AUGUST 20238TOPSTORIESINDIA PLANS TO ACHIEVE 50 PERCENTAGE NON-FOSSIL INSTALLED CAPACITY BY 2030Prime Minister Narendra Modi emphasised India's climate obligations on Saturday, saying the nation had demonstrated leadership in climate action and met its goal for non-fossil installed electric capacity nine years ahead of schedule. India now intends to reach 50Percentage installed non-fossil capacity by 2030, the Prime Minister stated in a video message at the G20 Energy Ministerial Meeting in Goa on Saturday."Without energy, no discussion about the future, sustainability, or growth and development is complete. At the gathering of ministers from the G20 nations, the prime minister declared, "It influences growth at all levels, from individuals to nations. He emphasised that India is among the world leaders in solar and wind energy and is working hard to promote sustainable development and an energy transition."India is the world's most populous country and has the largest, fastest-growing big economy, yet we are making significant progress towards meeting our climate pledges... We exceeded our goal for installed non-fossil power capacity by nine years. The goal has been raised to 50% non-fossil installed capacity by 2030, according to PM Modi. R K Singh, the Union Minister for Power and New and Renewable Energy, is presiding over the G20 Energy Ministerial conference. Ahead of schedule, India has produced 43.6Percentage of its total energy using non-fossil fuel sources, according to Union Minister Singh, who made the announcement earlier on Friday.The G20 countries are expected to drive a sustainable, equitable, cost-effective, inclusive, and clean energy transition, and the Prime Minister encouraged them to make sure that the Global South is not left behind. According to PM Modi, "We must ensure affordable financing for developing countries." "We need to identify solutions to close technological gaps, advance energy security, and focus on supply chain diversification. Additionally, we need to improve our cooperation on "fuels for the future," he added.Prime Minister stated in his video message today that more than 119 million families in the nation now have access to LPG. He added, "We have also accomplished the historic milestone of bringing energy to every village. By introducing a programme for the adoption of LED lighting in 2015, we started a tiny movement that has now grown into the largest LED distribution initiative in the world. More than 45 billion energy units saved annually, the prime minister declared. SJVN SECURES FIVE HYDRO POWER PROJECTS OF 5,097 MW IN ARUNACHAL PRADESHSJVN, the Arunachal Pradesh government has given the business permission to build five hydroelectric projects totaling 5,097 MW: 3,097 MW Etalin, 680 MW Attunli, 500 MW Emini, 420 Amulin, and 400 MW Mihumdon. The projects are located along the Dibang River's tributaries.The business claimed that because private power developers "showed less interest" in carrying out the projects assigned to them, the state government cancelled the MoUs with them. The projects that were subsequently removed from private developers are now being transferred to central PSUs.The 3,097 MW Etalin and 680 MW Attunli projects were previously assigned to private players, according to the business, which cited SJVN Chairman and Managing Director Nand Lal Sharma. However, because neither project had made any physical progress, they were now assigned to SJVN. Projects have also been given to NEEPCO, NHPC, and THDC in addition to SJVN, another PSU.The allocation of all 5 projects in the Dibang Basin, according to Sharma, was made after the Arunachal Pradesh government took into account his "One Basin, One Developer" proposal. This will ensure that resources are used efficiently and that projects are finished on time. Over Rs 50,000 crore would be invested in the development of these projects. Arunachal Pradesh Chief Minister Pema Khandu and Union Power Minister R K Singh will both be present when the agreement for the execution of these projects is signed. AUGUST 20238
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