CHENAB VALLEY POWER PROJECTS
DVC to invest Rs 20,000 cr in solar energy projects by 2030
The Kolkata-headquartered corporation now has only 14 MW installed solar capacity and is executing a 348 MW project in association with NTPC. A 250MW/hour capacity of battery storage is also under consideration, he said.
Watch: Railways conduct high-speed trial on world's tallest Chenab Rail Bridge. Goosebumps Guaranteed
Indian Railways achieved a milestone with a successful high-speed trial on the Chenab Bridge, the world’s highest railway bridge in Jammu and Kashmir. This marks progress towards starting rail operations on the Reasi-Baramulla route. The trial covered a 46-km electrified section, including nine tunnels, demonstrating technological advancements. The Udhampur-Srinagar-Baramulla Rail Link project aims to integrate Kashmir with national rail networks, enhancing connectivity and economic prospects.
BHEL bags Rs 13,300 cr order to set up 1600 MW-thermal power project
Commensurate with the goal of the central government to ensure the energy security of the country, DVC has finalised the tender for the engineering, procurement and construction (EPC) package of Koderma TPS (2X800MW) in Jharkhand, with Bharat Heavy Electricals Ltd (BHEL) for Rs 13,300 Crore on June 26, 2024, a power ministry statement said.
The Pant Project raises $4.25 million in maiden funding round
The Pant Project will use the funds for offline retail store expansion, branding and marketing, technology development, and team growth, Dhruv Toshniwal, cofounder of the company told ET. The company gets about 60% of its revenue from top-tier cities such as Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Pune, and Ahmedabad, and the balance 40% from tier II cities.
J-K: Train services to begin soon on "world's eighth wonder" Chenab rail bridge
The Northern Railway plans to start the train service from Ramban to Reasi via the world's highest railway bridge on the Chenab River, marking a milestone in the Udhampur-Srinagar-Baramulla Rail Link project. Reasi Deputy Commissioner Vishesh Mahajan praised the engineering marvel, with hopes of completion by year-end. The 1,315-meter Chenab Rail Bridge, is crucial for connecting the Kashmir Valley to the Indian Railway network. It has been constructed 109 feet above the Chenab river.
CRS to conduct 2-day inspection of railway line as 'dream project' inches closer in J-K
Commissioner of Railways Safety D C Deshwal to inspect the Sangaldan-Reasi section, featuring the world's highest steel arch rail bridge over Chenab. Union Minister Jitendra Singh anticipates completion of the Udhampur-Srinagar-Baramulla Rail Link by year-end.
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50 liaison officers join experts, Indo-Pakistan officials
The officials informed visit is an obligation on both the countries and under the treaty commissioners of both India and Pakistan are supposed to inspect the sites and works on both sides of the Indus basin every five years. Last visit of Pakistan delegation was in 2019, however, this time the delegations of two countries would be accompanied by neutral experts.
How AI made Mark Zuckerberg popular again in Silicon Valley
Meta's CEO, Mark Zuckerberg, introduced an open-source AI system, challenging closed models like OpenAI. Jeffrey Emanuel, a hacker and AI enthusiast, initially skeptical, was impressed by Meta's move to make the code freely accessible.
US intelligence agencies' embrace of generative AI is at once wary and urgent
A Silicon Valley firm used generative AI in the Sable Spear operation to analyze Chinese fentanyl trafficking data, surpassing human analysis. It predicted Russia's invasion of Ukraine and alerted government customers to North Korean missile launches. U.S. intelligence agencies are exploring AI for geospatial intel and assessing AI missions.
ReNew and Societe Generale signs MoU for energy transition projects of $1 billion over 3 years
Under the agreement, they will focus on utility-scale energy projects, including solar, wind, complex renewables, green hydrogen, energy storage, and solar module manufacturing.
Google AR Glasses set for a comeback, to be supercharged with AI
Google Glass, the augmented-reality headset that failed to gain traction with consumers a decade ago, is set for a comeback, powered by artificial intelligence. Alphabet Inc.'s Google has faced challenges for years in perfecting AR spectacles. After discontinuing the initial headset in 2015, the company shifted to selling enterprise versions for businesses, which were also phased out last year.
Norms eased to draw in more suppliers for power equipment
India's primary planning and advisory body for the power sector has loosened a significant condition for power equipment supplies in public sector projects, aiming to enable utilities to issue tenders that facilitate greater involvement from private vendors, sources familiar with the matter revealed.
Rains, landslides, flashfloods disrupt life in Kashmir and Chenab Valleys
The extreme weather condition has put a brief halt on political rallies as all the parties have urged the administration to focus on rescue and relief operations in the affected areas. However, politicians conducted door-to-door election meetings and indoor public meetings.
Maharashtra Bhavan will be built in Kashmir: CM Shinde
Maharashtra CM Eknath Shinde, with PM Modi and HM Amit Shah's support, announces the construction of Maharashtra Bhavan in Jammu and Kashmir, overcoming opposition. The project aims to boost tourism and provide accommodations for visitors in the Valley.
REC to extend term loan of Rs 1,869 cr for Kiru Hydro Electric Project in Kishtwar
REC Limited provides Rs 1,869.265 crores term loan to CVPPPL for Kiru Hydro Electric Project on river Chenab. NHPC and JKSPDC joint venture CVPPPL to undertake multiple hydro projects totaling 3,094 MW capacity.
Avaada Inclean inks pact with DVC to supply electricity in Gujarat
Avaada Inclean partners Damodar Valley Corporation for a 421 MWp solar PV project in Gujarat, signing a 25-year PPA under the Power Ministry's scheme, securing a LoA at Rs 2.70 per unit.
All about Hyderabad-based Megha Engineering, the second-largest donor to political parties via electoral bonds
Hyderabad-based Megha Engineering and Infrastructure Ltd (MEIL), initially focused on municipal pipe manufacturing, rose to prominence in infrastructure development. It became the second-largest political donor via electoral bonds, with contributions amounting to Rs 966 crore. The company's notable projects include the Zojila tunnel and diverse ventures nationwide.
J-K hydro-power project case: Searches conducted by CBI in Delhi, Jammu
The CBI has conducted searches at eight locations in Delhi and Jammu in connection with alleged corruption in awarding of civil works worth Rs 2,200 crore of the Kiru Hydro Electric Power Project. Satya Pal Malik, former governor of Jammu and Kashmir, claimed to have been offered a Rs 300-crore bribe for clearing two files related to the project.
Hyundai, IIT-M to set up Hydrogen Valley Innovation Hub to promote green solutions
The Chennai-based premier research institute would take up the responsibility of setting up the hub at its sprawling campus in the city, and provide both the building as well as research and development infrastructure. IIT-M would also develop a curriculum and body of knowledge for skill development while operating and maintaining Hydrogen Valley.
Char Dham project: Detailed geological study is needed before infra activity in Himalayas, says environmentalist Ravi Chopra
The Silkyara tunnel is part of the Union government’s ambitious Char Dham Mahamarg Pariyojana. It is a highway widening project for almost 900 km in Uttarakhand to provide all-weather connectivity to the Hindu pilgrimage sites of Gangotri, Yamunotri, Badrinath and Kedarnath. In August 2019, the Supreme Court set up a high-powered committee to examine the “cumulative and independent” impact of the project “on the entire Himalayan valleys”.
CBI conducting searches over 'graft' in contract for Rs 2,200-crore Kiru Hydro Power Project in J&K
Three premises of the company and Duggal in Delhi and one each in Shimla, Noida and Chandigarh are being covered during the operation, the officials said. This is the fourth round of searches in the case in which the Central Bureau of Investigation (CBI) had already carried out similar operations on April 21 and July 6 last year and May 17 this year, they said. Former J&K governor Satya Pal Malik, had alleged that he was offered a Rs 300-crore bribe for clearing two files, including the one pertaining to the project.
CCI gives nod to deal involving Lanco Amarkantak Power
SJVN is mainly into hydroelectric power generation while DVC is a statutory corporation. The latter is engaged in the businesses of power generation, transmission, and water management. The proposed combination relates to acquisition of 100 per cent shareholding of Lanco Amarkantak Power by PFC Projects, REC, SJVN and Damodar Valley Corporation (DVC), according to an official release.
Assam CM Himanta Biswa Sarma lays foundations for projects worth Rs 767 cr in Barak Valley
Assam Chief Minister Himanta Biswa Sarma inaugurated and laid foundations for various projects worth Rs 767 crore in Barak Valley. This includes schemes for the development of roads, bridges, convention centers, and piped water supply. Sarma emphasized the government's focus on promoting transportation and overall development in Barak Valley.
Power Finance Corporation to provide Rs 4,528 cr loan for DVC project in West Bengal
State-owned Power Finance Corporation (PFC) has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide Rs 4,527.68 crore loan to set up a 1,320 MW project at Raghunathpur in West Bengal. The Raghunathpur Phase-II project -- a collaborative effort between PFC and DVC -- will contribute significantly to the power generation capacity in West Bengal, a PFC statement said on Friday.
Indus Waters Treaty: Deputy NSA Misri takes stock of Indus Basin Projects and security in Kashmir
India has achieved significant advancements, especially in completing projects within the Indus Basin, to effectively utilize its entitlements under the Indus Water Treaty with Pakistan. The second meeting of the task force, led by Deputy National Security Advisor Vikram Misri, was held to ensure the proper implementation of India's rights under the treaty.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Barak Valley, GE T&D India, Kirloskar Elec, RKEC Projects and Eimco Elecon, hit their fresh 52-week highs during the day.
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
HDFC Life, HUL, Power Grid, Adani Ports SEZ and Axis Bank were among the top losers on NSE in today's trade.
Avaada Energy gets 421 MW solar project from Damodar Valley Corporation
Avaada Energy has won a 421 MW solar project from Damodar Valley Corporation (DVC) in a competitive bidding process. The project will be commissioned within 18 months, generating approximately 750 million units of green energy per year and reducing 698,250 tonnes of CO2 emissions. A power purchase agreement will be signed for 25 years, and the plant has the potential to power 500,000 households in the Damodar River area of Jharkhand and West Bengal.
Railway Minister conducts first trial run on Chenab River rail bridge in J&K
Railway Minister Ashwini Vaishnaw on Sunday conducted the first trial run on a track-mounted vehicle on the rail bridge over the Chenab river in J&K's Reasi district - the world's highest railway bridge.
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