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Centre approves Rs 18,000 cr PLI scheme for ACC batteries - To boost production in the country, an investment of Rs 45,000 cr will be made in it. Those investing in it will get an incentive of Rs 16,000 crore.
The Union Cabinet on Wednesday approved an Rs 18,100-crore plan to incentivise battery makers to manufacture locally as it looks to cut import dependence while giving a boost to electric vehicle (EV) adoption. This was a Department of Heavy Industries’ proposal, which the government expects will create direct investment of Rs 45,000 crore. Under the production-linked incentive (PLI) scheme floated by the central government, the Cabinet in November 2020 had approved Rs 18,000 crore for domestic manufacturing of Advanced Chemistry Cell (ACC) battery storage. Currently, the country’s ACC...
Non-binding term sheet signed with Orion Mine Finance for US$300 million streaming facility Societe Generale and Nedbank appointed as mandated lead arrangers for a senior project debt facility of up to US$120 million Detailed engineering underway on mine design, 770-ktpa concentrator and associated infrastructure for Platreef's phased development plan, which is expected to be incorporated into an updated feasibility study by the end of 2021 Platreef's Shaft 1 changeover progressing well in preparation for permanent hoisting by early 2022 Mokopane, South Africa--(Newsfile Corp. - February 16,...
Honors Sen. Scott Wiener State Sen. Scott Wiener of San Francisco has been named chair of the California Senate Mental Health Caucus, “which focuses on improving California’s resources for mental health and substance abuse disorders,” according to a press release from his office. Wiener has also been named Legislator of the Year by the California Marriage and Family Therapists for his work on Senate Bill 855, which “has made California a nationwide leader in mental health care,” according to the press release. Zoe Fertik of Palo Alto has been accepted into the Jewish Women Scholars...
Program/Project Management Consultancy in Myanmar about Agriculture, requiring 5-9 years of experience, from World Vision; closing on 01 Feb 2021