MNRE to raise more than Rs 135 billion via green bonds in FY25
POWER & RENEWABLE ENERGY

MNRE to raise more than Rs 135 billion via green bonds in FY25

The Ministry of New & Renewable Energy (MNRE) intends to raise more than Rs 135 billion through green bonds for various renewable energy projects in the current financial year, ending March 2025. This effort is part of a broader initiative, with various ministries and departments planning to raise a total of Rs 320.6 billion via Sovereign Green Bonds (SGrBs). According to the union budget for FY25, MNRE aims to secure Rs 135 billion. The budget estimates are 80% higher than the previous year?s estimate of Rs 75.07 billion and more than double the revised estimate of Rs 61.16 billion from the last fiscal year.

Allocation Breakdown: - Solar Energy: Rs 100 billion - PM KUSUM (Rural Solar Scheme): Rs 19.96 billion - Wind Energy: Rs 9.30 billion - National Green Hydrogen Mission: Rs 6 billion

In FY23, the government raised Rs 160 billion through SGrBs, with actual expenditure under eligible schemes reaching Rs 169.23 billion. The excess Rs 9.23 billion was covered by general government revenues. For FY24, the government plans to raise Rs 200 billion through SGrBs, with any additional expenditure to be financed through general revenues.

Overall Fundraising Plans: - Railways: Rs 150 billion, primarily for energy-efficient electric locos (Rs 120 billion), Dum Dum Airport to New Garia via Rajarhat metro construction (Rs 17.91 billion), and Joka to Binoy Badal Dinesh Bagh via Majerhat metro construction (Rs 12.08 billion). - Ministry of Housing and Urban Affairs (MoHUA): Rs 33.64 billion for equity investments in metro projects. - Ministry of Environment, Forests, and Climate Change (MoEFCC): Rs 1.7 billion for the National Mission for a Green India. The actual amount to be raised through SGrBs in FY25 will be determined and notified separately. (Source: BusinessLine)

The Ministry of New & Renewable Energy (MNRE) intends to raise more than Rs 135 billion through green bonds for various renewable energy projects in the current financial year, ending March 2025. This effort is part of a broader initiative, with various ministries and departments planning to raise a total of Rs 320.6 billion via Sovereign Green Bonds (SGrBs). According to the union budget for FY25, MNRE aims to secure Rs 135 billion. The budget estimates are 80% higher than the previous year?s estimate of Rs 75.07 billion and more than double the revised estimate of Rs 61.16 billion from the last fiscal year. Allocation Breakdown: - Solar Energy: Rs 100 billion - PM KUSUM (Rural Solar Scheme): Rs 19.96 billion - Wind Energy: Rs 9.30 billion - National Green Hydrogen Mission: Rs 6 billion In FY23, the government raised Rs 160 billion through SGrBs, with actual expenditure under eligible schemes reaching Rs 169.23 billion. The excess Rs 9.23 billion was covered by general government revenues. For FY24, the government plans to raise Rs 200 billion through SGrBs, with any additional expenditure to be financed through general revenues. Overall Fundraising Plans: - Railways: Rs 150 billion, primarily for energy-efficient electric locos (Rs 120 billion), Dum Dum Airport to New Garia via Rajarhat metro construction (Rs 17.91 billion), and Joka to Binoy Badal Dinesh Bagh via Majerhat metro construction (Rs 12.08 billion). - Ministry of Housing and Urban Affairs (MoHUA): Rs 33.64 billion for equity investments in metro projects. - Ministry of Environment, Forests, and Climate Change (MoEFCC): Rs 1.7 billion for the National Mission for a Green India. The actual amount to be raised through SGrBs in FY25 will be determined and notified separately. (Source: BusinessLine)

Next Story
Infrastructure Transport

Anand Vihar and Punjabi Bagh Flyovers Ready

Work on two major road infrastructure projects, the Anand Vihar flyover and the Punjabi Bagh flyover, has been completed but are yet to be opened for public use, according to officials. Located in highly congested areas, work on these projects started around two years ago. "The work on the flyover is complete and it is ready for opening," said a PWD official on Wednesday. According to sources, both the flyovers are likely to be inaugurated closer to the assembly elections in Delhi, scheduled for early next year. During the time the work was under way, motorists faced heavy traffic congestion ..

Next Story
Infrastructure Transport

RDSO finalise oscillation trials on Indore Metro

Indore Metro Phase 1 advances with the completion of oscillation and brake performance trials on the Yellow Line through three coaches manufactured by Alstom conducted by Research Design and Standards Organisation (RDSO). The oscillation trials were conducted with an aim to evaluate the stability and performance of the three different coaches during the movement, ensuring that the commencement of operation on Indore metro meets the safety and performance standard. The Emergency Braking Distance (EBD) was also reviewed by the RDSO team to evaluate the efficient stopping of trains during the op..

Next Story
Infrastructure Urban

IIT Guwahati develops sustainable geopolymer

A research team at the Indian Institute of Technology Guwahati, led by Prof. Anil K. Mishra from the Department of Civil Engineering, has developed an innovative solution to two major global challenges: industrial waste management and sustainable construction. Their research focuses on creating a geopolymer using industrial byproducts and waste materials, such as water treatment sludge (WTS), fly ash (FA), and ground granulated blast furnace slag (GGBS). “With the rapid pace of urbanisation and industrialisation, managing industrial waste has become a critical global issue," said IIT Guwaha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000