Anish De

First budget of the new government. Renewed focus on Energy Transition and boost to investment in the sector expected.. read on. #indianbuget #energy transition #grantthorntonbharat #renewableenergy #energyefficiency

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🌟 Significant Milestone 🌟 In a significant milestone for clean energy and decarbonization, New Era Cleantech Solution proud to secure financial assistance for its Coal Gasification + CCU (Carbon Capture Utilization) project. Thanks to Ministry of Coal - Official for trusting us with our initiative. This groundbreaking initiative ensures that 100% of CO₂ emissions from gasification are captured, achieving net-zero emissions and marking the launch of India’s first and largest commercial-scale CCU project. It’s a bold step towards enabling India to lead in climate sustainability goals and energy transition in a truly sustainable and self-reliant way, contributing to the vision of #AtmanirbharBharat This announcement further solidifies stakeholder confidence in New Era Cleantech Solution , a pioneer in coal gasification and decarbonization technologies. Together, we are driving innovation and building a sustainable solutions for hard to abate sectors. #EnergyTransition #Decarbonization #CleanCoal #CarbonCapture #NetZero #Coalgasification #AtmanirbharBharat #ClimateAction Narendra Modi Ministry of Coal - Official NITI Aayog Official MIDC Ministry of New and Renewable Energy (MNRE) Hardeep Singh Puri New Era Cleantech Solution Gopi Latpate CP Gurnani Rakesh Kumar Ajay Agarwal Yogesh Mandhani Gautam Munot GOPAL DEKATE SURENDRA CHOPRA

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India's tryst with renewable energy capacity development is achieving significant milestones and would likely go down in history as one of the most rapid transition/ scale-up of capacities by a nation. Some of the key aspects to consider: 1. India's solar installed capacity as on April 24 stands at around 82 GW and has seen a 30-fold increase in last 9 years 2. Solar now represents around 18.5% of total installed power capacity and 43% of all renewable energy capacity 3. With annual tender (addition) targets for 50GW, the flag-post of 500GW solar capacity by 2030 would likely be achieved Increased focus on enabling manufacturing ecosystem, like introduction of Production Linked Incentive (PLI) schemes, notification of ALMM, streamlining of regulatory laws, will provide the additional impetus to this sector and ensure that majority of such capacity targets are achieved using India made modules. The sector is also likely to see credible amount of M&A activity over the course of next decade owing to rapidly emerging economies of scale, falling module prices and evolving technologies. #MakeinIndia #Solarmanufacturing #Renewableenergy #Energytransition

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What manufacturing sector expects from budget... A detailed list... #Budget2024 #IndiaBudget #countdownbudget2024 #ManufacturingSector #NangiaAndersen #TeamNangiaAndersen #AndersenIndia

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You might have come across various reports, articles, and columns, but our latest opinion piece offers a fresh, in-depth perspective you won't want to miss. Manoj Bansal and I have crafted a comprehensive analysis of the Union Budget 2024–25, highlighting one of its most impactful features: the introduction of the “Climate Finance Taxonomy.”. This groundbreaking approach is pivotal for directing capital towards sustainable, climate-resilient infrastructure and practices. Our detailed take not only delves into this significant development but also provides valuable insights into how this budget propels India towards a greener future. Dive into our full analysis to explore how this policy shift aligns with the vision of Viksit Bharat and its implications for climate action. 🔗 Link: https://lnkd.in/gS-apgEU #UnionBudget2024 #ClimateFinance #ViksitBharat #SustainableDevelopment #ClimateAction #GTonBudget #GTBharat

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Public-private partnership in climate change adaptation can enable greater participation and buy-in from the stakeholders, funnel investments, enhance resilience by leveraging economies of scale, and strengthen policy and institutional frameworks. Read more in the ET Energyworld article authored by me and my colleague Peer M Muna at: https://lnkd.in/gENa3CGU

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The Economic Survey 2023-24 reflects a robust commitment from the Indian government towards enhancing the renewable energy sector, with substantial budget allocations across key initiatives. Significant investments are directed towards the PM-KUSUM scheme for solarizing agricultural pumps, the PLI scheme to scale up domestic solar PV manufacturing, and the ambitious PM - Surya Ghar: Muft Bijli Yojana for rooftop solar installations. Funding for these initiatives primarily comes from government allocations, supplemented by public-private partnerships, aiming to attract ₹30.5 lakh crore by 2030. As per IREDA estimates, this investment is required in manufacturing capacity for Solar, Electrolysers, Wind & Battery; Transmission, Green Hydrogen, Solar, Hydro, Wind, and Waste to Energy sectors. Government grants, funds from DFIs, clean tech funds, and innovative sustainability financing instruments are expected to contribute substantially to this pool. These investments are strategically positioned to drive growth in solar, wind, and green hydrogen sectors, addressing India's energy needs. Despite high initial costs and technology adoption challenges, continuous investment inflows and international collaborations are essential. The current allocations are a promising foundation, but sustained and enhanced funding is critical to building a comprehensive and resilient renewable energy infrastructure. Rohit Berry Bimal Modi Vivek Gupta Jayakrishnan Pillai Nishesh Dalal Anand Shankar #esg #energy #emissions #decarbonisation #energytransition

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Exciting developments in India's energy landscape! The latest data reveals a remarkable shift towards renewable energy, with renewables accounting for a staggering 71.5% of the total installed capacity in the first quarter of the year. Notably, coal's contribution dipped below 50% for the first time in decades. This milestone underscores India's determined stride towards a greener future, aligning with global sustainability goals. A promising sign of the transformative power of renewable energy in shaping our energy ecosystem. #RenewableEnergy #Sustainability #GreenFuture 🌱 . https://lnkd.in/e9kXjU3x

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This one graph from the Statistical Review of World Energy says it all about why India needs to double down on clean energy and associated infrastructure and manufacturing ecosystem. The Union Budget 2024 covered some of the aspects, missed others (like Green Corridors 3.0) and somehow failed to convey the urgency. Hopefully the Budget is just one of the platforms and we will see more decisive and meaningful policy action for accelerating the energy transition in due course. Otherwise in a world so challenged by climate events this won’t cut it.

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SECED: Tackling the Energy Trilemma; Affordability, Security, Decarbonisation—or Economy, Sustainability, Environment and various combinations thereof —lie at the core of energy debates. Post SCED, SECED seamlessly integrates Security, Emissions and Economy; Multi objective functions with multiple constraints, using data intensive scientific optimisation techniques; By delivering actionable insights, including Dual values, SECED empowers smarter and sound decisions in operations as well as planning. SECED strikes the balance between Economy, Emissions, and System Security. Implementable and Doable, India can lead through Make in India 🇮🇳 https://lnkd.in/gvPPFUEB #EnergyTransition #Decarbonisation #EnergySecurity #SECED #India 🇮🇳

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💥The problem is that Abrahamic Economics is purely about building relationships on utility & profits, from a One life consumption standpoint. Lifecycles concept is beyond their capacity to understand. They are shocked when we celebrate the moon as chanda mama or billi mausi rhymes or involve elephants in mandir processions or feed Gaumata with folded hands. To them the only life which nurtures the entire mankind with her milk after a mother is just another sub-standard animal, unequal life and a random food item. To them the moon is full of resources to be looted. The elephant can ONLY be a profits model with a zoo ticket & after eating animals they can upload dog pics on social media with animal rights captions. To them allowing animals to walk about on public roads with our vehicles is "chaos". We cutting jungles & wiping off the natural residence of animals is "development". (they can give such lectures from the west given their land & population size) https://lnkd.in/dUVPSbGw

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How National Green Hydrogen Mission is achieving it's sight via SIGHT (Strategic Interventions for Green Hydrogen Transition Program)?   How National Action Plan on Climate Change (NAPCC) is an action for everyone; be it an individual to large companies?   Lastly, how India's Production-Linked Incentives (PLI), Green Credit, Carbon Credit Trading Scheme (CCTS) fueling the transformation of India's energy & sustainable agenda and are reshaping the industry, propelling India towards a greener one?   Answer to all these….podcast by EY India Indirect Tax Partner. #National Green Hydrogen Mission #National Action Plan on Climate Change #Carbon Credit Trading Scheme #SIGHT #NAPCC #PLI #CCTS

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Thought-provoking article by our Chairman. The idea that 'India's growth story is not just about speed, but also about stability and sustainability' resonates deeply. As we celebrate India's 100 years of independence, it's crucial to focus on building a strong foundation for long-term success. Let's prioritize inclusive growth, innovation, and responsible leadership to create a brighter future for all. #IndiaAt100 #SustainableGrowth #InclusiveDevelopment #ViksitBharat Rajiv Memani EY https://lnkd.in/gcfFRUQN

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The #UnionBudget2024 reflects a robust #policy-driven approach towards the #energy sector, highlighting Government of India (GoI)'s commitment to #energysecurity and #energytransition as essential pillars for #ViksitBharat. The #Budget2024 aims to create #energytransitionpathways that will enhance state-level initiatives focused on accelerating the adoption of #renewableenergy- laying a strong foundation to ensure clean energy is available, accessible, and affordable, aligning with the Government’s vision for a #sustainablefuture. #BudgetForViksitBharat #NirmalaSitharaman Nirmala Sitharaman Indian Ministry of Finance

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https://lnkd.in/dNhBM6dN “ Under the previous plan 2017-22, about 17,700 ckm lines and 73 GVA transformation capacity were added annually. Under the new plan, transmission network in the country will be expanded from 4.85 lakh ckm in 2024 to 6.48 lakh ckm in 2032. During the same period the transformation capacity will increase from 1,251 GVA to 2,342 GVA. Nine High Voltage Direct Current (HVDC) lines of 33.25 GW capacity will be added in addition to 33.5 GW presently operating. Inter-Regional transfer capacity will increase from 119 GW to 168 GW….the total cost of the plan is Rs 9.15 lakh Cr. This plan will help in meeting the increasing electricity demand, facilitate RE integration and green hydrogen loads into the grid.” 🇮🇳

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The Coal Ministry has sought proposals from public and private sector players for Coal Gasification projects under the INR 8,500 cr. viability gap funding scheme which had been approved by the Union Cabinet in Jan this year. China has very successfully monetized its indigenous coal resources to meet its Energy, Chemical, and Petrochemical demands. 90% of China’s Ammonia and 70% of Methanol are through Coal Gasification. While there are several Gasification Technology challenges for India primarily due to the higher ash content in indigenous coal, the support being received from the GoI is very encouraging. Gasification projects would have a cascading effect on the entire Indian Chemicals Industry. Please do read my earlier publication in the Chemicals Digest Magazine on the same topic. Also please feel free to get in touch to discuss any insights/trends in the Chemicals/Oil & Gas/Energy Sector

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What an amazing conversation it was with a well informed audience at IIT, Mumbai a few days ago. Sustainable energy and its various dimensions were discussed at length and it was heartening to note that consequent to these discussions, a group has been constituted to deluberate and work out clear set of recommendations. The idea is to use IIT, Mumbai brand and erudition to evolve a practical roadmap that is politically acceptable, socially desirable, technologically feasible, financially viable, administratively doable, judicially tenable, emotionally relateable and environmentally sustainable. https://lnkd.in/gShqt4UR

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