Indian Renewable Energy Development Agency Limited (IREDA) has signed a Facility Agreement today for raising External Commercial Borrowing (ECB) from SBI, Tokyo Branch for JPY 26 billion, including a Green Shoe Option of JPY 10 billion. This five-year unsecured facility, with bullet payment at maturity, is set to strengthen IREDA’s global market presence. The landed […]
HMIL achieves 92 per cent localisation in production with new battery-pack facility – EQ
In Short : Hyundai Motor India Ltd (HMIL) has achieved 92% localisation in production with its new battery-pack facility, strengthening its commitment to India’s EV ecosystem. The facility enhances domestic manufacturing, reducing reliance on imports and cutting costs. This move aligns with the government’s Make in India initiative, boosting self-reliance and accelerating the country’s electric […]
DOE Launches Design & Construction of $75 Million Grid Energy Storage Research Facility
Grid Storage Launchpad at Pacific Northwest National Laboratory Will Accelerate Energy Storage Innovation, Boost Clean Energy Adaptation and Grid Resilience WASHINGTON, D.C: The U.S. Department of Energy (DOE) today announced the beginning of design and construction of the Grid Storage Launchpad (GSL), a $75 million facility located at Pacific Northwest National Laboratory (PNNL) in Richland, Washington […]
SJVNL to commission 100 MW solar plant in Gujarat
Shimla: Public sector Satluj Jal Vidyut Nigam Ltd (SJVNL) on Monday announced it will commission a 100 MW facility in Gujarat’s Dholera Solar Park at an outlay of Rs 450 crore Gujarat Urja Nigam Ltd had invited bids for 700 MW capacity. The SJVNL got 100 MW capacity at the rate of Rs 2.80 per […]