APT Translations

This strategic move was discussed in detail during the Power Ministers' conference of the North Eastern Region (NER) states—Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura—held in Guwahati.

Policy measures such as deviation settlement mechanism, grid connectivity regulations, and ancillary services regulations are being issued to ensure efficient renewable integration and grid stability, it said.

The power used and emissions created by technology giants are under scrutiny as the growth of AI increases electricity consumption.

Projects will need to have a minimum capital ratio of 30% under the new rules. Previously, that minimum applied to polysilicon manufacturing projects while the minimum for other PV projects was 20%.

The GUVNL hybrid phase-1 project is the first hybrid initiative with Gujarat Urja Vikas Nigam Limited (GUVNL), with 190 MW of hybrid capacity

The facility will produce 4.3 tons per day of green hydrogen using a 10-megawatt electrolysis unit, marking GAIL as the first company in India to begin megawatt-scale green hydrogen production.

Using the Tornqvist Aggregation formula, the RBI said the annual growth in employment during 2023-24 was 6 per cent compared to 3.2 per cent in the year-ago period.

This surge in renewable energy installations reflects a robust global commitment to transitioning towards more sustainable energy systems despite existing challenges such as inflation, grid constraints, and permitting issues.

NSEFI's proposals focus significantly on enhancing the tax framework for companies organized as Special Purpose Vehicles (SPVs) in power generation and infrastructure projects.

The Minister also highlighted that the upgradation efforts would extend to other populous cities and tier towns, enhancing weather prediction models with advanced technology and increased data processing capabilities.