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India formally sent LoI to host 2036 Olympics
India took a significant step toward potentially hosting the 2036 Olympic and Paralympic Games. On October 1st, the Indian Olympic Association (IOA) officially submitted a Letter of Intent to the International Olympic Committee's (IOC) Future Host Commission, sources told news agency IANS. This action follows repeated expressions of interest from Indian Prime Minister Narendra Modi, who sees the Games as a potential boon for the nation. "Prime Minister Narendra Modi's vision of hosting the Olympic and Paralympic Games in India in 2036 has taken a significant step forward," a source stated. Th..
NTPC, ONGC collaborate on green energy
In a significant move towards renewable energy, Maharatna PSUs NTPC and ONGC have partnered to form a 50:50 Joint Venture Company (JVC) through their respective green energy subsidiaries, NTPC Green Energy Ltd. (NGEL) and ONGC Green Energy Ltd. (OGL). The collaboration aims to expand their footprint in the renewable energy sector, encompassing a range of green technologies and projects, from solar and wind energy to green hydrogen and sustainable aviation fuel. The formal Joint Venture Agreement was signed on February 7, 2024, during India Energy Week, followed by approvals from the Departmen..
India issues 11,098 MW in renewable energy tenders
India’s renewable energy (RE) sector recorded substantial growth in October 2024, with 16 new tenders for a cumulative capacity of 11,098 MW issued, according to JMK Research’s Market Intelligence report. Major issuers included NHPC, which floated a 1,200 MW solar tender for ISTS connectivity, and NTPC, which launched a 1,200 MW wind-solar hybrid tender with an additional 600 MW capacity under a greenshoe option. SECI also issued bids for 1,200 MW of round-the-clock RE power through ISTS connections. The report highlights a continued expansion in RE installed capacity. From January to Sept..
