Indian Infrastructures and Capabilities
An aggregate of 59.5 million renewable energy certificates (RECs) worth INR 9,266 crore (USD 1.24 billion) has been traded on the two Indian power exchanges since these market-based instruments’ launch in 2010, according to a study by the CEEW Centre for Energy Finance (CEEW-CEF).
The Central government, through a series of closed-door meetings and negotiations in the first two weeks of April, ramped up production of the essential drug Remdesivir from 10,000 vials to 3.25 lakh vials a day. Sources in the government have revealed the details of what went behind exponentially increasing production capacity and making the drug affordable as the pandemic raged in India.
In a major boost to Chennai’s road connectivity, the Union government has approved a ₹50,000-crore expressway project for developing faster connectivity between Tamil Nadu’s capital and Gujarat’s Surat. The project will cut down travel time between Chennai and Surat by six hours and distance by 330 km, enabling drivers to avoid congested roads running around Bangalore, Pune and Mumbai.
India’s natural gas production jumped 22.7 per cen in April after Reliance Industries Ltd and its partner BP Plc ramped up output from their eastern offshore KG-D6 block, government data released on Friday showed.
The Ministry of Electronics and IT (Meity) is going to come out with incentive schemes for setting up display and semiconductor fabrication units in the country in the next six months. According to Ministry of Electronics and Information Technology (Meity) secretary Ajay Prakash Sawhney, the government is already doing the preparatory work and talking to the industry about the support required to set up the fabs. Separate expression of interests (EoIs) has been floated for display and semiconductor fabs and companies, both global and local, are showing keen interest to set up units in India.
On Wednesday, India climbed up rank to third place in EY’s Renewable Energy Country Attractiveness Index, driven by strong performance in solar PV, with solar PV capacity expected to surpass coal before 2040.
Cutting through the red-tape, the Union defence ministry has decided to ask the Border Roads Organisation (BRO) to build a 4.25-kilometre tunnel under the 5,091-metre-high Shinkun La pass to make an all-weather axis from Manali to Leh via Darcha-Padun-Nimmu alignment to supply Indian Army formations in Ladakh sector. The snow-free axis is expected to be completed by 2024.
Recognizing the need to address the challenge of marine plastic pollution, Geocycle the global waste management arm of LafargeHolcim is piloting in India a smart and non-invasive technology to remove plastics from canals before they reach the oceans.
Jio, in conjunction with several key global partners and world-class submarine cable supplier SubCom, is currently deploying two next generation cables to support the extraordinary growth in data demand across the region.
Teams from Naval Dockyard Visakhapatnam achieved a major breakthrough in repairing two major Oxygen Plants at Nellore and Shri Kalahasthi bringing a major boost to the Oxygen Supply in the State of Andhra Pradesh during the ongoing Oxygen crisis. Based on a request from the State Administration, Eastern Naval Command airlifted the teams of specialists from Naval Dockyard by naval Dornier Aircraft from Visakhapatnam.
