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IFC, MP Govt to Build the Largest Single-site Power Project in Rewa

A member of the World Bank Group share intends to partner with Madhya Pradesh government for a massive solar project. IFC and state govt. aims to setup the largest single-site power project of 750-Mw in Rewa. IFC will put its expertise to structure and propose the transaction through private investments of about $750 million. Successful []

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No Transmission Charges On BESS, PSPs Till June 28: Govt

Ministry of Power has issued a long-awaited notification waiving inter-state transmission system (ISTS) charges for Energy Storage Systems (ESS), including pumped hydro and battery projects, as part of efforts to support renewable energy integration. The order builds on earlier ministry notifications issued on December 23, 2016; November 2, 2021; December 1, 2022; December 6, 2022; []

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Finance Lead Process & Controls

Responsibilities:- Creation and maintenance of risk control matrix for corporate function Driving IFC audit & supporting statutory audit for the Indian legal entity Local Policy and Process documentation Looking into the India Controllership. Performing Root Cause analysis for issues identified by auditors and remediating the same within the timelines Look for opportunities and drive continuous []

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Consultant Environment

Delivering a broad range of environmental projects and advisory services Screening and scoping studies Manage the delivery of environmental scope on projects Reviewing technical reports produced by others Management of environmental issues during the construction and operational phases of projects Environmental and Social Baseline Collection Environmental and Social Due diligence (ESDD), Environmental and social impact assessment, []

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Top 5: Largest Solar Projects in the Middle East Region

The Middle East region is making strides in renewable energy growth as global development increasingly moves away from conventional sources of energy. Renewable energy sources, such as solar, wind, and green hydrogen, have become the new engines powering growth and development. Some of the major oil-producing countries, like the UAE and Saudi Arabia, are now []

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Fiscal Year 2024: World Bank Provides $42.6 Bn Climate Finance

The World Bank Group delivered a record $42.6 billion in climate finance in fiscal year 2024from July 1, 2023, to June 30, 2024, according to its Climate Finance Fiscal Year 2024 Snapshot. This is a 10% increase in climate finance compared to the previous year. At COP28, the World Bank Group committed to increasing its []

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Deputy General Manager-HSE

Implement and monitor the HSE management system in accordance with ISO 45001& ISO 14001 and IFC Standards as directed by Head HSE, in line with contractual HSE obligations with customer HSE Co Ordinator for International Sites Skills and Competencies required:- HSE Inspections & Audits HSE Monitoring HSE Training HSE incident management & investigations Coordinate with []

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REC Gets $200 Mn Loan From Deutsche Bank To Finance RE Projects

REC recently secured a green loan of JPY 31.96 billion which is equivalent to $200 million to finance green projects in India. The green loan transaction was conducted by Deutsche Bank AG, through its GIFT City branch. For REC, the public financial institution, the facility is also positioned as one of the first JPY-denominated green []

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Avaada Group Secures Rs 315 Cr Financing For Karnataka Solar Project

The renewable energy arm of Avaada Group, Avaada Energy, has announced that it has closed the financing of about Rs 315 crore from Aseem Infrastructure Finance Limited (AIFL), an IFC (Infrastructure Finance Company), said the company statement. The company has secured financing for its solar PV power project being developed under a long-term captive Power []

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