotland for TeraStor projects.