Power

The Cabinet Committee of on Economic Affairs (CCEA) has taken several key decisions for strengthening of the power sector, approving four Hydro and Stressed Thermal Power projects worth over Rs.31,000 crore.

The Prime Minister, Narendra Modi, has launched key development projects at Kalaburagi in Karnataka and Kancheepuram in Tamil Nadu, on 6 Mar 2019.

The Indian button cell market is projected to cross US$88 million in 2024 from more than US$59 million, posting a CAGR of over 7% during 2019-2024, owing to growing government initiatives and increasing demand from Tier-II and Tier-III cities.

Adani Power (Jharkhand) Ltd has received approval for possession of 222.68-hectare land for the Rs.14,000 crore, two 800-MW supercritical power plant to be ready by 2022 for export to Bangladesh.

The government is working on a blueprint to increase foreign direct investment inflows to US$100 billion through a targeted approach, especially requesting Fortune 500 companies to invest in India.

India will become the world's largest energy growth market by mid-2020s, accounting for over a quarter of incremental global demand, BP said in its annual energy outlook 2019.

Adani Transmission Ltd has acquired operational transmission lines of KEC International Limited for Rs.228 crore, consolidating its position in Rajasthan transmission sector.

A proposed draft National Energy Storage Mission aims to promote manufacturing, deployment, innovation and cost reduction in the energy storage sector, especially for renewables.

The cabinet has approved a proposal for Telangana and Jharkhand to receive 85% of the electricity from two major plants being built in the two states.

The Cabinet Committee on Economic Affairs (CCEA) has approved the 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects by the Government Producers with Viability Gap Funding (VGF) support of Rs.8,580 crore.