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Global COVID-19 recovery strategy must be green: IRENA

By : Sustainability ..., Jun 3, 2020

The competitive costs of power generation make investment in renewables highly attractive as countries target economic recovery from the COVID-19 pandemic, according to a latest report by the International Renewable Energy Agency (IRENA) published on Tuesday. It added that...

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State discoms end Force Majeure period, restart power purchases

By : Sustainability ..., Jun 3, 2020

With electricity demand picking up, state power distribution utilities are ending the force majeure period and have restarted power purchases they had earlier suspended. However, private power companies have started exploring legal options to contest non-payment of fixed...

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Subject Tags: coronavirus , DISCOMS , PPAs

India oil import bill falls 10% to $101 billion in FY20

By : Sustainability ..., Jun 1, 2020

At least in the oil sector, the global health emergency posed by the spread of the novel coronavirus has come to the country's advantage. India's oil import bill has fallen close to 10 per cent in FY20 as the increasing spread of coronavirus and demand squeeze globally has...

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Subject Tags: coronavirus , imports , oil , price

Climate meet COP26 to be held next November

By : Sustainability ..., Jun 1, 2020

The 26th conference of parties, or COP26, of the United Nations scheduled to be held in Glasgow later this year has now been postponed due to the coronavirus pandemic to November 2021 following consultations with stakeholders, officials said on Friday. Alok Sharma, business...

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COVID-19: Global energy investments set for a historic $400 bn plunge, says IEA

By : Sustainability ..., May 27, 2020

Global energy investments are set to nosedive by 20 per cent, or about $400 billion, as compared to last year due to the COVID-19 crisis, resulting in serious implications for energy security and clean energy transitions, according to a latest report by the International...

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LG Chem halts lithium-ion battery project in India: Report

By : Sustainability ..., May 22, 2020

LG Chem has halted plans for its lithium-ion battery project in India as the auto sector reels under the ongoing coronavirus pandemic. The company was in talks with Renault, Mahindra & Mahindra and Hyundai for an Indian consortium for the project and regarding equity...

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Electric vehicles to take a back seat in India

By : Sustainability ..., May 18, 2020

The novel coronavirus has certainly put a few debates to end and certainly the advancements in the electric vehicles is one of them. Many industry leaders believe that at a time, when automakers and suppliers who are heavily invested into internal combustion engine technology...

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Sustainable funds in India attract $500 million during Covid-19 selloff

By : Sustainability ..., May 18, 2020

Sustainable funds in India have shown resilience during the coronavirus-triggered market selloff and attracted more than $500 million (over Rs 3,700 crore) in January-March largely due to growing investor interest in environmental, social and governance issues, says a report...

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Union territories power discoms to be privatised: Nirmala Sitharaman

By : Sustainability ..., May 18, 2020

India will privatize electricity distribution companies (discoms) in all its eight union territories, said finance minister Nirmala Sitharaman on Saturday. The announcement was made as part of the fourth tranche of the Rs20 trillion stimulus package to fight the economic...

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Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA

By : Sustainability ..., May 15, 2020

Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans...

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