Shri Kanubhai Desai, Minister of Energy Petrochemicals and Finance, Government of Gujarat was also present along with other dignitaries on the occasion. . The two-day conference will focus on scaling up renewable energy, generation and consumption by considering challenges related to grid integration, financing tools and developing supporting infrastructure.

The Union Minister for Power said India aims to add capacity so as to reach 500 GW of non-fossil fuel-based capacity by 2030 and increase the share of renewable energy based capacity to at least 50 percent in terms of installed capacity.

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Reliance Industries, in their LinkedIn post, revealed that they have developed the fuel cell system using state-of-the-art components sourced from international partners, with a strong emphasis on localization. The luxury coach, based on a customized BharatBenz chassis, boasts an impressive travel range of approximately 400 km on a single hydrogen fill, enabling smooth and eco-friendly long-distance travel between cities.

The advanced hydrogen fuel cell technology delivers a gross system power of 127 kW and a total power of 105 kW, making it a formidable player in the realm of green mobility solutions. But this is just the beginning of their journey towards a sustainable future.

Over the next 12 months, the hydrogen-powered luxury coach will undergo rigorous validation and safety trials, ensuring the highest standards of performance and reliability. BharatBenz, a division of Daimler Truck AG and a renowned heavy vehicle manufacturer in India, along with Reliance Industries, is determined to push the boundaries of hydrogen propulsion technologies for the future.

Reliance Industries, not content with just this achievement, had previously introduced India’s first Hydrogen Internal Combustion Engine technology solution for heavy-duty trucks at the prestigious India Energy Week in Bangalore, cementing their position as leaders in the hydrogen revolution.

With their visionary approach, BharatBenz and Reliance Industries are exploring the immense potential of hydrogen fuel cell propulsion to revolutionize the way people travel in the future. This endeavor is a significant stride towards a cleaner and greener tomorrow, offering a glimpse of the transformative power of hydrogen fuel in shaping the landscape of transportation in India and beyond.

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The MoU were exchanged in the presence of Smt. Parminder Chopra, Director (Finance) & CMD (Addl. Charge), PFC, Shri Rajiv Ranjan Jha, Director (Projects) and Shri Manoj Sharma, Director (Commercial) at an event held on the side lines of G20 summit in Goa.

PFC recently diversified its loan portfolio by foraying into infrastructure projects such as refineries, ports, roads, metro, biofuels, waste to energy etc.

These MoU were signed with Solar, Wind Power, Green Hydrogen, Battery Storage, Electric Vehicle companies as well as the manufacturers of green energy equipment among others in the clean energy space. Adani, Greenco, ReNew, Continuum, Avaada, JBM Auto, Megha Engineering & Infrastructure Limited, Rajasthan Renewable Energy .

PFC enjoys the unique advantage of providing funds for longer tenure at competitive rates and taking larger exposures. PFC is looking to fund projects like offshore wind, pumped hydro storage, solar modules and cells, among others in the clean energy space.

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These MoU were signed with Solar, Wind Power, Green Hydrogen, Battery Storage, Electric Vehicle companies as well as the manufacturers of green energy equipment among others in the clean energy space. Adani, Greenco, ReNew, Continuum, Avaada, JBM Auto, Megha Engineering & Infrastructure Limited, Rajasthan Renewable Energy were some of the companies with whom PFC signed the MoU. PFC is a leading financier of Energy Transition in India and these MoU highlight PFC’s commitment to consistently increase its energy transition portfolio and steer Nation’s drive of Energy Transition Goals.

The MoU assume significance in the backdrop of ongoing deliberations on energy transition under India’s G20 presidency.

PFC enjoys the unique advantage of providing funds for longer tenure at competitive rates and taking larger exposures. PFC is looking to fund projects like offshore wind, pumped hydro storage, solar modules and cells, among others in the clean energy space.

The MoU were exchanged in the presence of Smt. Parminder Chopra, Director (Finance) & CMD (Addl. Charge), PFC, Shri Rajiv Ranjan Jha, Director (Projects) and Shri Manoj Sharma, Director (Commercial) at an event held on the side lines of G20 summit in Goa.

PFC recently diversified its loan portfolio by foraying into infrastructure projects such as refineries, ports, roads, metro, biofuels, waste to energy etc.

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In his briefing, Shri Agarwal highlighted the key outcomes of the ETWG meeting. He informed that the meeting had made significant progress and also provided a preview of what to expect in the ministerial meetings scheduled on 21 – 22, July.

The secretary was accompanied by Shri Ajay Tiwari, Addl. Secretary, Ministry of Power and Shri DD Jagdale, JS, Ministry of New & Renewable Energy.

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PFC has diversified into infrastructure financing with sanctions of Rs 16,000 crore in 2022-23 and is scouting for more projects, Parminder Chopra, who has the additional charge of chairman and managing director, said in an Media interaction at Mumbai.

In mid-2022, we have been allowed to fund infrastructure projects with a cap of 30 percent. We have been looking for the sector but our primary focus is going to remain on the power sector and energy transition,” Chopra said;

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Acknowledging the need for integrating sustainability into every aspect of our lives, Atul Kumar Goel, PNB MD & CEO, said, “The primary objective of this project is to actively contribute to conservation endeavors, foster the adoption of sustainable practices, and promote active employee engagement.”

Under this initiative, one lakh plus employees of PNB will plant minimum two saplings each.Some of the campaign themes under this project include Digi Branches, Green Data Center, Electrical Vehicle Finance, Green Project Finance, Recycling Camps, Tree Plantation Drive, Paper Conservation Drive, Energy Conservation Olympics, Paper Conservation drive etc.

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