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Govt of India and Asian Development Bank (ADB) have signed a $451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC), which is part of the East Coast Economic Corridor (ECEC), in Tamil Nadu on Thursday. ADB is the lead partner for developing ECEC.

After the success of the 750MW Rewa Ultra Mega Solar project in Rewa, the Madhya Pradesh government is now aiming to create a new model for success in rooftop solar energy generation.

Stressed thermal assets which were referred to the insolvency court may retain their coal and power supply and long-term transmission network access right.

The domestic manufacturers have had a long history of conflict against the imported solar components as foreign (Chinese) suppliers continued dumping solar components in India at a much lower rate than the existing market price. Therefore, the domestic manufacturers requesting the Government of India to safeguard the domestic industry growth was quite a valid appeal.

Adani Green Energy (AGEL) was established to build on the Adani Group's success and growth story in the renewable energy space. AGEL builds, owns and operates power plants powered by renewable sources of energy like solar and wind.

The State Bank of India is the largest bank in India and with the merger of its subsidiaries, it has surely entered the new orbit.

Rajesh Kumar Mediratta, Director Business Development, Indian Energy Exchange (IEX) expects an over two-fold increase in the electricity trades in India. The revival in the industrial demand, expansion in renewable energy generation, shift to short-term PPAs, cross-border deals with, especially the SAARC member countries and the evolution of electric mobility are among the key factors that will spur the demand.

The wind sector, in the last two years, has not seen much traction due to various reasons. And because of the recent cancellation of auctions in various states, the year will pass with a no-show from the sector that had earlier added 34 GW of capacity.