In Short : Power Grid Corporation, a Maharatna PSU, plans over ₹3 lakh crore capex by 2032, primarily for transmission projects. Currently managing ₹1.54 lakh crore worth of projects, it aims for 50% renewable electricity use by 2025, net water positivity by 2030, and zero landfill waste. The company focuses on green infrastructure like battery […]
PURE plans ₹400 crore capex over next three years in energy storage business – EQ
In Short : PURE plans to invest ₹400 crore over the next three years to scale its energy storage capacity from 250 MWh to 2.5 GWh. The investment will support expansion in battery manufacturing, power electronics, and firmware. PURE also launched a 5 MWh PuREPower Grid storage system to boost renewable integration and EV charging, […]
Capex for energy transition to have multiplier effect on green sectors: Power players – EQ Mag
New Delhi : The Rs 35,000-crore capex allocation for energy transition announced in the Union Budget will have multiplier effect in areas like green fuel, green energy, green farming, and green mobility, among others, power sector players said. Finance minister Nirmala Sitharaman tabled the Union Budget for 2023-24 in Parliament on Wednesday. “Allotment of Rs […]
India to see $395 billion capex on decarbonization by 2030: BofA Securities – EQ Mag Pro
At COP21 in Paris, as part of its nationally determined contributions, New Delhi had committed to achieve 40 per cent of installed electricity capacity from non-fossil energy sources by 2030. As the country moves more aggressively towards its decarbonization goals with the overall energy economy shifting towards greener fuels, a Wall Street brokerage has said […]
Invitation of BIDS for CAPEX Evaluation of Small Hydro Project – EQ Mag Pro
Invitation of BIDS for CAPEX Evaluation of Small Hydro Project. For more information please see below link:
RIL Stumbled on Higher Green Capex and Potential Negative FCF in the Coming Days
Reliance Industries Ltd (NS:RELI)stumbled almost -4.63% since Thursday (24th June) after its 44th AGM. The primary reason is the green (RE) CAPEX (initial) announced for Rs.75B for the next three years (FY: 23-25), which may cause more negative FCF (Free Cash Flow) for the company and lower ROCE (return of capital employed). The market was […]
Uncertainty in Auctioned Solar Projects in UP
Some of members of the National Solar Energy Federation of India participated in the UPNEDA Phase-4 e-reverse auction bid held on February 11, 2020 and secured capacities to install solar projects in Uttar Pradesh. While in the subject Request for Proposal, among other things it was specified that LOI was expected to be issued within […]
India needs $401 bn capex to fight climate change: Report
The country needs over USD 400 billion in capital investment which could save over 100 GW of energy and 1.1 billion tonne of greenhouse gasses between 2015 and 2030, if it goes ahead with the measures to control pollution under the Paris climate agreement, says a report. Since the country is set to far exceed […]
Australian Potash’s solar powered SOP project secures A$0.30 price target from Canaccord Genuity
The company is progressing towards a final investment decision for its Lake Wells Sulphate of Potash Project and has secured a NAIF $140 million loan facility. Australian Potash Ltd (ASX:APC) has secured a SPECULATIVE BUY rating and a price target of A$0.30 from Canaccord Genuity analysts James Bullen and James Farr – the company’s share […]
Budget: Increased capex to help India upgrade power transmission and distribution network
To augment the country’s infrastructure, Finance Minister Nirmala Sitharaman proposed significant enhancing of capital expenditure to Rs 5.54 lakh crore in the next fiscal New Delhi : The increased capital expenditure for infrastructure announced in the Budget will help India upgrade its power transmission and distribution network and give further impetus to renewable energy growth, […]