financetom
Business
financetom
/
Business
/
India, Maldives chalk out renewable energy transfer project
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India, Maldives chalk out renewable energy transfer project
Apr 26, 2022 11:24 AM

India and Maldives plan to set up a transmission interconnection for transfer of renewable power between the two countries. The proposal was discussed during the meeting between Power and New and Renewable Energy Minister R.K. Singh and Maldives' Environment, Climate Change and Technology Minister Aminath Shauna in the national capital on April 26.

Singh appreciated the Maldives government’s resolve to achieve net-zero emission target by 2030, according to a power ministry statement. During the meeting, both leaders proposed two memoranda of understanding -- on energy cooperation and on transmission interconnection under One Sun, One World, One Grid (OSOWOG).

Also read: India could become carbon neutral before its 2070 goal, says IRENA chief

To facilitate Maldives' energy transition programme, a transmission interconnection for renewable power transfer has been proposed, the statement said. A draft agreement is being prepared for the MoU on transmission interconnection, under which a technical team from India would visit Maldives to assess the technical feasibility of the project.

Subsequently, a detailed project report (DPR) will be prepared jointly with Indian and Maldives agencies, including undersea cable route survey and network augmentation in Male, as per the statement.

Also read: India adds renewable capacity of 13.5 GW in 2021-22

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Kadant Q2 Adjusted Earnings, Revenue Rise; Full-Year Outlook Revised -- Shares Fall After Hours
Kadant Q2 Adjusted Earnings, Revenue Rise; Full-Year Outlook Revised -- Shares Fall After Hours
Jul 30, 2024
05:36 PM EDT, 07/30/2024 (MT Newswires) -- Kadant ( KAI ) reported Q2 adjusted earnings late Tuesday of $2.81 per diluted share, up from $2.54 a year earlier. Four analysts polled by Capital IQ expected $2.43. Revenue for the quarter ended June 29 rose to $274.8 million from $245.1 million a year earlier. Four analysts surveyed by Capital IQ expected...
First Solar's second-quarter profit jumps on strong sales volumes
First Solar's second-quarter profit jumps on strong sales volumes
Jul 30, 2024
July 30 (Reuters) - First Solar ( FSLR ) said on Tuesday its second-quarter profit more than doubled, as the U.S. solar panel maker benefited from stable demand for its products. Many solar project developers favor First Solar's ( FSLR ) cadmium telluride products because this technology does not depend on polysilicon, a raw material largely produced in China and...
Allied Properties REIT's Q2 NOI Rises 4.2% on Higher Revenue
Allied Properties REIT's Q2 NOI Rises 4.2% on Higher Revenue
Jul 30, 2024
05:35 PM EDT, 07/30/2024 (MT Newswires) -- Allied Properties Real Estate Investment Trust (AP-UN.TO) on Tuesday said its second-quarter net operating income (NOI) rose 4.2% on higher rental revenue. The company said in operating income rose to $82.39 million from $78.1 million in the year-prior quarter. Rental revenue rose 7.8% to $146.75 million from $136.14 million. Average in-place net rent...
Northern Oil & Gas Q2 Adjusted Earnings Decline, Revenue Rises
Northern Oil & Gas Q2 Adjusted Earnings Decline, Revenue Rises
Jul 30, 2024
05:34 PM EDT, 07/30/2024 (MT Newswires) -- Northern Oil & Gas (NOG) reported Q2 adjusted earnings late Tuesday of $1.46 per diluted share, down from $1.49 a year earlier. Analysts polled by Capital IQ expected $1.23. Revenue for the quarter ended June 30 rose to $560.8 million from $476.6 million a year earlier. Analysts surveyed by Capital IQ expected $542.4...
Copyright 2023-2026 - www.financetom.com All Rights Reserved