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Guwahati: In a collaborative innovation, Numaligarh Refinery Limited (NRL) and NTPC Ltd have announced a ground-breaking strategic partnership to adva.

Investment by hydro power giant SJVN Ltd has been hiked to Rs 12,000 crore for 2024-25, from the revised and budgeted amount of Rs 10,000 crore for the ongoing fiscal. Another hydro power giant NHPC Ltd will increase its investment to Rs 11,761.87 crore in 2024-25 compared to the revised estimated investment of Rs 9,006.31 crore for the current fiscal. NHPC's initial investment was budgeted at Rs 10,857.22 crore for 2023-24.

Renewable Energy: FDRE is essential to steer the energy transition in the emerging era of energy resilience and sustainability. It is also vital for enhancing grid stability and unleashing the complete potential of renewable sources.

India aims to source 50% of electric power from non-fossil fuels and reduce carbon emissions by 45% from 2005 levels by 2030. The 2023 National Electricity Plan by the Central Electricity Authority (CEA) estimates the need for 486 GW of variable renewables (solar and wind) to achieve this target. Challenges posed by the high penetration of variable and intermittent renewable energy can be solved through firm and dispatchable renewable energy power, obtained by integrating energy storage systems.

The revenue from operations in the December 2023 quarter was Rs 42,820.38 crore, down 4 percent from Rs 44,601.84 crore reported in the corresponding quarter of the previous fiscal year.