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IFC-ADB, just climate in race to buy fourth partner energy

Fourth Partner focuses on building and financing renewable energy projects for commercial and industrial entities. It has an installed portfolio of 1.35 GW and is targeting to expand that to 3.5 GW by 2025. In fiscal 2022, it posted revenue of ₹1,018 crore, up from ₹459 crore the previous year, as per latest available financial numbers. ....

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Norwegian PE to invest $125 million in Fourth Partner

Norwegian PE to invest $125 million in Fourth Partner
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Coal Is Still Power-full- Business News

Coal Is Still Power-full
Despite its focus on reducing carbon emissions, India relies heavily on coal for power production. Here s how some of the country s biggest power producers are preparing for the fossil fuel-free power generation era
Photograph by Somnath Sen
In 2015, Tata Power Company had a gross generation capacity of 8,726 megawatt (MW), mainly 7,607 MW of thermal power. Its green energy portfolio was barely 1,119 MW comprising 573 MW of hydro, 487 MW of wind and just 59 MW of solar. It had plans to add another 9,105 MW, of which thermal was 8,270 MW and just 835 MW of hydro and renewable power.
Six years later it s a different story. Tata Power has 12,772 MW of installed capacity, but thermal capacity has been increased to just 8,860 MW. Instead, it now has 3,913 MW of clean power, including 1735 MW of solar and 932 MW wind, 871 MW hydro and 375 MW of waste heat recovery. The increase in thermal capacity was due to an acquisition of Prayagraj Power in ....

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