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China and Indonesia have agreed to deepen their partnership, targeting collaboration in key areas like lithium, green energy, and tourism. The commitment, formalized during President Prabowo Subianto's visit to Beijing, also emphasizes mutual economic growth through joint energy projects and enhanced travel measures.
Petrovietnam, a leading player in the oil and gas sector, is keen to diversify its energy portfolio and embrace renewable resources. The collaboration with CIP, known for its expertise in infrastructure investments in renewable energy, presents an opportunity to leverage best practices and technological advancements.
Avaada Group's ₹14,000 crore investment in pumped storage projects aims to enhance Maharashtra's energy security and sustainability. The projects will have a combined capacity of 2,750 MW and are set to transform the state’s energy landscape over the next 5-7 years.
Deputy Minister of Finance Suahasil Nazara underscored the significance of these efforts during his remarks at the 16th ASEAN and Asia Forum in Singapore on July 30. He emphasized that Indonesia is leveraging its down streaming policy not merely as a restriction on mineral resource exports but as a strategic move to enhance the value of domestically produced goods and expedite economic transformation.
China's inaugural eco-friendly offshore oilfield cluster commenced operations in Beibu Gulf, representing a milestone in sustainable energy.
Nepal’s Department of Customs reported a substantial rise in electric four-wheeler imports, reaching 11,466 units in the first 11 months of the current fiscal year ending in mid-July.
Shares of Adani Green Energy witnessed a notable uptick, rising by 4.8% following the announcement of the financial results. This positive development coincided with a broader market trend, as the blue-chip NSE Nifty 50 also recorded an increase of 1.8%.
This partnership is aimed at joining forces with Semrung Invest for the storage, transportation, and exportation of products derived from a green hydrogen production initiative located along the Caspian Sea, with the intent of reaching global markets.