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UAE seeks investors to build hydrogen export facilities
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UAE seeks investors to build hydrogen export facility | Business and Economic News
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The Basque Country is looking for investors to build hydrogen export facilities Business and Economic News
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May 7, 2021
Power generation accounts for roughly a third of global greenhouse gas emissions. So when Japan’s biggest power producer, Jera Co., announced last October that it aims to achieve carbon neutrality by 2050 but not by relying exclusively on renewable power it took even some energy experts by surprise, with many wondering if that is actually possible.
But the company, which emitted 139 million tons of carbon dioxide in fiscal 2019 and is responsible for nearly 10% of Japan’s emissions, is determined to lead the world in making a bold transition away from fossil fuels to net zero emissions as it bets its survival on ammonia and hydrogen, which unlike fuels such as oil and gas do not produce carbon dioxide when burnt.
Reliance Power forms JV with Jera for 745 MW project in Bangladesh
March 04, 2021
To repay ₹3,000-crore debt by this month-end
Anil Ambani-led Reliance Power has formed a joint venture with Japan-headquartered Jera Co. Inc to develop a new gas-fired power generation project in Bangladesh.
The company has achieved financial closure for the project with a group of lenders including Japan Bank for International Cooperation and Asian Development Bank and all requisite conditions for availing drawdown under the loan agreements have been achieved, said Reliance Power in a statement on Thursday.
The project is to build, own, and operate a 745-MW (net output: 718 MW) natural gas combined-cycle power project in Meghnaghat near Dhaka.