In Short : “REC witnesses a remarkable surge, with loans for green projects experiencing a six-fold increase, reaching Rs 1.37 lakh crore, signaling a significant commitment towards financing sustainable initiatives and renewable energy development.” In Detail : New Delhi : Government-owned power finance giant REC (NS:RECM) has recorded an over 6-fold jump to Rs 1,36,516 […]
NLCIL incorporates arm for commissioning green projects – EQ
In Short : Neyveli Lignite Corporation India Limited (NLCIL) has taken a significant step in its commitment to green energy by incorporating a subsidiary specifically focused on commissioning renewable energy projects. This strategic move aligns with India’s renewable energy goals and the company’s efforts to diversify its energy portfolio. By forming this subsidiary, NLCIL aims […]
REC to increase loan portfolio of green projects to over Rs 3 trn by 2030 – EQ
State-owned REC Ltd Chairman and Managing Director Vivek Kumar Dewangan on Wednesday stressed on the commitment to increase its loan book of green projects by ten times to more than Rs 3 lakh crore by 2030. Dewangan chaired the annual general meeting on Wednesday, which was attended by all directors on the board of the […]
REC Limited holds 54th AGM, announces commitment to increase loan portfolio of green projects by more than 10 times by year 2030 – EQ
REC Limited held its 54th Annual General Meeting (AGM) today through Video Conferencing. Chairman & Managing Director Shri Vivek Kumar Dewangan chaired the meeting, which was attended by all Directors on the Board of the Company. Many shareholders were present at the meeting through Video Conferencing. Addressing the meeting, the CMD said: “REC is committed […]
Andhra Pradesh: Discoms expect power crisis in July-August, plan green projects – EQ Mag Pro
VISAKHAPATNAM: The Andhra Pradesh energy department is anticipating another spell of electricity shortage in July-August as uncertainty continues over coal stocks at thermal stations. The onset of the southwest monsoon in the coming days may hamper mining and transportation of coal. The thermal plants were unable to address a minor spike in power demand this […]
Asia’s Richest Man Plans to Invest $76 Billion in Green Projects – EQ Mag Pro
The conglomerate led by Mukesh Ambani, Asia’s richest man, announced plans to invest $76 billion toward clean energy projects, dwarfing an earlier commitment of $10 billion by the world’s biggest fossil-fuel billionaire. Reliance Industries Ltd., controlled by Ambani, has signed pacts with the state government of Gujarat for a total investment of 5.96 trillion rupees […]
Energy Crisis Gives Canada Oil Sands Windfall for Green Projects – EQ Mag Pro
The global energy crisis that many blame on efforts to move away from fossil fuels is actually giving new momentum to the shift to renewables in Canada, according to some of the bankers helping oil-sands producers navigate that transition. That’s because, for all the doubt that’s been cast on the reliability of solar and wind […]
Indore Municipal Corporation Lists Seven More Green Projects to Boost Its Revenue
INDORE: After registering three of its projects under VCS (verified carbon standard, USA) programme, Indore Municipal Corporation (IMC) has now prepared a list of seven environment-friendly projects that can generate carbon credits and help the civic body earn revenue. IMC commissioner Pratibha Pal said that preparations to club over half-a-dozen projects eligible to get registration […]
Pandemic not stopping Japan-subsidised green projects
A raging health crisis has failed to stop the implementation of climate-friendly projects subsidised by Japan in Cambodia. These programmes are being, or will be, implemented under the expanded Joint Crediting Mechanism (JCM) Model Project of the Ministry of Environment Japan (MOEJ). The JCM is a programme in which the Japanese government (through the MOEJ) […]
Dutch bank FMO commits $137 mn to Everstone to invest in green projects
Mumbai : Dutch development bank FMO has committed USD 137 million investment in the country”s green growth fund managed by an arm of private equity major Everstone Group. Everstone Group on Friday said this investment by the Hague-based FMO will help accelerate investments into India”s green infrastructure projects. This is the largest single-country funding approved […]