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Pylontech Meets Booming Global Energy Storage Demand with Dedicated Innovative R&D
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Pylontech Meets Booming Global Energy Storage Demand with Dedicated Innovative R&D
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Union Govt to install 10,000 MW hybrid renewable energy projects in Ladakh UT
Efforts aimed at making cold desert carbon-neutral
Mohinder Verma
JAMMU, Feb 6: To make cold desert carbon-neutral, the Union Government is working towards installation of 10,000 Mega Watts (MW) hybrid renewable power projects in the Union Territory of Ladakh and different agencies are in the process of identifying suitable land and preparation of Detailed Project Report (DPR) for necessary transmission infrastructure.
Official sources told EXCELSIOR that as per the various assessments done till date, Ladakh has a potential of 30 Giga Watts of solar, 5 Giga Watts of wind, 2 Giga Watts of hydro and 300 Mega Watts of geothermal potential and Government of India wants to tap this potential in phased manner in order to make the newly created Union Territory carbon-neutral just as the nation’s Sikkim has made its mark as an organic State in the North-East.
Published February 2, 2021, 4:54 PM
The Board of Investments (BOI), the Philippine premier investment generation agency, has set a P1.25 trillion investments target in 2021, following the approval of P1.02 trillion in committed investments last year.
“We are working hard for a V-shaped Philippine economic recovery in 2021 and are hence targeting the original 2020 pre-pandemic goal for investments,” said Trade and Industry Secretary Ramon M. Lopez, who is also BOI Chairman. Following 2019’s record approval of P1.14 trillion, BOI originally set a P1.25 trillion for 2020 but has re-calibrated it to P1 trillion due to the pandemic.
Trade and Industry Secretary Ramon M. Lopez (Bloomberg file photo)
MANILA, Feb. 2 Department of Trade and Industry (DTI) Secretary and Board of Investments (BOI) Chairperson Ramon Lopez announced a Php 1.25 Trillion (T) project approval target for the agency in 2021, following total approved investments of Php 1.02T last year.
“We are working hard for a V-shaped Philippine economic recovery in 2021 and are hence targeting the original 2020 pre-pandemic goal for investments,” said Lopez. Following 2019’s record approval of Php 1.14 trillion, BOI originally set a Php 1.25 trillion for 2020 but has re-calibrated it to Php 1 trillion due to the pandemic.
Towards the end of 2020, the Agency was able to achieve this target with the endorsement of the Department of Energy (DOE) of two strategic power projects and the approval of a critical water supply and distribution project which is especially crucial in ensuring water security and contributing to flood-control. Approval for 2020 reached Php 1.02 trillion, which while 11% lower than
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