APT Translations

Managed by the Solar Energy Corporation of India (SECI), under the ministry of new and renewable energy, this initiative aims to allocate four blocks, each with a 1 GW capacity, on an open access basis.

This financial commitment is part of a broader strategy to transition towards clean energy and reduce dependence on fossil fuels in one of the country's vital sectors.

The Suryoday scheme will focus on those consumers whose consumption is less than 300 units, which generally includes the economically weaker section of our society.

Renewable power project developers are increasingly tying their electricity output to long-term PPAs to provide revenue security, while corporate buyers are keen to lock in supply and ensure they meet targets for sourcing clean power.

Thunberg, who became a prominent campaigner worldwide after staging weekly protests in front of the Swedish parliament in 2018, spoke after the first day of the hearing at London's Westminster Magistrates' Court.

"The Union Budget has proposed several forward-looking initiatives that align with our national goals and are likely to drive economic growth, upliftment of the people, and support key sectors such as steel, infrastructure, railways, and renewable energy," Naveen Jindal, Chairman of Jindal Steel and Power Ltd (JSPL) said.

Union Minister for Mine, Coal and Parliamentary Affairs Pralhad Joshi, praising the union budget on Thursday said that it is a transformative Viksit Bharat Budget.

While specific details about the client and the contract value were not disclosed, the CSL emphasised that this contract further solidifies its presence in the global renewable energy sector, focusing on sustainable solutions.

The two parties have signed a Memorandum of Understanding (MoU) for co-creation, development and imparting courses for training and skill development to the personnel in the power and renewable energy sectors, according to a statement.

"The affirmation reflects UltraTech's solid balance sheet and substantially strong credit metrics for its Baa3 ratings," said Kaustubh Chaubal, a Moody's Senior Vice President.