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Cyril Amarchand Mangaldas advises Bank of Baroda led consortium on INR 3,940 crore credit facility extended to JSW Renewable Energy Vijayanagar
Cyril Amarchand Mangaldas advised a consortium of lenders led by Bank of Baroda on INR 3,940 crore, extended to JSW Renewable Energy (Vijayanagar) Limited (JSW Renewable) for setting up a 825 MW AC hybrid power project (i,.e. 225 MW AC Solar Project and 600 MW Wind Project) at Ballari and Koppal districts in the State of Karnataka (Project)
Generation of renewable energy
R.K Singh, Union Minister for Power and New and Renewable Energy, shared details of the ongoing major Renewable Energy Schemes/Programmes in a written reply in Lok Sabha.
Promotion of solar power plants
For promotion of installation of solar power plants in the domestic/residential sector, Ministry of New and Renewable Energy (MNRE) is implementing Rooftop Solar Programme Phase II and providing financial support to individual households for installation of rooftop solar (RTS) plant.
PTC India appoints SBICAPS to prepare strategic roadmap for monetizing investment in subsidiary company
SBICAPS shall conduct an analysis of investments to suggest future strategy to be adopted for divestment / holding of the investment in its subsidiary company PTC Energy Limited.
Indian Energy Exchange becomes India’s first carbon neutral power exchange
Achieving carbon neutrality underscores IEX’s commitment to
contribute towards India’s sustainability aspirations. This will help IEX members and participants by reducing their Scope 3 emissions by building a greener value chain.
Under Phase-II of FAME India Scheme, 7,45,713 EVs supported through demand incentive amounting to about INR 3,200 Crore
Under Phase-II of FAME India Scheme, 7,45,713 Electric Vehicles have been supported till 07.12.2022 by way of Demand Incentive amounting to about Rs. 3,200 Cr.
NIIF managed fund invested in 16 entities covering renewable energy and other sectors
NIIF currently has three funds, namely, Master Fund, Fund of Funds and Strategic Opportunities Fund that have invested in 16 entities covering ports and logistics, renewable energy, roads, digital infrastructure, healthcare and manufacturing among others.
FAME and PLI Schemes promote use of electric vehicles in the country
The Ministry of Heavy Industries has formulated FAME II and PLI Schemes for the Automotive Sector and Advanced Chemistry Cells to promote the use of electric vehicles in the country and to make their manufacturing cost-effective.
Electricity from solid waste
The Ministry of New and Renewable Energy’s Waste to Energy (WTE) Programme aims to support setting up of Waste to Energy plants for generation of Biogas, BioCNG and electricity from urban, industrial and agricultural waste by providing central financial assistance.
Manufacturing of solar cells
The Government has taken a number of steps to incentivise the manufacturing of solar cells domestically.
