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IREDA Approves Rs 30 Billion for Odisha's Renewable Energy Projects
Indian Renewable Energy Development Agency (IREDA) has approved funding exceeding Rs 30 billion for renewable energy projects in Odisha as the state strives to achieve its goal of 10 GW capacity by 2030. Pradip Kumar Das, Chairman and Managing Director of IREDA, shared this update during the Odisha Solar Investor Conclave organised by GRIDCO. He emphasised that accessible financing is crucial to fostering the adoption of renewable energy. Das outlined IREDA's significant contributions to funding renewable energy projects in Odisha, spanning sectors such as solar, hydro, ethanol, and renewable..
Oil Prices Rise Amid Light Pre-Christmas Trading
Oil prices edged higher during light trading ahead of the Christmas Day holiday. The increase was attributed to positive US economic data and growing oil demand in India, the third-largest importer of oil globally. Brent crude futures rose by 33 cents, or 0.45 per cent, to reach $72.95 per barrel, while US West Texas Intermediate (WTI) crude futures gained 29 cents, or 0.42 per cent, settling at $69.53 per barrel as of 0114 GMT. Economic indicators in the United States highlighted a surge in new orders for key manufactured capital goods in November, driven by robust demand for machinery. Add..
Punjab Plans 66 New Solar Plants to Boost Clean Energy by 2025
The Punjab government has announced plans to establish 66 solar power plants, each with a capacity of 4 MW, as part of its efforts to position the state as a leader in clean energy production and reduce dependency on fossil fuels. According to Aman Arora, the Minister of New and Renewable Energy Sources, the project is slated for completion by December 2025. Upon completion, these solar plants are expected to generate 400 million units (MU) of electricity annually. By introducing feeder-level solarisation, the initiative aims to offset approximately Rs 1.76 billion of the state's agricultural..
