Coal India moving forward with plans to install 3GW of solar capacity by 2024

first_imgCoal India moving forward with plans to install 3GW of solar capacity by 2024 FacebookTwitterLinkedInEmailPrint分享ETEnergyworld.com:State-owned Coal India on Monday said it plans to set up 14 rooftop and ground-mounted solar power projects of 3,000 MW capacity by 2023-24 which will entail an investment of Rs 5,650 crore. Coal India (CIL) is mandated by the coal ministry to become a net zero carbon company. Solar power initiative is a part of CIL’s diversification plans, the PSU said in a filing to BSE.The likely investment would be around Rs 5,650 crore, it said. While Rs 3,650 crore is planned to be invested through CIL’s capex, till 2023-24, the rest would be met through joint venture models that the company intends to pursue for this initiative.Synergising their efforts, CIL and NLC India Ltd have floated a joint venture entity ‘Coal Lignite Urja Vikas Private Ltd’ to develop 1,000 MW solar power projects.CIL has also tied up a JV with NTPC and an MoU with Solar Energy Corporation of India for solar projects of 1,000 MW each, the progress of which is being worked out individually.Additionally, the solar power initiative helps CIL reduce its whopping annual power consumption expense, which was around Rs 3,400 crore ending FY2020, accounting for around 4.4 per cent of the revenue expense for the year. Any saving under the power bill would also bolster the bottom line of the company to that extent, the PSU said.Besides establishing solar projects, CIL is in discussions with NTPC Ltd for purchase of 140 MW solar power under the Centre’s CPSE scheme. Cumulatively, it adds up to little over 3,000 MW by FY2024.More: CIL to set up 3 GW solar power projects of Rs 5,650 crlast_img read more

Inter eyeing January swoop for Giroud

first_imgBack at Chelsea, Giroud is thought to have become frustrated by the lack of opportunities under manager Frank Lampard this season.The former Arsenal star, who signed a one-year contract extension over the summer after the club utilised a clause in his previous deal, has only made two starts this season and the 33-year-old has spoken of the frustration of spending much of the campaign so far sat on the bench.There has been plenty of recent speculation regarding the forward’s future and now Inter Milan are thought to have joined the hunt to land the Frenchman.Inter bolstered their attacking ranks over the summer with the arrival of Romelu Lukaku and Alexis Sanchez from Manchester United.However, manager Antonio Conte is eager to add to his strike force and is thought to have identified Giroud as a target, having worked with the forward during his time at Stamford Bridge.With less than six months left on his current deal, Giroud could be a bargain deal, with reports suggesting £6m might be enough to land the player.Chelsea’s inability to bring in a replacement due to their current transfer ban could be the only snagging point in any potential switch to the Serie A giants for World Cup-winner Giroud.0Shares0000(Visited 17 times, 1 visits today) 0Shares0000Inter eyeing January swoop for GiroudLONDON, United Kingdom, Nov 15 – Chelsea striker Olivier Giroud appears to be headed for the Stamford Bridge exit in January, with Inter Milan tipped to make a move for the France international.The Blues forward came to the rescue for France on Thursday night as he bagged a 79th-minute winner from the penalty spot to help Les Bleus edge past Moldova 2-1 in Paris.last_img read more