APT Translations

In the second quarter (Q2) of 2024, 5 GW of solar capacity was commissioned, a 49% decline from the 9.9 GW installed in Q1 2024. However, Q2 installations rose 170% year-over-year (YoY) compared to 1.8 GW in Q2 2023.

In a meeting held between Union power minister Manohar Lal and the US delegation led by John Podesta, Senior Advisor to the President for International Climate Policy, both sides discussed key areas of collaboration.

Power Grid Corp on Thursday said it has acquired 2 project special purpose vehicles from PFC Consulting Ltd. The two SPVs are Sirohi Transmission Ltd and Beawar-Mandsaur Transmission Ltd, a company statement said.

The Airtel 4G network was inaugurated at Phobrang village by Chushul Councillor Konchok Stanzin and Brigadier S Rana of the 118 Brigade along with other officials, he said.

During an official visit to Poland, Prime Minister Narendra Modi and Polish Prime Minister Donald Tusk affirmed their mutual commitment to upholding peace and rules-based international order.

The IPO is a combination of a fresh issue of equity shares aggregating up to Rs 1,291.4 crore and an offer-for-sale (OFS) of up to 3.42 crore shares, by the selling shareholders, valued Rs 1,539 crore at the upper end of the price band. This takes the total issue size to Rs 2,830 crore.

It was on full display this week as energy ministers from nine South-East Asian nations, Japan and Australia gathered in Jakarta to hash out a shared vision for Asia's energy future, under Japan's Asian Zero Emissions Community (AZEC) initiative launched last year.

Shares of Indian Renewable Energy Development Agency Ltd (IREDA) on Thursday surged over 10 per cent on the bourses after the company said its board will consider a proposal to raise up to Rs 4,500 crore through issuance of shares. The stock of IREDA jumped 10.19 per cent to trade at Rs 263.30 apiece on the NSE.re

At least four state-run firms-THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency - which have not been frequent issuers, are set to tap the market with bond offerings ranging from 10 to 15 years, according to three merchant bankers.

This move aligns with the nation’s ambitious goal of installing 500 GW of renewable energy capacity by 2030. The new venture also marks BC Jindal Group’s diversification in its energy portfolio, which currently includes a 1,200 MW thermal power generation capacity in Angul, Odisha.