Daily News Wrap-Up: Goa Signs MoU With GIZ for 100% Renewable Energy Roadmap
NTPC approves Joint Venture for implementation of 850 MW Ratle Hydroelectric Project
March 23, 2021
Goa’s state government has signed a memorandum of understanding with German-based Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to develop a state energy plan for a 100% renewable energy roadmap under the Indo-German Program on ‘Access to Energy in Rural Areas.’ The MoU has been signed on the advise of the Ministry of New and Renewable Energy (MNRE), with an aim to create a strategic unit to develop, maintain and implement the multi-sectoral action plan.
The Board of Directors of NHPC Limited has approved a Joint Venture (JV) Company to develop the Ratle Hydroelectric Project (850 MW) in the Chenab River Basin in the Union Territories of Jammu and Kashmir. The Board has also accorded its investment approval to contribute initial equity of ₹510 million (~$7.04 million) by NHPC Limited in the JV Company, to be promoted jointly by NHPC (51%) and Jammu and Kashmir Power Development Corporation (49%).
EPC (Engineering, Procuring & Construction) consultants, Black & Veatch will undertake feasibility studies central to developing the world’s largest green hydrogen plant. When operational, Enegix Energy’s Base One facility in Ceará, Brazil, will produce more than 600 million kilograms of green hydrogen annually. The highly ambitious new-build electrolysis facility will be powered entirely by renewable energy, initially 3.4 gigawatts of solar and onshore wind. Ceará’s potential for renewable energy generation, coupled with access to a strategic deep-sea port to facilitate the export of hydrogen, were key to the choice of the scoped 500-hectare site for the US$ 5.4 billion investment.
Japanese NGK Insulators, based in Nagoya, has announced that it has won an order for NAS batteries for storing electrical energy for the Ministry of Energy of Mongolia. The order was received jointly with JGC Corporation, headquartered in Yokohama, Japan, and MCS International LLC, headquartered in Ulaanbaatar, Mongolia. The NAS batteries will be used in Mongolia’s first solar power plant construction project with an adjoining battery energy storage system, as part of the Upscaling Renewable Energy Sector Project.
Rahul is a staff reporter at Mercom India. Before entering the world of renewables, Rahul was head of the Gujarat bureau for The Quint. He has also worked for DNA Ahmedabad and Ahmedabad Mirror. Hailing from a banking and finance background, Rahul has also worked for JP Morgan Chase and State Bank of India. More articles from Rahul Nair.