World Bank Boosts India's Green Energy Drive
July 5, 2024, 3:35 am
Location: United States, District of Columbia, Washington
Employees: 10001+
Founded date: 1944
Total raised: $530M
The World Bank has approved a $1.5 billion loan to propel India towards a low-carbon energy future. This financing aims to scale up renewable energy capacity and stimulate investments in green hydrogen and electrolysers. The focus is on decoupling economic growth from emissions and enhancing policy frameworks for energy transition. Initiatives include incentivizing green hydrogen adoption, integrating renewable energy, and promoting battery energy storage solutions. The collaboration is set to redefine India's energy landscape and advance its global leadership in renewable energy adoption.
India's Vedanta Aluminium Wins Accolades
Vedanta Aluminium, India's largest producer of aluminum, has been awarded the Kalinga Energy Excellence Award and Kalinga Environment Excellence Award for its alumina refinery unit. These awards recognize Vedanta's sustainability initiatives and commitment to environmental and energy excellence.
IREDA Loan Surges in April-June
IREDA, a public sector non-banking financial company, experienced significant growth in sanctioned loans, reaching Rs 91.36 billion in April-June FY25. Loan disbursements also saw a notable increase, rising to Rs 53.20 billion in the same period. The total outstanding loan book stood at Rs 631.50 billion, marking a 33.77% rise from the previous year.
India and Australia Enhance Cooperation in Critical Minerals
India and Australia are exploring ways to enhance cooperation in critical minerals, processing, and battery production. Both countries have signed an interim free trade agreement and are negotiating to expand it further. The focus is on integrating economies in areas such as battery production, mineral processing, and vehicle production to drive innovation and growth.
India's Vedanta Aluminium Wins Accolades
Vedanta Aluminium, India's largest producer of aluminum, has been awarded the Kalinga Energy Excellence Award and Kalinga Environment Excellence Award for its alumina refinery unit. These awards recognize Vedanta's sustainability initiatives and commitment to environmental and energy excellence.
IREDA Loan Surges in April-June
IREDA, a public sector non-banking financial company, experienced significant growth in sanctioned loans, reaching Rs 91.36 billion in April-June FY25. Loan disbursements also saw a notable increase, rising to Rs 53.20 billion in the same period. The total outstanding loan book stood at Rs 631.50 billion, marking a 33.77% rise from the previous year.
India and Australia Enhance Cooperation in Critical Minerals
India and Australia are exploring ways to enhance cooperation in critical minerals, processing, and battery production. Both countries have signed an interim free trade agreement and are negotiating to expand it further. The focus is on integrating economies in areas such as battery production, mineral processing, and vehicle production to drive innovation and growth.