APT Translations

The deal indicates a shift among state power retailers to sign long-term offtake contracts after a post-pandemic economic recovery, with extreme weather conditions further boosting electricity demand in the country.

The company plans to establish Compressed Biogas Plants that will process 4,000 tonnes per day of agri-residue and energy crop, in addition to 300 tonnes per day of Municipal Solid Waste (MSW).

This move is subject to the approval of regulatory and statutory authorities and the shareholders at the Extraordinary General Meeting scheduled for January 18, 2024. The company intends to use the raised funds for deleveraging and accelerated capital expenditure.

A significant development was Sri Lanka's decision to utilise the first tranche of USD 330 million of the IMF bailout to repay Indian loans. This underscored India's patience and generosity in assisting its neighbour in overcoming economic challenges.

Apart from solar and wind energy, India has increased its focus on green hydrogen in a big way to reduce dependence on fossil fuels, mainly diesel, which is required for long haul vehicles.

Fitch expects a surge in power demand as a result of the projected GDP growth, with a focus on mitigating China's economic uncertainties.

According to a press release, the project, awarded under Solar Energy Corporation of India (SECI) Tranche IX, marks a significant milestone for JSW Energy's commitment to renewable energy.

Some of the jobs eliminated include operations strategy managers, coordinators and warehouse managers, according to posts by affected employees on professional networking platform LinkedIn.

As nations converged in Dubai from all over the world, India made its presence felt through the innovative ‘Green Credits Programme’ that Prime Minister Narendra Modi introduced during the Summit.

The project will be executed by June 2025, with the WTGs being installed across Rajasthan and Gujarat