TAMIL NADU GREEN ZONES
Brookfield to buy controlling stake in Leap Green for $550 million
Brookfield has made a significant equity investment of over $200 million in Leap Green Energy, a renewables platform based in Tamil Nadu that focuses on providing clean energy solutions to commercial and industrial customers. This investment includes an option for an additional $350 million to support future growth, aiming to exceed 3 GW capacity in the next four to five years.
Wind power generation picks up pace in TN; clean energy meets one-third of state’s power demand
Tamil Nadu's wind and solar energy generation peaked on Wednesday, meeting over one-third of the state's power needs. Wind power set a new record with 105.138 million units contributing to the grid. Solar power added 25.8 Mu despite overcast conditions, showcasing the state's commitment to green energy.
Tamil Nadu CM MK Stalin announces International airport at Hosur
The Tamil Nadu government will build a new international airport in Hosur for socio-economic development altogether in Hosur, Krishnagiri and Dharmapuri districts, Chief Minister MK Stalin announced in an assembly on Thursday.
Sembcorp files suit against Siemens Gamesa over unsettled arbitration
Sembcorp's India unit has filed a lawsuit in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business assets before settling an ongoing arbitration. The arbitration pertains to alleged default in executing a contract. Sembcorp has sought an injunction over the sale, which includes Siemens Gamesa's shareholding in India.
Adani to invest Rs 2 lakh crore in renewable energy capacity addition by 2030
Adani Group plans to invest Rs 2 lakh crore by 2030 to achieve 40 GW of renewable energy generation capacity, aiming for net zero emissions by 2050. With over 10 GW capacity currently, they aim to add 6-7 GW annually to reach 50 GW by 2030. The investment is estimated at Rs 5 crore per megawatt. Adani Green Energy Ltd has added 2.8 GW capacity in FY24.
Cabinet approves offshore wind energy projects in Gujarat, Tamil Nadu with total outlay of Rs 7,453 cr
The Union Cabinet approved India's first offshore wind energy projects with a capacity of 1 GW, divided equally between Gujarat and Tamil Nadu, at a total cost of Rs 7,453 crore. Information & Broadcasting Minister Ashwini Vaishnaw highlighted this as a landmark decision, emphasizing the significant opportunity it represents for India's renewable energy sector.
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Cabinet givs nod to VGF scheme for offshore wind energy with Rs 7,453 crore outlay
The Union Cabinet approved a viability gap funding (VGF) scheme for offshore wind energy projects with a total allocation of Rs 7,453 crore. This includes Rs 6,853 crore for installing and commissioning 1 GW of offshore wind projects, split into 500 MW each off Gujarat and Tamil Nadu coasts. Additionally, Rs 600 crore is earmarked for upgrading two ports to support logistics for these projects.
ESR acquires additional 27 acres in Chennai’s Oragadam to expand industrial park
ESR Group, focusing on real estate services and investment in the Asia Pacific region, has expanded its industrial and logistics park in Chennai’s Oragadam by acquiring an additional 27 acres of land. This brings the total area of ESR Oragadam Industrial & Logistics Park to 107 acres, with plans to develop 2.5 million sq ft. The Hong Kong-listed company will invest over Rs 276 crores for construction, including land costs.
Exports from special economic zones up 4% to $163.69 bn in 2023-24
SEZs are enclosures that are treated as foreign territories for trade and customs duties, with restrictions on duty-free sales outside these zones in the domestic market.
Domestic open access solar capacity addition doubles to 1.8 GW in Jan-Mar: Mercom
India added over 1.8 gigawatts (GW) of solar open access capacity in the first quarter of the calendar year of 2024, posting a two-fold increase from 909.3 megawatts (MW) in Q4 2023, the report titled 'Mercom India Solar Open Access Market' said.
'40 out of 40' win will help lead the nation: DMK chief M K Stalin
The DMK and its allies' sweeping victory in Tamil Nadu and Puducherry, winning all 40 seats, marks a significant step towards safeguarding constitutional principles, according to Chief Minister M K Stalin. The results reflect a rejection of the BJP's 'communal' politics, especially in Uttar Pradesh. Stalin credited the victory to the hard work of party workers and the people's rejection of divisive forces. The win, he believes, signals a resurgence of democracy and a blow to autocracy, particularly against attempts to politicize spiritual beliefs.
Monsoon hitting Kerala in hours. Check IMD's weather forecast for Andhra, Telangana, Karnataka, Tamil Nadu
The India Meteorological Department (IMD) forecasts the monsoon will likely begin in Kerala within the next 24 hours and progress into parts of the northeastern states. Heavy rainfall is forecast for Kerala and Mahe over the next five days, the Andaman and Nicobar Islands from May 31st to June 2nd, and Tamil Nadu and South Interior Karnataka on June 1st and 2nd, 2024. Strong surface winds are expected over the Andaman and Nicobar Islands from May 29th to 31st, and Coastal Andhra Pradesh, Yanam, Rayalaseema, and Karnataka from May 31st to June 2nd.
Chromium contamination: Madras HC orders issuing notice to Centre, Tamil Nadu govt
In his petition, Balu, the PMK's nominee for the April 26 Lok Sabha elections in the state, said he had covered the entire Ranipet district for electioneering and came to know of chromium contamination issue in the factory belonging to Tamil Nadu Chromates and Chemicals Limited (TNCCL), which was increasingly becoming a major environmental and biological threat.
Tamil Nadu among best states for economic zone: DP World official
DP World Vice President, Economic Zones, India Subcontinent and MENA, Ranjit Ray, said Chennai also has strategic advantages since it is connected to South Asia, Africa, Australia via the sea route.
NDA is already near 200 seats, on track to get past 400: Amit Shah
Union Home Minister Amit Shah is confident that the BJP will achieve its 400-paar figure this election and says the party would win up to 200 of the 283 seats in the first three phases alone. In an interview with Rahul Tripathi and Pranab Dhal Samanta, he says that elections will be held in Jammu & Kashmir ‘according to court dates’ and opposes any reservation based on religion. Excerpts:
Rough waves hit coastal areas of Kerala and south Tamil Nadu; Central agencies issues Red alert
Officials have urged fishermen and coastal residents to take necessary precautions in response to the alert. A Kerala Disaster Management Authority (KSDMA) official stated, "Red alert for swell surge warning has been received from NDMA-INCOIS." The 'Kallakkadal' phenomenon is expected to occur from 2:30 am on Saturday to 11:30 pm on Sunday, with the possibility of extremely strong waves, rough seas, and sea incursion during this period.
Kallakkadal alert sounded: Coastal parts of Kerala, south Tamil Nadu warned of likely ocean swells
"There is a possibility of rough seas due to high waves of 0.5 to 1.5 metres during this period," according to the Indian National Centre for Ocean Information Services (INCOIS). INCOIS, the central agency that issues weather warnings for fishermen in the country, advised people to safely moor their fishing vessels in the harbour.
'Kallakkadal phenomenon' threatens Kerala, southern Tamil Nadu coastlines
Kerala and southern Tamil Nadu coastal areas are expected to experience the "kallakkadal phenomenon," a sudden swell of the seas causing rough waves, until 11:30 pm on Monday. The Indian National Centre for Ocean Information Services (INCOIS) has issued alerts to fishermen and coastal residents, advising them to stay away from danger zone areas and to safely moor fishing vessels in harbors.
Offshore wind capacity of 1GW may be auctioned in first 100 days of new govt
India could bid out 1 GW of offshore wind capacity under the viability gap funding (VGF) scheme and issue guidelines for the PM-Surya Ghar Muft Bijli Yojana within 100 days of the next government taking charge. The PM-Surya Ghar Muft Bijli Yojana, launched on February 13 with an outlay of ₹75,021 crore, aims to solarise 10 million households. The scheme supports infrastructure projects that are economically justified but fall marginally short of financial viability.
Elon Musk says he's looking forward to meeting PM Modi in India amid talks of Tesla entry
Musk comment comes amid media reports of Tesla looking at announcing investments in the country, which recently unveiled a policy extending concessional tariffs on fully imported electric cars manufactured by foreign carmakers who commit investments to start a local factory. Under the new EV policy announced March 15, the government will allow the import of completely built-up (CBU) electric cars that have a minimum cost, insurance and freight value of $35,000 (Rs29.2 lakh) at 15% import duty for a period of five years in exchange for a minimum investment of $500 million to start local manufacturing.
Lok Sabha elections: Battle for Chennai's "rockstar constituency" heats up
DMK attaches a lot of prestige to the South Chennai seat. This time, it has fielded sitting MP Thamizhachi Thangapandian against BJP’s Tamilisai Soundararajan, who the governor of Telangana and lieutenant governor of Puducherry. ADMK's candidate this time is again physician J Jayavardhan, the son of its former minister D Jayakumar.
A bone of contention between DMK and AIADMK, Katchatheecvu takes centre stage ahead of LS polls
The uninhabited island was ceded in 1974 when the then Prime Minister Indira Gandhi accepted Katchatheevu as Sri Lankan area under the Indo-Sri Lankan Maritime agreement with her counterpart Srimavo Bandaranaike, aimed at resolving the maritime boundaries in the Palk Strait.
Why 7,000 flats in Chennai remain empty? Shocking reasons inside
The air quality in Ennore is very bad, with levels of a harmful substance called PM2.5 going up to 135 on average. This is much higher than what is considered safe by the World Health Organization. Some officials raised concerns about the flats being close to industries like the Ennore Thermal Power Plant. But the government still allowed the flats to be built there.
DMK forces rival AIADMK to target BJP in charged up political atmosphere in poll bound TN
The narratives set by these two parties have narrowed down the poll battle between them and almost eclipsed the election campaign of other players such as the Congress, the left parties, Seeman's Naam Tamilar Katchi, though BJP state chief K Annamalai fires sharp barbs at the DMK.
DMK aiming high with its welfare measures, seeks 2019 repeat of a sweep, AIADMK banks on EPS
DMK, Congress alliance gears up for polls in Tamil Nadu. AIADMK eyes 2024 under Edappadi K Palaniswami. BJP targets upset. Bypolls, K Annamalai, and Puducherry add to the contest. SWOT analysis, welfare measures, investments significant.
Tamil Nadu is BJP's new election frontier. Can it make a mark?
The BJP aims to overcome historical struggles in Tamil Nadu by winning 370 seats in Lok Sabha elections. The party faces challenges in southern states but is strategizing alliances to gain a wider presence and strengthen its support base through aggressive campaigns and the 'En Mann En Makkal yatra' led by K. Annamalai. The BJP hopes to find traction in Tamil Nadu this time to be able to shake off the tag of a north Indian party.
PM Modi to inaugurate 1st Made in India green H2 fuel cell inland waterway vessel. Know more
Prime Minister Narendra Modi will inaugurate projects at V.O.Chidambaranar Port to establish it as India's first Green Hydrogen Hub Port. These projects are part of the National Green Hydrogen Mission with an outlay of Rs 19,744 crores to develop 5 Million Metric Tons per annum of Green Hydrogen production capacity by 2030.
Tamil Nadu's VOC Port will be India's first green hydrogen hub: Sarbananda Sonowal
India's VOC Port in Tamil Nadu will become India's first green hydrogen hub, developing an ecosystem of green ports and becoming a transshipment hub. Prime Minister Narendra Modi will inaugurate 36 transformative projects worth over Rs 17,000 crore, with six projects in Tamil Nadu's two ports. The Outer Harbour Container Terminal project, costing Rs 7,056 crore, will position the port as a major transshipment hub, increasing container capacity and boosting the state economy.
Tamil Nadu revenue deficit to spike to Rs 49,279 crore in 2024-25
"The imposition of stringent conditions on the borrowing ceiling by the Union Government has unduly restricted the ability of the State to raise resources to fund its development initiatives," Finance minister Thangam Thennarasu said.
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