PFC receives CSR Champion Award at Outlook Planet Sustainability Summit & Awards 2024 – Odisha Diary, Latest Odisha News, Breaking News Odisha orissadiary.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissadiary.com Daily Mail and Mail on Sunday newspapers.
PFC receives CSR champion award
Gurugram: Power Finance Corporation Ltd (PFC) has been honoured with the prestigious CSR award in the NF (Non-Fossil Fuel) business category at the Outlook Planet Sustainability Summit & Awards 2024 held in Goa. Parminder Chopra, Chairman & Managing
The government aims to raise the share of non-fossil fuel in India s electricity generation capacity to 50% by 2030, according to MNRE Secretary Bhupinder Singh Bhalla. Currently, non-fossil fuel-based capacity constitutes about 42% of India s installed energy generation. Bhalla mentioned this during his address at the World Hydrogen Summit 2024 in Rotterdam, Netherlands, on May 15, 2024. He highlighted a 10.79% increase in non-fossil fuel-based capacity addition in 2023-24 compared to the previous year.
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India s power generation capacity saw growth in both fossil fuel-based and non-fossil fuel-based sources in FY24. Fossil fuel capacity rose to 243.22 GW while non-fossil fuel capacity increased to 190.57 GW, with renewable energy sources like solar and wind contributing significantly to the rise.