JUNE 20239A130 MW wind power plant in Kutchh, Gujarat, has been put into operation by Adani Wind Energy Kutchh Five Limited, a division of Adani Green Energy Limited (AGEL). With Solar Energy Corporation of India (SECI), the project has a 25 year power purchase agreement for 130 MW at a cost of Rs. 2.83 per kilowatt hour (kWh)."With the successful commissioning of this plant, AGEL's operational wind generation capacity has increased to 1,101 MW and the total operational renewable generation capacity has increased to 8,216 MW," putting AGEL's overall renewable portfolio on track to meet its vision of 45 GW capacity by 2030.The intelligent 'Energy Network Operation Centre' (ENOC) platform of the Adani Group, which has repeatedly demonstrated and helped AGEL achieve superior operational performance of its entire renewable portfolio distributed across various locations in India, will be in charge of managing the newly commissioned plant."Through its subsequent projects, AGEL has continued to integrate the goal of sustainability with economic development, creating jobs as well as enabling decarbonization in line with India's commitment at United Nations Climate Change Conference in Paris and taking it one step closer towards Climate Leadership". The share price of Adani Green was Rs. 971.95, up 0.12 percent, on the BSE early on Friday. The benchmark Sensex was up 0.51 percent. BP is in a competition with Petroliam Nasional Bhd, or Petronas, the state-owned energy firm of Malaysia, to spend $1.5-2 billion for a major minority ownership in a new platform that belongs entirely to the two Greenko founders, Anil Chalamalasetty and Mahesh Kolli.According to the individuals indicated above, negotiations have progressed with both sides, and Greenko is now anticipated to choose one of the two energy giants.When completed, this project will represent the largest foreign investment in a green ammonia and hydrogen project in India to date.Additionally, it occurs at a time when BP is under pressure from two of the biggest pension funds in the UK, which manage $130 billion in assets.They have stated that until both BP and Shell strengthen their promises to reducing carbon emissions, they will not vote to extend the tenure of their senior directors. BP reneged on its promise to reduce oil and gas output by 2030 after agreeing to a net-zero carbon emissions target by 2050.The group's oil and gas output would decline by only 25 percent from 2019 levels by 2030, as opposed to the initial estimate of 40 percent, according to CEO Bernard Looney. TOP STORIESADANI WIND ENERGY ARM COMMISSIONS 130 MW WINDPOWER PLANT IN KUTCHHGREENKO WILL RECEIVE A $2 BILLION INVESTMENT FROM BP & PETRONAS
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