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Tata Steel talks decarbonisation plans with Dutch Govt
Tata Steel has announced on-going discussions with the Dutch government regarding a plan to reduce carbon emissions from its plant in the Netherlands. This follows a directive from the Dutch Parliament for the government to negotiate support terms. The Dutch government is reportedly considering funding up to ?3 billion to facilitate the green transition of Tata Steel?s IJmuiden plant, which has faced health and pollution concerns. Tata Steel confirmed these talks in a filing to the Indian stock exchange. In March, the Dutch Parliament urged the government to negotiate the decarbonisation suppo..
World's third ropeway to start in Kashi from November
Kashi is set to introduce the world's third and India's first urban transport ropeway, following Bolivia's La Paz and Mexico, with operations likely to commence during Dev Diwali. In its initial phase, Kashi residents will enjoy seamless travel from Varanasi Junction Cantt Railway Station to Rath Yatra in significantly reduced time. Dev Diwali, scheduled for November 15 this year, marks the anticipated launch date. The introduction of the City Ropeway is expected to alleviate traffic congestion in Varanasi. Equipment procurement, sourced from Switzerland for the ropeway's construction, is a..
Large-scale solar projects average costs decline 28% in Q1 2024
The first quarter (Q1) of 2024 witnessed a notable 28.2% year-over-year (YoY) decline in the average cost of large-scale solar power projects in India, primarily attributed to a significant reduction in module prices. This decline marks the fifth consecutive quarter of diminishing costs since Q1 2023, with Q1 2024 recording the lowest quarterly average project cost. According to the recently released Q1 2024 India Solar Market Quarterly Update by Mercom India Research, this decrease in system costs has positively impacted the cost of capital and boosted the internal rate of returns for large-s..
