Current affairs 29 October 2024

India Handed Over Solar Systems to Religious Sites in Sri Lanka.

• India provided rooftop solar systems to various religious sites in Sri Lanka, reinforcing its energy partnership with the island nation.
• The initiative is part of a $17 million Indian project aimed at installing 25 MW of solar energy across 5,000 religious institutions.
• Key religious sites include Buddhist, Hindu, Christian, and Muslim places of worship.

Rajasthan Government Introduced New Scheme to Attract Investment.

• The Rajasthan Government launched the Rajasthan Investment Promotion Scheme (RIPS) 2024, providing increased financial incentives to new sectors ahead of the 'Rising Rajasthan' Global Investment Summit 2024.
• RIPS 2024 includes new sunrise sectors & manufacturing and services thrust sectors, while also enhancing incentives for tourism businesses, IT/ITeS companies, and women-led startups

GAIL, VERBIO partnered to make CBG projects using Agricultural Residue.

• GAIL and VERBIO have signed an MoU to develop agricultural residue-based Compressed Biogas (CBG) plants.
• The aim is to promote sustainable energy solutions and efficiently utilize agricultural waste.
• The collaboration involves identifying suitable locations for CBG plants, conducting feasibility studies, and forming a Joint Venture (JV) for the projects.

Power Grid bagged new transmission project in Gujarat.

• Power Grid Corporation of India secured a transmission project in Gujarat through tariff-based competitive bidding.
• The project aims to establish an inter-state transmission system for evacuating 8 GW of power from a renewable energy zone in Khavda under Phase-V.
• It will be developed on a build, own, operate, and transfer (BOOT) basis.

NTPC, Indian Army collaborated for Green Hydrogen Power Supply.

• NTPC and the Indian Army are establishing a solar hydrogen-based microgrid in Chushul, Ladakh, providing a round-the-clock power supply to off-grid Army locations.
• The microgrid will replace diesel generators and operate in extreme conditions, offering 200kW of power.
• This initiative promotes renewable energy, reducing carbon emissions and ensuring sustainability.