Kerala State Electricity Board estimates that an investment of ₹42,800 crore is needed to add 7,750 MW to its power generation capacity. This investment is crucial as the state aims to increase its capacity to 10,000 MW by 2030. The cost per MW varies for different sources like hydropower, wind, solar, and storage projects. Currently,…
Torrent Power Limited has pledged to achieve 10 Gigawatts (GW) of installed renewable energy capacity by 2030, with an investment of Rs 57,000 crore. This commitment was made at the 4th Edition of RE-Invest event in Gandhinagar. The company also signed a Memorandum of Understanding with the Govt of Gujarat for a 5 GW solar,…
The U.K. is leading a recovery in Europe’s office real estate market, with £4.1 billion worth of office transactions in the first six months of 2024. This marks a significant increase compared to the five-year average and surpasses France and Germany. The U.K.’s early recovery is attributed to clarity from the general election and interest…
According to Turkish industry ministry sources, BYD’s investment in Turkey is going smoothly, despite China’s recent warning to its carmakers about investing overseas. Discussions with other Chinese carmakers for new investments are also ongoing. The sources, who requested anonymity, confirmed that talks are still in progress. This news comes after reports that China’s commerce ministry…
The Auto PLI scheme has attracted a significant amount of investment since its launch, with a focus on electric mobility. The government is now concentrating on developing charging infrastructure and integrating it with renewable energy sources to maximize environmental benefits. The minister emphasized the importance of dedicated efforts from both the government and industry to…
A 39-year-old businessman from Worli has been accused of cheating his distant relative investor of Rs 2.7 crore by promising a 36% annual return on investment. The accused had mortgaged his house to a bank and sought financial assistance from the investor to save it. They signed an agreement where the investor provided Rs 1…