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NHDC to construct 525 MW PSP Project near Indira Sagar to meet energy needs of MP – EQ Mag

NHDC Ltd is going to construct a 525 MW Pumped Storage Project (PSP) near Indira Sagar Dam, Khandwa, Madhya Pradesh, using the existing reservoirs Indira Sagar and Omkareshwar of the Indira Sagar Project Narmada Hydroelectric Development Corporation will set up a 525 megawatt (MW) pumped storage project at Khandwa in Madhya Pradesh at an estimated […]

Just Climate raises $1.5 billion with help from Microsoft fund – EQ Mag

LONDON : Asset manager Just Climate said on Thursday it had raised $1.5 billion for its inaugural fund after strong demand from institutional clients including Microsoft’s Climate Innovation Fund helped it beat the original target of $1 billion. Established by Generation Investment Management, Just Climate aims to focus investment on the sectors where cutting greenhouse […]

Pakistan, Turkmenistan sign joint implementation plan to execute TAPI gas pipeline project – EQ Mag

Islamabad : Pakistan and Turkmenistan on Thursday signed a joint implementation plan to execute the multibillion-dollar Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. The signing ceremony was witnessed by Prime Minister Shehbaz Sharif and a delegation of Turkmenistan led by Minister of Energy and Water Resources Daler Juma’a, state-run Radio Pakistan reported. State Minister for Petroleum Musadik […]

Aether Industries signs LoI with US-based global oilfield services company – EQ Mag

Specialty and fine chemical manufacturer Aether Industries on Thursday said it has signed a Letter of Intent (LoI) with a US-based global oilfield services company as a strategic supplier and contract manufacturing partner. The LoI paves the way for the execution of a Strategic Supply Agreement (SSA) between the two companies within three months, Aether […]

MGL to set up compressed biogas (CBG) plant in Mumbai with BMC – EQ Mag

Mahanagar Gas Limited signed MOU with Brihanmumbai Municipal Corporation to set up a Compressed Biogas plant in Mumbai. Mumbai : Mahanagar Gas Limited, one of the largest city gas distribution companies in India, today signed a memorandum of understanding (MOU) with Brihanmumbai Municipal Corporation (BMC) for setting up a Compressed Biogas (CBG) plant in Mumbai. […]

RevFin eyes 400cr mop-up to drive loans for EV buys – EQ Mag

Electric vehicle financier RevFin is looking at raising ₹300-400 crore in this financial year for disbursing loans to buy two-wheelers, three-wheelers and four-wheelers deployed for commercial use. The company, which received its first tranche of $5 million (about ₹41 crore) from the United States Development Finance Corporation earlier this week, expects strong demand for loans, […]