The Union Cabinet has approved Rs.3,760 crore for the creation of a battery energy storage system to meet India’s rising energy demands and achieve its target of 50% renewable energy by 2030. The government aims to develop 4,000 MWh of battery energy storage projects by 2030-31, with financial support of up to 40% of the […]
Union Cabinet approves continuation of Central Sector Scheme of ‘Exploration of Coal and Lignite Scheme’ – EQ Mag
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Hon’ble Prime Minister Shri Narendra Modi today approved the continuation of the Central Sector Scheme of “Exploration of Coal and Lignite scheme” with an estimated expenditure of Rs. 2980 crore from 2021-22 to 2025-26 co-terminus with the 15th Finance Commission cycle. Under this scheme, exploration […]
Union cabinet clears Rs 4,800 cr funds for comprehensive development of villages along northern border – EQ Mag
New Delhi : The Union cabinet on Wednesday approved a Rs 4,800 crore allocation for the ‘Vibrant Villages Programme’ (VVP), a centrally-sponsored scheme, to ensure the comprehensive development of villages along the northern border areas. The financial allocation for 2022-23 to 2025-26 was approved at a meeting, chaired by Prime Minister Narendra Modi, and will […]
Union Cabinet approves Green Hydrogen Mission: A look at India’s push for the fuel – EQ Mag
The initial outlay for the Mission will be Rs 19,744 crore The Union Cabinet approved the National Green Hydrogen Mission January 4, 2023, with the goal of developing a green hydrogen production capacity of at least five million metric tonnes (mmt) and an associated renewable energy capacity addition of about 125 gigawatts (GW) by 2030. […]
Rs 90,000 crore scheme in offing for power companies
The loans are sought to be made available to Power Finance Corp (PFC) and REC Ltd, the two sectoral lending institutions in Indian power sector, for onward concessional lending to state electricity distribution utilities to help them clear bills of power generating companies. The power ministry has sought bonds mainly normal as well as a […]
Lockdown: Cabinet likely to approve package for power discoms reeling under revenue loss
The package may also include steps like directions to the state and central power regulators to reduce electricity traiff The Union cabinet is likely to approve next week a package for discoms reeling under revenue loss due to lower power demand amid the coronavirus lockdown, including setting up of an alternative investment fund to pay […]
Gas-based plants’ revival, EV infra on priority list of government in second innings
Cabinet nod likely to be sought for a pilot project to make power plants energy efficient. NEW DELHI: Revival of gas-based power plants and putting up electric vehicle infrastructure are expected to be on the priority list of the new NDA government. The power ministry is expected to approach the union cabinet to get approval […]
