New Delhi: With the cost of developing and operating electric vehicles (EVs) expected to decline substantially with a drop in prices of lithium-ion batteries, India is likely to become a leading hub for manufacturing EVs and EV components, said Nitin Gadkari, the Union minister for road transport, highways and MSMEs, at an event hosted by […]
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India to become No 1 EV maker in world: Nitin Gadkari
NEW DELHI : Union minister Nitin Gadkari on Sunday expressed confidence that lithium-ion batteries would be manufactured fully in the country in the next six months and India will become number one electric vehicle maker in the world in due course of time. Addressing the Amazon’s Smbhav Summit virtually, Gadkari further said that the government […]
Bitcoin’s green haven is running out of surplus electricity
The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins […]
Macquarie looks to sell 450MW solar assets for $300 mn
Macquarie Infrastructure and Real Assets (MIRA), one of the largest foreign infrastructure investors in India, plans to sell around 450MW of solar power projects for an estimated equity value of around $300 million, said two people aware of the development. Around 330MW of these operational solar assets were acquired from Hindustan Powerprojects Pvt. Ltd. MIRA […]
Renewable energy key part of India’s growth programmes: Javadekar
NEW DELHI : Environment Minister Prakash Javadekar on Sunday said India is increasingly leveraging renewable energy to fuel its growing power consumption as it scales programmes like Aatmanirbhar Bharat. India has only 3% contribution in the historical emissions and that the US, Europe and other regions have contributed more to harmful emissions over the last […]
Solar developers pitch for additional 3 months extension in commissioning date
New Delhi: With the second wave of the coronavirus pandemic spreading across the country, solar industry lobby group Solar Power Developers Association (SPDA) has requested for an additional three-month extension in the project commissioning date to the ministry of new and renewable energy (MNRE). This is in addition to the five months extension granted by […]
After IndiGo & SpiceJet, AirAsia to not charge extra for changing journey date. Details here
NEW DELHI : AirAsia India on Sunday announced it will not charge any fee for changing time and date on tickets booked till 15 May. AirAsia India said in a press release that it has announced this offer to give passengers flexibility amid “increased uncertainty and travel restrictions”. “Guests can now make unlimited changes for […]
SpiceJet to charge no fees for changes done at least 5 days prior to departure date
SpiceJet on Saturday said passengers will not be charged any fees for changing date or time in their tickets at least five days prior to the departure date. Earlier, the zero fee was applicable only for changes done at least seven days prior to the journey, the airline’s press release said. “Under the new offering, […]
G20, net zero emissions and India’s role
When it comes to global warming, it is not just carbon dioxide (CO2) that we talk about, but we also include other greenhouse gases (GHGs) such as methane, nitrous oxide and a few fluorinated gases. If we add up all GHGs in terms of their potential to make the planet warmer, no doubt CO2 is […]
Energy: Q4 preview-Steep q-o-q decline likely for OMCs
We expect RIL to report 11% q/q Ebitda growth driven by O2C and retail. Subscriber adds in Jio, renewed lockdown in retail and petrochemical margins are key. OMC operating performance should decline q/q on lower marketing margins. Inadequate price hikes due to elections could weigh on BPCL’s privatisation. P-LNG’s Ebitda should decline q/q on adverse […]
India’s power consumption grows nearly 45 pc in first half of April
Power consumption in the country grew nearly 45 per cent in the first half of April to 60.62 billion units (BU) over the corresponding period a year ago, showing robust recovery in industrial and commercial demand of electricity, according to power ministry data. Power consumption in the first half of April last year (from April […]
India may build new coal plants due to low cost despite climate change
India may build new coal-fired power plants as they generate the cheapest power, according to a draft electricity policy document seen by Reuters, despite growing calls from environmentalists to deter use of coal. Coal’s contribution to electricity generation in India fell for the second straight year in 2020, marking a departure from decades of growth […]